Has the era of speculation gone?

[Newbie_trader]

Everyday, we try to speculate the direction of the market movement of the different trading instrument.

[Alexthedefender04]

One would hope so, but the cynic in me doesn't see it happening. "Rationality" isn't exactly something speculators are renowned for. Just look at how stock markets reacted not that long ago to a bunch of no-name companies simply changing their name to include the word "blockchain". Or how banks and hedge funds happily trade derivatives in things where the underlying asset is just toxic, repackaged debt. I, sadly, believe there will always be a market to pump and dump worthless crap, although I genuinely wish that wasn't so.

[Juskopo]

Has the era of speculation gone? I think that in the future, blockchain entrepreneurs will have less and less financing, the valuation will gradually return to rationality, and the team's performance may appear to be gambling terms with investors to ensure the project's confidence. Projects will be polarized, excellent projects will get better and better, air-to-air or me too projects with no core competitiveness will die, and the bubble will start to burst.