Should bitcoin have risen a little slowly?

[mx667]

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Actually, we totally cannot predict what the price of Bitcoin can be in the future. So all we can do is assuming some statement that actually still uncertain. The up and down of the price of Bitcoin is very normal and usuall. It is happen all the time and people still debating about what cause the price of Bitcoin always changing. But for me, it actually does not matter me that much. That is because all I do is long term invest. So I only care about the final result. One thing is for sure, with the up and down of the price right now, the price of Bitcoin will recover sooner or later. It will be fine with the time goes by. We just need to be patience.

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[Gastotade]

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.

Yes that will be much better if you consider the safest way to earn profit. But, bitcoin do not have the capability or assurance to do that because it is very volatile. If it would increase at a steady rate it will be only similar to stocks. Because of that, bitcoin will suddenly lose its popularity because it is not unique anymore. I like bitcoin the way it is today because it has the capability to make the poorest investors rich.

It is possible in long term investments, we already see how bitcoin increases before, it might be a crucial year for bitcoin but it can increase its value sooner. If we believe in crypto, then investing in BTC still works.

[eaLiTy]

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 is a really difficult case to say when it comes to a new technology , whenever there is a mass adoption the price is supposed to grow higher and with limited amount of coins it was bound to go higher with new users and it has come down to a situation when there was a lot of interest in it all of a sudden and so is the reason the price started growing rapidly in a short amount of time, i would like to see a stable growth but for that it will take some time.

[buypermajun]

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[DAVETUN]

A  slow steady rise is quit better and more realistic  than a speedy rise without a major reason reason looks more like a ponzi/ gambling platform,  with a staedy rise more permanent investors are sure to join the community, and this will sure increase the acceptance level.

[mOgliE]

Hi,

I don't think this would change anything, actually.

On the one side, let's look at people's reaction. Some may be scared of bitcoin due to the erratic trends, but others see it as an opportunity. There are many people joining the community for the thrill of trading and potentially wining quite big amounts.

On the other side are the governments. They cannot see bitcoin in a friendly way because of the mere principles of bitcoin: allowing people to get rid of control, and do whatever they want as trading without having to decline their identity. For the government, this is a threat. And the rise or fall in prices are just arguments to try to prevent people from getting involved into bitcoin.


So... If such erratic trends were not... I guess the community would be different, indeed, because people involved would not have the same mindset... But I don't thnk this would change the importance of the community, and I am completely sure it wouldn't change the opinion of governments!

[yvesp110]

A  slow steady rise is quit better and more realistic  than a speedy rise without a major reason reason looks more like a ponzi/ gambling platform,  with a staedy rise more permanent investors are sure to join the community, and this will sure increase the acceptance level.

Bitcoin is though volatile in nature but not as much as altcoins are. Altcoins badly lower down in prices even in few hours just because they don’t have large support in the market. Bitcoin is the one which is increasing and decreasing in the value over long time period. I am sure that in the coming days, the market value is going to jump but again the leaps will be short and not too high. I like this about bitcoin.

[thoangthoang]

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[komissa]

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.

That rise from $7000 to $20000 did more loss to bitcoins than profit. Most of the big investors withdrew their investment for higher profits at that level and thus prices crashed.

[Just John]

Bitcoin now will not increase as suddenly as it did last year, it will more than likely rise so slowly that people will not even understand or know that we are going into a bull market and that is the best way I believe.

[Techie5879]

Yes, a slower rise would have been much more preferable than the sudden pumping that we witnessed during the December-January period. It rose to almost $20,000 from around $8k. This is what causes instability in the market, which we can see clearly nowadays due to the continued fall of bitcoin, right from $20k to around $7k now. It did spike a bit in march to around $11.5k, but now its again back to its position at ~$6900-$7k. Due to this continued downtrend, some analysts have speculated that we are actually in for a long downtrend like the 2014 one, lasting ~8 months to maybe even 1.5 years.
However, the more recent opinion has been that Bitcoin's market strength is actually going to reverse somewhere in mid April, after bottoming in the first 1-2 weeks of April, and then have a spike like the 2013, as the market is showing more similar behaviors to that than the 2014 trend. It is now speculated that bitcoin might just rise to $50k for a brief while, and then there might be a downtrend, which would end up remaining stagnant at $10k for maybe 5-12 months, and this would still be profitable for most, as that $10k would be a much higher exchange rate than the current $6.8k-$7k

[proTECH77]

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 think this reason has a role or two to play in the current bitcoin situation. The pace at which the bitcoin rose late year, gave  enough reason for crypto in general to be looked into, which I believe gave the government a negative insight on cryptocurrency.

[tiogiamydi]

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[Snaic]

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.

Absolutely right. If the price of bitcoin grows slowly and will correspond to the qualities and new functions that are being improved in it, then it will successfully develop and grow. However, if it rises in price sharply on the basis of speculative speculative demand for it, as in December last year, then the same troubles as now, it is expected in the future. And such another unpredictable rise in price may end the next time for him very badly and he can afterwards practically depreciate.

[SnapDown22]

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 is now increasing despite the slight price, and I think that's what the investors expect because we also know the last three months have decreased drastically enough

[juragane]

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.

yes bitcoin has a very slow price increase, you should be able to enjoy how the current bitcoin movement because its price is still very slow to do bitcoin price recovery which means still stable and suitable to buy as much bitcoin as you can.

[50ouncebrew]

Well yea, it's true that if bitcoin had risen a bit more slowly than it did during the december/january bull market then it would have been better and a lot of people wouldn't refer to bitcoin as a bubble, but that price hike actually brought more awareness to the cryptocurrency market than it ever had in all of its year and I think that is a positive aspect. Now though, it seems bitcoin is going to take a more slow but steady approach when it comes to increase in price.

[Stevethesmurf]

The rise was too quick, but it’s a sign of what to expect and what’s possible

[unknown-user]

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 agree thar it would be a better process in order for Bitcoin to have a market value that is consistent when it comes to the increase. But the problem is that Bitcoin is naturally volatile and is just dependent with the market demand. Such thing makes the increase consistent. Sudden rise indeed leads to sudden fall and it also shows the market voatility that Bitcoin together as other cryptos are experiencing.

[Gatot84]

This is hardly an excuse for government policy to be freed up and more accepted by the public because the use of bitcoin takes more time, and I have been in 9 years like space in space but in retropection, the internet takes decades to be fully incorporated in society.