Post
Topic
Board Economics
Re: Would you rather see steady growth in Bitcoin or strong upward spikes instead?
by
Zalura
on 20/12/2018, 00:24:15 UTC
I think that most people would prefer a steady growth, like the one that we're seeing now when the price slowly recovers after a correction. This won't continue though. Once the steady growth continues for a while people will start seeing that whoever bought a week or a month ago made money and they will start rushing in like a herd of sheep. You could see this situation happen in 2017 when it broke $1000 and started to gain momentum to finally end up with gains of $1000 per day.
rising prices are slowly stronger than rising sharply and falling again, maybe traders are more challenged if prices start wild because we can attract a lot of profits, because prices do not always rise, sometimes prices must experience a saturation point and a decline, trade currencies bitcoin needs motivation that can increase purchases in large quantities,  so that the market can grow quickly.