Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.
Exactly! That's what I have been trying to explain the line drawing TA "experts" here. The western markets are saturated. People decide their stance on bitcoin quite quickly and they tend to hold this stance with radical belief. They either hate it or love it. Most of the western world knows about bitcoin and those who wanted in, are already in. And those that didn't want in, will never enter.
Only chance for BTC to pick up again is to spread at the markets in south- and central-America, that could create a bigger boom then China did. Bitcoin expansion just loves corruption, lawlessness and dumb money, so we need those countries with drug cartel problems, that would have most potential for BTC growth.
And don't blame the average Joe for not being interested in BTC. People aren't interested in BTC because they're stupid, but mainly because they're not into gambling. Because that's what BTC is, more of an gamble then an investment. There are too many unknown variables to call it an proper investment.
When average Joe doesn't want to gamble his mortgage or his kids college fund, then he is not stupid for staying clear. He is just playing it safe with earning money by doing good ol' fashioned work.