Quote from: Gi01 on August 12, 2019, 10:02:06 PM

Quote from: firmino10 on July 26, 2019, 12:20:27 PM

I see a lot of people complaining about the volatility of crypto market with the prices of all their altcoins have reducing drastically, and they hope for the bull run to come and everything should increase. I think that the bull run is not the best solution to the volatility of the crypto market, but adoption.

The best and main solution to the volatility of the crypto market is real world adoption. There are alot of cryptocurrency project that are very good and innovative but are not yet adopted that people outside the crypto space (which is a few percentage of the world economy), therefore there value is subjected to the market changes. But if they get adopted by the real world and there token value is based on the real economy (i.e daily usage by people) then the value would be on the increase regardless of whether the market is bullish or bearish.

Well said mate, adoption is the key thing needed. Once the entire world accept the use of cryptocurrency, volatility will be a thing of the past since the market will be somehow stable. Personally, I don't really see cryptocurrencies as digital money but as an investment commodity. Only the adoption by the entire world can help cryptocurrency to be a digital fiat or currency..

Adoption might be able to lift prices and transactions in the cryptocurrency market but if the adoption is cryptocurrency as a means of payment in lieu of money, I think this is difficult. The government certainly will not want its authority as the holder of financial circulation disturbed. But if the adoption acts as a digital asset or tokenization of securities, I think this can happen.