In 2017/2018 with the sharp increase in the price to the ATH of $18 000+, people were saying that Bitcoin can never be a currency with that kind of fluctuation and volatility in the price.
In the 3rd & 4th quater of 2018 up to Jan 2019, we have experienced a correction from that ATH and we are seeing much less volatility in the price.
Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency.
You are wrong about it. Bitcoin went down to $4k for the first time in the end of November, which is the end of Q4 2018. Before that, the price was mainly between $6k and $7k. The almost 2x decrease happened fast and btc is now stuck with the new price barrier. So it hasn't been really stable. Moreover, I think that while stability would be good for bitcoin as money, the price should at least reach something like ATH. Before it happens, people will not feel motivated enough to start using the coin. Remember that many investors lost the hell lot because of the bearish trend that came all of a sudden. Bitcoin has to prove that people who kept holding didn't lose, and then we can talk about maturity.In the 3rd & 4th quater of 2018 up to Jan 2019, we have experienced a correction from that ATH and we are seeing much less volatility in the price.
Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency.