Is Speculating A Bad Thing?

[CryptoBry]

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...

[panju1]

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.

[YuginKadoya]

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.

[hatshepsut93]

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.

[FlightyPouch]

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.

[gentlemand]

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.

[Fortify]

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.

[jc89]

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.

[Cobalt9317]

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 

[sindikat]

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 

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.

[1Referee]

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.

[kwukduck]

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.

[Ayiranorea]

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.

[Oilacris]

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...

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.

[Glorious04]

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...

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. 

[Victorycoin]

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.

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.

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.

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.

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.

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.

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...

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.

[bouren]

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.

[Mrbates]

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.

[The Sceptical Chymist]

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.

[Carlsen]

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.