I feel it's still going to take alot of ups and downs along the way till the time it doesn't hit the consumer market on a massive scale once bitcoin clears that stage i think it would be unstoppable. However, they have taken some initiatives like that which surely is the major step forward. In all I feel the current value of bitcoin is overvalued.
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Ups and downs are always going to happen. I think we will have to disagree on the valuation though.
@cryptofriend I agree with you but as soon as it hits the consumer market the ups and down will be less volatile that's what I think. Maybe then the ups and downs are more like 0.5 percent on average either high or low and you are right ups are never gonna end that is the beauty of free market economy.
Yes I think that is true. The market is still comparatively small which is why we get the big ups and downs.