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.
I dont know if you all do check and compare the price of Bitcoin from 2009 to this current day. There is a huge difference and thats what we call a slow but steady growth, which occurs as more people continues to join this community daily. Any other growth apart from that is a pump which is getting dumped at anytime.
But we need both of them and I dont prefer any above the other. This is a market and there should always be some up and downs which a few people can profit at the moment if they are interested in short-term, then as for those who wants to go long-term, they can continue to hold a particular coin for as long as they wish.