That's true, it doesn't matter which is better so far people keep using Bitcoin for different purposes then it's a plus for Bitcoin, using it for whatever purpose is part of adoption and shouldn't be compared in terms of knowing which is better cause they're all serving same thing which is helping the coin achieve more adoption.

Also true, everyone can't use Bitcoin for the same thing, while some use it as a store of value, there are others who think trading with it is their choice or using it as inflation hedge and so on.

Large adoption by institutions has a positive impact on market growth, but there are still concerns from the market that could trigger significant volatility if large holders encounter problems or sell all the Bitcoin they own. If this is not balanced with strong enough buying power, the market could decline severely. There are such concerns, compared to small scale adoption of Bitcoin usage which may grow slowly but carries less risk. All adoption is still good for us who want to seek profits.

Good point but remember that not all large scale investors would sell at the same time, while some are selling there are those who would continue holding therefore even though the market drops, it can never drop drastically to the point that everyone would get scared of selling what they're holding, it’s something that's never happened in Bitcoin's history.

Large scale investors have their roles to play in demand and supply like traders too that's why anyone would be right to say that all forms of adoption is important in the progress of Bitcoin, although those who hold it longer play more role in making it valuable.

Looking at how their involvement is affecting markets, I think it's 50/50 but these guys also do the most damage because a big sell isn't just a sell.. it's news in the making and what follows is herd mentality as people will follow the flock and sell too! Best example is Strategy, everytime these guys sell, it's never goes unnoticed and markets react to this unfortunately.

Then we retail users unfortunately don't have the volume for big moves but does count for something..

More investors hold Bitcoin and more people use Bitcoin for daily uses will increase the level of trust of Bitcoin among people. Sure, both bring positive contributions for Bitcoin existence. The price of Bitcoin in the market will also depend on those adoptions. The more people use Bitcoin in both adoptions, Bitcoin price possibly becomes higher although there must be fluctuations in the price.

Why? People can buy Bitcoin with small number. So, it probably will be always affordable for all people. It is one of the advantages of Bitcoin that people can buy Bitcoin even with the amount of money under $50.

I don't think coming into bitcoin is still about bitcoin adoption. Making money is the ultimate goal of the people, so why do they have to use and spend bitcoin when they can gain profits from it and make more money. Of course, no matter what angle it is, people would still chose to invest and make more money with bitcoin as long as its still sustainable. But when time comes that bitcoin price will be fixed and the only way to use it is to spend as a currency, that's the only time where people will push bitcoin adoption.

Satoshi might never realized the huge potentials of bitcoin as an investment, that's probably why he stick with bitcoin as a peer to peer currency.

I think they both are inter-dependent, this is what I mean: For Bitcoin to be used as everyday payment, it must have a wide spread adoption. Most vendors, service providers, traders etc. should adopt Bitcoin, right? Now, institutions and financial influential figures adopting it will not only improve the price, but will also make Bitcoin look very attractive to those who are still skeptical.

What I'm trying to say in essence is that, institutional and government adoption will create a strong impression of Bitcoin on the skeptical folks who are probably still on the sideline to hop in.

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I disagree with this statement. If you take a closer look at the mechanism of Bitcoin, there is something notable: the protocol rewards miners—this is a way to encourage them to keep the protocol running; this serves as a form of payment. When Bitcoin first came out, the price was 0, and it wasn't that huge, imagine price being that little, how much profit will miners be making eventually? Very little. If Satoshi had thought that Bitcoin will just be a peer-to-peer payment system alone—we all know this alone won't make the price soar as much as it did—then it won't be attractive to miners anymore—low price, plus halving the reward. This would ultimately collapse the network security. So I believe this your statement cannot be seen as fact. I won't say he foresaw it too because I can't say for sure what was in his mind.

There are only a few governments who explicitly ban Bitcoin payments (Indonesia was mentioned here, I think this also applies to Turkey still).

In most countries where it's recognized as a commodity or not classified at all into an asset category, it is simply considered bartering if you "pay" something with Bitcoin.

Indonesia, to really ban it for payments, had to re-classify it as a financial asset which is subject to special regulations. This means: Governments who want to ban it, must ban it explicitly. This is exactly the other way around than having to "recognize" it.

IMO tax laws are more problematic in most countries for the payment function of Bitcoin, in particular those like Spain where crypto transaction activity has to be reported to an authority (most governments don't require that, but they may require to declare "income" due to Bitcoin price increases, backing it with the data of transactions.)

Yes, I agree with you. Some people do not understand that Bitcoin is a store of long-term value. There are many who sell their holdings greedily after seeing small gains in the market, but if they hold these holdings for a long time, their profit can be several times more than the small profit. For example, if we talk about a few years ago, we will definitely see that the person who sold his holdings greedily after seeing a profit of $ 100 has now been deprived of the opportunity to make a big profit.

Until we see Bitcoin as a medium of exchange in the world, we may be able to profit from Bitcoin as an investment asset and our chances of making a profit in the long term are much higher.