This time, the price of bitcoin will rise slowly, it might just rise on average 5-9% a month. That is good for it to be a currency.
The slow rise makes the adoption of the bitcoin easily. The retailers can even mark their price in bitcoin.
Yeah this slow price rise makes adopters and investors having trust with bitcoin because a slow move in price will make bitcoin stable.
What adoption will do price rise... Nothing. It ll keep going up. In addition to all this positive fuzz, people start to realize block halving s behind the corner. So, it ll keep going up, big time.
Yeah with the block halving that is getting nearer and nearer user of bitcoin have a positive input with the effect of the bitcoin and will just enjoy the profit that they will get with the halving.
The price is still below $440. It might take a few more weeks for the bitcoin price to break the $450 range.
The price is above $444 now. I think the price performance is quite good. If it stay above $440. It is a good omen.
Today the price has crossed $450 and counting, so soon the price won't go down to reach $400. I believe the price will stay above $400 for a long time.