Post
Topic
Board Speculation (Altcoins)
Re: Did crypto become mainstream too early?
by
livingfree
on 03/06/2018, 23:34:59 UTC

The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case.
It's not the case for you but the fact that it can be use for daily transactions and it's real happening in the real world.

Bitcoin is not being used for everyday transactions (once a month from exchange to wallet is not everyday transaction. Only in few countries it is possible to go shoping only with bitcoin wallet, bet even there only minority use it). We have 200k transactions daily on bitcoin. Visa have 150 mil. With that amount transaction fees will be anormous.
There are stores online that are accepting bitcoin and if you'll check the volume of transfers, how can you determine that the tx is not coming from an exchange to wallet?

https://bitinfocharts.com/comparison/bitcoin-transactions.html

Check that chart on how many tx are there everyday and lets assume that most of it from exchange to wallet but you can't deny the fact that there are some use of it for daily living.