It might have helped a little bit. One of the major problems of Bitcoin as a currency is its volatility. Huge spikes mean huge corrections. If its growth had been smoothed out, it should follow that there will be fewer and less extreme corrections. Explosive price rallies also tend to worry people because they've been conditioned to think that if something is too good to be true, it probably is.
Still, at some point, a slow and steady rise is also going to be getting bubble comparisons. Bitcoin would still be speculative, and it still wouldn't be backed by anything. In the grand scheme of things, I don't think it would have made much of a difference -- just that everything we've experienced thus far would be stretched across a longer period of time.
Topic: Should bitcoin have risen a little slowly? - page 17. (Read 1373 times)
Hi,
Actually I think the problem is not just the rise. It is also all that moments during which bitcoin goes down.. Nobody knows why, or to which extend but suddenly everyone fears to lose everything. And panic sell. So the price goes down again!
The issue of volatility regarding bitcoin is real and should indeed be dealt with. But the point is that the principle is to get rid of any control authority. Without control, erratic moves seem logical. So what?
For most government, I think volatility is rather an excuse than a real concern. They don't want to hear about currency allowing people to remain anonymous and preventing them from the effects of any authority.
For the people, though, volatility may be a real concern. For the moment, the only answer that can be provided is "only invest what you can afford to lose". I understand that this can be perceived as risky...
Actually I think the problem is not just the rise. It is also all that moments during which bitcoin goes down.. Nobody knows why, or to which extend but suddenly everyone fears to lose everything. And panic sell. So the price goes down again!
The issue of volatility regarding bitcoin is real and should indeed be dealt with. But the point is that the principle is to get rid of any control authority. Without control, erratic moves seem logical. So what?
For most government, I think volatility is rather an excuse than a real concern. They don't want to hear about currency allowing people to remain anonymous and preventing them from the effects of any authority.
For the people, though, volatility may be a real concern. For the moment, the only answer that can be provided is "only invest what you can afford to lose". I understand that this can be perceived as risky...
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
Actually the erratic rise and fall of bitcoin is not the factor why some of the countries don't accept the use of bitcoin or any cryptocurrency. Its the mere fact that BTC and other Altcoins are decentralized, thus regulating it is their problem especially those who's in the government.
My prediction is that Bitcoin will raise slowlly but it will very constructive and stable. Anytime Bitcoin can go high rate.
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
I like a steady rise, but that's not going to happen because it is a highly volatile anytime it could go down or crash with just a little bad news yes you are correct, the sudden rise make people afraid that it is going to come down again, because that was indicated in Bitcoin's history but we can do nothing about it because we have no control.
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
Yeah, I believe that in near future the price of bitcoin. Because we all know the price of bitcoin high and low. But we believe it became risen slowly until they reach the right price.
Bitcoin rose fast but right now, it's pretty slow. Just some days or weeks ago, there was a big dip in Bitcoin. There are many more coins out there so they shouldn't just be worried about Bitcoin. Moreover, the value of investing in Bitcoin is too high now. Many people are more open to investing in other coins which have a low selling price so Bitcoin's growth is slower these days and more gradual.
Markets based on Supply&Demand are not predictable and cannot be forced to react in a specific way. If you manage these kinds of markets, then you can take advantage of the volatility to make a lot of profits. There are currently a lot of uncertainty in some markets like South Korea and China and even political instability in the USA.
The result = lower prices for Crypto currencies. ^sad^
The result = lower prices for Crypto currencies. ^sad^
The way it grew to reach new ath in the past is not at all an issue with the ongoing price drop. By those days the price of bitcoin increased with regards to the large scale adoption. Right now the regulations keep services accepting bitcoin away from the cryptocurrency. So the circulation has dropped drastically causing price drop.
It is the best cryptocurrency but its growth has been slow,some time it crash.
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
They who know about bitcoin I feel they was understand bitcoin prices are very volatile. I means bitcoin prices can go up to a few dollars just a week. For example last week, at beggining of the week bitcoin prices dropped to $9000 but on weekends bitcoin prices have gone up to $13,000. This is a characteristic bitcoin price everyone should recognize it. Because bitcoin prices can't be regulated by a party, but bitcoin prices depend on supply and demand, so just the user of bitcoin which can be affected bitcoin price.
If bitcoin was much slower in price growth and not so quickly soared in price, this would largely solve the problems of crypto currency. Now bitcoin takes on most of the investments that could go to support the altcoyins. Moreover, these investments harm both to bitcoin and crypto currency in general because they are based on speculative speculative demand. Because of this, there was a general negative attitude towards the crypto currency and bitcoin in particular as a bloated financial bubble that could someday burst and therefore some states began to regard the bitcoin with suspicion and even with some hostility.
I think the growth of BTC has been slow!
Imagine the number of people involved in BTC worldwide!
The price of BTC is the market decision!
Technical updates to BTC also affect prices.
All this surface BTC is growing steadily!
Imagine the number of people involved in BTC worldwide!
The price of BTC is the market decision!
Technical updates to BTC also affect prices.
All this surface BTC is growing steadily!
I think bitcoin is still on the process of stabilizing the market price value and definitely it will rise soon but on a gradual phase. Just hoping that the rise of bitcoin will continue to go on the upward trend on the coming weeks.
Before 2017 the pump that occurred by huge investors did a great lose to bitcoin holders especially those who were naive to know that wasn't the real price of bitcoins. Now is the real price of bitcoins , it should be increasing at a slower rate based on mining difficulties and other factors but not the way it did last year.
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
No, the problem in here is that bitcoin had a drastic change on the price on December, and that was not natural my friend..
Just look at the charts, and tell me.. Do you really think that a "pump" from $7,800 to more than $19,500 in just one week and two days are "normal"?
It is not, and that was the main thing of why a lot of whales decided to take profit in there.
So what do we have now?... Of course, we are on a death market right now, but it is still normal just like it was before (one month ago i mean, maybe)
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
For now we cannot assure on how it would rise or even fall. Yes, it is true that there are so many who are looking unto bitcoin, that even government does and also private sectors to have a share on it but I do not think this would really affect the stakes of bitcoin now but rather would stay still as long as no one manipulates to do it so.
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
It’s already too late. Bitcoin will always scare retailers now. It’s volatility will always be a problem for retailers and a bigger problem for companies like BitPay.
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
No, the problem in here is that bitcoin had a drastic change on the price on December, and that was not natural my friend..
Just look at the charts, and tell me.. Do you really think that a "pump" from $7,800 to more than $19,500 in just one week and two days are "normal"?
It is not, and that was the main thing of why a lot of whales decided to take profit in there.
So what do we have now?... Of course, we are on a death market right now, but it is still normal just like it was before (one month ago i mean, maybe)
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
No, the problem in here is that bitcoin had a drastic change on the price on December, and that was not natural my friend..
Just look at the charts, and tell me.. Do you really think that a "pump" from $7,800 to more than $19,500 in just one week and two days are "normal"?
It is not, and that was the main thing of why a lot of whales decided to take profit in there.
So what do we have now?... Of course, we are on a death market right now, but it is still normal just like it was before (one month ago i mean, maybe)
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