quite literally everything could be used for speculative asset and not just cryptocurrencies in general, even stocks are quite frequently used for speculative purpose so it depends in the people themselves, but
cryptocurrency are already having quite the use case so it doesn’t just revolves around hype although it’s irrefutable fact that some of the cryptocurrencies are just being made for speculative purpose but seeing that there exist defi and NFT that actually
have real use case, more specifically NFT that has quite the enormous use case, i could quite say that cryptocurrencies as of now, are also have utilities backing its value and not just made out of thin air, but thats just my 2 cents.
Topic: Real life utility question - page 3. (Read 524 times)
I don't think Bitcoin's use cases have been fully developed yet. I think the use cases are very limited right now. I also think that in general, it's a safe bet that it'll probably grow significantly. But I also think that Bitcoin's factoring out of some very important stuff is going to be key: privacy, anonymity, etc. It's not a crypto thing, it's really just a computer science thing.
You can use crypto in so many different contexts. As we move forward, it's going to be an even bigger deal than we can imagine now.
You can use crypto in so many different contexts. As we move forward, it's going to be an even bigger deal than we can imagine now.
Crypto is pretty much still wild west. However over time the wild west will be tamed and something really strong and useful will emerge. I can already see that in the DeFi space. Compare DeFi for example with the old days 2014/15 and see the huge improvement in utility since then. There is already a lot of utility that can be obtained from blockchain technology. Several real life projects are underway utilizing derivatives of the ETH blockchain for example that includes clearing between banks and central banks.
Is it crypto which is the problem or is it human? Stable coins was created and those can be used by merchants if they want although I don't recommend it for personal reasons. But it is there. It's 1:1. So they won't have any problem with volatility but we don't see much merchants who post signs of "USDT accepted here". In my experience, I haven't seen one.
So, I have a feeling it's not crypto that is the problem but the courage to use it despite the volatility.
So, I have a feeling it's not crypto that is the problem but the courage to use it despite the volatility.
Cryptocurrency is actually functional in our daily lives but it is us humans who don't consider using and adapting it much. Most people still prefer using cash despite the existence of cryptocurrency. As for me, it only needs adoption and acceptance so more people would be able to see its worth as a currency.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
Depends on which cryptocurrency you’re talking about, not every cryptocurrency in the market has a high use case, it is mainly Bitcoin and Ethereum dominating when it comes to use case; these two has a lot of people making use of them for transactions and also lots of stores where they are being accepted and the usage rate will continue to increase as time goes on. And sure, there are also the coins that are nothing but a speculative assets. As for those mentioning that it has something to do with regulation, think about very well, does it really have to do with that? 
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
still in the stage tto of being accepted in the community because at this time crypto is still considered foreign in my area, to explain it is still difficult
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
What about before? crypto before is also considered to as a speculative asset so nothing have changed but btc isn't based on hypes. The growth of btc is natural, people are attracted to it because of it is groundbreaking technology although hypes cant be avoided in bitcoin, one example is the recent effect of the war.How can you say that real life use case are far when in fact it's already happening? If you want something to happen then you should act immediately, don't wait for others. What stopping this from happening is only yourself because your more on talks but less on action but anyway there's literally stopping this and that is the banning by the governments.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
I think because of the crypto volatility, cryptocurrencies like Bitcoin can be used as an investment asset, rather than for payment in the real world, aside from volatility issues the second reason might be this, as we know that we cant send crypto without transaction fees, and that was an additional burden to many users while using fiat there were no fees for transferring payments and that could be the reasons why the massive adoption was not happening yet in the real world. anyway, it's just only my opinion.
Bitcoin particularly is now more than a speculative asset, look at the war going on between Russia and Ukraine I'm sure you must have heard that many are selling their Fiat for BTC and USDT, crypto is more useful than anyone can ever imagine..DYOR.
Investing in the money market world is characterized by high risk – high returns and cryptocurrencies have become an important aspect of money markets for people all over the world and often provide good returns. In my opinion, if you can participate in the crypto market with special knowledge and good opportunities to make good profits in the future and don't forget to always look where the market is going.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
From the last few years I have seen crypto currencies are getting real life use cases as we know only few crypto currencies like BTC and BNB are getting used by people as a payment method in few countries because of its strong fundamental so I think sooner or later the time will come when more than half of the world will take crypto currencies positively excluding meme and hyped crypto currencies.
I don't expect there will be many altcoins that can be used and accepted in the real world for transactions. only a few assets I think are enough. and others will probably follow for trading in the crypto market only.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
As I see now people can buy car or house with crypto and its ok. So basicly, crypto usefull stuff now, not only speculative thing. 
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
I think real-life use case is already happening only not as widely used as it should be but it is already happening, crypto especially btc is no more just a speculative asset as it use to be, you may say this for alts but in the case of btc a lit of things are happening right now with the use of btc directly, take the current Ukraine donations, for instance, it is a government approved funding to help people in a desperate situation, what else could be real than that?
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
What's not real here? We make money and do you think its not a real thing?Well, if you're talking about mass adoption we are still far from that situation but right now, many are into cryptocurrency and they are actually making a lot of money. This is not just a hype, because the price drops as well and I think this is a pure good technology where people wants a decentralized system away from the government control.
Government who are against to cryptocurrency are the ones who are delaying the adoption, but technically they can't prevent this to happen in the future, adoption of cryptocurrency is inevitable.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
crypto has a use case and it is not a speculation anymore these days. You look like you haven't read the news in a long time. el salvador is a vivid example today. and there are many companies that are starting to accept crypto especially for online. so use case is not a dream for the crypto ecosystem or bitcoin, even though it's still low but it's growing slowly every day.It does not have to do with government regulation like some people have mentioned; government regulation is really not going to make any changes in the market. Regulation is something that would mainly favour the government more than the people.
There are lots of use cases of cryptocurrencies like BTC ETH Polygonmatic BNB. these are some cryptocurrencies that I can say a lot of use cases. some countries use crypto as a payment method.
but in my country, you need to trade these cryptos into PHP first to be able to pay or shop online.
but in my country, you need to trade these cryptos into PHP first to be able to pay or shop online.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
From the last few years I have seen crypto currencies are getting real life use cases as we know only few crypto currencies like BTC and BNB are getting used by people as a payment method in few countries because of its strong fundamental so I think sooner or later the time will come when more than half of the world will take crypto currencies positively excluding meme and hyped crypto currencies.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
It is difficult to understand, basically cryptocurrency is just a price game.
But if you look at the conflict between Ukraine and Russia don't you see cryptocurrencies being really useful at the time?
some big countries are afraid to enter with cryptocurrencies because prices continue to be speculated.
Even so, I have to say that cryptocurrencies are indeed useful if at one time there is a problem with their
financial flow in transactions, making cryptocurrency a simple alternative.
Unfortunately, bitcoin and most other altcoins do play from their very fast changing prices,
making it very difficult for us to make estimates, and think that this is all just a money game.
Currently I think many people are using crypto as a speculative asset because they prefer to invest with crypto than make payments because the price is very volatile so they will be able to profit when investing with it, but in the future it is not impossible that crypto will also be used in real life like today's El Salvadorans where they have used Bitcoin as a means of payment in their country.
Because they can make money in a short period of time but also lose it, well, I believe that this is the most important reason why people invest in cryptocurrency because it will grow over time and can accumulate profit in a passive manner while you are not doing anything, and because I saw that Ukraine is currently experiencing a currency freeze, people who have cryptocurrency are grateful that they were able to obtain and spend it; in short, cryptocurrency can be used as emergency money in an emergency situation.
I'd like to think we are just slow at adopting Bitcoin and other cryptocurrencies. In my country, you can save Bitcoin in a local wallet but cannot directly use it as a payment option even other cryptocurrencies. I pay my bills on the said wallet but I do need to exchange it for PHP first before I could complete the transaction. I am not against it because of the speed of price changes. But it kind of sucks to think that it is a currency but yet it cannot be used directly as a payment option.
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