Quote from: MKings on September 18, 2021, 09:18:20 AM

Bitcoin is becoming more and more popular, and everyone knows that it is being used more and more. When a large number of novices enter the market, it may affect a little bit of Bitcoin price fluctuations. But when more and more people recognize Bitcoin, then the value of Bitcoin will get higher and higher.

Recognition is not equal to buying. Being able to read and being able to buy the thing you are reading about are two different thing. There are so many countries where people have heard about about bitcoin but can they allow themselves to buy it? A lot of problems arise there.

Also with more novice players, the price will rise up inorganically because they will likely FOMO.

Quote from: CDC AP on September 19, 2021, 12:19:47 PM

The current usage rate of Bitcoin is not very high (I mean daily transaction payment).

Comparing with the worldwide use of other modes, I agree. Spending bitcoin for common goods is way less to give it a mainstream tag.

We can be hopeful that in future we will see better acceptance and use. There are methods to mitigate the price volatility but they will come in when the acceptance is larger than today.