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Re: What kind of growth would last? Quick growth or slow and steady growth?
by
el kaka22
on 23/10/2018, 10:15:08 UTC
Lol, I don’t think people knows what they want. When there is a fast growth a lot of people complain and say that’s bad and you see them start calling it a bubble and saying it needs a correction. When there is a slow growth you will still see them complain and say the market is very slow and you see a lot of people starts quitting. Quite funny.
I feel you mate! The truth is that a lot of people do not even have the knowledge of the market, let alone be able to wrap their heads around what they really want from this market as far as I am concerned. Usually, the growth that will always last is the quick and steady one, and not just some quick spike upward as a result of FOMO and people getting greedy and in those sorts of latter chances, the possibility of seeing the market enter a deep correction like what we just had recently will always be there.

There is no big growth to be seen since February 2018. The price is almost stuck between $6000 and $7000. If the price bumps like the previous one, it will collapse once again in the next year because such growth doesn’t match market capital and this is the main reason for its collapsing. We should be optimistic and don’t expect any big bump in the coming months. Slow and steady wins the race.
Well, that was simply because the repercussion of the greed and FOMO that happened the previous year actually caused a whole lot of them to not understand that such growth that is driven by speculation is never sustainable because people are getting greedy and at some point when they all start cashing out, of course, what would be expected. Slow and steady growth is the normal growth that would always bring about sanity in the space and not just some greed based growth.