Quote from: aoluain on August 03, 2018, 03:20:20 PM

Quote from: LeGaulois on August 03, 2018, 03:02:29 PM

But, but, but... nobody is using crypto because people consider it an "investment", so they just HODL or trade. They are not interested to use it with merchants no, they are not interested in decentralization or privacy no, they just want to make a profit and receive it in their fiat account. Sure not everyone behaves like this, but let's be honest, the majority does. Why do you want to see more merchants accepting crypto if nobody is using, would you?

https://bitcointalk.org/index.php?topic=4756504.msg42963723#msg42963723

It is a bit like "the chicken and egg" scenario.
If nobody is spending bitcoin merchants as less likely to accept it.
Its a bit frustrating for those of us who earn crypto and want to spend it on goods.

The run up to $20,000 didnt help in this regard, a lot of people are indeed realising
a loss in their "investment" and are not going to spend it now if they havent already
liquidated back to FIAT

When you have buyers and sellers it creates an ecosystem hence you have related solutions because there is a market. That's where we see somethings news (for merchants for example)
If people keep to hold or trade then the crypto ecosystem won't be developed, the only things we will see developed are the regulations and the trading market. And you're right about the run up to $20,000 I didn't even think about that.