Quote from: likerseld on October 16, 2018, 07:57:03 AM

Quote from: Kemarit on October 09, 2018, 03:47:48 AM

Quote from: maarx on October 07, 2018, 06:33:42 AM

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.

My thought is that bitcoin really bubbled during December 2017 and we all know that those parabolic rise we saw is not going to be sustainable so eventually it crashed and we even witnessed it bottom at around $5800. Well right now we can call it stabilizing around the $6000-$6500 which is a good indication that at least the crash has halted and its time to wait for another break out run. We should now look at 2019 because I don't think that we can see another big leap in the price at the end of the year.

In my opinion slow and steady growth last for long, because we all know that slow and steady wins the race. Quick growth always drops again and not good overall for crypto market. The price of bitcoin will grow steadily with the passage of time. The investment capital will increase day by day and so will the price, no matter how much time it will take.

Yeah, there is always that thing with slow and steady when it comes to gradual adoption and not getting to see some quick spikes downward and that would even make it a better store of value as well as get to see some pretty good level of usage as well rather than some people just trying to want to get greedy as the case may be and that is certainly one thing that I believe will never be sustainable as long as it is a spike caused by FOMO and greed. I guess we have all seen the outcome anyway for a while now, and it's something I believe is obvious enough for everyone to know and see.