POLL: Would you rather see Bitcoin price grow steadily or in spikes?

[HabBear]

Converting a really interesting question and discussion posted by another good member here into a poll so we can actually understand what the popular sentiment is.

ORIGINAL QUESTION/DISCUSSION:

I wanted to see what the general thoughts of the community here are. With bitcoin being in a pretty steady state for the past few weeks, it seems like there's going to be a set up for some kind of growth. With that, there can be many paths, but after seeing today's price (which was up around 5% when I checked), I was wondering if the volatility is what people actually like about bitcoin.

So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?

Quick notes:

• Steady growth would be a slow and steady advancement, the growth trajectory of a more stable investment
• Spiked growth would be cyclical periods of advances and declines

We can keep the discussion on the original thread, I just think it would be great to get the numbers backing the pages of discussion. Cheers!

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[Kakmakr]

We had our best performance when people could invest $1000 today and then sell it for say $1100 the next day. An investment is attractive when there are constant upwards movement in the price. <Day traders flourish in these market conditions>

A sudden spike only draws speculators with trigger fingers and they dump coins at the slightest drop in the price. We have seen that, when the correction phase started in Q1 of this year. 

Bring back slow, but constant growth and Bitcoin will succeed. 

[HabBear]

We had our best performance when people could invest $1000 today and then sell it for say $1100 the next day.

Haha, yeah, 10% daily return is great (unheard of) performance.

Do you believe this volatile spike history of bitcoin has helped or hurt broader adoption? I'm starting to think it's hurt us.

[congresowoman]

I would rather see a steady growth rather than spiking movement, this can really attract more investors because they are assured that prices are not forcefully manipulated just for it to show signs of life and or a minority of the investors be benefitted from this. I think a health coin has a steady growth, even though this growth does not consumate overnight still, a slow steady uptrend will still be a plus factor in all these.

[Herucooles]

When bitcoin prices are stable and expect a 5-10% profit, large investors will be happy and smile. They will not lose a lot of money when prices fall and can make big profits when investing all their money.

[Pikachu12]

I really want the price of bitcoin to grow steadily and slowly. This shows that they have a great deal of loyal investors and they will hold on until the other guys are out of bitcoin. It will grow forever and will create more confidence for the traders.

[3acaga]

I think that most people prefer stability, that's why I vote for a smooth schedule of bitcoin.
But for traders, it is probably preferable to a course jump.

[eternalgloom]

I'd definitely prefer steady growth personally, but I do think it's more likely that we'll keep seeing these sudden spikes.
The market just seems to remain very volatile in general, so it's unavoidable for the near future.

That said, volatility is slowly decreasing, but it's still nowhere near the volatility of most fiat currencies.

[usticiann]

Ha! Like most boring, sensible people, I would love to see Bitcoin growing slow and steady rather than in spikes. It appeals to my conservative nature.  But then again, I make a lot of decisions at the last minute. I would call it inspiration. Others might call it impulse.

[davis196]

Spiked growth means more profits for the bulls and bears on the market,in general,more profits for the crypto whales.
That's why spiked growth is the only possible price pattern for bitcoin.Nobody would want a slow and steady growth-whales,newbies(who want to make big profits fast),not even the cryptocurrency exchange platforms.

[dothebeats]

I prefer to have a slow and steady growth rather than an explosive and completely unpredictable bitcoin growth. Both are growth in their respective terms, though the risk is minimal on the former compared to the latter. Knowing that I am a systematic and somewhat slow person in terms of investment, I'll gladly just leave my money on something that I know will appreciate instead of stressing myself out on late-night market actions. It's also preferred by most people on the sidelines, and that's no speculation too.

[Dudeperfect]

I am happy with the current trend of the poll as the voters have almost unanimously voted for the steady growth and that's how it should be.  The sudden overnight growth is beneficial for the big whales and institutional investors as it gives them quick profit without employing their capital for a longer period. However, as far as the growth of the sector is concerned, there is no option to the steady growth of it over the period of time.

[bakkang]

I would rather choose bitcoin price grow steadily because you will know already the profit you can earned once this become stable and I think we can use it effectively in buying online through the use of bitcoin. But there's always a side effect if this become possible there would be know investors invest with bitcoin because it is now stable therefore their bitcoin become stable also that's why they can't generate bitcoin if this become stable.

[cryptocrusher]

Anyone who says spiked growth does not have the best interests of bitcoin at heart or at mind, they only care for themselves and their short term profitability. If bitcoin can grow slow and steady it can gain mass adoption, that's the ideal for bitcoin adoption and also for profitability, it won't be some flash in the pan wealth that lasts a year, it will provide lasting wealth.

[charlotte04]

Converting a really interesting question and discussion posted by another good member here into a poll so we can actually understand what the popular sentiment is.

ORIGINAL QUESTION/DISCUSSION:

I wanted to see what the general thoughts of the community here are. With bitcoin being in a pretty steady state for the past few weeks, it seems like there's going to be a set up for some kind of growth. With that, there can be many paths, but after seeing today's price (which was up around 5% when I checked), I was wondering if the volatility is what people actually like about bitcoin.

So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?

Quick notes:

• Steady growth would be a slow and steady advancement, the growth trajectory of a more stable investment
• Spiked growth would be cyclical periods of advances and declines

We can keep the discussion on the original thread, I just think it would be great to get the numbers backing the pages of discussion. Cheers!

Of course it would be a steady growth. What should it mean if the price of it spiked upwards but would also suddenly spiked to go down?

[krishnapramod]

Don't want to sound negative, but we're seeing what the growth in spikes is doing to Bitcoin. Although developments are going on, looking at the price between November 2017 to November 2018 one has to really wonder if any real adoption did happen in this time frame or just mere speculation. Speculators don't care about utility, volatility is what matters to them and a highly speculative Bitcoin market would simply be prone to crashes at regular intervals making it not even a reliable store of value.

What we need is a steady sustainable growth based on functionality and utility which would minimize the speculative/risk factors making Bitcoin more suitable for wider adoption.

[maemunah]

I really want the price of bitcoin to grow steadily and slowly. This shows that they have a great deal of loyal investors and they will hold on until the other guys are out of bitcoin. It will grow forever and will create more confidence for the traders.

it's true and I also like you prefer bitcoin to grow even though it's slow, because with the growing bitcoin prices, more and more investors believe again that bitcoin is a coin that has high potential and has a bright future

[HeRetiK]

I'm not going anywhere, so I'd prefer a slow but steady growth. This would also be more beneficial to Bitcoin's usage as a currency or store of value, rather than being the high-risk high-reward kind of asset it currently represents. Profits are nice, but I want a long-lived technology as well.

It can't be denied though that Bitcoin's growth spikes are what lead to its popularity in the first place. Volatility and drama catches more eyes than reliability. As such I think of Bitcoin's growth spikes as a necessary evil until we've reached widespread adoption.

[Theb]

It really depends on who you are asking. If you are an investor who does not monitor their investments and is looking for a one time earning you would probably like a steady growth on the asset. But for traders it will be ideal for them to see a spike growth for Bitcoin, this is favorable to them as they can always short sell BTC in order to accumulate more. The traders right now are probably earning from BTC consistently as they are buying and selling it at a profit based on the current movement of Bitcoin. I personally like BTC's movement now as I have no plans of adding more cash into the market that is why I always short BTC when the opportunity arises.

[supermine]

I think we should sell our cryptos when the prices are spiking,the next day the prices might go higher but still we made the profits from our investments but selling at the steady market looks like not profitable and also the prices may go deeper in the next days,so sell your coins when you made some profits only if you are a trader.