Speculations vs Real Utility

[Zlantann]

I think for these speculations to end, regulations will need to be introduced and useless coins will need to be reset to zero.

Regulations? On speculation?
I'd very much like to learn the kind of regulation y'd suggest on speculation.Any suggestions?

Shitcoins are dumped into the market by greedy developers. These tokens were developed not to solve financial problems just like Bitcoin but to enrich its developers. The government could regulate the rate at which these shitcoins are pushed into the crypto market. Some of these tokens should go through some regulatory scrutiny before they start promoting them. Coins like Bitcoin shouldn't be regulated because they are decentralized and cannot be easily manipulated.

[lizarder]

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

When conditions fail to encourage the possibility of an event occurring, some of the underlying assumptions are predictions as has previously occurred in the crypto market as a whole. Talking about utility is inseparable from the satisfaction or usefulness obtained, so sometimes when conditions don't work out that way, it can actually lead to speculation. While this is somewhat subjective, the two are almost distinct in their respective assessment processes, especially when linked to economic concepts.

For example, Bitcoin's trajectory is influenced by global economic conditions, supply and demand and so on. When that doesn't happen according to what we see, the ultimate weapon is trying to link it to other issues. In my opinion no this eclipses its true utility, but it doesn't occur under certain conditions or at that time because there are other perhaps stronger forces.

[alastantiger]

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

Right now what I think is that speculation has taken over cryptocurrency because many projects that have been developed are no longer focusing on real world usage instead of that they rely on speculations and they put a lot of funds into marketing just to make them look like the real deal meanwhile they have nothing to provide for the public. Most of the projects getting launched don't solve any real world problem and that is becoming a problem because then everybody just speculate and trade the market hoping for the best to happen in the future. Bitcoin came into existence because there was a real world problem that needed to be solved and it has tried to solve it so far but just lacks adoption but for the other cryptocurrency they are only in the market because Bitcoin was successful.

[Glowy]

Litecoin has been carrying the most tx volume on bitpay right after btc for years but its price isn’t going anywhere. Normally I would say utility is more important and it is the main reason for the rising prices and it might be true (at least partially) for bitcoin while it is definitely not true for ltc. It is still around 50 bucks for fucks sake. That means speculation beats utility sadly. That doesn’t mean utility has zero effect on the prices but speculation clearly beats it.

Interesting, this is a clear example. Tis to me means they ain't marketing enough, maybe they are not noisy so they get drowned in the space. Not like the coin doesn't have utility value but there is not so much news on it. For a moment I forgot, I had ltc. Thank you for reminding me though.

[KiaKia]

I think for these speculations to end, regulations will need to be introduced and useless coins will need to be reset to zero.

Regulations? On speculation?
I'd very much like to learn the kind of regulation y'd suggest on speculation.Any suggestions?

Shitcoins are dumped into the market by greedy developers. These tokens were developed not to solve financial problems just like Bitcoin but to enrich its developers. The government could regulate the rate at which these shitcoins are pushed into the crypto market. Some of these tokens should go through some regulatory scrutiny before they start promoting them. Coins like Bitcoin shouldn't be regulated because they are decentralized and cannot be easily manipulated.

Thank you, this is exactly what is going on with altcoins, people have learnt to adapt to speculation only, they don't care about utilities because of how foolish developers have make investors look.

Today no one wants to buy coins because of their utilities, they don't care about utilities anymore, this is why all altcoins usually dumped the most, from 75% down to even. 95%, many are already dead and delisted.

It is really bothering, lack of regulation have made many of them to cheat and escape with it, if not many developers would have been arrested and locked up.

[eightdots]

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

Right now what I think is that speculation has taken over cryptocurrency because many projects that have been developed are no longer focusing on real world usage instead of that they rely on speculations and they put a lot of funds into marketing just to make them look like the real deal meanwhile they have nothing to provide for the public. Most of the projects getting launched don't solve any real world problem and that is becoming a problem because then everybody just speculate and trade the market hoping for the best to happen in the future. Bitcoin came into existence because there was a real world problem that needed to be solved and it has tried to solve it so far but just lacks adoption but for the other cryptocurrency they are only in the market because Bitcoin was successful.

There are many cryptocurrencies that don't offer solutions and have only emerged through advertising. These coins don't solve a problem and manage to attract a large portion of the market's volatility. Their marketing is based on speculation.

Politicians' statements about cryptocurrencies are also generally speculative, which distances the coins from real utility. Politics has a good marketing strategy, and that's why many cryptocurrencies emerge as a result of speculation.

[Zigabel]

A lot of crypto activity is driven by speculation.

But the technology also promises:

Decentralized finance, programmable money, global payments.

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

Since it is decentralized, no one single person or entity has the entire power to control all that happens around crypto and so you jus have to relay more on speculative moves because as an asset with shared control, everyone cannot be on the same page at a time, and that alone fuels Volatility which pushes the value and put investors and traders in profit, so it is a very simple but important logic that shows why it has to continually be speculated, that in a way adds to its growth and progress. Speculations actually does stands as a part to how most crypto innovations get funding, because speculations gives hopes to investors on returns far more than the real utility but then the Utility cannot be made away with because the valuation is rooted in it.

[Cryptomultiplier]

A lot of crypto activity is driven by speculation.

But the technology also promises:

Decentralized finance, programmable money, global payments.

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

Since it is decentralized, no one single person or entity has the entire power to control all that happens around crypto and so you jus have to relay more on speculative moves because as an asset with shared control, everyone cannot be on the same page at a time, and that alone fuels Volatility which pushes the value and put investors and traders in profit, so it is a very simple but important logic that shows why it has to continually be speculated, that in a way adds to its growth and progress. Speculations actually does stands as a part to how most crypto innovations get funding, because speculations gives hopes to investors on returns far more than the real utility but then the Utility cannot be made away with because the valuation is rooted in it.

Utility use case and a good structure is what actually acts as a proof that speculation about an asset is growing or making progress, else, over hyping in form of over speculation could even crash the idea or growth of an idea before it becomes profitable.

Speculation drives innovation and that's the truth, but the only problem is when promises made or envisioned can't be met and fulfilled. It becomes a false hope.

[Bluedrem]

In the past, people thought that crypto currency was just speculation. But today, it has been proven to be completely false. At the present time, where Bitcoin is at the peak of popularity and is currently being considered as the state reserve asset of various countries, it is not appropriate to call Bitcoin and other currencies just speculation. With the development of technology, people are expressing their desire to use the economy digitally, due to which digital currencies like Bitcoin are gaining more and more popularity.

[Faisal2202]

One thing that basically drives the market is speculation where people just raise up news to influence the behavior of the market,  any projects that doesn't have any utility doesn't always survive through the bear run, and they could also find it difficult to keep their community active through interaction . Most times what actually determines any projects is how supportive the community is, they also help to hold tight their holdings.

The support of the community can take any project to new heights easily, like they are doing with Bitcoin, no matter how low it dumps every bear market, but in the next bull run, it is touching a price target that no one has predicted at its lowest. That's what makes community support most important, if the community wants, they can bankrupt any project, make them end their operations.

That's what community is for, but these days most of the people are investing in a coin, and they don't show any trust, loyality, they are here for profit, they make their profits they leave, they saw the token going down a little but they leave, this kind of loyality is no good to any project, that's why a project should work on their long term sustainability plans liike how to keep their people attach with them.

[Byebyebtc]

Well the market actually actually needs speculation, because the more people buy the more it attracts developers, liquidity that move the market
Utility is like a long term target, but speculation is what starts the movement it brings attention, interest and capital. But in a long run is when utility comes in

[Cookdata]

A lot of crypto activity is driven by speculation.

But the technology also promises:

Decentralized finance, programmable money, global payments.

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

I have seen more than enough promised made by crypto projects more than they have honored. I'm not sure, probably some of this crypto project don't think about the things they write on papers, the promises are more than what can be achieved from reality but what can you do so you don't turn a hater, you watch and see how they execute promises that are hard for them to achieve, if not for crypto how can you do what even Bitcoin hasn't done Bitcoin before, the innovation audacity is funny I'm not going to lie.

It's good I don't see much of the promises anymore, the investor and the team both knows the promises are just talk of the mouth, anyone who still believes what small group of crypto promised might as well think Altcoins are going to replace Bitcoin one day. Not a single one is decentralize finance, just a small circle of people that use a smart contracts control by same group, programmable money without liquidity, global payments with limitations and many more.

[ZAINmalik75]

A lot of crypto activity is driven by speculation.

But the technology also promises:

Decentralized finance, programmable money, global payments.

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

Crypto is not solely driven by speculation, but most coins, which are usually driven by demand and supply directly, like Bitcoin, are driven by speculation. But that's just not it, there are other factors too, like real world adoption, network usage, institutional interest, regulatory developments, and technological innovation.

Speculation is one thing, but now a lot of alts that are actually solving problems and providing cool services are being speculated on, and they have real use cases, so it's not completely true to say crypto is only driven by speculation. Although at least it is being driven, which is the point that matters to most, and it is true that if most holders and investors stop speculating, the token's volume decreases over time and it can lose its base and could end.

[Oasisman]

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

To be fair, both have a point, and that’s actually normal for new tech. A lot of people enter crypto for speculation, chasing quick profits, but that hype also brings in money and attention that help build real use cases. Cryptocurrencies like Bitcoin and Ethereum didn't become what they are today solely because of their utility at the start, speculation also played a role in funding their growth. In a practical sense, speculation comes first to attract people, but real utility is what makes projects last long-term.

[dunfida]

A lot of crypto activity is driven by speculation.

But the technology also promises:

Decentralized finance, programmable money, global payments.

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

Not totally overshadowed because if we do speak about utility then it would be something that goes for long term, but there are those projects that turned out to be having that very high speculative approach saying this and that plus having those shilling then it did build out that strong community and made out the value that goes up even high in despite on having lacking of actual usage or utility and thats something which is normal into this crypto space and thats why there are those investors who are really that fond of joining up with these projects or investing into it just because once they do able to hit up the right spot then they will be having that chance on getting rich in no time. Yes, its possible and thats what people driven them to invest even into thise shittiest projects out there as long they've seen some potential strong community support then they would be diving in.

If you are someone who are that trying out not to touch up with those projects which it doesnt have any utility and goes for long term then you will definitely be avoiding these type of projects, but in the end of the day it would be that your own preference on how to deal up things accordingly.

[Wind_FURY]

A lot of crypto activity is driven by speculation.

But the technology also promises:

Decentralized finance, programmable money, global payments.

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

There are always, ALWAYS those prospectors/risk-takers who want to speculate on new technologies/inventions since the concept of prospecting began. There were those who speculated on the railroads, on oil drilling, on electricity generation, on telecommunications, on the internet, and NOW on cryptocurrencies.

  ¯\_(ツ)_/¯

Although, if you ask me, the right way for plebs like us to speculate on Bitcoin is to Buy the DIP, and HODL. Or DCA and HODL if you prefer that.

[programmer3666]

A lot of crypto activity is driven by speculation.

But the technology also promises:

Decentralized finance, programmable money, global payments.

Is speculation simply part of how innovation gets funded in crypto, or has it overshadowed real utility?

I guess the main reason is that a lot of big institutions have now entered the crypto space. Because of that, the market is starting to behave more like forex, where money and liquidity control everything, not necessarily the real use cases or utility. So, as long as all these big players are the ones driving price movements, crypto will just remain highly speculative entity. Lot's of people are no longer focused on what a coin actually does, they just care about making profits

[Stalker22]

Where there is money to be made, people will always gamble, or "speculate".  It is mostly just greed, and it has absolutely overshadowed real utility for the average person.

But, in reality, speculation is the only reason the "real utility" you are talking about even exists.  nobody is building decentralized finance or programmable money out of the goodness of their hearts.  They are doing it because they want to get rich.  This would  not be possible if it wernt for the money that speculators bring to the market.