Even with the bearish market last year and up until now, market adoption is still growing. More and more individuals are learning the benefits of crypto as means of payment method. Also, more payment centers are being established through crypto.
Considering the market surge of 2017 and the bearish market of 2018.
What is the implications of the 2018 bearish market on the Cryptocurrency market ?
Did the situation increased or decreased adoption rate of Cryptocurrency?
Adoption i think doesn't take place only if bitcoins price is high,although its a big factor that people wanted to engage with it but for me,time is the most important factor that bitcoin had existed and be adopted.As many people knows and heard about bitcoin adoption takes place.
right, time will answer all that, adoption is not helpful for the development of bitcoin. especially from that the good news is awaited to boost the development of bitcoin. we know that now is very boring, but understand to be patient so that we get what is expected later, namely price increases
False, adoption is very important for the development of bitcoin. It is an indicator that it is actually able to deliver what is is meant to do. For example, if adoption is high, it implies that the development is going in the correct path since people are satisfied with the results. The rate at which online wallets are created is a way to measure adoption and can be related to bitcoin's price.
It's true, adoption is important in the development of bitcoin. Without demand, how can its value have growth in the coming years?