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I would like to know if there is anything that moves the crypto market apart from the speculators, or are cryptocurrencies purely speculative?

For example, in the oil industry there are hedgers who play a large role in what happens to commodity prices.

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    Buyers and sellers move the price of a security. It doesn't matter if they are speculators, hedgers or investors. – Bob Baerker Feb 13 at 15:54
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    Probably speculators, criminals, and enthusiasts. I'm sure the latter two categories are minorities. – user253751 Feb 13 at 16:06
  • All currencies are volatile. Most people don't see the volatility, though, because all of their transactions are in the local currency and they rarely have to exchange currencies. – Daniel Mar 3 at 3:28
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Cryptocurrency miners are likely to hedge production. Bitcoin can be hedged with futures and options. Other hedges would require a business contract with an exchange or with an investment bank.

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Mining plays a huge role. The trading process is seriously influenced by the media. Some great cryptocurrency projects are overlooked just because of the lack of rave reviews while some average projects are going up due to good publicity.

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  • Interesting point! Do you have any example of these 'overlooked' projects? – Udb Mar 2 at 21:54
  • I remember when BAT wasn't discussed too much. Of course, nowadays this project is quite popular and I can't call it "overlooked". Some people claim that Holochain is something really great but I can't see too much info about the project. DLT technologies aside from blockchain are an interesting sphere in general but commonly we only hear about blockchain-based projects. – GarryGT Mar 3 at 19:35

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