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)
Absolutely spot on. Steady move is good for bitcoin and it helps to understand people that it is not just a pumping shit, it has a good and strong value which can remove fiat and can be acceptable as a payment system.
Talking of payment bitcoin needs to reduce the transaction fees so that anyone can use bitcoin.
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