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    Author Topic: Do you ever feel tired of waiting?  (Read 1717 times)
    Zaguru12
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    October 11, 2023, 08:43:47 PM
     #21

    The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.

    You’re definitely not far from the truth, there was actually a thread about the volatility of bitcoin actually reducing and it has been noticed that this year has actually confirmed that. The only major movement this year has been in the first quarter when bitcoin started the year around $16k and almost did a 2x by moving to $31k then. Since then the other two quarters have seen a huge reduction of volatility rate. The ember months most especially are known for the red line but this years saw a stale price.

    This reduction of volatility to me can be seen that investors are rather treating bitcoin more like an investment used as store of value. When this happens and everyone holds tight then I don’t see price movement. Also the volatility rate reduction has been predicted in the past that has bitcoin adoption grows it will become more stable. This has risen the thought in me that even during the next bull run we might hardly see a price increase more than 2x the current ATH



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