I tend to view lack of liquidity as a symptom of lack of reason to trade. When countries have bubbles they have lack of liquidity because people are saving, it's more advantageous to hold assets than to trade for discretionary goods.
I think lack of liquidity in all cryptocurrencies stems from lack of utility, there's no compelling reason to trade because a trade doesn't give people what they want. A joint effort to create liquidity will pump the trade volume numbers though I worry it won't solve the issue of why people aren't trading in the first place.
agreed! few compelling reasons to trade our assets at the moment, it's our job to change that. who are some potential marginal users of our platform? some random thoughts:
Demand Side: -precious metals speculators
-non-U.S. people stuck in financially repressive countries who could use some USD exposure
-crypto speculators looking for an easy way to short BTS relative to BTC
Supply Side: [\u]
-market makers who can profit providing liquidity
-speculators looking for BTS leverage
-speculators short precious metals (can hedge away BTS exposure)
any other ideas? we should figure out the highest value marginal user type and market to them.