The only bad thing is that people forget the main advantage of cryptos and more and more hold their coins on exchanges in order to be the first to sell high and buy low when there are ups and downs or just because of convenience.
i don't think this is entirely true.
of course as there is an overall increase in bitcoin adoption, there is an increase in number of people doing different things such as holding their coins on exchanges but i don't think the percentage has changed. for example if before there were x% doing that while total was 100k, there are still the same x% doing that if total is 200k, heck i would say that the percentage has shrank even due to all exchange hacks!
Ok, maybe my fault here I should have added and 3rd party wallets and clarify what I mean by exchanges.
Unfortunately, all the people I know in real life that hold coins (2, lol) have them sitting on Binance (not on the order book) because no matter what I tell them they feel "safer" there. And when somebody says "I've installed windows two times this year" as an argument, you give up.
I think people want to create the perception that 3rd world markets are largely an untapped market for Bitcoin, but when I do contract work in these countries, I see that the infrastructure are not in place to support a thriving Bitcoin economy.
This is what is annoying me lately.
They think that 100 million people with 5 cents an hour wage will rush to buy bitcoin.
Or that bitcoin will save this and that country, that it will improve the economy it will cure Ebola or whatever.
No! It won't, and those bs articles are on par with the so-called mainstream media everybody hates.
But when CCN tells the same crap level news at CNN I'm beginning to wonder who is more toxic, as using poor people and countries as a way to promote your interests is the probably worse.
