As of now, I see a slow development of the value of bitcoin, I hope it will continue to increase its price and not all of us will make panic selling again because of slowly dropping of the value but as of the moment there is an improvement of the price of the bitcoin.
Lets hope it gets stable at some price. there is too much volatility in price of bitcoin and if it keeps on moving like that it my benefit day traders but not the long term investors. this price volatility is also not good for mainstream adoption of bitcoin.
I cannot be stable when everyone else is losing. Fiat currencies all intentionally lose value, in various degrees, because thats what the school of Chicago dictates and all the politicians follow it like dogma. Sometimes even here you see people who can't grasp the concept of deflationary money or how an economy could work with it, because they have yet to
read the Austrians.
Overtime price fluctuations are shrinking, and this is probably how it will be. Gold price fluctuates, but much less than in the past. It should still go up, very slowly, because of the aforementioned inflation all fiats (and some altcoins) with limitless production do.
Remember that, the less it fluctuates, the safer. But when it does fluctuate, all you have to do is wait it out. Unless you are a trader and not a holder, but that is another matter.
After that spike in 2017, price movement has slowed down much. That is good. If it moves too quickly correction will occur. Zoom out and you can recognize its historical pattern, which is a logarithmic curve that starts gaining value very rapidly but slows down overtime.
In short: Slow is good. Panic *anything* is bad. If it goes down just wait it out until it recovers, no matter how long. You have a deflationary coin here, its not government backed money that may never recover...
