Converting a really interesting question and discussion posted by another good member here into a poll so we can actually understand what the popular sentiment is.
ORIGINAL QUESTION/DISCUSSION: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?
Quick notes:
- Steady growth would be a slow and steady advancement, the growth trajectory of a more stable investment
- Spiked growth would be cyclical periods of advances and declines
We can keep the discussion on the original thread, I just think it would be great to get the numbers backing the pages of discussion. Cheers!
Steadily increasing puts a limit to what it can be, if there is steady increases in the price people would calculate how much it would help them and invest, which would make the price go up because people would want steady increases but that would cause a spike in the price. So we can never have steady growth in bitcoin. Spikes on the other hand is possible and currently what we have.
I do not enjoy the lower spikes and higher spikes do not stay for too long whereas low spikes stay for months (and even years once) so it is a nerve wrecking thing. In short, of course we would prefer a bitcoin that gives us basically steady interest rate (in bitcoin) that doesn't change much but that would cause it to spike whereas spikes gives us anxiety on what will happen next.