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?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?
In this bearish market condition, we won't hear much about bitcoin in the media i guess.
The situation of the market can affect the news too. In 2017, there were many peoples come to crypto because cryptocurrency
was popular because the value of crypto coins were sky rocketing. Adoption progress is running fast when the market green.
That's basically the problem. Bitcoin should refrain from attracting people that see it as a gamble product. We need to attract people that are wanting to use it as a currency because it's financial and ethical benefits. The people that come when the price is on a sprint upwards leave Bitcoin for good when the hype is over, resulting a broken reputation. However for Bitcoin this is a much harder task because it is not a commercial company and therefore does not have the resources to do advertising.