Quote from: bob123 on August 09, 2018, 11:09:20 AM

Quote from: freightjoe on August 09, 2018, 10:38:00 AM

And as more and more Bitcoin owners begin to realize that we will never get back to the bubble-high of 20.000$

That is a pretty hefty statement to make.
20k was the peak of a bubble, the price increased extremely fast. A correction had to follow.

But this does not mean that bitcoin won't reach this price again. Especially if you look at the adoption rate and the development ongoing.
The development alone is improving the protocol + usage, which increases the value of BTC as a currency.

While it is foreseeable that BTC won't reach 20k this year (and maybe also not the next few years), i am confident we will see new highs.
Especially when the whole ecosystem around btc starts to influence the daily life with comfortable, faster, secured payments with low fees. Basically when adoption kicks in.

There is no adoption at all. New wallets are only being created by existing users - adoption is actually negative in terms of real users