So Tesla bought and sold some Bitcoin. That is just the market at its best.

The article has little mention of Elon Musk, just beyond the title.

When it comes to the market, some will sell, others will buy, that's precisely how the market works, and that is something suitable for everyone at the end of the day.

But you see, many of the affluent investors are not in the crypto world because they believe in the projects that they buy, they are here to make fiat currency, and of that not only the rich are guilty of, but also the regular person as well. Many don't understand why Bitcoin was created in the first place. They think it is a great asset to get rich tomorrow, and the influencers are not helping either. YouTubers are also doing the same thing buy because it will only go up and up, and they are not teaching newcomers why you need to hold Bitcoin or any other crypto asset for their intrinsic value, which is money.

That is also why many people are not buying Bitcoin Cash either, and they don't understand that Bitcoin BCH was created as a response to banks printing money left and right. That Bitcoin BCH is supposed to be a free-market solution to the issue of money printing by governments and central banks. They don't understand that they also need a peer-to-peer currency that is, in reality, a currency with meager fees. They don't even know that you must first be a currency to be a value store. After all, what good is a store of value that you can't use? And in the case of the fake peer-to-peer, your money will melt away the moment you use it. That's not a store of value. It is con money put there and sustained with lies.

I have many friends that heard about Bitcoin and saw the price pump of 2017, and now they hold crypto assets because they also want to do what those Bitcoin early adopters did. They want to make more fiat money, and that is it, but they don't even understand, nor can't be bothered to understand why it was created in the first place, and as such, they want to make more fiat, which wrongly they called money.

And I think that at the end of the day, those people seeking more fiat will only discover that they either lost money or that they didn't make as much as they thought they could make. The reason is that they didn't do their homework before getting into this space; if people were to be buying Bitcoin because of the idea of getting rid of the money printing machine or the peer-to-peer notion, they would not be buying Bitcoin BTC. They would be buying BCH. So most people buying today are doing it because they are speculating and trying to get rich with minimal effort.

That means that the market will probably take a wrong turn for those trying to do that. At the moment, Bitcoin Core is just that a speculation asset; it is not a peer-to-peer currency nor a store of value whatsoever, just speculation, and as such, people are putting their money into it. Still, Bitcoin has a nasty surprise for them waiting, it is expensive to use, and it will sure pump maybe to $100k or even more. Still, you will notice that as the price goes up, so will transaction fees, and suddenly without seeing, the cost would come down. Those transaction fees will get even higher as the price comes down, and those with little money will have no choice but to see a crash because their holdings are not enough to pay for the transaction fees.

I noticed that at $100,000.00, you would only buy 0.001 BTC with $100. I think that once the market goes high enough to that price and even beyond, the transaction fees could go from 0.0005 to 0.01 BTC or even more, which means that if you put $300 into BTC once a price is $100k and fees go to $100 you will be essentially melting your money away in just three moves. But people will only realize this until they are in a crisis or emergency scenario.

At least the rich have enough money to pay for $1000 transaction fees. If they need to bail out, they will get out in time, probably with all of the profits, while the poor person will have to wait until transaction fees have come down, which means that price would have collapsed a lot for people to stop using the network.

And I have many friends that today are involved in the crypto ecosystem, but they haven't done their homework, and unfortunately, you can't save everyone. Only those who can protect themselves can be saved. At least if you are reading this article, you have an idea of what might happen in the future when it comes to price, speculation, and transaction fees.

Now those that hold and use Bitcoin Cash won't have that problem. Still, the only thing that we must do is educate those willing to be educated and try to spread Bitcoin BCH to everyone. Still, when it comes to BCH, I think people will find out about BCH once they realize that what they bought doesn't work as they thought. Until that time, we must keep on having content available for newcomers so that they like us can find Bitcoin Cash.

At first, I didn't hold Bitcoin Cash and even sold my initial airdrop from the fork. It was not after I realized those transaction fees were too expansive for my taste and after trying the LN solution that didn't work either that I tried to find a solution to the high costs. If you try to discuss high transaction fees in the BTC forums, you will be sent in circles. First, use SegWit; after that, LN. And when you have tried all, and if you are still complaining about high transaction fees, you will either be banned directly or shadowbanned. If you learn that more giant blocks are the solution before trying the gimmicks, they will censor you right away.

Bitcoin Core forums don't want you saying that more giant blocks are the solution for high fees. They want you to try all of the vaporware so that in that time, maybe you give up on the topic of high transaction fees or that you go in circles when it comes to costs, but at some point, you will realize that Bitcoin Cash is the solution because BCH works.

From my perspective, people must learn by either experience or knowledge passed on by others. I do think that when it comes to Bitcoin Cash adoption, many people will understand once they try Bitcoin Core. Maybe a few will get the memo by just reading, and that is why I always encourage people to use Bitcoin Core and use Bitcoin Cash both at the same time. That way, they can learn faster, and that knowledge is experienced. You can't censor that because that kind of experience is better than what 100 articles could teach you.

Conclusion.

Many people are getting into Bitcoin, and the whole crypto world is doing it because they want to make more fiat, and many of them don't understand why Bitcoin was created in the first place, nor can they be bothered. But eventually, they will learn that Bitcoin is supposed to be a peer-to-peer currency first and other things after that. As such, people, little by little, will find Bitcoin Cash, but until that time, those who understand must continue in the vision of making it easier for newcomers to know why they need Bitcoin Cash BCH and maybe not other assets. We must teach the theory behind the practice, in my opinion.