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Author Topic: Bitcoin maturity ?!What do you think?  (Read 299 times)
Quidat
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October 08, 2020, 08:59:47 PM
 #21

Who knows but basing of on the current movement then its not likely we would be heading that level. Pulling out 37,000 BTC on Bitmex isnt really just a solid thing for us to
panic or for the entire community to be concerned on.There might be sentiments that do affect these kind of decisions but it wont really be enough to drive down the entire market.
For now i dont know about that maturity thing yet price had been always unpredictable.

Any pullout of huge quantities like these arent really something new into this market yet in the end of the line those funds would just comeback into crypto market.
Lets just see on how this market goes in future years.
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October 08, 2020, 11:59:14 PM
 #22

If Bitcoin is entering into maturity stage, it should be from an infant to a toddler stage. The adoption is still very low and use cases are still scarce. I think is too early to state that Bitcoin is entering its maturity stage, it will definitely come but will take some time. I want to see what will happen in the next decade to digital currencies
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October 09, 2020, 01:45:58 AM
 #23

Bitcoin has already passed its maturity stage, it has had its accumulation stage approximately from 2014 to 2017 when it started its first bullish trend, then it reached its ATH, where it completed its Distribution stage, went through a bearish trend and is now in a stage. accumulation, re-accumulation according to Wyckoff (My personal analysis) and later we find ourselves in a year 2020 with many fundamentals, however Bitcoin has reacted much better and faster than other speculative markets. For me, there is the maturity of bitcoin.

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October 09, 2020, 11:21:44 AM
 #24

Well, I'm not sure how we measure maturity in Bitcoin. 10 years, 20 years, or 50 years. It for sure is not the way we measure it but instead of looking into adoption.

Because for me, we are too far from that maturity thing, IMHO.
10 years in the market isn't yet a time to say that Bitcoin is already reaching its maturity period. We are still moving forward to its peak, we are near to huge adoption, another 100 years maybe we could say that. In fact, not all have already known about Bitcoin until now, a thing that will make me say that we are too far from it.

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