Bitcoin maturity ?!What do you think?

[mr_ROBOTT]

When I looked at Bitcoin behaviors from the beginning, it seems that Bitcoin is entering its maturity stage from childhood. You can see that from 2016 to 2018, Bitcoin was very exciting, but after 2018, the excitement decreased and became more logical.

In the general chart, it is characteristic that he has been able to keep above ten thousand dollars for about ten weeks now, and this is the longest time he has been standing in this channel and he has had a sharp drop in the past year because of the corona virus and he came back very soon.

It seems that Bitcoin has become a wise spirit. In the last few days, even a few negative news could not hurt it much, and you can see that it is rising. Last time, Bitcoin fell from 12 thousand to 10 thousand, but it came back to 11 thousand and poured again.

But it did not go down to 10,200 more, and it went up again to 10,900 and fell again, but it did not go down to more than 10,400.
Well, you can see that the floor is tightening step by step, and I think this behavior is very good.

And this stability is very good for bitcoin. I think bitcoin is worth more than ten thousand brushes instead of emotional growth and going to much higher channels, because emotional growth will certainly face a bigger correction.

[milewilda]

But it did not go down to 10,200 more, and it went up again to 10,900 and fell again, but it did not go down to more than 10,400.
Well, you can see that the floor is tightening step by step, and I think this behavior is very good.

If you have been here on this market for a while then normal day movements wont really surprise you out.Bitcoin can indeed move between those levels and even break out support and resistances unexpectedly.
Good thing now that it didnt tend to go below 5 digit mark price which is great and we've been holding our position above 10k but doesnt mean that we would be holding like forever yet we have seen several instances
on going back even below further without any news or sentiments that had been involved in the market.So far we are on a moving sideways state with bitcoins price or even on the entire market.
When it comes to maturity then just let it be and better to utilize these movements for your profitability targets.Volatility is one of the main recipe on getting profit but also with loses as well thats why
minimizing the risk as small as possible.Stability? no, its just sideways movement or on accumulation level.

[blockman]

The sign that it didn't go below $10,000 is a very good sign that this is not the right time to sell. If this continues and we'll see bitcoin becoming stable or slow again at $11,000 then it will be the time to consider longing it. For the holders, no intention of selling it.
But for investors who have hesitation if buying is still the right thing today, you will see when it goes slowly above the price that we have.

[Stedsm]

I'm glad someone is enjoying the stability of BTC too as I've always been seeing people talking about the quick changes in price and their mourn while regretting to have entered the wrong trades. I believe that this stability is working like a charm and BTC holding a healthy price tag of over $10k and standing at it is just awesome compared to seeing it getting too volatile with $1k or more pump or dump moves. Although I think of that volatility to be an advantage as well as adventure for us, many people get rekt as well as liquidated when these things happen. So, it's better to trade in a range and enjoy the current stability too while it lasts.

[GreatArkansas]

This is one of the examples that the holders or people who also owning or being introduced to Bitcoin are more become careful, educated, knowledgable human beings.
They become more careful or if they already introduced in Bitcoin before, they may already get some lessons, what Bitcoin really is or what Bitcoin can do in financial, like if they are buying Bitcoins, they already know the risk of it and how it makes them money or lose.
What I also noticed is the effect of FUD, it become lesses as time goes by.

[adaseb]

The reason why is mostly due to its liquidity. A few years back if you wanted to buy or sell a few millions worth of BTC it would be difficult. You would end up moving the price too much against you. These days its nothing.

I think Bitfinex was the first exchange which let you short BTC as far as I can remember and this was in 2014, prior to that I don't think you could short it. Even though many people don't like shorting, its what creates liquidity in the markets. And now that we got futures and derivatives it lets more and more liquidity more through bitcoin.

Not every market is like this , look at YFI , Sushi and other markets. They can quickly drop to $0 if there is one individual who wants to cash out.

[elisabetheva]

yes, we must admit it and have been tested in all respects and in quite a long time. Bitcoin has shown itself to be admired and followed by others because the ability taken has proven it very well and recognition can be seen from market movements that continue to run smoothly and well. and many entrust their funds to be a profitable investment.

[carlisle1]

well seems like we need to welcome you in Bitcoin community or much better in cryptocurrency because it looks that you have really no idea how Bitcoin moves each time,there are no constant in this currency though if you are willing to wait longer then maybe the prize will be on your part.

Volatility is indeed in this market thats why you are showing how the coins goes up and down in certain days but moving up is what the main objective of each investors and holders.

Bitcoin has had very strange jumps and falls in its early years, and it can be seen that it has stabilized during these few years and has had a maximum of 1000 or 2000 units in a few days of ups and downs.
But if it is a question of the current resistance and the formation of a chart for the rise or fall, I think the points for the rise of Bitcoin are higher.

actually there is no strange Jumps and falls it is you who's making it complicated .

[Oasisman]

And this stability is very good for bitcoin.

The kind of stability that describes the current price movement might be very good for Bitcoin, specially for those hodlers who hopes that bears would stay away from the market. But not everyone is enjoying this stability. There are day and short traders who enjoys medium to big price swings, and there are those who are looking to buy at a minimum price. $10,000 is considered a very expensive buy for someone who is looking to hold for long term.
Nevertheless, progress in Bitcoin's price is always good in general.

[Gozie51]

yes, we must admit it and have been tested in all respects and in quite a long time. Bitcoin has shown itself to be admired and followed by others because the ability taken has proven it very well and recognition can be seen from market movements that continue to run smoothly and well. and many entrust their funds to be a profitable investment.

Many yes now believe bitcoin for investment. The volatility is getting reduced and it is gaining more confidence among people. Back in 3 years ago, the volatility was at the extreme, causing people to lose rapidly after the ATH drop but for now, the investment is more stable and price seem to also be stable.

[smyslov]

It seems that Bitcoin has become a wise spirit. In the last few days, even a few negative news could not hurt it much, and you can see that it is rising. Last time, Bitcoin fell from 12 thousand to 10 thousand, but it came back to 11 thousand and poured again.

More than ever it has become stable, every investment there is a point where it is hype to the highest and Bitcoin and all the other coins have it in 2017, the community have matured, people now start to think the right time to invest and what to invest.

I like the scenario now even the pandemic cannot take down or kill Bitcoin yes we will have another all time high and it will come at the right time.

[blockman]

The sign that it didn't go below $10,000 is a very good sign that this is not the right time to sell. If this continues and we'll see bitcoin becoming stable or slow again at $11,000 then it will be the time to consider longing it. For the holders, no intention of selling it.
But for investors who have hesitation if buying is still the right thing today, you will see when it goes slowly above the price that we have.

In my opinion, it is never too late to buy bitcoin, of course, until governments recognize it and use it as the national currency.
In that case, bitcoin will grow a lot, and then it is a little late to invest, and it can be understood that these are golden days.

It certainly is. People are doubtful to buy at $10,000 as they think it's still too expensive for them until they get to see it moves up to $15,000 and so on. But if it's about being a national currency, it's far from that into reality. That's something that will never happen.
The risk that a government will do that is high and they are truly done if they do that. On the otherhand, citizens from countries that's dealing with hyperinflation I think they are exceptional for making it a reliable currency that their fiat.

[Reid]

But you are talking about just weeks.
If it's this steady for a couple of years then I might think that it was matured.

No. It's still a child for me.
The jumps are still there and if you compare it with commodities it is so far with volatility.
Maybe in 10 more years, as of my own prediction only.

[jseverson]

Bitcoin has shown us that it is in a stable position in terms of profitability and relative stability.
Investors know that Bitcoin will hold its own in this resistance, and the $ 100 or $ 300 drop should not be a concern.

Has it really been unusually stable? A quick look at the charts shows that it's been nothing unusual; the current price is just higher than past "stability" periods. I think most reasonable people wouldn't be surprised if the prices plunged and tanked suddenly. I mean, we were also stable in ~9k (and for longer than the current period) just a little more than two months ago.

That being said, I do agree that Bitcoin has "matured" in a sense that most people don't seem to think it's a bubble waiting to pop anymore. Its reputation has definitely matured, if nothing else; it has never been in a better spot in the eyes of the public.

[Serious475]

The fact that bitcoin is still $10k and it seems like no movement at all, it says that this is not a good time to sell because there are still many possibilities that it can go up and reach $20k within this year. I am so excited about what will be the price of the bitcoin this year, excited as well to see $20k. This would be good. for bitcoin if this wouldn't go down within this year and it will beat the record way back year 2019 when the price of the bitcoin stays at $10k for 72 days.

[SquallLeonhart]

I don't know if this could be called maturity or something else but it is clear that you haven't been around for a long time, obviously you have been around enough to know few things but people who have been here for years knows that there is no way that bitcoin could be less volatile in the future just because something happened today.

Bitcoin always has days when it is boring and stable, it never had that stabilization over $10k but that is just time and with time it goes up so it is totally normal, but at the same time we should know that from $1k to $10k and in between all numbers we had months when bitcoin was stable. The only reason people call bitcoin volatile is the fact that it moves very quickly, in a week we could be $20k or $5k, but we do not do that constantly.

[el kaka22]

I guess we still have some time for it, we are actually doing great but this doesn't mean that we are at that stage just yet, obviously we are a lot more mature compared to few years ago and before that, but we are still not at the 100% maturity level just yet, it will come eventually but I think it will take another decade until we reach to a level where we can say it's over.

All these crazy movements like defi, eth fee's, btc fee's and bitcoin transactions taking so much time all means that we are not there yet, eventually there will be a moment when everything will be solved and it will go back to days when bitcoin transaction was under 1 dollar and took less than 5 minutes and when we reach back to that thanks to new technology on blockchain, we are going to be much better.

[jrrsparkles]

Nope, the prices are volatile as always before only the range of swing has been changed and to be honest the swing has increased more than last few years.Bitcoin is still infant and the future is still uncertain due to regulations and banning crypto related service platforms.

[fabiorem]

https://news.bitcoin.com/open-interest-on-bitmex-drops-16-investors-withdraw-37000-btc-in-less-than-24-hours/

What do you think? $16k by December?

[KTChampions]

What kind of maturity can we talk about if the original goals of bitcoin creation go further? Every year the share of bitcoin users as a payment system decreases, while the share of investors / speculators is growing. This is a definite development and perhaps it will ultimately be positive for bitcoin, but I see a great illogicality to discuss maturity under such conditions.