We had a huge pump in 2017 which did not last for even 2 months. But look at the growth trend from February 2018. Though the price fall of bitcoin was drastically huge, it just stayed above $5000 which should be noted closely. I like this growth trend and wish this continues. Such trend will seriously bring in strong and healthy investors into the crypto market. We would certainly and undoubtedly reach minimum $25K by end of 2020 not falling back to below $20K. Kindly bring out your thoughts on it.
Quick growth is not guaranteed like the previous one. We have quick growth experience already, therefore I think that slow and steady growth is good and will last forever. When the price increases with the passage of time and according to the market cap it will never dump in the future, but if there is unnatural growth it will definitely collapsed suddenly.
From that bump it is clear that quick growth Is not good for bitcoin. We need slow and steady growth with consistency and which never drop again. If the price grows continuously the investors will rise in number and everyone will be confident and relaxed while putting his money in bitcoin. But with regular corrections nobody will take risk in bitcoin investment.