Topic: Is Speculating A Bad Thing? (Read 1625 times)

True. Traders do this all the time even in the mind they speculate what will it be, but you cannon precit how it will be every time. You guess in one of many possible scenarionr or way to increase your income. Also speculating is more better after some experience in some field or for some particular coin.

There is nothing wrong of being speculative and we need to do more speculation for us to get more out of the market. Bitcoin has been doing well and for those that buy from beginning are really having a nice time now. The temptation to cash out is in all of us and self control is the solution to it.

Just to buy is a little speculative in my opinion. You buy because you expect it to go up and sell someday, so you "speculate" (i.e: guess) that the thing you buy is going up.

That is far from having the intention to buy, sell rebuy lower... etc. but it is speculative in some sense. You can be moderately speculative (it will go up so I buy) or highly speculative (it will go up, and then down, so I buy now, sell later, rebuy... etc.)

When you become to trader, you also are speculating because nobody can predict the price of any cryptocurrency exact in future. Therefore, speculating very normal with me, even I love speculating because it look like as try my luck.

I don't think speculating is a bad thing because it gives us hope that our investment will really make profit but there are also those who speculates negatively so it really depends on you yourself if which of those you believe in will benefit you. And yes we are all speculators in our own way, we all have our doubts and of course we strive to make a positive effect out of these speculations and to each his own.

Speculation is not a bad thing, thinking too much over it is. It's good if we have decided that we will put our money into something we believe that it will achieve the expected target some day soon, but then if we think too much and watch out every time it crashes and think to get out in panic when the price plummets with or without any reason then it's not fine at all. It's seriously great to believe, but the best part is to stick with it till we achieve it.

Why would it be a bad thing? In the first place, it is about an individual's prediction or perspective on a certain situation. It is normal especially on things related to business. People are speculating based on the present or things that they are experiencing, as a user  I am speculating because I want all of the things to be planned. Speculations may also help an individual to avoid loss of money if he/she already predicted that it won't be a good idea.

You can look in to this from both angles. And this is true its good and bad.
But this is just opinion if you look little bigger yours/mine/his/hers and in the end it will be like we want to hear it or read it. You can take this or that speculation what you want cuz in the end speculation is form of a theory without any hard evidence.

Speculation is both good and bad, there is no easy way to say this but that is the truth my friends.
Speculation sometimes help pump the price of certain coin when people hear some great news about that very coin.
In the other hand, speculation may also be used to create "Fake New" to destroy or dump certain coin by competitors or big whales.

That is what decentralization is all about. Speculations has had been in existence ever since and this is one of the essence and practice of the world of business. When we buy and sell we are actually speculating that we bought at a lower price can be sold at a higher price. One side of speculation can be bad in general sense but how do we know if one is investing into something as an speculator from one who is not? It is impossible to know though we can draw from conclusions on general data.

Speculation then is a very subjective matter and the only who knows if one is speculating is the person who is doing it. In a decentralized system, nobody will assessed someone's moves and decision and nobody wills top anybody from doing so. And whether this situation can be bad or good depends on what can happen later with Bitcoin...will there be bubble to burst because of over-speculations? We will witness how history will unfolds itself in the coming months and years...

No doubt speculators provide order flow to the markets, but in most market structures speculators are not considered liquidity providers. Liquidith providers have a tendency to stabilize prices. Speculators and parasitic traders on the other hand tend to create pumps and dumps.

Speculators are mainly the people who need to direct others to invest in something or sell something out. They don't make analysis and research before they start to specuate about something. They do this on purpose for their own benefit.

Lol, It is luck based, speculation is not really related to knowledge maybe some of the specualtion is based on knowledge and researches but still it produces wrong results, speculation is not bad at all but using it without even using the 'gut-feel' and the knowledge and the skill that speculation needed is dangerous , specially if there is a big amount involved in that speculation process.

Bitcoin has an unpredictable nature. Also, since we are speculating about the future, the unpredictability is very high. Since Bitcoin is unpredictable, the only way we can do is to have some speculations and expect it to happen. Nothing is really wrong about speculations. It's just how we deal with unpredictable things.

Speculation is necessary to determine the real market price. Due to them, mass ups and downs of bitcoin cost take place. Yes, in fact, each of us is a bit of a speculator, since everyone is looking for a way to make a profit when trading currency.

Speculators are required for the people to get balance everything by everyone's opinion. This is only up to the people if they want to believe to what the speculators tells them what to do. This will also be the guide for those new comers to bitcoin, and this is how they will learn through the speculators idea's.

Speculating is normal, it will be fine to predict the value as long as we have our plans and that we believe that btc will pump as much as it can. Some were speculating too rude that they make fast decisions that will regret soon.

I think it's not a fair thing all about making speculations because making it as a tool for chaos is a big mistake, and unrighteous to all people. However it's agreeable that it has no basis of any reasons to be reliable and not a good source of informations which we can depend on how we decide on the situations in either ways selling or buying bitcoins. That sometime had caused the btc price to fluctuate even more which made other investors into regrets afterall because strong holders really invest and take risk despite of negative specualtions.

Speculation is an individual opinion in a topic and nothing to do with anyone. If you wanna believe in someone's speculation it's all up to you. It's not bad to speculate as you just trying to make a prediction in some matter. Yes sometimes it make something to hype and other people use this as a tool to make a chaos. Otherwise, speculation has no scientific basis and people just base it on what they seen and heard.

i also think that there is nothing wrong in speculation, in fact speculation is not such an easy think. only expert and experienced people have the ability to speculate about the price of bitcoin, i think one can become an expert if he will spend a good time in the market and will do a good study about bitcoin and other altcoin market. but still it also depending inner ability of a person which is God gifted and do not have with everyone.

I dont see anything wrong with speculation. I really like to speculate about coins or cryptocurrencies, if we dont speculate then most of us would not buy altcoins/bitcoins anymore, it is simple as that.
Most of us use to read the speculate forum section on this forum before buying any coin, and that is the same that i do everytime i invest in anything new.
maybe speculating too much could be risky, but i dont see any problem with it.

Speculation will always be there when you are in decentralised market. Speculations can be negative or positive. It can't be called bad. So much is happening all around the world. A single news can bring a crash in the market as happened yesterday with China's ICO bans. Market is highly volatile and speculations are integral part of crypto market and somehow it is needed for driving price.

I wouldn't call it bad. A bubble also isn't "bad" it's just an economical phenomenon. It's like a business closing down. You can't say it's bad, because it's just an action. Maybe the owner has earned more than enough and is shutting down to travel the world?
Speculators are needed in a healthy economy, they are a bit like merchants, constantly looking for new opportunities to make money, but at the same time not producing anything themselves. One could say merchants are living off other people's work, but we all know it's not like that

Speculation is risky, sometimes foolish. It distorts the market and exacerbates bubble cycles. But... One of the bitcoin values is that your money is your business. We don't tell each other what to do with each others money. 

Speculation is not bad at all. Correct Speculation cannot just come with lot of knowledge or luck, it is rather a god gift ability to think of the future. I have a friend of mine whom i always ask where the bitcoin price will go from now on and every time he give me correct answers as he has so much good speculation skills.

Speculator is the word for people cannot understand the type trading of them and they are gambling their money in crypto market. For me, I always spend my time for create some plans for trade a altcoin before I start buy/sell it.

Speculation is to make a big leap that results for ourselves, whether it's good or bad. Speculating allows us to get better value as the interests many parties in it. Yes, we all who are in the cryptoworld also speculators. For wanting to be something of value.

speculation is everyone's choice. the result of speculation simply can not be determined. the results can be profitable or can also be detrimental. nothing can ensure the speculation runs smoothly. so if we want to speculate then we must dare to take any risks. the risk of speculation is enormous, so with it all decisions we make can determine our future.

I think of it as the opposite. As a matter of fact, I think bitcoin speculation is not that bad for bitcoin it is somewhat good for me because it boost's price and somewhat contributes to the buy and sell force that makes bitcoin price to pump and dump. I think bitcoin speculating is part of it's demand and without bitcoin speculators, There will be lesser people here in this forum and lesser people to spread word about bitcoin so it isnt a bad thing.

Nonsense. Speculation is evil, but there is no mechanism of dealing with it so everyone has to adapt to life in such conditions. Any speculative operation takes money out of the economy and the people. When money is concentrated in the same hands it's always very bad.

Agree with you, speculating is one of the driving force of economy, of the trading business in particular. Speculating is the basis on the decision-making of every trader. Will bitcoin price go up or go down? Will I sell now or hold for a longer time? Shall I trade to other coins or convert to cash? That's the questions of each and every bitcoiner, trader. And that what makes the market alive, because the combined efforts of each and every participant in the market or economy is what runs the trade.

Speculation will be good for him if he will guess it with its nearest price since if he expect  huge on it and think that he will not sell his coin if the price didn't reach for that one Is the baddest decision he made. That's why we should guess more healthier so that we can sell whenever our expectation will not meet and yet we earn from little guessing.

Speculation is opinion of individual person and such can be taken how you think is good for you. If you think that this or that speculation can be good for your investment and buy/sell opportunity you will use it or you wont. This is how thing are working you will accept that or you wont accept it. This is mostly what you want to hear not what it will be.

Its not, Speculation is a logical thinking well it depends how do you speculate with analysis or not because all of us here are having our own speculations in bitcoins and many of us believed that it will go the the moon price in the future. Speculation is just a speculation and it has done a big part in positive outcome that contributes in bitcoins .

i not not everyone can speculate about the price of bitcoin in a right way. i think those people who have good experience in trading and investing bitcoin can speculate about the price of bitcoin in a good way, to me as i am still new in bitcoin therefore i do not think that my speculation about bitcoin will be too much worth.

If do not have speculators, we cannot earn profit on marketplace, this is rules at here and everyday, we are fighting for our life, our future! They are foods for us and sometimes, we also become to foods like them if our predict are wrong .

Investing is done though through research, understanding the fundamental, economies of demand and supply etc and accordingly the investment is made projecting the future forecast. While speculation is juts simple buying due to expectation of something good will happen or if demand is rising just invest in it and sell at a high price. Money can be made in speculation as well but basic fundamentals are all different in Investing and Speculation.

It is a bad thing bitcoin is a unique coin many people believe on what others say on this forum this sometimes leads many new investors blindly following and imagining that the price will surely reach and they end up buying at higher price when it falls they sell their coins at a huge loss

True. Every speculation is based on single user and what he think that is good for him or her.
Speculation is something that individual user see as his/hers opinion the subject in matter. Was this price speculation or something else.

There is nothing wrong in being a speculator from my own point of view because whether we like it or not we are all speculators as you have rightly pointed out but the difference is that some people are open about it, some others keep quiet about it but deep down within they share the same thought of those who bring it out in the open. But what will take it further is when we make effort to achieve the objective rather than expression of opinions that doesn't move things.

i don't think that speculating is a bad thing because as far as i know, with speculating we can make decision for our own price and with some analysis, sometimes our order can be filled or we can make profit. i admitted that sometimes i am using speculation when i am uncertain to determine the price.

It's okay to speculate , it's normal and natural but it will be a bad thing if you just speculate without thinking or even researching before doing a decision out of specualtion. It will become bad if you will not base your speculation on factual things and just speculate out of nothing.

There has been a lot of speculations regarding Bitcoin as a bubble which discourages some users and brings about fear, but generally I think that speculating is not a bad thing. It helps people make decisions and brings confidence for us bitcoin users. With the nature of bitcoin, it is but normal to speculate due to its volatility and constant price change. Also, if speculation is what attracts and encourages people to buy bitcoin then I think that it is then a good thing.

investing in bitcoin has never been a danger, with steady and strong growth, bitcoin is still the market leader. Besides, its potential is almost limitless when accepted by many countries.

not always speculation is a useless matter. sometimes with speculation we can take advantage of many circumstances to be able to take more opportunities. for example, the end of the month of July last bitcoin prices are still under 3000USD and now 1 month after the day we can see that the price of bitcoin has reached the price of 4500USD. This of course is speculation that produce a satisfactory result. so not always speculation will produce unsatisfactory things, then note again that bitcoin will always evolve all the time. so take a chance from now and do not forget to always be optimistic that there will always be improvement in next year.

Yes, if there is no speculation happening, the asset/coin will have no volume and eventually will die in an instant. Every fud and optimists are important to our system.

If you're speculating for only express your idead and opinions, this is not bad. But if you're trying to manipulate others for them to sell or buy something on purpose, this is not fair clearly.

Everybody makes speculation on the coin market for sure.

Bitcoin Speculators are those who plays important role of bringing changing information into the price value. I don't find anything bad in speculating, as bitcoin is volatile we all expect speculation if we are investing.

A speculation is something like an educated guess.
You have some reasons for your opinion, but you can not really be sure your etimation is correct.
I see nothing bad in that.
Who do you harm? When you put money in bitcoin, it's your money.
The speculation warners are people who are just jealous of other peoples success.

I think there's a chance we're at the moon already, dude.

As for speculation, it's natural and necessary. For you and me personally, it behooves us to not play around with the baby's milk money, so to speak.  There's always the chance to lose absolutely everything. Only play with dough you won't cry over when it's gone.

I mean... Everything is a speculative asset, so its logical.

I mean the only illogical thing you see here is the scatter bomb on dead coins hoping for the p&d.

Speculating is never a bad thing. In general, it meant making assumptions about future (although widely use in financial world).
Everyone speculate future. Government and businesses make budgets, companies make plans, investors make strategy. All these activities require speculation.
Bitcoin is no difference and when we all invest in bitcoins to make profits then what is wrong holding or dumping them on the basis of future speculation.

Actually people do not speculate on just about anything. For something to be speculated upon, it simply means that thing has the potential to worth much more in the future and nothing tells the exact story of Bitcoin better than that.

That's a fact, the early bird always has the advantage of catching the worm and fortune have always been known to smile on the prepared and bold! The moon expedition is on course and at the pace Bitcoin is cruising, we would likely land on the moon sooner.

Speculation is a strong statement of approval and recommendation that something is worth so much more and that begins to draw people's attention to the object. We can see that the adoption of Bitcoin have remained on the increase and that in turn, stimulates greater demand for Bitcoin. Apparently because of speculation, most people are hesitant to sell their Bitcoin, they rather settle to buy and Hodl, the resulting scarcity then puts pressure on Bitcoin, dragging its price up.

Some people will never like you or good ideas coming from you no matter how hard you try - they wish it should have been them instead of you and so setting out to please everybody is such a grand recipe for failure. You conquer such people by continually putting in your very best in whatever you're doing.

People's speculations are based on what they really want to happen. If i want bitcoin to fluctuate which i don't want to happen, i will only be discouraging my self so what is the use of working and trying here in the forum if i only want to speculate and anticipate bitcoin to fall? Speculations for me is somehow giving the push to hope for more and wait for more. 

Speculating is always been part anywhere on the field of investing which assumptions and estimates cant really be avoided to be spoke into the public even if they do tell realistic or unrealistic ones since anyone do really have the freedom to speak on their own views.As an investor we would really much speculate on where would prices would go since no one would able to see the future or the things ahead.

Digital currencies were truly speculative in nature, and based on this I don't think that speculating is not good. The entire market is based on the unpredictability. The prediction market is the one that makes the digital assets more valuable than the other commodity based assets.

I wouldn't say it's bad per-se, you need speculation to bootstrap it.
But the level of speculation within the bitcoin community is too much to be sustainable and will effectively kill the whole concept. But that will be done by the November hard fork already so it won't get to that.

A few years ago many of us were all excited to get merchants to accept Bitcoin, but nowadays the only thing people do with Bitcoin is buy and sell at exchanges, sell your tulips to the greater fool.
Almost nobody is using it as a medium of exchange or payment method.
All 99% of people involved in Bitcoin care about is to make more dollars out of it.
Which is sad in my opinion considering Bitcoin was invented to give people an alternative to current monetary and economic systems.

Speculation is what's driving a market up or down at the end of the day, and thus this is a crucial part of basically any market in the world. It's not for nothing that Bitcoin has been attracting a huge load of money from all sorts of entities in the last years - the massive ups and downs are what they look for, and what's the cause of these ups and downs? Right, it's speculation. We shouldn't forget that a large part of the investors/traders aren't actually interested in Bitcoin itself, or to use it as currency - for them it's purely a speculative investment tool.

I think you do not fully understand the problem. Speculators do now putting pressure on the bitcoin exchange rate and promote its growth. But what will you do when they withdraw their capital from bitcoin? Can you imagine how it could decrease the price and what is the panic? Speculators are bad, but we can't face them and adapt to conditions.

Hypothetically speaking if all speculators are expecting for the BTC to rise they will hold their bitcoins, alternatively some will also hold their coins and bring the bitcoin to the moon we need speculators the only bad thing about this is we are expecting irrationally sometimes low oftenly high, there's a complexion about this.

What should we really believe 

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...