We are still in a downtrend. Paypal adoption only makes it worse as supply would increase. For the average Joe, is there any reason to go first buy BTC and then pay for stuff with BTC over using credit card? Until there's compelling reason for the average Joe to do so, you still get that supply - demand imbalance at the current price point.
That's a good point. I was hoping that the exposure of more people to bitcoin would help in the short term, but you're right. No one is going to buy into a system they know very little about when they can conveniently use something else they do already know, unless there is a good incentive.
