Quote from: ontrackk on June 14, 2018, 11:32:32 AM

Quote from: Kiweikoo on June 14, 2018, 06:53:36 AM

Quote from: BartS on June 11, 2018, 09:06:46 PM

Quote from: Hazir on June 09, 2018, 01:21:02 PM

I am kinda worried about one factor - rate of Bitcoin adoption. It seems like adoption slowed down significantly during last year, and sometimes even reverted (Steam is no longer accepting BTC)
Metcalfe's law states that the value of a network increases as the number of users on said network increases. So the number of users we have, affect directly the price BTC
Adoption is somewhat stagnant - no major company is talking about accepting bitcoin as a payment method - because they know that people are not willing to spend their coins anyway.
I am worried that "hodling' mentality of Bitcoin users, in the end, will be a very big problem and the reason for low BTC adoption.

I think those two things are different aspects, in one hand you are right when you say that business have stopped adopting bitcoin and in fact we seem to see the opposite, the adoption by new users has slowed down somewhat due to the crash but it was very good before it, the main problem for business were the high fees and I sent a transaction some days ago and the fees were very cheap comparing them to a few months ago and this is going to improve when the lightning network is working, so we will see more adoption in the future it is just going to take longer than we anticipated.

Negative speculation will discourage people and they will stay away of the market of cryptocurrencies due to the negative news. On the other hand positive speculation in the market will encourage people and more people to take the ways straight towards this market.

This improves the mind of people and brings increase in the demand factor which further improves the value of Bitcoin and other coins.

The worst thing is that these news can be easily manipulated by the rich people in our society what means that in a sense the bitcoin price can be manipulated by rich people.

Well I disagree with the statement because in bitcoin there is no kind of discrimination to be use by poor or rich, bitcoin is all time open for everyone , no one is restricted to use bitcoin, rich people are buying and saving their money while poor are buying to get money profit and earning with bitcoin for daily life needs, but sometime those who has fine collection of bitcoin, the sell to make the price down so they again buy at lowest price more than they sold, so this is the only thing which effect the price, otherwise bitcoin is being speculated by all people of society.