Real life utility question

[Doell]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

You must be see el-salvador, real use that's is happening. Accept crypto as a means of payment in a number of european regions also it happens and exists, not just speculation and hype. See also NFT and see the history of the project in ICO in real use it has a lot of game development infrastructure and others, can't be explained in too much detail.

[adzino]

Crypto currencies were never just a speculative currency or "just a hype". Maybe some are (most of the shitcoins actually), but not the ones that are trending, currently in the top. Yes, crypto currencies do have utilities. It is still on their infant stage and much development are needed to make things more perfect.

Is it crypto which is the problem or is it human? Stable coins was created and those can be used by merchants if they want although I don't recommend it for personal reasons. But it is there. It's 1:1. So they won't have any problem with volatility but we don't see much merchants who post signs of "USDT accepted here". In my experience, I haven't seen one.
So, I have a feeling it's not crypto that is the problem but the courage to use it despite the volatility.

Most stable coins are centralized and your wallets can be frozen. It is not "1:1" pegged like they make you believe. Better to pay with fiat currency that to use those centralized currency, right?

[TelolettOm]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real-life use case is far from crypto,

It seems both are still around here. Where crypto is speculative and also there are still many hypes going on in the crypto world. Moreover, if there is something big happening currently, there will be always the hype points that are increasing. And this becomes the way for scammers to make the chance to scam people and pull the money.
And mostly, many people are still scammed even with similar cases or even different ones.

But actualy not all crypto projects are hype and specualtive. there are still some that actually really have good fundamentals and also utility, but sometimes, they are covered by the hype projects that are more booming because of the advertisement, infleuncer, and also other factors.

[traderethereum]

Crypto has not become something that can have much help in real life but some cities that have accepted crypto already can use crypto as a means of payment to try different experiences in payment systems.
But in some other cities that don't have it all, people only use crypto as an investment tool that can benefit them in the future.
But they are aware that investing in crypto has a high risk because the price can change at any time and makes them have to be careful in their actions.

[smyslov]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

So many coins are now speculative or based on hype because of these meme coins hype started by Elon Musk, there are a lot of people still investing in meme coins and many developers creating in the hope that they will get pumped and hype and they are promoted as the next Doge or Shib you will get burn if you keep looking on these kinds of coins, I considered these coins high risk because they have zero usability.

[Dr.Osh]

the purpose of crypto being used is as an alternative to means of payment, and to date I see that it has been successful. Even in these difficult times, many people are making donations using crypto, and it's an easy alternative to helping others. to be honest, I've long seen that this has worked. however, some people sometimes take advantage of this moment to deceive others. You should have realized that too. nowadays, there is very much use of crypto in the real world. some countries even use it as an alternative to their fiat.

[CapGelatik]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

crypto has a use case and it is not a speculation anymore these days. You look like you haven't read the news in a long time. el salvador is a vivid example today. and there are many companies that are starting to accept crypto especially for online. so use case is not a dream for the crypto ecosystem or bitcoin, even though it's still low but it's growing slowly every day.

It may take some time for sure to accept crypto as a real use case,
for now it is only a small number who do that because of course it is hampered by regulations in each country,
We'll see how it develops in the future because this will certainly be interesting

[danherbias07]

I'd like to think we are just slow at adopting Bitcoin and other cryptocurrencies. In my country, you can save Bitcoin in a local wallet but cannot directly use it as a payment option even other cryptocurrencies. I pay my bills on the said wallet but I do need to exchange it for PHP first before I could complete the transaction. I am not against it because of the speed of price changes. But it kind of sucks to think that it is a currency but yet it cannot be used directly as a payment option.

[xSkylarx]

Currently I think many people are using crypto as a speculative asset because they prefer to invest with crypto than make payments because the price is very volatile so they will be able to profit when investing with it, but in the future it is not impossible that crypto will also be used in real life like today's El Salvadorans where they have used Bitcoin as a means of payment in their country.

Because they can make money in a short period of time but also lose it, well, I believe that this is the most important reason why people invest in cryptocurrency because it will grow over time and can accumulate profit in a passive manner while you are not doing anything, and because I saw that Ukraine is currently experiencing a currency freeze, people who have cryptocurrency are grateful that they were able to obtain and spend it; in short, cryptocurrency can be used as emergency money in an emergency situation.

[asyakashi]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

It is difficult to understand, basically cryptocurrency is just a price game.
But if you look at the conflict between Ukraine and Russia don't you see cryptocurrencies being really useful at the time?
some big countries are afraid to enter with cryptocurrencies because prices continue to be speculated.
Even so, I have to say that cryptocurrencies are indeed useful if at one time there is a problem with their
financial flow in transactions, making cryptocurrency a simple alternative.
Unfortunately, bitcoin and most other altcoins do play from their very fast changing prices,
making it very difficult for us to make estimates, and think that this is all just a money game.

[Kunnu]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

From the last few years I have seen crypto currencies are getting real life use cases as we know only few crypto currencies like BTC and BNB are getting used by people as a payment method in few countries because of its strong fundamental so I think sooner or later the time will come when more than half of the world will take crypto currencies positively excluding meme and hyped crypto currencies.

[budz0425]

There are lots of use cases of cryptocurrencies like BTC ETH Polygonmatic BNB. these are some cryptocurrencies that I can say a lot of use cases. some countries use crypto as a payment method.
but in my country, you need to trade these cryptos into PHP first to be able to pay or shop online.

[perfect999]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

crypto has a use case and it is not a speculation anymore these days. You look like you haven't read the news in a long time. el salvador is a vivid example today. and there are many companies that are starting to accept crypto especially for online. so use case is not a dream for the crypto ecosystem or bitcoin, even though it's still low but it's growing slowly every day.

The thing is that most people think that wide adoption of cryptocurrency is something that is supposed to have happened by now, but that is not true. Judging by the way things are going already, I would say that it is perfectly fine because the growth is more than more people would have expected by now.

It does not have to do with government regulation like some people have mentioned; government regulation is really not going to make any changes in the market. Regulation is something that would mainly favour the government more than the people.

[Johnyz]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

What's not real here? We make money and do you think its not a real thing?
Well, if you're talking about mass adoption we are still far from that situation but right now, many are into cryptocurrency and they are actually making a lot of money. This is not just a hype, because the price drops as well and I think this is a pure good technology where people wants a decentralized system away from the government control.

Government who are against to cryptocurrency are the ones who are delaying the adoption, but technically they can't prevent this to happen in the future, adoption of cryptocurrency is inevitable.

[Anonylz]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

I think real-life use case is already happening only not as widely used as it should be but it is already happening, crypto especially btc is no more just a speculative asset as it use to be, you may say this for alts but in the case of btc a lit of things are happening right now with the use of btc directly, take the current Ukraine donations, for instance, it is a government approved funding to help people in a desperate situation, what else could be real than that?

[torpedo]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

As I see now people can buy car or house with crypto and its ok. So basicly, crypto usefull stuff now, not only speculative thing.

[rozak]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

From the last few years I have seen crypto currencies are getting real life use cases as we know only few crypto currencies like BTC and BNB are getting used by people as a payment method in few countries because of its strong fundamental so I think sooner or later the time will come when more than half of the world will take crypto currencies positively excluding meme and hyped crypto currencies.

only those who are popular will get more value to use in real life. for now, there are not many assets, BTC and BNB are probably the most used. because the transaction fees are quite cheap.
I don't expect there will be many altcoins that can be used and accepted in the real world for transactions. only a few assets I think are enough. and others will probably follow for trading in the crypto market only.

[Gayong88]

Investing in the money market world is characterized by high risk – high returns and cryptocurrencies have become an important aspect of money markets for people all over the world and often provide good returns. In my opinion, if you can participate in the crypto market with special knowledge and good opportunities to make good profits in the future and don't forget to always look where the market is going.

[Skinny48]

Bitcoin particularly is now more than a speculative asset, look at the war going on between Russia and Ukraine I'm sure you must have heard that many are selling their Fiat for BTC and USDT, crypto is more useful than anyone can ever imagine..DYOR.

[masterrex]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

I think because of the crypto volatility, cryptocurrencies like Bitcoin can be used as an investment asset, rather than for payment in the real world, aside from volatility issues the second reason might be this, as we know that we cant send crypto without transaction fees, and that was an additional burden to many users while using fiat there were no fees for transferring payments and that could be the reasons why the massive adoption was not happening yet in the real world. anyway, it's just only my opinion.