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RE: Do Cryptocurrency Speculators Fear Utility?
"Could it be we love the promise of future disruption and avoid the reality of current utility?"
That is a really good question. For me I think the answer is no, because I am with you in supporting STEEM and BitShares for their utility despite them being neglected by the speculative boom of others. I think for the majority of "hot money" the answer is yes. Far too many people are investing in this space hoping to make a quick buck in the next get-rich-quick scheme. The prospect of a modest 20% return per annum does not interest them. They want everything to "moon" so they can buy their "Lambos".
Lambos all around!
Heheh. Yeah, it's difficult sometimes to stick with rational investing when there's so much irrational money all around to be made. I remember when I invested in OMG, NEO, and SAN and they blew up. I could have made a nice return then, but I guess I'm more of a buy and hold investor. Still though, they did much better than STEEM/BitShares (so far anyway).