End Game?

[sapnu]

Hopefully I'm not alone in this thought but what is the end game? The way I see it is that these last few years of price movement is just price speculation. Complete idiots are putting money in this machine and expecting a profit. Too many people don't know anything about how BTC even works.

I just don't get it. Am I just maturing in my opinions of this industry? What is the end game here?

I know what I did, bought low and sold high and moved along. My profits are measured in my local currency, I don't see how BTC will ever fill that void to be universal.

Do we just wait patiently, buy the dip over the next year or so, and sell our bags to the next wave of dreamers? I miss the days when BTC was just this interesting internet money that was on the darknet.

Thanks for reading, would love to hear if anyone else has these thoughts on a daily basis.

Bitcoin will have a great future soon, we just need to be firm in our investments. Just keep buying during the low and selling on high, let us learn how to play this game and avoid being a slave on the system the world has given has. It is quite confusing why most of the people chose to stick on their unhealthy and lifestyle that is not progressing. They should know and learn that bitcoin and other crypto offers them breakthrough from that cycle they are stuck into. The end game will be defined of all the things you are doing in your life, do not settle for less, find a way to escape the slavery brought to you by the world.

[finaleshot2016]

If merchants start to give discounts for people that pay in Bitcoin ... adoption will increase and this experiment will succeed. (Most merchants can give a little "reward" or "incentive" for people paying with Bitcoin.. because they are saving on Banking fees and handling fees with Fiat) 

I doubt some will provide discounts in BTC because that is what they require and will keep in case another ATH occurs. Perhaps promotions such as offering them more or perks, reward or incentive, such as what you've mentioned, are better if they pay with bitcoin, as this will encourage more people to utilize cryptocurrencies.

Another point is that I believe banking costs are cheaper than BTC, yet BTC is sometimes cheaper than fiat, if a market meltdown occurs, it will always depend on BTC.

[ziennakarishma21]

In the end you are thinking very negatively, BTC will continue to grow in the future and your way of thinking is so negative that people who do not understand about participating become afraid. Everything will be fine if you think in a positive way.

[paxmao]

You do not really need to understand everything about bitcoin to get some and use it. Fully understanding all aspects would require degrees in economics, computing, psychology, computing sciences... There are so many aspects just on the technical side that it is quite difficult to apprehend. The good news is that it is not at all necessary to understand all these aspects, you just need to understand how to keep your keys safe and how to make the basic operations. Let me put a simple example, you do not need to know how to make antibiotics, you do need to trust them and know how to take a pill.

Re adoption, there is no more end game that there is for Euro or USD.

[South Park]

Hopefully I'm not alone in this thought but what is the end game? The way I see it is that these last few years of price movement is just price speculation. Complete idiots are putting money in this machine and expecting a profit. Too many people don't know anything about how BTC even works.

I just don't get it. Am I just maturing in my opinions of this industry? What is the end game here?

I know what I did, bought low and sold high and moved along. My profits are measured in my local currency, I don't see how BTC will ever fill that void to be universal.

Do we just wait patiently, buy the dip over the next year or so, and sell our bags to the next wave of dreamers? I miss the days when BTC was just this interesting internet money that was on the darknet.

Thanks for reading, would love to hear if anyone else has these thoughts on a daily basis.

The end game was stated by satoshi, bitcoin is to become a currency and it can be used this way right now, however its main use at the moment is as an speculative asset and I can understand why you are frustrated about this, after all when bitcoin was used on those dark markets its main use at that moment was as a currency and not as a trading asset, so I can understand why you are disappointed with the current reality of bitcoin, but eventually we are going to reach the point in which you can use your bitcoin to buy whatever you want no matter where you are but it will take some time.

I'm not sure I will want a world where Bitcoin is the SOLE method of currency. As an option, I can get with that. I tend to believe that (random number) 50% of value exchanges are done with people who we can't trust to be scammed or to accidentally send a non-reversible transaction. Thats what scares me. One can hope that the new generation can have a higher average IQ to trust with this power.

I do not think you have to be worried about it, even if there are only cryptocurrencies in the future you can be sure there are going to be many options, from those created by the government to those created by individuals that will compete with bitcoin, the chances of a future in which there was only one currency printed by a government were low but now thanks to bitcoin that will be impossible, however I think the first mover advantage that bitcoin has is going to be more than enough to allow it to become the most popular cryptocurrency in the future and it will be accepted almost everywhere in a few decades, fulfilling the vision of satoshi.