Re: What kind of growth would last? Quick growth or slow and steady growth?
We have reached a stable stage where supply and demand stabilize at a given price of $ 6,500. The highest rate will be at $ 7,500 and a low cost at $ 5500.
I do not expect this approach to change so we may maintain this price for several months.
After significant changes such as the lightning network, regulations, mutual acceptance of these currencies, prices will change significantly.
Yeah, you are right supply is also low because of the low mining. Miners are not making good profit because there is no big demand for bitcoin. If the price drop little bit more, miners will stop mining because it is better to stop than deficits. Price is almost stable and there is no big activity in the market. I guess that this situation will last till the end of the year.I do not expect this approach to change so we may maintain this price for several months.
After significant changes such as the lightning network, regulations, mutual acceptance of these currencies, prices will change significantly.
Quote from: https://www.ccn.com/bitcoin-price-stable-at-6300-but-crypto-market-en-route-to-2018-low/