Topic: Would you be satisfied with steady, gradual rise of BTC price? - page 3. (Read 610 times)
Honestly, i already satisfied with bitcoin price right now. I see bitcoin price from 2015 it is make big improvement and even we reach it's peak at 2017, but when down it is not really dumped and can be stable like now.
Steady and gradual will NEVER happen with crypto though it would be preferable in many ways.
Never say never 
Birth is not a smooth process. It's a series of contractions. That's what's happening here too.
That's a nice analogy and I tend to agree with you, however bitcoin is 10 now, don't you think the labour part is long over?Sure, in comparison to other, classic assets being 10 is like being 0.1 however a day of birth is also a bad representation.
Maybe this is exactly what we are getting here, following the kid analogy, crypto is becoming a teenager and as such it "decides" its place in life? Still long way to go, I hope and stabilisation is not excluded. It may happen.
This process will level out when enough people have gotten involved. It's still a fraction of the potential userbase involved now.
The bones of the internet got started in the 1950s. It was still thought of as deeply silly 40 years later. When you include money and the innate conservatism of people when it comes to money 10 years is still early days.
Steady and gradual will NEVER happen with crypto though it would be preferable in many ways.
Never say never Birth is not a smooth process. It's a series of contractions. That's what's happening here too.
That's a nice analogy and I tend to agree with you, however bitcoin is 10 now, don't you think the labour part is long over?Sure, in comparison to other, classic assets being 10 is like being 0.1 however a day of birth is also a bad representation.
Maybe this is exactly what we are getting here, following the kid analogy, crypto is becoming a teenager and as such it "decides" its place in life? Still long way to go, I hope and stabilisation is not excluded. It may happen.
For quite some time now, I'm having exactly the same conclusions on your adequate "euphoria and depression" model.
Steady and generally gradual growth, seems like the only way possible. Any other than that fills the market with doubts and uncertainty and those simply can not work well for businesses of individuals. Nevertheless this is free a market, one of the last truly free in fact so it will arrange itself without our help. Whatever its path will be, it's going to be a wonderful study and I found myself lucky to ba a part of it.
Steady and generally gradual growth, seems like the only way possible. Any other than that fills the market with doubts and uncertainty and those simply can not work well for businesses of individuals. Nevertheless this is free a market, one of the last truly free in fact so it will arrange itself without our help. Whatever its path will be, it's going to be a wonderful study and I found myself lucky to ba a part of it.
Steady and gradual will NEVER happen with crypto though it would be preferable in many ways.
What people tend to forget is that every other market they're familiar with has the value they start trading it at either decided by centuries of track record, like gold and silver, or some stock analyst who decides the price that trading begins at.
Crypto's come up from zero. No one knows where it's going to go. No one really knows what it's for. That's a guaranteed recipe for violent volatility and it's playing out exactly like that too. Birth is not a smooth process. It's a series of contractions. That's what's happening here too.
I know there is literally no chance to see this in reality..
I just wanted to see how many people would like and appreciate this model instead of bull runs and bear market 80 % falls ... euphoria and depression --- or how many people are to impatient to wait... and the opinion on benefits of this model to btc system in general., because there are opinions that exactly crazy bull runs attract people to invest, following FOMO and greed..
For quite some time now, I'm having exactly the same conclusions on your adequate "euphoria and depression" model.I just wanted to see how many people would like and appreciate this model instead of bull runs and bear market 80 % falls ... euphoria and depression --- or how many people are to impatient to wait... and the opinion on benefits of this model to btc system in general., because there are opinions that exactly crazy bull runs attract people to invest, following FOMO and greed..
Steady and generally gradual growth, seems like the only way possible. Any other than that fills the market with doubts and uncertainty and those simply can not work well for businesses of individuals. Nevertheless this is free a market, one of the last truly free in fact so it will arrange itself without our help. Whatever its path will be, it's going to be a wonderful study and I found myself lucky to ba a part of it.
I know there is literally no chance to see this in reality..
I just wanted to see how many people would like and appreciate this model instead of bull runs and bear market 80 % falls ... euphoria and depression --- or how many people are too impatient to wait... and the opinion on benefits of this model to btc system in general., because there are opinions that exactly crazy bull runs attract people to invest, following FOMO and greed..
I just wanted to see how many people would like and appreciate this model instead of bull runs and bear market 80 % falls ... euphoria and depression --- or how many people are too impatient to wait... and the opinion on benefits of this model to btc system in general., because there are opinions that exactly crazy bull runs attract people to invest, following FOMO and greed..
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I believe this would be very healthy, it would give enough time for BTC ecosystem to develop further, give sense of stability to institutional investors etc... without euphoria...
I agree with this part. Price stability seems to be a major part in determining the confidence of certain investors.
I personally wouldn't care as much about what short term price movements are though, simply because of the fact that I'm a long term investor, and fundamentals in the long run is what will drive growth. That includes the actual network and its developments, adoption rates, institutional adoption, etc. that are completely unrelated to how prices move in the span of months or even years. So I really don't care whether or not prices go up by x% in a certain amount of time.
However, your model likely won't pan out in the real world. People don't look at fundamentals when trading in the short term, rather, emotions play an extremely big role. That's why you see pumps like the one that we saw that took BTC from $4k to $5k, due to FOMO. You're going to see cycles of rallies and corrections, instead of steady growth.
I think I've decided that I don't actually like bubbles all that much. The behaviour becomes incredibly obnoxious, what pumps is ever more stupid and insulting and if you want to actually benefit from the hysteria then if you try to exchange something your trade might fall apart or not happen at all. The aftermath is of course where you pay the real price.
However it's as inevitable as the sun rising every morning. It's how our minds work. The only thing that'll change it will be ubiquity and even then the fixed supply situation may ensure it keeps on happening.
However it's as inevitable as the sun rising every morning. It's how our minds work. The only thing that'll change it will be ubiquity and even then the fixed supply situation may ensure it keeps on happening.
Although I don't believe that will be the case, and althought we all know that development of BTC price is all but predictable and linear, so there is no chance for this to happen, I would like to ask, hypothetically, what is your opinion on this (im)possible scenario:
Would you be satisfied with steady, gradual rise of BTC price? e.G. 500 per month in 2019.
Something like this:
1. May 5000 USD (let's suppose that BTC had finished its price growth for this month on 2nd of April :-)
1. June 5500 $
1. July 6000 $
1. August 6500 $
1. September 7000 $
1. October 7500 $
1. November 8000 $
1. December 8500 $
1. January 2020. 9000 $
Let's suppose that, thanks to forthcoming halving in May, from this moment on, price grows 1000 USD per month.
so..
1. February 2020. 10000 $
1. March 2020 11000 $ (so on March 3rd 2020 I could re-open this topic after 15 months https://bitcointalksearch.org/topic/m.25663426)
1. April 2020 12000 $
1. May 2020 13000 $
So, at the month of halving, the price would be around 13700 $.
After that, another speed-up, and on 1. January 2021 the price could be e.g. 25-30k $.
I believe this would be very healthy, it would give enough time for BTC ecosystem to develop further, give sense of stability to institutional investors etc... without euphoria...
Would you be satisfied with steady, gradual rise of BTC price? e.G. 500 per month in 2019.
Something like this:
1. May 5000 USD (let's suppose that BTC had finished its price growth for this month on 2nd of April :-)
1. June 5500 $
1. July 6000 $
1. August 6500 $
1. September 7000 $
1. October 7500 $
1. November 8000 $
1. December 8500 $
1. January 2020. 9000 $
Let's suppose that, thanks to forthcoming halving in May, from this moment on, price grows 1000 USD per month.
so..
1. February 2020. 10000 $
1. March 2020 11000 $ (so on March 3rd 2020 I could re-open this topic after 15 months https://bitcointalksearch.org/topic/m.25663426)
1. April 2020 12000 $
1. May 2020 13000 $
So, at the month of halving, the price would be around 13700 $.
After that, another speed-up, and on 1. January 2021 the price could be e.g. 25-30k $.
I believe this would be very healthy, it would give enough time for BTC ecosystem to develop further, give sense of stability to institutional investors etc... without euphoria...
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