the real thing about bitcoin though
is when bitcoin had its last lag period the price only moved up and down by a couple dollars in an hour
now it moves buy a couple hundred dollars in an hour
so in your example of the era of a base level of $20k vs base level in the future of 50k. the 20k moving by only 1k would be equivalent to the 50k moving by 2.5k
why stop there, if bitcoin was $200,000 then it would be moving by $25,000 per HOUR does that seem reasonable to you? i would expect a decreasing volatility with higher bitcoin prices. but maybe i'm wrong but how could bitcoin survive like that?
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just remember small minnow traders. dont buy whole coins where they are pushing up the price by spending larger amounts more per order as the price rises. whats actually happening is the sellers are offering smaller decimal amounts for the same small amounts
but as the price rises, the volatility in general should be going down. thus making bitcoin less attractive to a speculator or someone just looking to day trade it. not saying that's bad. just the way it should work out. so in reality, people should be happy bitcoin is way off of its ATH if they are day trading it. right?