Agreed 100%! It is indeed glaring to everyone how complex things are in this space and for the fact that most investors see it more as an investment and would rather hold than spend considering the level at which the value can reach eventually has made it more of a speculative asset than for it to be used as a currency.
We also cannot expect things to happen overnight, as all these things will be a gradual process until we achieve equilibrium, and this is where the idea of having a somewhat less volatile value will come in, but we all know it is actually not that easy and like you said, it is really easier said than done.
When there's a price, there's an equilibrium. As soon as anything hits the market, equilibrium comes into position. There'll be some point,where the market would be in disequilibrium, only to go back to the equilibrium point at a later stage. We also cannot expect things to happen overnight, as all these things will be a gradual process until we achieve equilibrium, and this is where the idea of having a somewhat less volatile value will come in, but we all know it is actually not that easy and like you said, it is really easier said than done.
People don't understand at all,that there is something called economics, and that plays a big role. I feel bitcoin is somewhat headed to the same 1929 The great Depression scenario, people didn't realize that economics is also dealt on an entire economy level and not just on a micro level. But in bitcoin, people don't even see anything of it related to economics. Its disappointing that more stupid people are involved in it,and not more smart people.
