Quote from: Sithara007 on November 09, 2019, 09:37:28 AM

Quote from: Naida_BR on November 09, 2019, 07:42:02 AM

Exactly. The price seems to be stabilized and i think that now it is very difficult to grow in value a lot.
The market has been saturated and the investors know the exact value of Bitcoin. Only a rare event - war, economic crisis - might raise the bitcoin price higher than the already reached levels now.

One the price stabilizes, it will start the upward journey. Theoretically, the exchange rate of Bitcoin will never be stable, because the USD is a currency that is prone to inflation and BTC is a currency which is protected against inflation. So ideally the exchange rate for BTC should increase with time. Also, another thing to remember here is that the number of new users is increasing at a rate of 80% to 100% per year, while the number of coins is increasing at a rate of <3% per year (and will be even lower next year, thanks to the block reward halving).

Or we can say that the time is far away from present when bitcoin will become stable. stability is also not the demand of present time. We all want bitcoin to be as volatile as it can because that is the only way with which profits can be earned. The number of users were expected to increase from the beginning because the we cannot stop beneficial innovations from getting fame. The future of bitcoin is indeed a bright one.