This isn't disputing your assessment, only contemplating how quickly widespread usage might occur and whether a major catalyst could be lurking. An adoption S-curve is not necessarily going to cause an immediate price move. These levels are certainly looking for a correction or at least a pause, though I wonder whether the recent ~30% dip in Bitcoin already cleared the froth.

So I'm left wondering... Bitcoin is a technology. The infrastructure is already in place for it to be used - smartphones. There are already existing paradigms that adults of all ages can use in order to make use of the system to make transfers.

Automobiles required roads, fuel and maintenance/repair support systems. The telephone needed vast stretches of cabling. The Internet required computers and communication hardware to be widely available. We are now in a period of Facebook, Instagram and WeChat where sudden and rapid user growth is a matter of software installation. The rails are already here, and general populations are starting to take interest.

Separately, what is the Bitcoin market value compared to the crypto economy as a whole? Will wealth held in Bitcoin simply spread to other crypto, simply shuffling the balance around? If so, is adoption better measured by the entire ecosystem?

Look at Litecoin now - launching while Bitcoin is stationary. If they keep popping off and Bitcoin starts waning, will awareness spread among individuals outside of crypto as they discover that there's an entire universe of investments that Bitcoin opened the door to?

Finally, which projects are close to active usage in existing environments aside from crypto? Ripple is certainly being made use of by banks; Stellar has its place as well as Iota... Bitcoin and Ethereum may take a back seat for a spell while more well-defined use cases run the show in the near-term.

Is this a hydra that will keep propelling crypto forward; when one lags, the others forge ahead? I am considering the potential that, even if Bitcoin stalls, the crypto economy as a whole may make new highs and continue doing so for some time.