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 ?
Bitcoin is so popular today because the Bitcoin market is volatile. If there was no volatility in the Bitcoin market, Bitcoin would never have reached this price and its price could not be expected or predicted to exceed 500,000 or 10 lakh in the future. Due to dumping and pumping in the Bitcoin market, people can invest in Bitcoin and people can take profit by selling their investments. Therefore, one should not expect a stable situation in the Bitcoin market and if it is stable, then Bitcoin will have no value because if it is a stable currency, people will not invest here and why would they invest because a stable currency will never grow.