Quote from: PlusOne88 on April 23, 2019, 05:14:11 AM

I believe that these things are mostly true but I don't consider every point to be a hundred percent correct. Considering that the users by themselves created the market for bitcoin, I do believe that the users are the main reason for falling prices. This is where bitcoin and other cryptocurrency is based in terms of price. No usage means dropping prices as a result of less utility. So with good usage there will be good prices to see. Too many are just keeping bitcoin and are waiting for prices to move up and without actual utility, we will certainly experience a bearish market trends

There is also speculative value at play

Not just real-life utility (for example, transactional utility of a currency). So while there is a constant influx of new users, this speculative utility can keep the prices up as well as support the market value of Bitcoin even if this value is purely speculative. Yeah, I know that pretty much looks like a pyramid scheme but who cares? After all, Bitcoin does have transactional utility, it is intrinsic to it and cannot be lost or taken away no matter what the price might be. In simple terms, enjoy the ride while you can