Hello, this is a continuation of my BTC project. I am trying to figure out what the biggest problem is right now I believe it is volatility. I am open to other opinions and how they could be fixed.
Volatility is definitely one of the biggest problems bitcoin is facing if not the biggest problem. However it is a general broad term for what type of problem we have and not the cause for it. There are smaller things we can go deeper and see about it. For example volatility is a problem but what causes volatility? We can go deeper and say that volume (or lack of volume) is cause for the volatility we have.
Since volatility is caused by lack of volume it means that the problem is not volatility but the lack of volume which causes it. Volume is low because the interest for bitcoin and buying/selling it became less popular. Which means we can say that popularity of bitcoin dropped significantly.
It means volume is not the problem but popularity dropping is the reason. Popularity dropped because there was no action in bitcoin that showed any promise. Which means under all of this the trouble with bitcoin is the lack of anything that gives us any hope for the future.