[eloff]

I would seriously advise people not to speculate on crypto. The biggest use case is selling it to other speculators. That can't be sustainable.

But only wanting to earn money through effort is a ridiculous notion as well. Investing your savings is a good and necessary idea.

[_trampeltier]

On almost all trading platforms, the trading volume is lower than 2017. I think a lot of people just bought coins over the last year, but not really trade, so just the "few coins left" are traded and make the price.

[ipnon]

I'd really be interested to see the volume of forex vs. circulation. My intuition is that many more dollars trade hands every day for speculation than purchases, but I could be wrong.

[eloff]

That's a different kind of speculation mind , but I'd be curious to see the numbers. I don't think you're correct.

Also you don't want to hold dollars because unlike bitcoin they're inflationary and decrease in value over time - a necessary attribute for something to work well as a currency and one reason among many why cryto thus far is a failure as a currency.

Crypto is closest to gold in that both are scarce commodities used as a store of value. It's a terrible investment though. Warren Buffett made an interesting comparison between all the gold mined in history vs all the farmland in the US and which is a better investment over time.