Topic: POLL: Would you rather see Bitcoin price grow steadily or in spikes? - page 2. (Read 760 times)
November 28, 2018, 12:57:29 AM
Price spikes can be profitable to the daytraders but if you are coinholder, steady growth is preferrable. But the crypto market has a price cycle to follow so it won't going to have a steady growth. The growth of every cryptocurrency is also affected by supply and demand and some possible price manipulations by the big investors or whales.
November 24, 2018, 08:15:14 AM
Definitely slow growth. I'm not here to cash out short term profits on the way up, which means that spikes have no value to me at all. I have a long term goal in mind I am working towards.
Most of the people you see complain about the current bear market are here solely for the profits. These people were also complaining about the market being boring because of how it kept hovering between $6000-$7000.
What's happening right now is that we see the real hodlers seperate themselves from the short term profit chasers, and this is very much indicating that we might be near the bottom.
From $20,000 to $4000 is an 80% correction. 90% corrections aren't unusual for crypto, but is it really worth waiting for something that might not happen? The risk to reward ratio is heavily biased towards the up side.
Most of the people you see complain about the current bear market are here solely for the profits. These people were also complaining about the market being boring because of how it kept hovering between $6000-$7000.
What's happening right now is that we see the real hodlers seperate themselves from the short term profit chasers, and this is very much indicating that we might be near the bottom.
From $20,000 to $4000 is an 80% correction. 90% corrections aren't unusual for crypto, but is it really worth waiting for something that might not happen? The risk to reward ratio is heavily biased towards the up side.
November 24, 2018, 07:43:59 AM
I want to see the price of bitcoin in spikes which can able to make more profit unlike in steady price. If there is an steady market its hard to gain profit and its very hard to know if you will buy in a dip. So basically, I would rather choose spikes price than steady price.
November 24, 2018, 05:55:52 AM
Converting a really interesting question and discussion posted by another good member here into a poll so we can actually understand what the popular sentiment is.
ORIGINAL QUESTION/DISCUSSION:
Quick notes:
We can keep the discussion on the original thread, I just think it would be great to get the numbers backing the pages of discussion. Cheers!
Steadily increasing puts a limit to what it can be, if there is steady increases in the price people would calculate how much it would help them and invest, which would make the price go up because people would want steady increases but that would cause a spike in the price. So we can never have steady growth in bitcoin. Spikes on the other hand is possible and currently what we have. ORIGINAL QUESTION/DISCUSSION:
I wanted to see what the general thoughts of the community here are. With bitcoin being in a pretty steady state for the past few weeks, it seems like there's going to be a set up for some kind of growth. With that, there can be many paths, but after seeing today's price (which was up around 5% when I checked), I was wondering if the volatility is what people actually like about bitcoin.
So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?
So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?
Quick notes:
- Steady growth would be a slow and steady advancement, the growth trajectory of a more stable investment
- Spiked growth would be cyclical periods of advances and declines
We can keep the discussion on the original thread, I just think it would be great to get the numbers backing the pages of discussion. Cheers!
I do not enjoy the lower spikes and higher spikes do not stay for too long whereas low spikes stay for months (and even years once) so it is a nerve wrecking thing. In short, of course we would prefer a bitcoin that gives us basically steady interest rate (in bitcoin) that doesn't change much but that would cause it to spike whereas spikes gives us anxiety on what will happen next.
November 23, 2018, 05:04:07 AM
We had our best performance when people could invest $1000 today and then sell it for say $1100 the next day. An investment is attractive when there are constant upwards movement in the price.
A sudden spike only draws speculators with trigger fingers and they dump coins at the slightest drop in the price. We have seen that, when the correction phase started in Q1 of this year.
Bring back slow, but constant growth and Bitcoin will succeed.
I think all investors want it to happen, they certainly can easily get profit because of the constant growth that exists, but in fact the price of bitcoin is very volatile and unpredictable, prices sometimes will stabilize and sometimes change very quickly, we can just lose and can profit A sudden spike only draws speculators with trigger fingers and they dump coins at the slightest drop in the price. We have seen that, when the correction phase started in Q1 of this year.
Bring back slow, but constant growth and Bitcoin will succeed.
November 23, 2018, 04:42:32 AM
Stable growth is usually long-term, which helps investors find confidence. Crazy growth is conducive to the promotion of cryptocurrency. Many people have the idea of getting rich overnight to enter cryptocurrency. Usually stable growth, coupled with explosive growth, will allow cryptocurrencies to enter the bull market, and many investors will enter crazy investments.
November 23, 2018, 03:39:10 AM
A sudden spike will show that the market is full of manipulation and usually it will end up with correction, the spike growing situation wont be too respected by the investors, but the traders will be happy with this situation, while slow but sure growth will show that there are more people interested in crypto this situation, and it can attract more investors, so I prefer the grow steady situation
November 22, 2018, 07:39:46 PM
I am prefer choosing steady growth. Its good for our psychology and more people will join in market if bitcoin have steady growth. Steady growth give others project to grow and its will be a good market to investing our money
November 22, 2018, 12:34:02 PM
We can keep the discussion on the original thread, I just think it would be great to get the numbers backing the pages of discussion. Cheers!
Steadily or gradual increase is what most people do really like to see about because this signifies high level of adoption of btc but talking on full scale adoption I don't see for the price
to head or behave like that.Imagine, having active transactions on daily basis on huge volume I don't really see for the price not to be volatile.
Long term investors + Merchants= Always considered on this one
Short term traders/scalpers = Would always prefer on high spikes due to fast profitability.
November 22, 2018, 12:16:14 PM
Any growth would be nice right now.
But if I had the choice of growth type I'd go for steady since any stable currency or economy needs smooth and steady movements.
But if I had the choice of growth type I'd go for steady since any stable currency or economy needs smooth and steady movements.
November 22, 2018, 10:48:22 AM
I think we should sell our cryptos when the prices are spiking,the next day the prices might go higher but still we made the profits from our investments but selling at the steady market looks like not profitable and also the prices may go deeper in the next days,so sell your coins when you made some profits only if you are a trader.
November 22, 2018, 10:08:16 AM
It really depends on who you are asking. If you are an investor who does not monitor their investments and is looking for a one time earning you would probably like a steady growth on the asset. But for traders it will be ideal for them to see a spike growth for Bitcoin, this is favorable to them as they can always short sell BTC in order to accumulate more. The traders right now are probably earning from BTC consistently as they are buying and selling it at a profit based on the current movement of Bitcoin. I personally like BTC's movement now as I have no plans of adding more cash into the market that is why I always short BTC when the opportunity arises.
November 22, 2018, 09:48:01 AM
I'm not going anywhere, so I'd prefer a slow but steady growth. This would also be more beneficial to Bitcoin's usage as a currency or store of value, rather than being the high-risk high-reward kind of asset it currently represents. Profits are nice, but I want a long-lived technology as well.
It can't be denied though that Bitcoin's growth spikes are what lead to its popularity in the first place. Volatility and drama catches more eyes than reliability. As such I think of Bitcoin's growth spikes as a necessary evil until we've reached widespread adoption.
It can't be denied though that Bitcoin's growth spikes are what lead to its popularity in the first place. Volatility and drama catches more eyes than reliability. As such I think of Bitcoin's growth spikes as a necessary evil until we've reached widespread adoption.
November 22, 2018, 09:41:24 AM
I really want the price of bitcoin to grow steadily and slowly. This shows that they have a great deal of loyal investors and they will hold on until the other guys are out of bitcoin. It will grow forever and will create more confidence for the traders.
it's true and I also like you prefer bitcoin to grow even though it's slow, because with the growing bitcoin prices, more and more investors believe again that bitcoin is a coin that has high potential and has a bright future November 22, 2018, 09:36:25 AM
Don't want to sound negative, but we're seeing what the growth in spikes is doing to Bitcoin. Although developments are going on, looking at the price between November 2017 to November 2018 one has to really wonder if any real adoption did happen in this time frame or just mere speculation. Speculators don't care about utility, volatility is what matters to them and a highly speculative Bitcoin market would simply be prone to crashes at regular intervals making it not even a reliable store of value.
What we need is a steady sustainable growth based on functionality and utility which would minimize the speculative/risk factors making Bitcoin more suitable for wider adoption.
What we need is a steady sustainable growth based on functionality and utility which would minimize the speculative/risk factors making Bitcoin more suitable for wider adoption.
November 22, 2018, 09:08:02 AM
Converting a really interesting question and discussion posted by another good member here into a poll so we can actually understand what the popular sentiment is.
ORIGINAL QUESTION/DISCUSSION:
Quick notes:
We can keep the discussion on the original thread, I just think it would be great to get the numbers backing the pages of discussion. Cheers!
ORIGINAL QUESTION/DISCUSSION:
I wanted to see what the general thoughts of the community here are. With bitcoin being in a pretty steady state for the past few weeks, it seems like there's going to be a set up for some kind of growth. With that, there can be many paths, but after seeing today's price (which was up around 5% when I checked), I was wondering if the volatility is what people actually like about bitcoin.
So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?
So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?
Quick notes:
- Steady growth would be a slow and steady advancement, the growth trajectory of a more stable investment
- Spiked growth would be cyclical periods of advances and declines
We can keep the discussion on the original thread, I just think it would be great to get the numbers backing the pages of discussion. Cheers!
Of course it would be a steady growth. What should it mean if the price of it spiked upwards but would also suddenly spiked to go down?
November 22, 2018, 08:53:53 AM
Anyone who says spiked growth does not have the best interests of bitcoin at heart or at mind, they only care for themselves and their short term profitability. If bitcoin can grow slow and steady it can gain mass adoption, that's the ideal for bitcoin adoption and also for profitability, it won't be some flash in the pan wealth that lasts a year, it will provide lasting wealth.
November 22, 2018, 08:51:25 AM
I would rather choose bitcoin price grow steadily because you will know already the profit you can earned once this become stable and I think we can use it effectively in buying online through the use of bitcoin. But there's always a side effect if this become possible there would be know investors invest with bitcoin because it is now stable therefore their bitcoin become stable also that's why they can't generate bitcoin if this become stable.
November 22, 2018, 08:43:36 AM
I am happy with the current trend of the poll as the voters have almost unanimously voted for the steady growth and that's how it should be. The sudden overnight growth is beneficial for the big whales and institutional investors as it gives them quick profit without employing their capital for a longer period. However, as far as the growth of the sector is concerned, there is no option to the steady growth of it over the period of time.
November 22, 2018, 08:21:46 AM
I prefer to have a slow and steady growth rather than an explosive and completely unpredictable bitcoin growth. Both are growth in their respective terms, though the risk is minimal on the former compared to the latter. Knowing that I am a systematic and somewhat slow person in terms of investment, I'll gladly just leave my money on something that I know will appreciate instead of stressing myself out on late-night market actions. It's also preferred by most people on the sidelines, and that's no speculation too.
Jump to: