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?
I doubt the media even ask the richest people who trusts bitcoin and other cryptocurrency. And we really can't blame the media for talking about bitcoin's decrease because it is the truth. As of now, we haven't seen it boom which is the same with the altcoins. There is also a possibility that the media is not reporting bitcoin's advantages and how can it help people. Even the people around me is saying that they don't want to risk their money on bitcoin because of it's volatility and may lead them to loss their money. Now, my idea for progression of the adoption of bitcoin is looking at its positive side as well. We should look what happened to bitcoin and how will it evolve.