Does bitcoin price speculation make sense

[kryptqnick]

I've seen a lot of threads on this forum, speculating about the price of bitcoin regularly. We make guesses but what are they based on? It might be a chart with previous fluctuations but we know that if something happened once it doesn't mean it will happen again. And yet I guess it is us, the btc users, who actually control the price by believing in it bieng worth something. What do you think?

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[serjent05]

I've seen a lot of threads on this forum, speculating about the price of bitcoin regularly. We make guesses but what are they based on? It might be a chart with previous fluctuations but we know that if something happened once it doesn't mean it will happen again. And yet I guess it is us, the btc users, who actually control the price by believing in it bieng worth something. What do you think?

Well speculation does makes sense, since trading future is unknown, we cannot control the future factors affecting the stocks or whatever we are trading, It shows hope of a person trading to have positive gain even though a possible lost can be seen which result in emotional contentment on his trade.   I think if it brings positive emotion to people, it do make sense.

[Huge Black Woman]

They based onna ho buncha bullsnips.  They based on hope.  An' mostly they based on ig'n'ance.  Jist people spoutin' they mouths off, wantin' the price ta go up, but nobody here know.  We all inna same boat o' silliness an' confusion.

[n691309]

I've seen a lot of threads on this forum, speculating about the price of bitcoin regularly. We make guesses but what are they based on? It might be a chart with previous fluctuations but we know that if something happened once it doesn't mean it will happen again. And yet I guess it is us, the btc users, who actually control the price by believing in it bieng worth something. What do you think?

When people speculate it is good (and more real) to be based somewhere because a speculation without (at least poor) evidence then it doesn't make sense. But people mostly speculate based on their past experience and hope that the situation is a bit similar with the past and the same can happen today or in the near future. Nobody knows for sure what will happen or what the price will be but some can estimate approx.

[BOSA.io]

There is a saying "pure speculation" for a reason, it is not derived from anything that is 100% predictable.

[Vaskiy]

Price speculation too makes sense, we cannot completely deny it. Early days speculation from the small user group who continued to speculate is the reason for a gradually increase in the price, else it too could have served similar to other altcoins.

[pooya87]

I've seen a lot of threads on this forum, speculating about the price of bitcoin regularly. We make guesses but what are they based on? It might be a chart with previous fluctuations but we know that if something happened once it doesn't mean it will happen again. And yet I guess it is us, the btc users, who actually control the price by believing in it bieng worth something. What do you think?

sometimes the topics are pure speculation or better called guesses. but sometimes they are real speculation based on analysis this can be technical or fundamental analysis.
and as you know most of the time you listen to the news and look for what is happening in the world and adoption of bitcoin and then give some speculation about bitcoin price. as an example i can mention the halving last year.

[Fredomago]

I've seen a lot of threads on this forum, speculating about the price of bitcoin regularly. We make guesses but what are they based on? It might be a chart with previous fluctuations but we know that if something happened once it doesn't mean it will happen again. And yet I guess it is us, the btc users, who actually control the price by believing in it bieng worth something. What do you think?

For me mate your point is correct we as the users and traders are the one who imfluences the price of btc we are the one who make changes, speculations help to move the directions if theres someone who speculate because of previous things happen it us who believes on will move it up or dump it down.

[Text]

For me, bitcoin price speculation here or out of this forum some of them make sense. Sometimes it really helps on how or what will you do next with your bitcoins. Well, still it is just there own opinions and predictions; it is a guide for us. I know they base it from the price history and previous movements.

[lumeire]

And yet I guess it is us, the btc users, who actually control the price by believing in it bieng worth something. What do you think?

That's actually what it is, we give value to BTCBTCBTC and people accept that value. This space is entirely speculatory, and what we've built through the years is a product of it so it's not bad at all. We're moving mountains here with this tech, and it's gotta be worth something.

[harizen]

I've seen a lot of threads on this forum, speculating about the price of bitcoin regularly. We make guesses but what are they based on? It might be a chart with previous fluctuations but we know that if something happened once it doesn't mean it will happen again. And yet I guess it is us, the btc users, who actually control the price by believing in it bieng worth something. What do you think?

Speculations by all people here in the community does really have sense if in such cases they can show some reasons and support to their basis why should that speculation would become senseful in any ways. Stating like "$4,000 , $3,000 by end of the year 2017" isn't speculations to consider literally but rather a guess one.

But you know speculations can be a reference for people if how will they respond to the current price rate whether to buy or to sell their stash. The effect of it is kinda can give impact on how will they react to the possible price movement in bitcoin price.

[Herbert2020]

I've seen a lot of threads on this forum, speculating about the price of bitcoin regularly. We make guesses but what are they based on? It might be a chart with previous fluctuations but we know that if something happened once it doesn't mean it will happen again. And yet I guess it is us, the btc users, who actually control the price by believing in it bieng worth something. What do you think?

it depends on which topic you are talking about, they are mostly FUD topics and full of lies wanting to achieve some purpose, mostly filling their own orders they have places before.
but you do the same as you do with any other market price, it is based on analysis of the market.
you can read about so many resources in the sticky here and also if you search for them on the internet about how to speculate the price and be a trader.

[Babayega31]

Yes it make sense for me because it may affect price drop and rise due to users vision and thinking about the future of price movement and some speculations were saying negative thoughts and some has positive rumors. Although it has nothing to do with actual price fluctuations sometimes its a big help to people who research a lot of informations.

[kryptqnick]

There is a saying "pure speculation" for a reason, it is not derived from anything that is 100% predictable.

Of course there is no 100 predictability here. There is actually no 100% predictability anywhere. What I am asking is whether there is any % predictability? Or something below 50%? Something we can really be sure about.. For example, is there a very high probability of the price going down right after halving?

[e-coinomist]

There is a saying "pure speculation" for a reason, it is not derived from anything that is 100% predictable.

Not a science, of course, just watching chart patterns has some solid tradition ranging back into the early stock market stone ages.
Those patterns do repeat, resistance and support levels are for real

[target]

Speculation gives signal indicators to users whether they will buy not not. It all depends to the users still to listen to the speculators who provides idea to traders, its always good to feel what the mass are saying so if majority of those who replied they are just holding, its still a good idea to go along with them than risking your money.  Its always a good time to buy whenever btc dips and we can check speculators posts every time it occur.

[NeuroticFish]

Some info in speculation makes sense, some is just FUD, depending on what the poster wants to achieve.
Some even think they may influence others' trading decisions. 
However, at least it's fun to read

[Nahl]

there are truly different between pure speculation and guessing and most people at here only guessing for next movement of bitcoin price and for an example that when bitcoin reach to $1100 some people says it would reach to $1500 or $2000 soon because the rally hasn't stopping yet but for me they only guessing and different also for pure speculation because usually they will see bitcoin chart and volume support each exchange or other else to predict bitcoin price so for me price speculation does make sense as long as they have good analysis to do so

[xIIImaL]

there are truly different between pure speculation and guessing and most people at here only guessing for next movement of bitcoin price and for an example that when bitcoin reach to $1100 some people says it would reach to $1500 or $2000 soon because the rally hasn't stopping yet but for me they only guessing and different also for pure speculation because usually they will see bitcoin chart and volume support each exchange or other else to predict bitcoin price so for me price speculation does make sense as long as they have good analysis to do so

Speculation means a view about the money value. Here what indicates difference of pure speculation and guessing. To say about speculation, this is simply doing by the people here in the forum calculating upcoming pump and dump about bitcoin value.

[e-coinomist]

Some info in speculation makes sense, some is just FUD, depending on what the poster wants to achieve.
Some even think they may influence others' trading decisions. 
However, at least it's fun to read

"The herd instinct among economists makes sheep look like independent thinkers." (who said this?)
However as often as I've tried to bark them into this or that direction... The trend is your friend. You cannot trade against the trend and believe there will be just one successfull chart analyst still standing in the end. Will just flatten you.