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.
As long as there's demand and supply for Bitcoin it will continue to be volatile, this is the major factor that is driving it's adoption. If Bitcoin price remains static it'll seize to become a store of value because there won't be any demand for it. But if that happens it's value will drop and people will FOMO and but hoping that it will rally, when this happens volatility will start again. Anyhow we look at it so far Bitcoin has a limited supply it'll continue to be a valuable asset because it's seen as a scarce commodity. If something is scarce it's demand will increase and it will always reach ATH.