Why are we still early, 6 Valid reasons.
1 MANY STILL ASK, 'WHAT'S A BITCOIN'?
Most people still don't have any knowledge of crypto currencies in general, when a Bull Market comes, many visitors join us in hope of getting rich, Many still believe it's a Bubble & it'll burst soon.
I read a comment yesterday under an Amazon Product 'A Physical Bitcoin', one guy asked is this a full bitcoin? how are you providing it for so cheap if it costs $40k?
2 PRICE VOLATILITY IS HIGH
Price movements in crypto markets are still crazy, a coin can go up 1000's of percent in just a few hours & can also crash like the same.
Being in crypto market makes one stressful because they know their coin can crash at any given time only if Whales want to have some fun.
3 SCALING IS STILL DEVELOPING
Don't get me wrong here, we have many coins like XLM, NANO, ALGO who have amazing transaction speeds & can carry up to 1000 transactions per second but if we compare it to VISA, VISA can carry up to 1700 transactions per second. we still have much room to grow in Scalability.
4 USER EXPERIENCE (UX) IS LACKING
User Experience in Crypto is still lacking because there simply isn't that much investment going into it. Investment mostly goes into Cryptography & Technical Research & Backed Engineering. Even front ends for Blockchain based applications are often "just enough to get the job done".
5 MEDIA COVERAGE IS STILL MOSTLY NEGATIVE
MEDIA BE LIKE :
When Gold Dips : It's a correction
When Stocks Dips : It's a buying opportunity
When Crypto Dips : Grabs The Same Old Article from the drawer, Bitcoin is Dead & we warned you!
There are still some Good Media out there who understand what cryptocurrencies are but 75% media coverage is still negative.
I am not sure if I can link articles here, so I am not linking any but just Google 'Bitcoin Dead'.
6 MOST MERCHANTS DON'T ACCEPT IT
In 2021, we are seeing some positive changes in this aspect, lately much companies & merchants are starting to accept crypto but that's just mostly in USA & El Salvador, Countries with huge population like India & China are still lacking behind.
Personally, In our business, we accept Bitcoin & Nano but no one pays through crypto.
THAT'S WHY THE REWARD IS SO HIGH
Do you disagree or agree with the points I've mentioned above? If you want to add any point, comment & I'll add it to the post with your username as a credit.
(I copy pasted this from a post I made).