I use Bitcoin Cash like any other currency - for payments and savings - Twatter knows. I do speculate - spending more at higher rates - acquiring more at lower rates
That's economic activity. By speculators I mean ppl whose perspective of crypto starts & ends /w speculative (often leveraged) trading & their only aim is to inflate their fiat wealth.
It is everyone's right to be speculative. We will always be objective in responding to them.I'm sure the banks do trading in silence and never divulge their wealth generation.
99% of the crypto market is speculative trading currently. Back then I subscribed to p2p money, not a p2p pyramid scheme.
I think some exchanges are "overreporting" trading volume and you can't compare spot and margin markets - it's difficult to measure spending in cryptocurrency
It's good that CoinGecko has developed a trust score in the exchangers that reports false trade volumes. As what I know there are only 10 Exchangers that have real volume circulating.
Represents the fakeness of this "industry" perfectly.
