Quote from: squatter on February 07, 2019, 10:19:41 PM

Quote from: Aura on February 07, 2019, 08:12:14 PM

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?

That was true during the last longer-term bear market as well. It wasn't until 2017 that Bitcoin started regularly making headlines again. Before that, the media hype was pretty dead.

I remember seeing some chart from Bitpay that showed that consumer spending spiked a lot when price rose in 2017. Consumer spending might follow a similar pattern -- transaction volume might rise during bull markets and fall during bear markets.

Agreed. I find it easier to SPEND crypto when it's priced high - it's my way of cashing out. Now that it's low I'm almost sure it will go up eventually so I don't want to lose any of my coins Grin