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 would definitely prefer on this way rather seeing a volatility spiking up $10k to 20k in a short span of time. Gradual increase and less volatility would be much preferred and
might be considered to be adopted my merchants or any other institution but I doubt situation would be just be the same when it comes to volatility since the demand had
increased.This do only have the problem with scability.
The problem in short span is that it is temporary and will reverse again after some time like the previous one. The price jumped from $4000 to $20000 in just four months and then collapsed and came to $6000 and still stuck there. No growth and no positive trend in the market have seen for several months. Slow and consistent growth is better than quick and big growth