...2013-2014 when the first big drop happened...
Do you mean the fall from $1200? That was hardly the first big drop.
The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.
Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.
There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.
Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.
Well said. Bubbles and crashes are normal things in trading. So I think when the demand are exhausted we can see some decline in price. But as what the other member said, there is still more people who are eager to buy BTC at the current time. So we can expect either a stay or a bit more increase in price.
all those people (services, businesses and holders,...) are actually selling their coins. you can see that on exchanges and that is a fact nobody can deny.
but the only thing that can determine the price is how many are buying and how many are selling. classic supply and demand.
right now there are more people buying than selling and this will only go up in the future because more people who are new are coming in.
aka more demand higher price eventually moon!
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