If you put real money in you have added something to the project. It is money that attracts investment and retailers. It does not matter if you put the cash in for speculative reasons. The problem is people who put nothing in expecting millions of dollars. Reading this forum they even seem to think they somehow deserve it.

While the bubble callers have been correct so far, I don't think there really was a speculative bubble. I think bitcoin keeps getting crushed under the weight of people who got in early and now want something for nothing.