I wanted to see what the general thoughts of the community here are. With bitcoin being in a pretty steady state for the past few weeks, it seems like there's going to be a set up for some kind of growth. With that, there can be many paths, but after seeing today's price (which was up around 5% when I checked), I was wondering if the volatility is what people actually like about bitcoin.
So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?
I will prefer for bitcoin to grow in a more stable manner, people are very afraid to invest in an asset or a currency that moves like bitcoin and this is making the adoption to grow more slowly than it should, I know this gives an advantage to those that are willing to hold and buy bitcoin despite the volatility but it is getting to the point that we could win a lot more if people decided to invest in bitcoin instead of staying on the sidelines.
However I see this as an investor and long term holder I am sure that a trader would see this differently and will like for bitcoin to keep moving the way it does so he can take advantage of the volatility and make a lot of money that way.
Yes that is too much important I think. I hope that if bitcoin will continue increasing its price in a steady manner then no doubt that bitcoin price will remain too much stable and we will not see any crash in bitcoin price. I hope that if it will continue increasing with the current price it will be too much good for the market.