The entire market cap of cryptocurrencies is speculation isnt it?

[JungleEskimo]

besides bitcoin, maybe litecoin too, most other altcoins only function is speculation isnt it? You can't buy anything with any of the newer altcoins and though they do have a lot of potential utility everyone needs to get educated on how they can be used to begin with, and only after big decisions are made to start using them. And then after that people will only buy as much as they need to use. And even then only if the price is stable.

That's a long ass time to hodl

[adroitful_one]

besides bitcoin, maybe litecoin too, most other altcoins only function is speculation isnt it? You can't buy anything with any of the newer altcoins and though they do have a lot of potential utility everyone needs to get educated on how they can be used to begin with, and only after big decisions are made to start using them. And then after that people will only buy as much as they need to use. And even then only if the price is stable.

That's a long ass time to hodl

Well, it's just like any other investment. It's all speculation. You just have to do your research on the projects you invest in and be convinced that it's going to go up eventually. Sure, a lot of coins can't be used to purchase goods/services, but that doesn't necessarily make them worthless either.

[boss1dg]

speculation is not a suitable word , you dont depend just on speculation for any coin future .
ethereum has a good utility , NEO has a good future for upcoming platform to launch ICO on NEO .
IOTA working on its tangle and other innovative ideas .

so everything depend on their project and real life usage of blockchain technology of those coins ..
if they succeed you also win , if they fails to deliver you also lose money ..

[Primal6666]

besides bitcoin, maybe litecoin too, most other altcoins only function is speculation isnt it? You can't buy anything with any of the newer altcoins and though they do have a lot of potential utility everyone needs to get educated on how they can be used to begin with, and only after big decisions are made to start using them. And then after that people will only buy as much as they need to use. And even then only if the price is stable.

That's a long ass time to hodl

In my opinion, any trade is speculation. Even if you are a producer. If coins have a price, it means that they are used for something. Perhaps you will not see a coin in the store, but for private or anonymous deals, any one can be used.

[rosered]

I believe in the development of cryptocurrency as a new thing. Just like the initial trading of the stock, it is also experienced a lot of distrust before going to today. The same goes for digital currencies.

[bvar69]

Yes it is speculation but so is the Tesla stock.

[bitcoinposts]

There was a rumor that coinmarketcap is doing inside speculation on prices it might be a Fud news but we cant rely on the news but the news broke the prices to new down prices it affected the momentum in trusting the coin index

[bitekoin]

It's easy to buy into what others say. I would say that if you buy shilled coins, then you can run into such conclusions. It's also lazy and careless. Do your own research.
You just need to basically check two things for a solid coin. One is a good team. Two is a coin with a future/purpose. With those two, you can definitely be positive that what you have there is a good coin to invest in.

With that, go check out Multiversum. The project this big can't avoid some criticisms. But I've done my own research and I am confident in the project.

[semobo]

besides bitcoin, maybe litecoin too, most other altcoins only function is speculation isnt it? You can't buy anything with any of the newer altcoins and though they do have a lot of potential utility everyone needs to get educated on how they can be used to begin with, and only after big decisions are made to start using them. And then after that people will only buy as much as they need to use. And even then only if the price is stable.

That's a long ass time to hodl

Yes,we are using cryotocurrency mainly for its speculation but if someone hold it for future use then he may get more benefits out of it.Still cryotocurrencies are not accepted as a payment mode so we can't expect the people to use it for only payment method when it give good opportunity to make money.

[nsasuiteb]

Definetely it is, normally most coins must reach their current values after 1-2 years if their project will be successful and there will be real demand for coins, now they are all bought by us ''speculators''

[European Central Bank]

yes. and bitcoin is 99.9% speculation too. the rest are a cool 100%.

when people shout 'utility' when it comes to ethereum, the only utility it has is creating more shitcoins and ICOs. that's not solving a real world problem.

the party will stop at some point. it's up to people to have something useful to show for all this before it falls to the floor. there's nothing out there yet.

[Bardman]

besides bitcoin, maybe litecoin too, most other altcoins only function is speculation isnt it? You can't buy anything with any of the newer altcoins and though they do have a lot of potential utility everyone needs to get educated on how they can be used to begin with, and only after big decisions are made to start using them. And then after that people will only buy as much as they need to use. And even then only if the price is stable.

That's a long ass time to hodl

Litecoin is nothing but a copy of bitcoin, lol. Everything is speculation but obviously stocks have a business behind them so there is always a product or products unlike many cryptocurrencies which have no product and they still are worth a lot.

[onecall123]

Well, it's just like any other investment. It's all speculation. You just have to do your research on the projects you invest in and be convinced that it's going to go up eventually. Sure, a lot of coins can't be used to purchase goods/services, but that doesn't necessarily make them worthless either.

Well said. Yes, without no information about the coin means your entry is in danger. Nobody (including me) in the entire world knows what the price will be the next day. Purchase based on the research and make patience.

[sweerty1]

It is not entirely true or wrong. By that I mean yeah it is somewha valid argument that you bought altcoins expecting them to reach higher prices to sell others so its like all other businesses but MORE speculation involved.

[Serg22]

I agree that the whole cryptocurrency world is a speculation on which each participant wants to earn his profit.

[Bardman]

I agree that the whole cryptocurrency world is a speculation on which each participant wants to earn his profit.

Any investor in any market wants to earn money, that's why the invest, usually. The team/employees of the stock/cryptocurrency are the ones that need to give their product value, they are the ones doing the hard work, there have been numerous times where a business only was created for speculation purposes where they didn't even have products and were just buying other companies to make products for them.

[greeklogos]

besides bitcoin, maybe litecoin too, most other altcoins only function is speculation isnt it? You can't buy anything with any of the newer altcoins and though they do have a lot of potential utility everyone needs to get educated on how they can be used to begin with, and only after big decisions are made to start using them. And then after that people will only buy as much as they need to use. And even then only if the price is stable.

That's a long ass time to hodl

I think all coins are simple speculation and we have nothing to do with that besides to play this rules. The problem is that there is no control on the market, so people basically earn money with all possible ways, the speculation is themost popular here.

[Idrisu]

Speculative? Yes and you just need to think well for you to be able to invest in those projects and coins that are going to make you good money. I have been speculative about some project lately and some of them has followed what I think about them.

[Febo]

besides bitcoin, maybe litecoin too, most other altcoins only function is speculation isnt it? You can't buy anything with any of the newer altcoins and though they do have a lot of potential utility everyone needs to get educated on how they can be used to begin with, and only after big decisions are made to start using them. And then after that people will only buy as much as they need to use. And even then only if the price is stable.

That's a long ass time to hodl

Some coins are used like Monero.  Also some tokens are used.  But yes, there is lots of coins and tokens without anyone using them.

[exalterego]

Some alts are really valuable, ecpecially those dealing with the applicable spheres of our life.
You should thorougly study the prospects of the project (its whitepaper, deadlines and, of course, its founders) in order to make a good investment.
Ethereum has made its name through a unique system of smart contracts - so what prevents all other crypto-currencies from doing the same thing?