Last year there was a boom, now there will be growth when the market is ready for this, when there will be a full infrastructure, we will be patient
It might take years before the main currencies (referring to Bitcoin and Ethereum) properly scale, which leads me to believe that we shouldn't hope for anything similar to what happened last year on the way up.
Bitcoin hasn't seen much of an actual on-chain throughput improvement with SegWit being partly adopted, and Ethereum isn't even remotely close to have some kind of scaling solution be ready to roll out publicly.
I get it that people want to see the price increase today rather than tomorrow, but what's the point if we yet again are reminded of how easy it is to cripple this ecosystem as a whole? I'm certainly not in for that.
I would not be putting so many minds on regulations and exchanges being the problem, I would rather say peoples mindset on its own is actually one major thing that needs to be worked on as the case may be over time when it comes to taking this space as a tool for payment and not just some speculative asset.
I have no doubt that when we get to see the scaling issue resolved, the likelihood of seeing development that would set the space up for mainstream adoption will be there, but at the same time, I would not expect that anytime very soon.
The price decline is related to the psychology of people. The price was 20k in 3 weeks without any innovation. In my opinion most people were not knowledgeable about it when price was increasing and without knowing what it was, they invested money. Maybe it is a good thing that people understand what the meaning of risk now, but learning it by losing money can be a little bad.