Too many speculators in the cryptospace?

[aad140386]

Yes, I completely agree that cryptocurrency now is primarily a speculative tool for making money. In 2017-2018, many people bought tokens of ICO projects, meaning that they were buying useless shit. But the market was growing steadily and it was possible to earn good money on this. This is what attracted many. Quick profit. Remember the gold rush in the United States. We had something similar. The gold rush ended with the fact that many of those who wanted to make quick money by purchasing bitcoins or mining farms suffered significant losses and now have become disillusioned with cryptocurrencies altogether. But this does not mean that the problem is cryptocurrency. The problem is human greed and greed for easy money.

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[Ziskinberg]

well lots of people who come into the crypto world are in for the quick profit they think they can make and as such tend to try to predict price every now and then. cryptocurency price is very difficult to predict as no one knows what will happen to it at any given point in time

This results to lots of them losing their investment.
It's not same crypto anymore like in the past, it has change a lot because it has pump and reach a big ATH
in just a short period of time, it's not an organic growth so we are seeing a sudden dump also, because of what they saw they got discourage
they think crypto is scam and their dreams are gone forever and this one results to a more panic selling.

[Bitfling]

Yes, I completely agree that cryptocurrency now is primarily a speculative tool for making money. In 2017-2018, many people bought tokens of ICO projects, meaning that they were buying useless shit. But the market was growing steadily and it was possible to earn good money on this. This is what attracted many. Quick profit. Remember the gold rush in the United States. We had something similar. The gold rush ended with the fact that many of those who wanted to make quick money by purchasing bitcoins or mining farms suffered significant losses and now have become disillusioned with cryptocurrencies altogether. But this does not mean that the problem is cryptocurrency. The problem is human greed and greed for easy money.

I am agree. People speculate in cryptocurrency market because this market still unregulated by government. ICOs are not regulated and the market still unregulated. Like in stocks market, where short selling in many country forbided, there is a rule and regulation in stocks market but in cryptomarket, anyone can launch their ICOs or creating their own coin.

[Twinscoin2017]

Actually most of the people have an own self thinking analization and the result of each analization is equal too many speculation from the different people. They can't avoid this because everyone their have an freedom to express their feelings about the future of crypto currency.

You right, and every investor can be a speculator, it's natural for people to do that because of freedom of opinion, but what's important is that you have to be able to select every speculation that exists, not be affected by false speculation or something

I agree on that, speculations are just an speculation, and we don't have to always lean on the speculations we need to work and believe by our self and if we loss today we need to learn more to avoid losing in the next days. So then I believe that we are the one who can make our own decision and we don't have to be more affected on some speculation because speculations are no assurance at all.

[DaddyMonsi]

I agree that there's a lot of speculators out there, there are speculators who just toss out a number out from their mind with no other facts that would back their claim, and there are those who present their forecast with graphs and tables and there are those who gives forecast based on their own experience and they love sharing it to the community.

[bitcoinisbest]

well lots of people who come into the crypto world are in for the quick profit they think they can make and as such tend to try to predict price every now and then. cryptocurency price is very difficult to predict as no one knows what will happen to it at any given point in time

Market is largely volatile at times but in recent past we have seen it is more stable and showing a good resistance which is the best thing. Also with some good news it will again rise quickly. Also speculations are generally those who are daily traders and speculating  only they do make money .

[Burogh]

Actually most of the people have an own self thinking analization and the result of each analization is equal too many speculation from the different people. They can't avoid this because everyone their have an freedom to express their feelings about the future of crypto currency.

You right, and every investor can be a speculator, it's natural for people to do that because of freedom of opinion, but what's important is that you have to be able to select every speculation that exists, not be affected by false speculation or something

Speculation make bitcoin price reach $19k. Without speculation from investor, i am doubt bitcoin can reach that price. Investor can be speculators or long term holder in any investment market and i think its about a choice to make profits.

[matchi2011]

I agree that there's a lot of speculators out there, there are speculators who just toss out a number out from their mind with no other facts that would back their claim, and there are those who present their forecast with graphs and tables and there are those who gives forecast based on their own experience and they love sharing it to the community.

Different point of view, but yet there's no certain that we can rely with, many people who tried are just getting frustrated after not getting the target outcome, we do need to keep reading and understand the movements and try to adopt so we will be able to anticipate even not the exact price but at least a little closer.

[veleten]

it doesn't matter if we agree or not
speculation is a part of out everyday's lives and traders shape the market
so you have to accept it and deal with it, as much as I do not like the price manipulated, its life
rich guys get richer, poor guys ... try to get richer
I know people who make their living by trading
and trust me it is not all milk and honey , they lose alot, its a gamble and you can go bust if you do not do the things right

[ethereumhunter]

well lots of people who come into the crypto world are in for the quick profit they think they can make and as such tend to try to predict price every now and then. cryptocurency price is very difficult to predict as no one knows what will happen to it at any given point in time

They won't get a fast result in cryptocurrency nor the other business because they need to be patient and there is the time they need to realize that every business that they do will give something in the future. They can get a fast result in the gambling games as they can get something which is lost or win in the next second. Cryptocurrency is not easy as they think and if they cannot change their mind, then they are not ready to get involved in the cryptocurrency world.