Too many speculators in the cryptospace?

[angaper]

Seeing the usual conversations in this forum and in others related to the cryptocurrency issue, as well as the groups on Facebook, Telegram and others, it seems that most of those interested in this field have no other interest than making easy and fast profits.

And I think this is something that has negatively impacted the market, because it has driven the high volatility in the prices of cryptocurrencies, regardless of how serious each project is: investors are always willing to sell their tokens at the first opportunity, instead of supporting the cryptos as a technological development with long-term potential.

Do you agree with the speculation without limits?

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[avikz]

While I agree with your statement, I want to reiterate that speculators are also an integral part of the crypto ecosystem. Without speculators, we wouldn't have seen such an active crypto market, even though it leads to high volatility!

Speculators and speculation are two major pillars of the crypto economy and we can't deny their contribution to the growth of crypto.

The entire economy is profit driven and crypto is no exception! Today if I invest in a real world company equity, I obviously have to look at the past growth. I would not invest in a company equity if I see a company has a high debt to revenue ratio or if the equity price has shown a steady decrease over past few years. Why?? Because I want to make profit out of my investment. So the role of profit can't be denied either.

We are moving according to thw free market rule so there is no way to stop it. We are at a very nascent stage of the crypto economy and it will take some more time to stabilize. Speculators or investors don't have the power to make the market stable! Instead the increased adoption percentage can help here! Let me know if it doesn't make sense!

[lazygin006]

I totally agree with what you are saying. I think there are many people predicting prices without too much knowledge to back it up. That will lead to having a negative impact on the coin itself.

[qumeijia]

The speculators contribute much for the growth of crypto currency because they have influence of the market cap. They are one of several factors that makes the price up and down. Crypto will not grow as today without their contributions. 

[richminded]

Speculators are also an investors, So I think its pretty normal in any market. As long as you have your money in this market, you have something to say. Speculators is quiet important also because it can guide newbies on where is the market right now. The only problem here is that, emotion is stronger than your goal especially with the newbies, and that makes the market more volatile, also include the whales who are playing well in this market.

[ambisyon]

Yes,  I agree with OP regarding the subject wherein most of people are here in the cryptocurrency to earn fast profit and that is why they are more of a speculator.  I don't know if speculation can really make the crypto market improve and could encourage also to new IP to invest in cryptocurrency. 

[vy99]

The problem isn't just the speculators but the fact that they're all short-term speculators. In a traditional investment most people go long and hold onto an investment for years and years before selling off...but in the crypto world it seems like everyone is trying to become rich in one week, which throws everything off and makes it harder for the industry to grow.

[locsta123]

honestly it kind of saddens me the state of the crypto market in some ways (like what the OP is talking about) in other ways I am very happy with it (high hopes on the horizon) but yea I think getting into crypto solely for the reason to speculate and make profit is not a good thing at all and in the long run will hurt the economy we do need speculation and such but at the levels it is at right now I think is not healthy at all just people hyping and pumping coins and trying to manipulate people into buying or selling for their own benefit not my idea a very good or healthy economy!

[Fire316]

    Crypto market is volatile and price of every coins is unstable that's why people keep on predicting because they believe it could help to sustain the value of cryptocurrency and we can't avoid to predict. Speculations can help everyone to maintain courage specially when market is down. It could help us to know where are now. A lot of speculators out there because they are also one of those investors in crypto market that always longing for profit.

[jseverson]

What's funny is that most other cryptos and "projects" would be dead in the water without these speculators. There are very few good ideas out there, and everyone is just milking the blockchain train. You could very easily say that there will be very few scam projects without speculators, but they also only ever scam speculators themselves, so it's kind of moot. Great ideas will thrive regardless.

As for Bitcoin itself, speculators do encourage some bad habits, but I feel like it would still be in our best interests to welcome everyone who wants in. You never know how many will stick around for the right reasons. The more people who experience holding and using it, the better for adoption.

[pooya87]

all those groups on facebook, telegram,... were created to speculate talk about the price mostly because they are pump and dump groups that you are seeing disguised as something else. and they are all looking for making money from the crypto market pump and dumps.

i disagree with saying this has created volatility, it is not at all because of that. the altcoins have been always more volatile than bitcoin simply because they have always been pump and dumps. people these days are even turning altcoins (specially the tokens) into a gambling game where they invest in random ones to bet and see how lucky they are. that is why they dump it as fast as possible because it is a race to dump.

[pacho08]

Most experts seem to agree, in one way or another, that the arrival of old money will allow the cryptocurrency market to grow.

[Moiyah]

We have every right to speculate and show off our feelings. Expressing our opinions regarding crypto issues is just fine. Ot helped actually crypto to spread such infos, whether it is a fud or not. And also, it may somehow the performance of the market but not in a big percentage.

[kucruut]

Crypto market is volatile and price of every coins is unstable that's why people keep on predicting because they believe it could help to sustain the value of cryptocurrency and we can't avoid to predict. Speculations can help everyone to maintain courage specially when market is down. It could help us to know where are now. A lot of speculators out there because they are also one of those investors in crypto market that always longing for profit.
all those groups on facebook, telegram,... were created to speculate talk about the price mostly because they are pump and dump groups that you are seeing disguised as something else. and they are all looking for making money from the crypto market pump and dumps.i disagree with saying this has created volatility, it is not at all because of that. the altcoins have been always more volatile than bitcoin simply because they have always been pump and dumps. people these days are even turning altcoins (specially the tokens) into a gambling game where they invest in random ones to bet and see how lucky they are. that is why they dump it as fast as possible because it is a race to dump.

[jeffer8035]

I think the market is based on speculation because it is what keeps the market active if there is no incentive as people always work and thought since I know the crypto that this is the new wall street where the coins are stocks and go up and down everything depends on the purchase and sale and whoever knows how to interpret the market is the winner

[aoihs00]

Indeed, this is what happening all the time, a group of person comes in and start asking about the price predictions of the bitcoin for the future and then bunch of more people will jump in to share their extensive knowledge about the prices of bitcoin and there you go, repeat, repeat, and repeat!
This is what happening over the forum for sure. There wont be any serious discussion regarding the crypto space and its advancement or how the current problematic loop of the crypto projects can be broken to have a straight road! There is no excellent talking over the different and innovative projects and thats why this is just home to the profit making and nothing else.

[serjent05]

Seeing the usual conversations in this forum and in others related to the cryptocurrency issue, as well as the groups on Facebook, Telegram and others, it seems that most of those interested in this field have no other interest than making easy and fast profits.

And I think this is something that has negatively impacted the market, because it has driven the high volatility in the prices of cryptocurrencies, regardless of how serious each project is: investors are always willing to sell their tokens at the first opportunity, instead of supporting the cryptos as a technological development with long-term potential.

Do you agree with the speculation without limits?

I think most of us are interested in fast and easy profit but the sane side of our brain control us in believing such investment.  I also do not think it impacts the cryptoverse negatively if those who participate in such have a solid understanding about the risk and how big the risk is.

And as I  understand, investors are different than fanatics.  Investors will always aim for sure profits no matter how  small it is.  So investors selling the moment they saw their profit is normal.  And yes peoples imagination knows no bound so speculation without limits is possible.

[jhayness18]

From the beginning this system form with a huge of speculations came from different investors which has a big impact in cryptosystem therefore it is very doubtful and unusual when cryptosystem have no any speculations because in the first place only speculation are can make by any investors in this system because we all known that in this field there is no stable and fix movements of all cyptos so all of the people involves here are really doing speculations. So it means that speculations is very important to the investors so they keep involving here and patronizing this system.

[Faroxx]

I think that everyone has the right to do what he wants. Speculators bring money to the market and do nothing wrong.

[Pursuer]

existence of speculators is not a bad thing on its own if you ask me. it is inevitable and we are all speculators in one way or another. you can't say you have bought bitcoin or even earned it and don't speculate about its price and not interested in the profit that it gets you. so you are a speculator too. but in the end it depends on how many are purely in it for speculation and how many are also in bitcoin for the technology. I'd say in bitcoin there are enough people who are interested in the decentralization aspect and other benefits that comes with it but in altcoins possibly everyone is only in it for the profit.