Speculation or Actual Usefulness?

So much of what happens in crypto seems to be fueled by speculation. Yet, we’ve got some solid tech on the table: Decentralized finance, programmable cash, worldwide transactions. Is speculation just a necessary evil for funding innovation in crypto, or is it actually drowning out the true value?

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.

When what drives the market is not fully known or the elements that creates certain market conditions are not named, all you are left with is your ability to speculate, using history as a guide on how to go forward. While Def, scarcity, blockchain technology and other aspects to crypto might serve core purposes to why certain individuals endorse the cryptocurrency, its utility remains very real to those that are within the crypto space and choose to use it to a means that could range from accumulation to exchange of values.

So it's safe to say, the ability of a speculate or just analyze a project to convince investors without utility is all that matters. That to me, means good marketing without a concrete solution. That a project is coming with. If that is the case then indeed, speculation is the main focus.

Speculation is like the driver of market and the utility is the steering wheel and control pad which there is no movement without its use, hence the speculation and utility works hand in hand which is why you see cryptos with no utility but has speculation which is the hype seem not to exist or have gone into extinction after the trending period.

in businesses, this has always been the case. people invest in whatever they think can give them returns whether or not it has utility but of course those with utility may have higher chances of earning since it can be sustainable

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

Speculation is what comes with a real good utility. Sort of like booster to attract mass adoption, whenever you see a new shiny thing appear it's almost guaranteed that there will be some sort of speculation. It's as you said, speculation is simply part of how utility gets funded. Venture Capital and Angel Investor are betting their money on early phase funding the founder to implement the utility and some kind. If there is no speculation for it, I doubt we'd be getting this much funding to begin with. It's basically like a double edged sword.

BTC is the most wide spread and secure virtual coin. In a world where Iran is dropping missiles and drones on many countries 11 BTC has huge utility to protect wealth. Since feb 28 gold dropped silver dropped btc went up why is that? an Iranian drone or missile can not wreck melt or ruin BTC in proper storage. but gold and silver can be wrecked Since 11 countries have suffered hits. many wealth people in those country are offloading some hard assets for BTC So yeah BTC is a safe place for wealth (at least from missile and or drone attacks)

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.

I believe the best way to increase usage is through the utility. It's going to be a great result in terms of usage, and that can be seen on-chain: volume, amount, etc. Utility has been improved by different chains like BASE, OP, ARB, etc., making it cheaper to transact and easier for people to adopt. What could kill this is regulation that is too much, because it can be harder to comply with and lead to less market adoption. Speculation is always necessary to make the market interesting. We cannot control it, so adjust to it.

Speculation funds the building phase. Dotcom bubble was pure hype but it built infrastructure we still use. Same thing happening here. Useful projects will outlast the speculation cycle.

On the one hand, speculation has overshadowed revolutionary technical solutions (the potential of blockchain and smart contracts is still far from being fully disclosed and used), but on the other hand, without speculation, cryptocurrencies are unlikely to occupy such a significant place in the economy that they occupy now. Therefore, it is impossible to say unequivocally that speculation is good or bad for cryptocurrencies.

I don't believe speculation is all that matters. When speculation and hype are all a product has, it will only remain relevant for a short while. With time, people will realise that it offers nothing concrete, or it's just average, and that will make them lose faith in the product. Good marketing is good, but it can only take you so far when the product or project is average. There is a reason why memecoins and many other coins just reign for a while. Immediately, the hype dies down, and the project goes down with it. There is nothing more that can organically drive more hype.

Its just like any other kind of ventures where people try to create a big promise of return without the investors fully knowing how the mechanism or the service actually works. And are there for their greed on "big returns".

I have heard expressions many times that the world is not yet ready to accept Bitcoin. And I think that the authors of this expression meant that the community and traders see Bitcoin only as a truly speculative asset, not fully understanding the essence of the fact that Bitcoin is useful and has no analogues. There is not a single asset with a limited issue in the world except Bitcoin. However, I have recently heard that gold has not had new mines for two years, but this sounds like a speculative story in order to maximize fud about gold and increase the price. Technologies are developing, and new mines are one hundred percent located.

Bitcoin utility is a passed but people make it to be a successful one, if no one is adopting Bitcoin it would ware away with time, this is what happened to other coins in crypto space, they have what it takes but the developers ruined everything because they always don't keep their promises. Bitcoin is reliable because nothing is been changed later, it's a true decentralisation, this is what people wants, a project that fulfill it's destiny, alternative coins are failing here and there because of lack of trust. This is why ICO days was a successful era, the dream to get into projects as early bird was possible, people wanted to find the next big thing but developers made them lose trust. They were played, billions was lost or stolen by rug pulls, the trust from investors decreased over time, this still affects crypto space till today.

If an investor isn't smart enough and can't separate good investments from bad ones, he would be easily attracted by the promise of big returns. We all hope for big returns but the truth is it is not that easy. If an investment makes it sound easy, most likely there won't be any actual returns and those are just empty promises.

I agree that speculation alone cannot sustain a project for long. During bull markets, good marketing can attract investors even w/o strong utility but when the bear market arrives, only projects w/ real use cases, active development & strong communities tend to survive so for me, speculation is part of the ecosystem but it shouldn’t replace utility.

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