Should Speculations Be Controlled?

[iamTom123]

I have read many posts and articles telling us that speculation is doing bad for Bitcoin and cryptocurrency in general as it is the one responsible with big pumps and dumps. On the other hand, speculators are part and parcel of any market and whether we like or not they are also responsible in part for the growth of Bitcoin.

Do you think that if possible speculation should be controlled somehow? And in a decentralized ecosystem, is there really a way to do it without affecting all other things? Please tell me your opinion.

[cybersofts]

There is no way to control speculations because people are in control of their thoughts.
People can say what they want either good or bad about certain coin, so it's completely up to them to speak their mind.

[kwukduck]

Speculation is essential to bootstrap it into society.
Once the coin gets distributed among more users the effect of speculators becomes less.

[YuginKadoya]

I really think it is up for speculators if what are their thoughts on what's gonna happen in the future of bitcoin, there is a good and bad things about this that may or may not affect the value of bitcoin well good thoughts can surely make users perfectly OK with the movement of bitcoin or there is an assurance that they surely think in a positive manner, and there are these negative ones that simply give their thoughts that bitcoin will take a dip, a down trend, a big crash I think this makes a person fear the value of bitcoin so they will ought to sell their hold coins, and there are some that keeps on bring FUD up in their speculation to simply take bitcoin down, I think speculations can sometimes help and sometimes not.

[bamboylee]

You cannot control speculators making speculations. In a way, you are responsible if  you will believe their speculations or not. They won't be making any effects if you know how to do your research instead of just following baseless speculations.

[iram1011]

Whenever there are many people holding one commodity, speculations are always there. Be it stock, forex or cryptocurrency market. Everyone will guess the future potential of the commodity because ultimately the price is dependent upon the potential use and future demand. This speculation cycle will keep on moving along with the growth of cryptocurrencies.

[1Referee]

No speculation means no money coming into this market. Bitcoin at this point is, and will likely remain a speculative asset for many more years. The pumps and dumps people here often look at as being something negative, are what driving this market. Important aspect is that despite all this speculation and the massive pumps and dumps we have gone through, is that long term wise, it had exactly ZERO effect on this market. People tend to make a problem out of nothing, speculation is part of every market in the world, and is the main reason it starts moving up and down. I am glad that till this day, Bitcoin's free market nature is still honored, because if this would change at some day, we'll likely get to experience the same as stock markets, where there are "security" measures in place to not let it drop further than let's say 10-15% in a matter of hours. Do we want this to happen? No.

[jekjekman]

Why would you wan to control the Speculations section even though we all know that it is the word 'speculate' meaning it form a theory or conjecture about a subject without firm evidence, so it is for the people to discipline their self whether they believe it or not because there is no guarantee and no one is really can see the future.

Controlling it will become worsen the situations as the one who will moderate it is the one who will be trusted by most of the people here so whatever he says or do will be follow by other people then that is a full blown centralization then it will be enter by politics that will really control and manipulate the price, think of it.

[hatshepsut93]

Free market pricing is essential for Bitcoins network, because it's built on economic incentives. Bitcoin's hashpower moves to a certain equilibrium - the amount of resources required to secure the network related to the economic size of the network. When the price grows, it sends a signal to miners to increase their hashpower, since the network needs more security. If the price falls, miners can drop some of their hashpower, so they won't waste more electricity than it's needed to secure the network. If you will fight speculation, you will disrupt one of the important mechanisms that keeps Bitcoin healthy.

[bitbunnny]

Sometimes I have the feeling that some Bitcoin users live from speculations. But this is hard to control, actualy impossible and although we want to beleive that Bitcoin market is free of control and different interests in real life that doesn't function so. Speculations are just inevitable part of Bitcoin world.

[Jating]

How can you control it in the first place the market is driven by speculation? There are bad and good side of it, however, its one of the main driver why most of the traders are into the market. They used speculation for profit. For me, its really difficult to clamp out speculation, its up to the individual to really believed speculators or not.

[Wipro]

There is no way to control speculations because people are in control of their thoughts.
People can say what they want either good or bad about certain coin, so it's completely up to them to speak their mind.

Why should we have to control the bitcoin speculation because that is healthy to provide the proper information and get more critics to learn the and good deeds also can be learn because of it. So it for the bitcoiners and bitcoin. There are some speculator do the speculation properly with the exact information too.

[Oceat]

Speculators are required for the market to get more people interested, this will be the scales of the market sales. If there's no speculators there won't be people to bid for your product of you're a seller. Imagine this if you are a seller at the market and no one is interested in you, what will you do? So therefore those speculators are required in every market.