Which is dominant : Speculators vs Real users?

[Lucius]

There is no doubt, 9 out of 10 people who invest in cryptocurrencies do so exclusively to make a profit, preferably in the short term. That's why 90% of people don't know the difference between Bitcoin and blockchain, what the total transaction fee price depends on, or what RBF is.

Many also think Bitcoin uses gas, that you can mine with computers, don't have a clue what change is, and most importantly when it comes to usage they forget that in order to spend the money you get from someone you also have to pay, which is a nightmare for every merchant dealing with it.
But usage is down the drain, and what is worse, it's not because of fees, it's because people will cling to their coins till they are either rich or they will take them to the grave.

Let's just say that it's not such a problem when it comes to those who hear something about BTC here and there, but what about those who have been investing and listening/reading about BTC for years and after all, for some reason, they still don't understand much - and they keep complaining that the fees are too high, and they don't realize that CEXs are literally robbing them with service fees - while the fees from non-custodial wallets are less than $1.

~snip~
For an average joe to understand these will take years and I believe over the period of time the number will increase for sure.

If someone needs years to understand what BTC is, then they are really in big trouble - especially if they are at the bottom of the food chain and miss the opportunity to understand it before these rich companies and individuals who took more than 10 years to do it.

+1/+1💯

[libert19]

The daily discussion for Bitcoin and altcoins is that we will not be free from using Bitcoin as a store of value, and until now I have rarely heard of real users of Bitcoin itself...This means that the use of cryptocurrency for daily needs is still relatively low, and we cannot force everyone to stop speculating, including whales...

Is mass adoption of cryptocurrency just a pipe dream? Given that many people enter cryptocurrency for a variety of reasons, the biggest one in my opinion is fomo...Are you a little worried about this condition?

I never understood what's wrong with BTC being used as store of value, the way it's halving mechanism works, it literally says use me as store of value.

[Bobcrypto]

Questioning adoption is an interesting topic because it's not really that much adopted yet, just because of the volatility and somewhat speculative nature of cryptocurrencies and the emotions that people experience once they increase/decrease in price.

It's quite hard for people to adapt, and there could be a learning curve just because of the user experience. I know we have come a long way from making it easier, just like companies are making it secure and easy to use in the real world.

IMO, as long as there is a good, real-world use case, it's alright. Gradual adoption would be significant.

Yes, as a matter of facts, adoptions is not a one or two year thing, it starts with one and grow to as many as it can be in the future. Just like the saying goes, '' Rome was not built in a day''. Adoptions is a gradual process, and the crypto adoptions will always grow continuously, and I think we are just at the beginning because bitcoin(crypto) it's just 15years old, there are more room for growth.

[bayu7adi]

Anyway, if you want to see more adoption the best thing to do is to start with yourself. You can start to look for stuff you can pay with crypto such as your mobile phone plan, VPN deals, hosting services, etc. It doesn't necessarily have to be buying groceries or fruits.

Yes, I still do it often, buying digital goods using cryptocurrency, more dominantly using Altcoin as a means of payment for several reasons.. but actually I am not here to voice to make everyone use their cryptocurrency assets for transactions, everyone has their own goals and naturally forms an ecosystem of BTC holders naturally, namely speculators and real users... I don't hate both of them

However, what I ask is whether in the end the existence of Bitcoin will never be a means of payment for buying vegetables and fruits? Seeing that most users prefer to use it as a means of speculation.

Or did Satoshi Nakamoto have an unwritten goal for Bitcoin to become what it is today?

[Faisal2202]

The daily discussion for Bitcoin and altcoins is that we will not be free from using Bitcoin as a store of value, and until now I have rarely heard of real users of Bitcoin itself...This means that the use of cryptocurrency for daily needs is still relatively low, and we cannot force everyone to stop speculating, including whales...

Is mass adoption of cryptocurrency just a pipe dream? Given that many people enter cryptocurrency for a variety of reasons, the biggest one in my opinion is fomo...Are you a little worried about this condition?

FOMO is the main issue here, because all those people not aware of BTC when come to know about it in strat say her if we had bought BTC in 2011 or 2015, we would have made this much money till now and they then developed a mindset that we must find the next coin just like BTC in which we can invest and forget about it, and after some year we come to know hay we had some FKTC Let's see how much they have become, and you see fkmillions haha.

ALl of these people just want this dream to come true haha, although there are people who uses stable currencies for day to day expenses and other use it for trading too but in such tradings we need more money to make good profit but in crypto we don't need that that's why people are too much hoping from crypto and speculation is permanent with crypto.

[Bobcrypto]

The truth is, the majority of us here entered into this as speculators. I'd like to be honest and say that I became interested because of the profit I'll make as a holder and trader of Bitcoin. It's just lately that I became a user of Bitcoin I used it to renew my domain and my hosting and buy stuff on the internet, but with the growing adoption, we will see more markets using Bitcoin as a mode of payment.

Yes, you are right, but those who entered into the crypto community as speculators are actually people with large capital for trading or investing. As a matter of facts, you may not engage on speculations if you don't have the desire to trade or invest on any crypto assets.
Usually, speculator are big traders and investors who will speculate about an assets for their personal gains, and without large funds for investments and trading purposes, speculation is meaningless.
Nevertheless, speculators are not more than the real crypto user, that is, the holders, long term investors, institutions, organizations, retail traders/investors etc

[bitterguy28]

As a matter of facts, you may not engage on speculations if you don't have the desire to trade or invest on any crypto assets.

maybe not but they still need to check the bitcoin price and what could be the price at a certain time especially if they are not so rich that they need to keep track of bitcoin's value so that they can take advantage of the price even if they are not trading

Nevertheless, speculators are not more than the real crypto user, that is, the holders, long term investors, institutions, organizations, retail traders/investors etc

i think a lot of speculators are also those who hold and use bitcoin generally people are just interested in the price of bitcoin i know people who hold for long term but still like to speculate and engage in predictions