No Speculation, No Crypto? .:. Late Night Blogging

First of all, it's nice to come back from the holidays... 😃 Secondly, the inspiration for this post was the latest @liotes/what-is-the-future-of-crypto" target="_blank" rel="noopener noreferrer">Liotes mission, where we asked the community to share their views about the future of crypto... If you check out the link I shared, don't forget to check out the comment section, as that's the best part of it, and don't forget to leave your opinion on the topic!

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A couple of comments were talking about the "speculative" part of crypto...

• The future is unknown. But everyone I know who talks crypto just wants to get rich. :)
• New opportunities for financial services to make more money.🤑🤑🤑
• Its pretty simple - money! Right now, the majority of the world sees it simply as BTC = $$$.
• It’s hard to say for sure, but I think the heyday of crypto is over. Maybe even BTC won’t grow any further, but as I said, that’s just speculation.
• hard to tell people have been sceptic about crypto since day one , a lot of people have made money and probably the same amount of people lost money .

To be crystal clear... I'm aware that the bear markets are messing up with our brains, trying to find an issue where there is no one, but... In these times, it's important to find that "straw" to hang on, or rock to climb on... It's not easy to keep positive spirits in hard times, and the "speculative thesis" doesn't work in these times, as it always looks like the price will not recover ever! While that could be true, in most cases it's not... Maybe not for all, but the price could go up for many...

But, let's just stop for the moment and forget about the price... We need something MORE... The thing is that there is no way we will have dozens (or hundreds) of cryptos that would be used for payments... You can't launch a token and "hope" for the best... You need MORE, your token has to have MORE value beyond the price...

I truly believe that we will have many different cryptos and blockchains that will perform very well in the medium/long term, thanks to their architecture, to their powerful underlying blockchains... Bitcoin was launched as an idea of a future peer-to-peer money, but a lot of other tokens aren't, and they shouldn't be! Blockchain tech is much more valuable than a simple price tag on it...

I see that many people tend to forget about some REAL values of the HIVE blockchain, the core infrastructure, and the possibilities of building on top of it... I mean, when you hold the token, the price is important, but if you BUILD on top of the chain, is the price that important much?

I had an interesting conversation on this topic today... Imagine building an app on HIVE, where you have your own token tied to it... You are using the chain to write data, to host users' wallets, and for who knows what more... But, as you have your own tokenomics (for your own token), for you, it doesn't matter how HIVE will perform... On the other side, your users would have to have a HIVE account, which already gives value to the chain itself... If they have to transact on the HIVE, they will need HivePower, so there goes another value to the chain...

What's the point of this example... My point is that despite the "bad" HIVE price action, that shouldn't demotivate you to BUILD something on HIVE... If you have a good idea and the way to monetize it, you can always do it without relying on HIVE price or other cryptocurrencies! It sounds hard, but there are already numerous examples out there of similar things happening on other blockchains...

What do you think? Is there any value in crypto behind the pure speculation of the number going up? Let me know in the comments section. I would like to find more than one rock to build the castle!

Thank you for your time.

--ph--

None of this is financial advice!!!


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