Methinks that the increase in bitcoin adoption has done its work in reducing volatility.
it has reduced the volatility but not in this way. this reduction of volatility means it no longer is going to rise from ~$200 to ~$1200 in a month (6x rise). and this current stability is somewhat common. we have had this in the past and pretty soon the rise will start again and a couple of months after that we will see price shoot up again.
but it is interesting to have this kind of dead stable price that lasts months!
Well yeah, going from 200$ to 400$ (increase of 200$) is a 100% increase and going from 1000$ to 1200$ (increase of 200$) is a 20% increase. But I agree, volatile bullish runs followed by non-volatile bearish price movements.
but it is interesting to have this kind of dead stable price that lasts months!
Indeed, it gives me time to buy more bitcoin, as I only found out about it a year ago, which is I may not be knowledgeable about the past:
and this current stability is somewhat common. we have had this in the past and pretty soon the rise will start again and a couple of months after that we will see price shoot up again.