Why I love the speculators in Bitcoin.

Rufsilf

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Quote from: jazmuzika217 on July 21, 2019, 10:52:09 AM

I agree with you. Speculators make help us to earn. Because whatever they say the result to us is to invest. Even they say that bitcoin is going to rise we invest more and when they say that bitcoin will fall we also invest because we are thinking to invest and hold then wait to the right price value before to sell it. So thanks a lot to all speculators.

Good point, speculators do somehow affect the prices since investors will tend to move the coins whenever they see a prediction or if they are seeing that the price is going towards the point that was predicted. However, not all speculations are correct thus speculators cannot only help increase the price but can also make dump so I don't like speculators that much.

Onuohakk

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Interesting.. It's like you live in Austria cos that's where such things can easily happen. This should be a very wonderful experience for you and your friends, using bitcoin as part of payment in food vendors.

Panchum

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Quote from: Kakmakr on July 21, 2019, 07:30:30 AM

I just realized speculators add some value to all of us, when they cause spikes in the price. I am a hoarder through and through, but I like to support Bitcoin merchants by buying and paying with bitcoin for some food and drinks on a daily basis. This is the only way to make sure that there would be a continuous demand for coins, if we "feed" the merchants that supports us.

So my strategy has always been to use +/- 20% of all the coins I buy... and most of these coins are spend daily on food and drinks. I buy the odd hamburger and chips or Taco and drinks at a local street food merchant that accepts Bitcoin.

This gets me to the point of my topic and that is that speculators can have a positive influence on my spending habits and the amount of coins that I spend. If they push up the price, I get to spend less coins. A Taco and Cooldrink cost about say 0.0004 BTC today and when they drive up the price, I can spend less coins the next day, when that same food costs say 0.0003 BTC Roll Eyes

Some people stop spending coins, when the price is too low and that is bad for the whole Bitcoin ecosystem.

Some people hate these speculators, but I love it when they push up the price and I can spend less coins. Grin

I loved also speculators in bitcoin because they give me hope if there's a future we hope for. I stand firm beleiving that bitcoin will help me reach the price l hope to reach my dreams for my kids to give them a best future.Speculators makes give me strength if they predict that the prices will increase in the future.

thecryptogandalf

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Quote from: Rozita on July 21, 2019, 10:31:42 AM

What is you are doing is what is really needed for surviving of bitcoin. If bitcoin is not used as a payment system, it will be failed in the long term.
Most of the people are now unable to do what you are doing. Because It is impossible to find a store that accept bitcoin as the payment method. But. honestly I am not sad. Because I expect buying things will be available almost all over the world sooner or later. So I can now use the opportunity of investing and try to fill my bag.

Yes, agree. And I think BTC is just facing with some resistance by governments and big banks which is completely normal, but the thing is as you said sooner or later, it will become available all over the world. It is inevitable.

antisocial77

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You think you spend less money when speculators play with the price bu you are wrong.many many people stay away from crypto just because its very speculative.so you would less money if here would be less speculative.

Youghoor

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Quote from: Kakmakr on July 21, 2019, 07:30:30 AM

I just realized speculators add some value to all of us, when they cause spikes in the price. I am a hoarder through and through, but I like to support Bitcoin merchants by buying and paying with bitcoin for some food and drinks on a daily basis. This is the only way to make sure that there would be a continuous demand for coins, if we "feed" the merchants that supports us.

So my strategy has always been to use +/- 20% of all the coins I buy... and most of these coins are spend daily on food and drinks. I buy the odd hamburger and chips or Taco and drinks at a local street food merchant that accepts Bitcoin.

This gets me to the point of my topic and that is that speculators can have a positive influence on my spending habits and the amount of coins that I spend. If they push up the price, I get to spend less coins. A Taco and Cooldrink cost about say 0.0004 BTC today and when they drive up the price, I can spend less coins the next day, when that same food costs say 0.0003 BTC Roll Eyes

Some people stop spending coins, when the price is too low and that is bad for the whole Bitcoin ecosystem.

Some people hate these speculators, but I love it when they push up the price and I can spend less coins. Grin

I don't really think speculators add any value to Bitcoin but rather scare new investors or people from joining the crypto ecosystem. Speculators introduce doubt and fear into newbies in the crypto space, which somehow prevents them from understanding the true nature and purpose of the use and creation of cryptocurrency or Bitcoin to be specific. Speculators are just bad nuts in the crypto ecosystem.

Kakmakr

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Quote from: Darker45 on July 30, 2019, 10:32:42 PM

Quote from: imstillthebest on July 30, 2019, 05:36:52 AM

Quote from: Darker45 on July 30, 2019, 05:32:01 AM

Quote from: serjent05 on July 29, 2019, 05:20:06 PM

Quote from: ?? on ??

In some cases, speculators can negatively influence the development of certain projects, since these people have the opportunity to create a stir around the coin, despite its prospects, to attract more buyers, and then provoke a collapse and another price increase, which, given a certain alternation of such opportunities, opportunities to get rid of even bad coins at a high price.

I don't think that is the work of speculators. Those are shillers IMO. Speculators are those who are buying with an expectation of a profit one day. So basically these people are hoarders at one point and dumpers at another point. Regardless, this is just a normal phenomena in trading (uptrend and downtrend). Anyway, I do like speculators too since they give a positive vibes on the market.

I do love speculators as well. But not just because they give positive vibes on the market. I also love they way they affect the value of Bitcoin on a negative way. They could very well be instruments for those of us who would want to enter the market with a low price. And I believe the speculators' hands are all over every pump and dump in Bitcoin's price history.

i dont think that speculators are responsible for the pump and dump of the price , not even shillers because these people are mainly speculating and not doing the real job which was buying or selling but if ever they did , i still dont think that they can move the price depending on thier preference because most of these guys are only small or dont have much resources as when compare to a real crypto whale or an institutions that has alot of capital to manipulate the entire crypto market .

Actually, market speculators are not these: "people are mainly speculating and not doing the real job which was buying or selling." I think you are wrong about this. Speculators do not just idly speculate and do nothing about their speculation, not even gaining from it. The people you might be referring to are those mere shills who just release statements after statements trying to affect the market. Market speculators are actually traders and investors who are sophisticated and brilliant enough to compute and take huge risks and earn profit from it. And so they affect the prices.

Shills are pure nuisance most of the time, if not all the time. Speculators, on the contrary, are very much needed in the market.

Yes, I think you highlighted a very specific thing about a lot of hard-core speculators in Crypto currencies and that is the risk that they are taking. It takes a huge pair of balls to dump a lot of money into a highly speculative and unregulated commodity like Bitcoin. A lot of these people are doing this on platforms that does not give them the traditional protection that regulated platforms gives to their traders.

It is also important to make a clear distinction between a true speculator/trader and those shills that are just spreading FUD to make a quick buck. Roll Eyes

Darker45

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Quote from: imstillthebest on July 30, 2019, 05:36:52 AM

Quote from: Darker45 on July 30, 2019, 05:32:01 AM

Quote from: serjent05 on July 29, 2019, 05:20:06 PM

Quote from: ?? on ??

In some cases, speculators can negatively influence the development of certain projects, since these people have the opportunity to create a stir around the coin, despite its prospects, to attract more buyers, and then provoke a collapse and another price increase, which, given a certain alternation of such opportunities, opportunities to get rid of even bad coins at a high price.

I don't think that is the work of speculators. Those are shillers IMO. Speculators are those who are buying with an expectation of a profit one day. So basically these people are hoarders at one point and dumpers at another point. Regardless, this is just a normal phenomena in trading (uptrend and downtrend). Anyway, I do like speculators too since they give a positive vibes on the market.

I do love speculators as well. But not just because they give positive vibes on the market. I also love they way they affect the value of Bitcoin on a negative way. They could very well be instruments for those of us who would want to enter the market with a low price. And I believe the speculators' hands are all over every pump and dump in Bitcoin's price history.

i dont think that speculators are responsible for the pump and dump of the price , not even shillers because these people are mainly speculating and not doing the real job which was buying or selling but if ever they did , i still dont think that they can move the price depending on thier preference because most of these guys are only small or dont have much resources as when compare to a real crypto whale or an institutions that has alot of capital to manipulate the entire crypto market .

Actually, market speculators are not these: "people are mainly speculating and not doing the real job which was buying or selling." I think you are wrong about this. Speculators do not just idly speculate and do nothing about their speculation, not even gaining from it. The people you might be referring to are those mere shills who just release statements after statements trying to affect the market. Market speculators are actually traders and investors who are sophisticated and brilliant enough to compute and take huge risks and earn profit from it. And so they affect the prices.

Shills are pure nuisance most of the time, if not all the time. Speculators, on the contrary, are very much needed in the market.

MonsterV

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Quote from: serjent05 on July 29, 2019, 05:20:06 PM

Quote from: ?? on ??

In some cases, speculators can negatively influence the development of certain projects, since these people have the opportunity to create a stir around the coin, despite its prospects, to attract more buyers, and then provoke a collapse and another price increase, which, given a certain alternation of such opportunities, opportunities to get rid of even bad coins at a high price.

I don't think that is the work of speculators. Those are shillers IMO. Speculators are those who are buying with an expectation of a profit one day. So basically these people are hoarders at one point and dumpers at another point. Regardless, this is just a normal phenomena in trading (uptrend and downtrend). Anyway, I do like speculators too since they give a positive vibes on the market.

But not really, sometimes speculators really lead us to FOMO currents which only cause losses. There are many types of speculators, there are speculators who speculate only for their own interests to influence the market and there are also speculators who share their own analysis. I myself prefer speculators who have basic facts about what they speculate and don't talk nonsense to bring people to the FOMO stream.

cipherhut

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Inspecting the price with market analysis and pushing it ahead in the price spectrum will always help in changing the market mood.

imstillthebest

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Quote from: Darker45 on July 30, 2019, 05:32:01 AM

Quote from: serjent05 on July 29, 2019, 05:20:06 PM

Quote from: ?? on ??

In some cases, speculators can negatively influence the development of certain projects, since these people have the opportunity to create a stir around the coin, despite its prospects, to attract more buyers, and then provoke a collapse and another price increase, which, given a certain alternation of such opportunities, opportunities to get rid of even bad coins at a high price.

I don't think that is the work of speculators. Those are shillers IMO. Speculators are those who are buying with an expectation of a profit one day. So basically these people are hoarders at one point and dumpers at another point. Regardless, this is just a normal phenomena in trading (uptrend and downtrend). Anyway, I do like speculators too since they give a positive vibes on the market.

I do love speculators as well. But not just because they give positive vibes on the market. I also love they way they affect the value of Bitcoin on a negative way. They could very well be instruments for those of us who would want to enter the market with a low price. And I believe the speculators' hands are all over every pump and dump in Bitcoin's price history.

i dont think that speculators are responsible for the pump and dump of the price , not even shillers because these people are mainly speculating and not doing the real job which was buying or selling but if ever they did , i still dont think that they can move the price depending on thier preference because most of these guys are only small or dont have much resources as when compare to a real crypto whale or an institutions that has alot of capital to manipulate the entire crypto market .

Darker45

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Quote from: serjent05 on July 29, 2019, 05:20:06 PM

Quote from: ?? on ??

In some cases, speculators can negatively influence the development of certain projects, since these people have the opportunity to create a stir around the coin, despite its prospects, to attract more buyers, and then provoke a collapse and another price increase, which, given a certain alternation of such opportunities, opportunities to get rid of even bad coins at a high price.

I don't think that is the work of speculators. Those are shillers IMO. Speculators are those who are buying with an expectation of a profit one day. So basically these people are hoarders at one point and dumpers at another point. Regardless, this is just a normal phenomena in trading (uptrend and downtrend). Anyway, I do like speculators too since they give a positive vibes on the market.

I do love speculators as well. But not just because they give positive vibes on the market. I also love they way they affect the value of Bitcoin on a negative way. They could very well be instruments for those of us who would want to enter the market with a low price. And I believe the speculators' hands are all over every pump and dump in Bitcoin's price history.

Nanagyasi

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Btc is affected by a number of factors of which one include speculations. Well, if the speculations works well for you then you smile and if it goes bad, you cry.

serjent05

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Quote from: ?? on ??

In some cases, speculators can negatively influence the development of certain projects, since these people have the opportunity to create a stir around the coin, despite its prospects, to attract more buyers, and then provoke a collapse and another price increase, which, given a certain alternation of such opportunities, opportunities to get rid of even bad coins at a high price.

I don't think that is the work of speculators. Those are shillers IMO. Speculators are those who are buying with an expectation of a profit one day. So basically these people are hoarders at one point and dumpers at another point. Regardless, this is just a normal phenomena in trading (uptrend and downtrend). Anyway, I do like speculators too since they give a positive vibes on the market.

MidnightWolf

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Quote from: Mandoy on July 29, 2019, 08:20:34 AM

As the saying goes buy the rumors sell the news. This is a normal spectacle not only in bitcoin trading but also to stockmarket, forex and the whole cryptocurrency market as well. In bitcoin there are two groups the bullish and the bearish groups. These two groups love to speculate, the bullish sees bitcoins hits a million dollars while the extreme bearish will say that another bubble will pop out. But in the end the strongest influencer will really win the tug of war since speculation plays a major role in how the traders buy and sell bitcoin. But I hope bitcoin goes up more and really hits 20k$ this year.

Such rumors and speclations will always exist, it's part of the crypto "show". The thing.is that we need to be very careful with such predictions and speculations and not take them too serious. That could especialy confuse new users that end up lost and often make wrong decisions, so be careful with judgements.

Maybe I’d give the wrong answer, but it seems to me that it is speculators who support Bitcoin’s volatility, which also makes it possible for us, ordinary users of cryptocurrency, who bought a little bit of Bitcoin or decided to make some money on daily trading. I have always believed that not only the quality of the project and the professionalism of the team affects the pricing of the coin, but also speculation.

7788bitcoin

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Quote from: Mandoy on July 29, 2019, 08:20:34 AM

As the saying goes buy the rumors sell the news. This is a normal spectacle not only in bitcoin trading but also to stockmarket, forex and the whole cryptocurrency market as well.

There is a major difference between stock market and the crypto market, the stocks have a performance oriented base to look up to and the general market situation and that is how the market moves, but when it comes to bitcoin, it is basically the buyers and sellers and then the moral thought that bitcoin will be used as a major transaction medium in the future or used as a store of value and that is the reason people are investing in bitcoin, basically the speculation market is driving the bitcoin market and there is nothing to complaint about that .

Mandoy

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As the saying goes buy the rumors sell the news. This is a normal spectacle not only in bitcoin trading but also to stockmarket, forex and the whole cryptocurrency market as well. In bitcoin there are two groups the bullish and the bearish groups. These two groups love to speculate, the bullish sees bitcoins hits a million dollars while the extreme bearish will say that another bubble will pop out. But in the end the strongest influencer will really win the tug of war since speculation plays a major role in how the traders buy and sell bitcoin. But I hope bitcoin goes up more and really hits 20k$ this year.

romero121

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Quote from: Kakmakr on July 21, 2019, 07:30:30 AM

Some people hate these speculators, but I love it when they push up the price and I can spend less coins. Grin

We, ourselves are also called a speculators, this market at this stage is build on speculation, so that's the main game here, therefore we should be aware.
Price could pump, that's good but it necessary to ensure we don't just follow it without making a research, whether we are for long term or short term, we need to determine the reason behind on every price pump in the market.

Cryptocurrency is a speculation driven market. Whether it is long term or short term price pumping, however we make the research it is impossible to determine the key reason for the price pumping. It is obvious to see the speculations making wild changes upward and downwards.

In the Op it is stated he stated his wish to spend on needs with bitcoin and happy when the same is got for less bitcoin when the price is pushed by the speculators upward. By this time everyone won't get interested, because very few consider it on spending while majority of the users prioritize it as investment and for trading needs.

diahsw

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Quote from: Kakmakr on July 21, 2019, 07:30:30 AM

I just realized speculators add some value to all of us, when they cause spikes in the price. I am a hoarder through and through, but I like to support Bitcoin merchants by buying and paying with bitcoin for some food and drinks on a daily basis. This is the only way to make sure that there would be a continuous demand for coins, if we "feed" the merchants that supports us.

So my strategy has always been to use +/- 20% of all the coins I buy... and most of these coins are spend daily on food and drinks. I buy the odd hamburger and chips or Taco and drinks at a local street food merchant that accepts Bitcoin.

This gets me to the point of my topic and that is that speculators can have a positive influence on my spending habits and the amount of coins that I spend. If they push up the price, I get to spend less coins. A Taco and Cooldrink cost about say 0.0004 BTC today and when they drive up the price, I can spend less coins the next day, when that same food costs say 0.0003 BTC Roll Eyes

Some people stop spending coins, when the price is too low and that is bad for the whole Bitcoin ecosystem.

Some people hate these speculators, but I love it when they push up the price and I can spend less coins. Grin

It's been a year since I first tasted the digital currency. First, Cryptocurrency is looking for "fair value". All products, whether property, gold, stocks, bonds, and others always have fair value, and investors have a different approach to determine that point. At present, almost all investors in the world judge that the price of Bitcoin is too high compared to the benefits received. to buy bitcoin and other digital currencies at the lowest possible price. Thus the profit they get will be higher. tcoin and other digital currencies have made dozens of rich people suddenly.

Incredibly increasing trends are authentic proof of the past. How in the future?
Even magicians will not be able to predict correctly, but learning from existing patterns, the potential increase in the value of bitcoin in the future is not an impossibility. the majority of other crypto currencies use blockchain technology without involving third parties, namely banking. Thus, there are no rules that have the potential to hinder the payment process.

arpon11

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Quote from: Kakmakr on July 21, 2019, 07:30:30 AM

I just realized speculators add some value to all of us, when they cause spikes in the price. I am a hoarder through and through, but I like to support Bitcoin merchants by buying and paying with bitcoin for some food and drinks on a daily basis. This is the only way to make sure that there would be a continuous demand for coins, if we "feed" the merchants that supports us.

So my strategy has always been to use +/- 20% of all the coins I buy... and most of these coins are spend daily on food and drinks. I buy the odd hamburger and chips or Taco and drinks at a local street food merchant that accepts Bitcoin.

This gets me to the point of my topic and that is that speculators can have a positive influence on my spending habits and the amount of coins that I spend. If they push up the price, I get to spend less coins. A Taco and Cooldrink cost about say 0.0004 BTC today and when they drive up the price, I can spend less coins the next day, when that same food costs say 0.0003 BTC Roll Eyes

Some people stop spending coins, when the price is too low and that is bad for the whole Bitcoin ecosystem.

Some people hate these speculators, but I love it when they push up the price and I can spend less coins. Grin

The merchants are the one following the blueprint of bitcoin whitepaper! Bitcoin must be seen as money especially cash in other for us to really utilize it potential. We should be able to used bitcoin The way we used cash in buying foods, clothing and drinks. We may not have see this in full force now but in future that is how it is going to be. We used bitcoin now as a speculative assets and most of us just want its price to keep increasing because they want to keep making profits and that reduces bitcoin to commodities and not currencies.

Topic: Why I love the speculators in Bitcoin. (Read 904 times)