I wonder if I can offer an opinion without causing (or adding to) a flame war...
Based on what I've seen on the roads, and also based on my own personal style, Bike Riders and Cyclists are broken down into two groups:
Cyclists
Think nothing of spending $7500 on the latest, most high tech, CF with Di2, racing style bike.
Lycra is not just required, it is mandatory!
Favorite riding position = aero bars, seat up high, body crunched up minimizing wind resistance.
Are sometimes oblivious to others (i.e. "bicycle wave"), and focused on maintaining a 25mph A Pace.
High knowledge of racing bike brands. Can recite specs right out of a catalog from memory!
Bike Riders
Some may wear lycra, some may not.
Are a little on the frugal side and try to wait for sales, or will buy last years close-out model.
Sometimes don't see the need to get from Point A - Point B in the fastest time possible.
Has a different bike for different needs:
- - Can hang with the Cyclists (as listed above).
- - Can hang with the Mtb riders and get all muddy and grungy, and enjoy it!
- - Also can enjoy a relaxing, family style, charity ride for a good cause.