Is there anyone else on this forum who is solely interested in what is best for bitcoin and not necessarily just it's price going through the roof? I suppose if it's price does rise high that would be a good thing for bitcoin, but not always. If it shoots up too quickly because of hype or what have you it could collapse like it did before. However I do believe that if the price crashes all the way back down like it did in 2013 it will only strengthen bitcoin even further, just like it did in 2013. However that doesn't mean that's what I'm hoping for.
I'm rooting for a slow and healthy climb like we've seen the past two years. I don't want to see a $2000 bitcoin by February, only to be followed by a $200 bitcoin in March. What are your guys' opinions?
though im hoarding alot a coin, i dont care much for the price drama. i dont even look at the price unless i have been prompted by other people drama.
those that understand bitcoin and in it for the long haul dont care much either. but i do have to agree a steady progressive price is better than a rampant price rise.
but with that said the up's and downs are to be expected.
if you are a trader do not panic/cry when the price drops. think of it as a discount day to buy more while cheap. if the price jumps treat it as a bonus day to sell at profit to then buy in later when it settles back down.
if your not a trader, then dont worry about the price
I m a trader therefore I do care about price movements but only really to the extent that I can take advantage of them to acquire more BTC to HODL..
I am never concerned about trading to make more $ or cny or monero, eth, dash, etc... They are all just a vehicle to make more BTC..
Though I do believe BTC will eventually go up in price very high to $10k and beyond, I am mostly in the crypto game for its libertarian/anarchistic ideals of taking power away from banks and governments..
Edit.. But, I would like to add that I do think that a higher, much higher price, is instrumental to the widespread adoption of BTC because we need a bigger marketcap and more liquidity to stabilize price and cut down the volatility..
Volatility hampers real world use and I believe that a larger market cap is what we need to become less volitile..
$100 swings right now are devastating volatility but if BTC were $10k then $100 swings would be much more negligible..