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Topic: Too many speculators in the cryptospace? (Read 1509 times)

jr. member
Activity: 378
Merit: 3
February 17, 2019, 01:28:36 PM
crypto is a growing market and decentralized so we may expect more volatility and speculation in the market until the crypto market reach 1 trillion dollar market cap crypto will be in high volatile market
copper member
Activity: 140
Merit: 0
February 15, 2019, 04:50:08 PM
Truth is most people are in it for the money, whether you like it or not they just want to count their profits and not support to blockchain projects. The only good thing in cryptocurencies is the ownership of the tokens, else people will loose completely. Although speculations make the vibe and buzz here
full member
Activity: 392
Merit: 113
February 15, 2019, 04:23:06 PM
The main role of crypto-enthusiasts  Grin. Everyone has the freedom to speculate based on their expectations since every holder is expectant of a better value for their holdings. In one side, speculations are good, it stimulates excitements in people and give hopes too. Without good and bad speculations cryptocurrency will be a boring thing.
member
Activity: 251
Merit: 10
BIB Exchange
February 15, 2019, 04:19:13 PM
speculation of price is a normal thing especially when most persons involve are just for making profit. Currently the cryptospace is filled with people who invest in crypto for the sole purpose of making quick profit and thus try to predict what will happen to the price of crypto at every point in time.
Prediction about in crypto currency is really hard in this stage because anything can be happened now. But people are much interested to predict their own speculation. I think it is normal as they are investing and waiting for profit.
jr. member
Activity: 475
Merit: 1
Tackling Climate Change Using Blockchain
February 15, 2019, 04:12:52 PM
speculation of price is a normal thing especially when most persons involve are just for making profit. Currently the cryptospace is filled with people who invest in crypto for the sole purpose of making quick profit and thus try to predict what will happen to the price of crypto at every point in time.
copper member
Activity: 10
Merit: 0
February 15, 2019, 01:31:35 AM
I think that everyone has the right to do what he wants. Speculators bring money to the market and do nothing wrong.

Well there are still downsides which could be construed as 'wrong' in a sense. Though I see both sides of the argument. They've helped the market in many ways, harmed it in others.
brand new
Activity: 0
Merit: 0
February 15, 2019, 12:48:51 AM
We must have right to speculate and smiren off our feelings. Need to express our opinions regarding crypto issues is just fine. It helped crypto to spread such informations, whether it is a fraud or not. And also, it may somehow change the performance of the market but not in a big percentage.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
February 15, 2019, 04:22:51 AM
well lots of people who come into the crypto world are in for the quick profit they think they can make and as such tend to try to predict price every now and then. cryptocurency price is very difficult to predict as no one knows what will happen to it at any given point in time

They won't get a fast result in cryptocurrency nor the other business because they need to be patient and there is the time they need to realize that every business that they do will give something in the future. They can get a fast result in the gambling games as they can get something which is lost or win in the next second. Cryptocurrency is not easy as they think and if they cannot change their mind, then they are not ready to get involved in the cryptocurrency world.
legendary
Activity: 2016
Merit: 1107
February 15, 2019, 04:17:44 AM
it doesn't matter if we agree or not
speculation is a part of out everyday's lives and traders shape the market
so you have to accept it and deal with it, as much as I do not like the price manipulated, its life
rich guys get richer, poor guys ... try to get richer Smiley
I know people who make their living by trading
and trust me it is not all milk and honey , they lose alot, its a gamble and you can go bust if you do not do the things right
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
February 15, 2019, 03:45:56 AM
I agree that there's a lot of speculators out there, there are speculators who just toss out a number out from their mind with no other facts that would back their claim, and there are those who present their forecast with graphs and tables and there are those who gives forecast based on their own experience and they love sharing it to the community.
Different point of view, but yet there's no certain that we can rely with, many people who tried are just getting frustrated after not getting the target outcome, we do need to keep reading and understand the movements and try to adopt so we will be able to anticipate even not the exact price but at least a little closer.
member
Activity: 644
Merit: 10
COVIR.IO
February 15, 2019, 03:38:02 AM
Actually most of the people have an own self thinking analization and the result of each analization is equal too many speculation from the different people. They can't avoid this because everyone their have an freedom to express their feelings about the future of crypto currency.
You right, and every investor can be a speculator, it's natural for people to do that because of freedom of opinion, but what's important is that you have to be able to select every speculation that exists, not be affected by false speculation or something

Speculation make bitcoin price reach $19k. Without speculation from investor, i am doubt bitcoin can reach that price. Investor can be speculators or long term holder in any investment market and i think its about a choice to make profits.
hero member
Activity: 1218
Merit: 557
February 15, 2019, 01:24:01 AM
well lots of people who come into the crypto world are in for the quick profit they think they can make and as such tend to try to predict price every now and then. cryptocurency price is very difficult to predict as no one knows what will happen to it at any given point in time

Market is largely volatile at times but in recent past we have seen it is more stable and showing a good resistance which is the best thing. Also with some good news it will again rise quickly. Also speculations are generally those who are daily traders and speculating  only they do make money .
legendary
Activity: 1344
Merit: 1006
February 15, 2019, 01:13:58 AM
I agree that there's a lot of speculators out there, there are speculators who just toss out a number out from their mind with no other facts that would back their claim, and there are those who present their forecast with graphs and tables and there are those who gives forecast based on their own experience and they love sharing it to the community.
sr. member
Activity: 1009
Merit: 328
February 14, 2019, 10:46:12 PM
Actually most of the people have an own self thinking analization and the result of each analization is equal too many speculation from the different people. They can't avoid this because everyone their have an freedom to express their feelings about the future of crypto currency.
You right, and every investor can be a speculator, it's natural for people to do that because of freedom of opinion, but what's important is that you have to be able to select every speculation that exists, not be affected by false speculation or something
I agree on that, speculations are just an speculation, and we don't have to always lean on the speculations we need to work and believe by our self and if we loss today we need to learn more to avoid losing in the next days. So then I believe that we are the one who can make our own decision and we don't have to be more affected on some speculation because speculations are no assurance at all.
member
Activity: 602
Merit: 10
February 14, 2019, 08:41:12 PM
Yes, I completely agree that cryptocurrency now is primarily a speculative tool for making money. In 2017-2018, many people bought tokens of ICO projects, meaning that they were buying useless shit. But the market was growing steadily and it was possible to earn good money on this. This is what attracted many. Quick profit. Remember the gold rush in the United States. We had something similar. The gold rush ended with the fact that many of those who wanted to make quick money by purchasing bitcoins or mining farms suffered significant losses and now have become disillusioned with cryptocurrencies altogether. But this does not mean that the problem is cryptocurrency. The problem is human greed and greed for easy money.

I am agree. People speculate in cryptocurrency market because this market still unregulated by government. ICOs are not regulated and the market still unregulated. Like in stocks market, where short selling in many country forbided, there is a rule and regulation in stocks market but in cryptomarket, anyone can launch their ICOs or creating their own coin.
hero member
Activity: 3010
Merit: 666
February 14, 2019, 08:05:30 PM
well lots of people who come into the crypto world are in for the quick profit they think they can make and as such tend to try to predict price every now and then. cryptocurency price is very difficult to predict as no one knows what will happen to it at any given point in time
This results to lots of them losing their investment.
It's not same crypto anymore like in the past, it has change a lot because it has pump and reach a big ATH
in just a short period of time, it's not an organic growth so we are seeing a sudden dump also, because of what they saw they got discourage
they think crypto is scam and their dreams are gone forever and this one results to a more panic selling.
member
Activity: 420
Merit: 20
simply getting the job done
February 14, 2019, 03:12:29 AM
Yes, I completely agree that cryptocurrency now is primarily a speculative tool for making money. In 2017-2018, many people bought tokens of ICO projects, meaning that they were buying useless shit. But the market was growing steadily and it was possible to earn good money on this. This is what attracted many. Quick profit. Remember the gold rush in the United States. We had something similar. The gold rush ended with the fact that many of those who wanted to make quick money by purchasing bitcoins or mining farms suffered significant losses and now have become disillusioned with cryptocurrencies altogether. But this does not mean that the problem is cryptocurrency. The problem is human greed and greed for easy money.
hero member
Activity: 1190
Merit: 534
February 14, 2019, 01:55:51 AM
I agree that speculation is at its best and that's definitely not the core principle of cryptocurrency. I think it will need some more time for everyone to realise that we can gain more value from using cryptocurrency as a payment system in the long run instead of focusing on speculation activities. Sadly, most of us are ignoring the core values of decentralization and it is not something that is expected by Satoshi.
member
Activity: 742
Merit: 21
Be the reason someone smiles today
February 14, 2019, 01:52:52 AM
I agree that all the speculators from crypto did not help crypto to have a good image.

However,  speculators are everywhere,  not only in crypto. Gold, stocks and other markets have their own speculators,  except other mature markets are not that volatile.
full member
Activity: 952
Merit: 104
February 14, 2019, 01:49:18 AM
Actually most of the people have an own self thinking analization and the result of each analization is equal too many speculation from the different people. They can't avoid this because everyone their have an freedom to express their feelings about the future of crypto currency.
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