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Most would likely fall into a "speculator" definition, as they don't actually use bitcoins for transactions - therefore they aren't really "adopting" bitcoin, b
by kitcar 13y ago
Most would likely fall into a "speculator" definition, as they don't actually use bitcoins for transactions - therefore they aren't really "adopting" bitcoin, but rather are just stock piling something in hopes it goes up in value in the future.
I.e. if I buy 20 new xboxes but leave them sealed for resale before Christmas, I'm not really an early adopter, instead i'm just a speculating opportunist, even though I did purchase the consoles the day they were released - the same time the "early adopters" did.
- philix001 13y agoWhat if they use BTC as a store of value and not a currency?
- LearnAndBurn 13y agoI appreciated your comment. It's easy to overlook definitions and categorically group things based on simple criteria checking. People who are currently buying BTC is a shared characteristic of (1) speculators, (2) early adopters, and (3) probably other actors. Regardless if they are speculators, does their initial reason for adoption matter to the definition of an early adopter? Speculators may at any time become users, and normal users may at any time start speculating.