The entire market cap of cryptocurrencies is speculation isnt it?

[Gibreil]

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

Speculation occurs by the time that you are hearing the guess and opinion of the people to the series of events that what will happen to your coin, specially the coin you've hold. Utility of the coin can be applied when we are choosing a new coin/existing coin that we wants to invest. The potential of the coin to increase it's value is one of the reason on how we pick a coin. In conclusion, we are choosing of coin based upon it's utility and we speculate the coin based on it's potential.

[makishart]

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.

Monero only used to make anonymous transaction but sadly it against the regulation and especially in japan which the government already suggested by some parties to remove monero to the all of trading exchange sites in japan, not only monero but all of the privacy coins. Monero has basic value.

[haryatiposton01]

Besides Bitcoin and Litecoin, I think Ethereum, Neo and Ripple also have powerful utilities, some other altcoins also have good utilities though untested, I think time will determine the existence of those coins.

[Yuuto]

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

That's the beauty of it.

Although newer alts do not have the utility right now, and most are indeed just speculative assets, it doesn't mean that in the future they cannot serve a useful purpose. And when they do, their value would almost certainly skyrocket. That is essentially what long term holders of altcoins are hoping to happen.

But you're right, most alts aren't worth buying into at all and will never be useful irl. For the long term I'd only hold a selection of the few coins that I actually deem to be practical and needed in the real world, and you should probably consider that too. But all currencies, whether crypto or not, altcoin or bitcoin, will carry a degree of speculation to it. The problem is how much.

[Raist]

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 they say that 90% of everything is bullshit... yep - it is in this case-))). But other 10% is making all the difference in the world. Crypto can solve a lot of problems. Even if we consider mining as a very unreasonable and extensional way of making this system go-round still - it is just an energy. It is given by nature and if free from taxes it is very inexpensive. And we really cannot foresee how much usage and advantages systems like Ethereum can bring here.
With only two exceptions. According to the well-known paradox transactions with crypto will be slower and more costly than the previous system.

[suzanne5223]

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, you're right. Apart from bitcoin almost other altcoin only base on speculation but i dont think altcoins like Ethereum and ripple function on speculation cause the smart contract help Ethereum to boost their market while the banking system, money gran and Western union are the key for Ripple. However, people still to be educated on how to make use cryptocurrency for their daily activities.

[lx001]

Practically all tokens have no real world usage but still some of them have skyrocketed in value, and I am not talking about Ethereum. They go up not because loads of people use them but only because loads of people speculate. The majority will never be used in real life, but people think they will get adopted. Even Ethereum is not needed for an average Joe. Everyone here is for the Dollar, just look at this speculation forum board.

[TheAndy500]

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

Whole market, including litecoin and bitcoin, is speculation, it is not possible to speculate price of coin for more than month cause this market like to go down or up and suprise all investors.

[wangli370404]

Dude, you're thinking a little bit more. In this case, it's worth it if you make a profit. Regardless of whether the coin in your hand can directly succeed shopping, as long as it can be realized, it can't become possible.

[berrygood]

I don't think bitcoin's market cap is speculation but if you look at the market, out of top 100 coins, 90% of them are nothint but trash so entire market cap is not equal to the whole value of the market.

[nelmari]

Yes you are right OP and it really would be a long wait to hodl before you can really make use of your cryptocurrencies tou bought. And of course I think the entire market cap is pure specualtions, nothing and no one really knows what will happen next.

[LooBaao]

Right then you, the entire market capitalization is money from investors who have poured into the market. These virtual coins do not themselves make money, but they carry a mission of commitment to the value that they create for us.

[BaraxLo]

Right then you, the entire market capitalization is money from investors who have poured into the market. These virtual coins do not themselves make money, but they carry a mission of commitment to the value that they create for us.

If I am not wrong, this is the case with every market of the world. Let’s just talk about gold or KFC products. Definitely they can’t themselves make money either. I mean this is a damn obvious thing that the people who spend money are the real reason behind increasing market capital. A small and a new market like the crypto one is more fluctuating one and unstable too and can grow at quicker rate.

[fleeb22]

yes its speculation but in a way all markets are speculations. i mean sure if you invest in stocks you have a company with products but you are speculating on the success of these products

[nairb131]

I will say yes that all cryptocurrencies are speculations as they are not widely accepted as a means of making payment, it is only limited to few companies and country that they are accepted as a mode of payment. Before investing or joining a particular project it is good to be sure of the main aim of the project and the team behind it. By doing this research, you can convince yourself of what the main objective of that project it before joining.