Why I love the speculators in Bitcoin.

[MidnightWolf]

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.

[serjent05]

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.

[Nanagyasi]

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.

[Darker45]

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.

[imstillthebest]

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  .

[cipherhut]

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

[MonsterV]

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.

[Darker45]

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.

[Kakmakr]

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. 

[Youghoor]

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 

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.

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.