Quote from: hatshepsut93 on October 06, 2023, 11:53:47 PM

Quote from: Macoach on October 04, 2023, 06:51:39 PM

This is tremendously bullish, showing the first signs of true broad adoption and how far cryptocurrency has come that we can even experience such euphoria in the midst of a bad market.

How is this a sign of mass adoption if the address growth only spikes during the peaks of a bull run, and then returns to normal? The chart shows that the grows rate goes up quite slowly, while the term "mass adoption" could imply exponential growth.

If anything, it's even a bit depressing that the spike of 2017 bull run is bigger than that of 2021 - not what you would expect from 4 years of mass adoption.

Mass adoption doesn't mean the price is now going to rise consistently but of course there are still bear markets along the way because most people came here for one purpose and that is to earn a profit. A bigger dump will still mean that the adoption is already higher than usual.

It's normal that many people will get attracted to enter when the price is getting bullish. They are FOMOing in short but this is a bad practice because they can get caught up with a bear market. Mass adoption isn't only about the price but what important here is that many people are now aware and are using cryptos. Things are going to be easy this way for us old crypto users.