We all know that there are many people out there who treat cryptocurrencies such as Bitcoin and Ethereum as an invesment, and who like to speculate on future prices. In this video, I'll be addressing whether or not that's a bad thing.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
***I am in the process of adding many of my videos from YouTube on to DTube. Apologies for any posts that you've already seen before!
Original date of upload: September 13th, 2017
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Thanks for sharing Louis!
I don't really think that's a bad thing: IMO all innovation need some bubble to attract attention and fund, in a way or another.
I agree with this. It is the speculation that brought me in, but the technology & vision for decentralized utility ERC20 Tokens that kept me in this space. I think the same applies to alot of other newbie investors.
Speculation can be good and bad. It is good because it keeps new technology on the forefront, and people actively seeking out the best possible investments.
Bad Because it artificially inflates investment prices .
It is healthy for markets in My opinion.
Good video as always, Louis. Personally I think that speculation is part of supply and demand, if a person is willing to pay a certain price for a cryptocurrency it is because at least there is a technology that supports it and maybe some hope that it will be revalued as any investment.
Agree, I don't think it is a bad thing that people speculate on bitcoin. The volatility will be decreased if the market cap increase. This week we probably going to see more volatility due the Bitcoin's next Future expiration.
Upvote this comment so I can afford to eat as well as pay a bill #welfare
It's fine but there a lot "GURU" of cryptocurrency that told you something like bitcoin to the moon buy now! bitcoin 100k $ in 2018! buy! And everyone can earn a lot but thre true is maybe only 5-20 % earn something. And Price is hard to estimate so just listen but not take a advice
You are of course correct. The fact that the value of something is speculated upon is normal....indeed good. Markets are the only way to establish value in a free society. The concern here is that most of the players in the system ...the individuals who create the market forces in cryptocurrency trading have no valid way of assessing value....or future utility. If I buy a stock I can look at the company’s earnings and guess what the firm’s outlook will be going forward. Most people in a very basic way can grasp the way a bank makes its money or whether a manufacturer’s products are likely to be in demand. Only a few people have the understanding you do of cryptocurrency. You seem like a nice fellow, but I have no idea if you are right or completely out of it with regard to cryptocurrency. When you talk about the weather, socialism, or markets I can evaluate what you say. I have enough knowledge and background to agree or contest what you say. As I have written before: Even if Bitcoin is a total success and frees us from the tyranny of government-controlled money supply we have no idea what the value of the stuff will be. For all I know a Bitcoin will be worth £14.56 in 2023.
I have no idea. Sadly , I am not sure you do either.
I do enjoy your videos
I hope that I have played by the rules by posting further comment on this video on my own blog. In addition I have suggested that people watch your balanced and instructive blogs/ videos
bitcoin 50k before the end of the year
Volatility is great for trading. The people who are going to get rich are going to either be very lazy or brave on their trades. :)
speculation is what is causing all of this volatility
It is hilarious to see commentators dismiss cryptocurrency about a range of issues but fail to acknowledge a lot of the same issues are evident in existing regulated markets...
With regards to cryptocurrency speculation, it's normal. While there are some 'moon' shills etc, the difference is that any bubble in cryptocurrency is not a systematic risk to the financial system whereas property and stocks have been shown they can cause serious damage to the financial system with leveraged speculation.
It seems to me that there are "two tribes" that make up the crypto camp. Those people who are dissatisfied with the current financial system and see crypto as a way to reclaim sovereignty over their money and hold a non-correlated asset and those seeking a "get rich quick" scheme. Speculation will always be part of any financial system and is something everyone has to live with. However many not in the "get rich quick" camp, will see the "turbo speculation" as negative and detrimental to mass uptake of crypto and block-chain technology.
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It isn’t a bubble if we use this tech. Without use it’s just speculation and yes, a bubble. I wrote about how cryptos would have helped my last business below
https://steemit.com/bitcoin/@unclepeterdonkey/what-makes-your-coin-valuable-litecoin
All you gotta do is HODL and make money. Stop panicking and selling. Market is gonna boom, very soon.
thanks for sharing! i will start following your exciting posts! Checkout my posts as well
I think the majority of investment is speculative at the moment. It's not in itself a bad thing, but for bitcoin (and crypto in general) to reach the heights most of us are hoping for it needs real world usage rather than just speculation.
Speculating on Bitcoin is only bad if you took out a 2nd mortgage or ran up your credit card to investing/speculate on Bitcoin. If you invested/speculated a small portion of your portfolio on Bitcoin, then that's OK and actually encouraged under traditional investment diversification. For example, a small investment in Amazon 20 yrs ago would have turned into at least 6 figures. Bitcoin, but more importantly the Block Chain will be bigger than Amazon and the Internet and is the biggest opportunity of our generation for creating wealth. So shame on you if you don't speculate on Bitcoin...just be financially responsible about and HODL because we are just in the 1st inning.
I think speculating in Bitcoin still brings more good than bad. As long as Bitcoin is being heard even in small talk, there's always a chance a curious investor will dive into it sometimes just to try things out.
#WhenMoon HAHA
Thanks for the video.
Speculating is a way on capitalism system. Doesn’t matter. The market by itself will adjust to right level.
We all only need know the rule’s play
Have a good Monday!
Wow fantastik
Can you do a debate against Tone Vays about altcoins? Would be cool if you could prove him wrong!