Interesting input. I wonder, though, if the price of bitcoin increases and stays within the range of $10-12000 by next year, do you think that it will encourage people to join the crypto world, and would companies be enticed to start accepting bitcoins as well?
About next year no one can tell how much high it will go but it all depends on 2018 closing price, as this price only will be decided for the next year price. About stable price if it continues then i think traders wont be happy and long term investors will start to take profit as they are seeing the price is getting stable
I think with more stability comes more credibility. A 100% increase in a year is still far better than most stocks or currencies so bitcoin would still be a good investment. A stable price also would alleviate a lot of the worries of institutions. I do agree that we'd see less traders in the space and people collecting their profits but they'd be replaced by others in due course. Bitcoin doesn't also need to be traded much if at all in order to fulfill its design as a currency not an investment vehicle.