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<blockquote data-quote="LarryBird" data-source="post: 4106701" data-attributes="member: 76548">Whether or not they want it doesn&#039;t really seem like it matters at this point. Bitcoin is not something that seems like it will replace fiat currency, because it hasn&#039;t been widely adopted outside of a small subset of tech nerds, it&#039;s not easily spent, and because of it&#039;s wildly fluctuating value and growth potential it&#039;s turned into just another investment vehicle - closer to a stock or commodity than a currency in my opinion, something people buy and hold or day trade.Bitcoin was closer to the goal envisioned back in 2011 when it wasn&#039;t worth much more than the us dollar imo. People actually used them. Nobody really uses them anymore that I see. Sure, places like overstock accept them, but who&#039;s going on there and buying a rug with bitcoin that might be worth 5x or more what it is now a year or two down the road.So to really have real world value and use now, you&#039;ve got to go to an exchange and trade them for fiat money. Which just doesn&#039;t jive with your position that the early adopters don&#039;t care about being rich and are holding their bitcoin because they don&#039;t want fiat money - they are holding their bitcoin because of it&#039;s potential to make them richer than they ever imagined possible when they started buying crypto. If this wasn&#039;t the case, they&#039;d be more easily spent and widely accepted by now, and their only value wouldn&#039;t be measured by how much fiat money they&#039;re worth. People would be using actual bitcoin for goods and services, which again they really don&#039;t.That&#039;s how I see it anyway. But I could be totally wrong. I&#039;m not super well versed in crypto, just stating my observations, and I&#039;ve already posted above on this page what the early adopters I know have done.</blockquote>

[QUOTE="LarryBird, post: 4106701, member: 76548"] Whether or not they want it doesn't really seem like it matters at this point. Bitcoin is not something that seems like it will replace fiat currency, because it hasn't been widely adopted outside of a small subset of tech nerds, it's not easily spent, and because of it's wildly fluctuating value and growth potential it's turned into just another investment vehicle - closer to a stock or commodity than a currency in my opinion, something people buy and hold or day trade. Bitcoin was closer to the goal envisioned back in 2011 when it wasn't worth much more than the us dollar imo. People actually used them. Nobody really uses them anymore that I see. Sure, places like overstock accept them, but who's going on there and buying a rug with bitcoin that might be worth 5x or more what it is now a year or two down the road. So to really have real world value and use now, you've got to go to an exchange and trade them for fiat money. Which just doesn't jive with your position that the early adopters don't care about being rich and are holding their bitcoin because they don't want fiat money - they are holding their bitcoin because of it's potential to make them richer than they ever imagined possible when they started buying crypto. If this wasn't the case, they'd be more easily spent and widely accepted by now, and their only value wouldn't be measured by how much fiat money they're worth. People would be using actual bitcoin for goods and services, which again they really don't. That's how I see it anyway. But I could be totally wrong. I'm not super well versed in crypto, just stating my observations, and I've already posted above on this page what the early adopters I know have done. [/QUOTE]

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