I get this alot "well its all just speculation, its all just a meme" Everything that frames our world is a meme and speculation Governments, bonds, money, marriage etc are all just mutually agreed memes with some that are better than others So what matters is are the memes we use based in first principles and are they tied to the fabric of reality aswell as are they able to be the greatest meme The way bitcoin is able to operate both at the physical layer tied to energy but at sametime can operate at the symbolic meme level of money is testament to how well made it is In the meme concept of stocks even though you dont get a dividend from most companies you buy just to sell higher later - this meme is based on the principle that technically if the whole company started paying profits to owners that you have claim to income Now in the speculation and memes of most "alts" as we know them today are based on the meme idea of tech platforms and value accrual to tokens - they have no tie to physical world in energy and most further fail on the realm of the meme of money and so they are much more in the realm of speculation in the pure sense of the word since most dont have good token value accrual nor enough usage nor revenue "Its all just speculation or meme" is knowing just enough to hurt yourself If you want to learn a topic and furthermore you want to invest a large percent in an area you have to understand these things deeply otherwise you will end up exit liquidity - if this is you i recommend you focus on work and then diversify across multiple asset classes (you should do this anyway but even more so)