Is Pure Bitcoin Speculation Dead by 2023?

[suzanne5223]

Having said that, Bitcoin may be volatile in nature but there's no asset in the world that's stable in price and this is the reason speculation can never be separated from every asset market.

To be fair bitcoin is not an asset and was never meant to be an asset. It is a currency that needs to become money hence this much volatility is not good for it at all. The only hope we have is for bitcoin to slowly decrease its volatility and big unpredictable swings, and since so far we have seen that we remain hopeful.

You have a point because the goal of Satoshi was to create an alternative currency that's governed by the Feds, central banks, or institutional banking but the potential, benefit, and opportunity presented by Bitcoin make people use it as an asset. Since this had happened we can literally call BTC an asset.
Having said that, In this current market, I don't see the volatility increase unless more country legal it as legal tender or the total 21 million coins is mine.

Even at that time period the community is strong. Think of the present situation. The number of users and the market available have increased drastically. To destroy bitcoin is not gonna happen. The market being volatile is the best part and no asset have got high volatility as cryptocurrencies. It is high risk asset than the stocks and other forms of investment. The market by development is speculative.

Bitcoin volatility may be a great advantage but it's also a great disadvantage. A lot of people are hoping the volatility can be reduced and I don't see it happening if the 4 cycles remain and there is no much support from the government.

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[Inwestour]

There won't be any more excitement when that speculative nature isn't there. To tell you the truth what excites the community is the speculation around Bitcoin. Remove speculation from this industry and you will have it muted. Look at how the stablecoins are. There's no excitement there. People want where they will place their money in expectation that it will come out with a better ROI.

Invariably, OP should know that speculation is an ongoing thing in this crypto industry. It can't be dead.

Stablecoins are just a tool that allows you to fix the result of investments, or wait for some time, maybe a fall time, but this cannot be an investment tool. And bitcoin is something that can bring good profits, it is an investment tool and this is what attracts investors. The more expensive bitcoin becomes, the less likely it will grow in the future, but at the moment it is still a very attractive investment

[BlackHatCoiner]

Speculation exists. It did, more intensely a few years ago, and I believe it'll drop as times goes by until there's mass adoption. Nobody sees USD as a speculative asset (except Forex traders perhaps), so maybe what's needed is further adoption for the most part. Most Bitcoin holders just swap fiat for bitcoin, and that's all they do.

[Famith]

Having said that, Bitcoin may be volatile in nature but there's no asset in the world that's stable in price and this is the reason speculation can never be separated from every asset market.

To be fair bitcoin is not an asset and was never meant to be an asset. It is a currency that needs to become money hence this much volatility is not good for it at all. The only hope we have is for bitcoin to slowly decrease its volatility and big unpredictable swings, and since so far we have seen that we remain hopeful.

Yes, the meaning of Bitcoin is not just for cryptographers to speculate, but a product based on currency, which can open up a new worldview and values. It is absolutely impossible to interpret from Bitcoin only Financial value, as well as a social mechanism that belongs to the future world's transparency, truly achieve fairness and transparency, and let the blockchain enter everyone's life.

[Marvell1]

Someday bitcoin will actually be used for SoV/payments and not just solely for speculation — but I definitely don't think it's in 2023. If anything, it'll probably take more than a decade.

There won't be any more excitement when that speculative nature isn't there. To tell you the truth what excites the community is the speculation around Bitcoin. Remove speculation from this industry and you will have it muted. Look at how the stablecoins are. There's no excitement there. People want where they will place their money in expectation that it will come out with a better ROI.

Invariably, OP should know that speculation is an ongoing thing in this crypto industry. It can't be dead.

Indeed, it is a fact that many people are looking for ways to hide, if the volatility or speculation of bitcoin disappears, bitcoin will be less attractive, and probably no one will care about anonymity, and decentralization anymore. To be honest, I am here for profit, and I am a speculator, if bitcoin becomes stable and unprofitable, I will leave it and look for a market where profit can be made.

Satoshi's goal indeed is to create bitcoin as a currency, a peer-to-peer payment method without banks or intermediaries, it is really cool but not attractive enough for it to attract everyone. Profit is what we care about.

[_BlackStar]

The first decade has passed, and we all know what bitcoin has achieved. Adoption has grown rapidly and bitcoin has gotten stronger to the point where it has managed to win government support ^{[some countrie],} so it is only natural to expect bitcoin to not only be a speculative asset as it has been used as a medium of payment in its use cases.

We can all expect better growth in its use case and more adoption on its way into its second decade. This is all the more obvious as governments in various countries have talked about it more often than against it. I know that's only partly because some governments still think bitcoin is a threat to the environment from mining, but I guess that's just one of those myths that can actually be debunked.

[BitDane]

Someday bitcoin will actually be used for SoV/payments and not just solely for speculation — but I definitely don't think it's in 2023. If anything, it'll probably take more than a decade.

There won't be any more excitement when that speculative nature isn't there. To tell you the truth what excites the community is the speculation around Bitcoin. Remove speculation from this industry and you will have it muted. Look at how the stablecoins are. There's no excitement there. People want where they will place their money in expectation that it will come out with a better ROI.

Market won't be alive and thriving if the speculation aspect is not present.  Speculation is what fuels the trading, since I believe that it is the core of the marketplace activity aside from the supply and demand.

Invariably, OP should know that speculation is an ongoing thing in this crypto industry. It can't be dead.

Indeed, I know that speculation in Bitcoin never ceased to exist but Pure Bitcoin Speculation do.  Actually pure Bitcoin speculation had ceased long time ago when companies adopt Bitcoin and some countries acknowledge it as mode of payment.  From that there is a basis of growth for Bitcoin and not just pure speculation that Bitcoin will grow out of nowhere.

[lepbagong]

The first decade has passed, and we all know what bitcoin has achieved. Adoption has grown rapidly and bitcoin has gotten stronger to the point where it has managed to win government support ^{[some countrie],} so it is only natural to expect bitcoin to not only be a speculative asset as it has been used as a medium of payment in its use cases.

We can all expect better growth in its use case and more adoption on its way into its second decade. This is all the more obvious as governments in various countries have talked about it more often than against it. I know that's only partly because some governments still think bitcoin is a threat to the environment from mining, but I guess that's just one of those myths that can actually be debunked.

Technological developments cannot be stopped and there will always be updates and updates, as well as bitcoin, although there are still many who cannot accept its presence, of course, everything is adapted to the situation of that country. I agree with you, that there are certainly more countries that agree with the presence of bitcoin than those that still reject it, but gradually all must also adjust to the situation that will indeed occur, this cannot be avoided.