The number of venues accepting cryptocurrency transactions have increased despite the bear market

According to coinmap.org statistics, just one week from November 12th, 2018 to November 20th, 2018, the number of venues accepting crypto payment increased by 332 venues. For previous weeks, we just recorded an average rise about 30–50 venues per week. This is also the time when BTC price dropped from $6,400 to $5,000 per Bitcoin. There is an increase of venues accepting payment in #Cryptocurrency while bear market dominates majority, what does this mean?

Temporarily, divide the market into two groups:
+ Group (1) includes traders and holders
+ Groups (2) is cryptocurrency users for their daily life.

In the context of the downtrend, the group (1) consisting of many investors, traders is depressed, skeptical or decide to leave the market. Groups (2) is increasingly choosing to consume cryptos. Both groups play a very important role in cryptocurrency ecosystems; while group (2) consumes, group (1) does transactions, helping to streamline flows, increase liquidity.

The increase of venues accepting crypto payment is a good sign. This suggests that people’s acceptance of cryptocurrency use as a means of payment is increasing. This is a very positive sign because it demonstrates acceptance from the community. With more acceptance, the crypto market is more likely to recover. What do you think about this?

By @Coin98
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