As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Yet USD exchange volumes are massively down, and now much of the smoke and mirrors of the Chinese exchanges have been taken away, volume/interest isn't much better over there either. Bitcoin may well go on to take out the ATH, but realise, this is highly cornered and manufactured market, controlled by a small cabal who are up to thier necks in the shit. Those who are most heavily invested in Bitcoin and have the most interest in ramping it, and keeping it above a certain level, are invested on sitting on a golden egg which may never hatch.
Bitcoin is a hugely risky investment, and at these prices, with not a whole lot of potential upside either when considering the risks involved......Bitcoin isn't Amazon stock.
Well exactly. People say that it is different this time because of the infrastructure and people really using Bitcoin now.
Who actually uses Bitcoin as a currency though? The biggest use was to buy drugs online, that might still be the main use, I don't know.
Next is gambling. What else? I mean there are lots of things you can use it for, but 99% of the time you can just use fiat instead and hold your Bitcoin instead.
It is being used as a commodity, I don't think it traps users, I think people hear about it, buy a small amount, maybe gamble it or sit on it, then forget about it or sell. What else are they supposed to do with it!?