Slow(er) growth will be the most encouraging.
It would indicate a slow trickle of newcomers and enough liquidity to absorb them at the rate they are arriving. If anything, we're still moving a little too quickly... 15% growth in a matter of weeks seems too hot to me.
It would indicate a slow trickle of newcomers and enough liquidity to absorb them at the rate they are arriving. If anything, we're still moving a little too quickly... 15% growth in a matter of weeks seems too hot to me.
This time, I'm not on the "too hot" side. In fact, I feel somewhat bullish.
Bitcoin has been stable and resilient on many fronts lately, maybe with the exception of the block chain scaling nuisance, but that's not a show-stopper so far. Everything else, though, is a horrible mess! Currency chaos Bitcoin seeks to replace has not done a good job of staying in place lately, and politics around the globe are as erratic as ever. If anything, the need for Bitcoin has increased.
So we have a working system that is stabilizing and returning to growth after its violent birth... that might face increasing demand!
In the end, it depends on whether more people finally "get it," but I think it's reasonable to be bullish just because of the current low absolute BTC value when comparing to its potential.
. There has evidently been a past and there's probably a future.
