I'm just curious. The beauty of investing in bitcoin or any other crypto is in it's volatility. Volatility makes smart investors to study the market trends- know when to buy and also when to sell in order to maximize profit. The value of bitcoin is basically based on it's acceptability - as more and more countries adopt bitcoin and maybe build a reserve for it, it's value will definitely increase. However if bitcoin is generally adopted worldwide it's prize will become more stable and the volatility factor that investors leverage upon will fade. While it's possible that at this point the price may be $500k or more but this same price will become more stable and conversely not a very good investment option. Someone may say why has the price of gold not stabilized- well gold is physical and it's physical usage may increase. There are only 21million bitcoin that will ever be, but converting these to it's smallest unit (Sat.) and dividing it among the world's population is more than enough for everybody (approx. 300k sats), which further buttress my points on bitcoins potential stability with general acceptability.
If the price will ever stabilize, what are the factors we need to look out for as investor to know that the time has come for us to apply extraordinary wisdom ?
We know that Bitcoin was not meant to stable, volatility has been a thing for Bitcoin and as a matter of fact I don't think anyone will be expecting a volatile asset to be stable just like that, I know sometimes we think in a wide range to get the comments on what people thinks about the subject matter, just as you said the beauty of individuals considering an investment in Bitcoin lies in it's volatility meaning that many bitcoiners are into it because they knows what volatility can do, that's to say price can drop and rise at anytime and I believe that's the hope of many investor and also the reason they got the courage to invest in Bitcoin in the place, op don't you also think that if Bitcoin becomes stable, it may scare people away from investing in it.
I think volatility is even the reason why Bitcoin is still in existence so why will I even think that Bitcoin price will be stable, if I should think that way that's to say that am trying say that Bitcoin purpose of existence should be defeated.