Topic: Is Speculating A Bad Thing? - page 4. (Read 1625 times)
Not at all. I never thought that speculating is a bad thing. It actually boosts confidence of people to invest more in btc. If a person is new and reads about the speculations of other users there will be a huge possibility that person will act accordingly. There really is nothing bad about speculating. Since what we are speculating is also inclined with the current trend of btc whether it will profit or lose and on what percentage.
Anybody using bitcoin right now is speculating, even if they have an immediate use for the currency they bought. If you think about it, there are only 21 million bitcoins in existence and plenty of those have already been lost - it requires speculators to factor potential value in all the time. Even the stock market has speculators and work with similar market forces in place. People will always try to find a way to make profit with currency trading.
If Bitcoin hadn't been speculated upon, it would still be a programming obscurity. Nothing happens without it. Some can also argue that it's damaging its viability in certain aspects, but there wouldn't be something to damage without it.
I think Speculating is a not bad thing but I think this still depends on how we use our speculations, but since we are talking about speculating prices and stuffs, there is no bad thing there. We are making a fortune out of predictions and speculations, bitcoin is so volatile so we must have a speculation or a prediction to match what might happen and use that to earn ourselves great profit.
No, speculation is actually a very good thing. It helps to determine the real open market value of something, so economy can work properly. If prices were dictated by some central organ, it would be planned economy like the one that was in Soviet Union - time has proven that it doesn't work, because without market signals it's impossible to allocate resources efficiently. Those who hate traders are usually just envious of them, because it looks like traders are just making easy money. But in reality it's a very hard job.
I will surely give credits for speculators that saying their side if they have a solid evidence about the fact on what they are speculating and it is really a good thing for bitcoin if all speculation are in a positive way that means many users will just hold their bitcoin and wait for the price to surely comes up, but if all are just negative or giving FUD to the community then it will be worse to the value of bitcoin because many users would sell out of fear.
Speculators are required for every asset class. They are the people who provide liquidity to the markets. If everybody thinks it is going to go up by 3% every year and there are no speculators around, trading volumes will plummet.
Admit or not, we are all speculators here. And it is just a logical thing to do...why would you invest your money and time if you think that it would not grow or it would just remain the same? All of those people criticizing Bitcoin because of its speculative nature are people who are actually afraid to jump into the water and get wet.
We who are brave enough to jump and get wet in the process are the people who will get benefited when Bitcoin can soon land in the moon...it is just a matter of holding into it and never get tempted to cash-out.
Speculating is not at all a bad thing as to be honest this is one of the many factors why we have people getting into Bitcoin. Will this speculation lead to that dread bubble as shown by other historic bubble collapse in the past? Only time can tell but I do believe that Bitcoin is different...comparing it into tulips seems like a bad idea and doing injustice to Satoshi Nakamoto.
But then again...am sure there are those who believe that speculating is a bad thing for Bitcoin...so give me your reasons why you think so...
We who are brave enough to jump and get wet in the process are the people who will get benefited when Bitcoin can soon land in the moon...it is just a matter of holding into it and never get tempted to cash-out.
Speculating is not at all a bad thing as to be honest this is one of the many factors why we have people getting into Bitcoin. Will this speculation lead to that dread bubble as shown by other historic bubble collapse in the past? Only time can tell but I do believe that Bitcoin is different...comparing it into tulips seems like a bad idea and doing injustice to Satoshi Nakamoto.
But then again...am sure there are those who believe that speculating is a bad thing for Bitcoin...so give me your reasons why you think so...
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