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Author Topic: Does bitcoin price speculation make sense  (Read 2060 times)
Pamoldar
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January 27, 2017, 11:22:10 AM
 #41

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?
Speculation does make sense, provided it is well funded. If there are some solid arguments behind to support the claim, it is interesting. Unfortunately, that is not the case for like 95% of the posts in the speculation section that are mainly driven by emotions.
Just my two cents.

Bitcoin price speculation is mostly done by brokers and traders and they want everyone to think with their mind set so that all people go in a certain direction and the big players get benefit.  Bitcoin price speculation is important for everyone to have some insight on the future on it.
Bitcoin price speculation is not only important to the brokers and traders, even first time bitcoin buyers would like to get an insight when to get cheaper btc for themselves.


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January 27, 2017, 06:48:16 PM
 #42

I don't know if some magical hands are playing with the price, but we can't be sure where to based on bcs btc isn't control by anyone specific. That's why isn't easy for someone to make forecasts about it. :/
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January 27, 2017, 09:38:01 PM
 #43

You partly wrong : there is paterns that are repeating, and this is normal, they are just the consequence of one's normal reactions to high price fluctuations. Also, predicting the price is not useless as since Bitcoin is not a game, his price is tied to real-world events, so often when something happens, the discussions heads toward identifying if this will impact the price or if it the latest increase was because of this.


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January 28, 2017, 03:22:36 AM
 #44

maybe it makes sense. many people who do bitcoin price speculation for several reasons, and there are also some people who do it for no reason. but I guess that is a good thing, because then we could be getting ready for the upcoming price. I guess that makes sense


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January 28, 2017, 04:42:19 AM
 #45

Investing in bitcoins is totally based on speculation.Speculation in bitcoins is done by seeing its performance in the past and based on the global changes occuring in the bitcoin industry.Conditions in china are mainly considered during speculation. Lots of new companies are showing interest in bitcoin and even banks and government organisations show their interest in applying block chain system. It shows how secure bitcoin is.Speculations in bitcoins have almost provided benefits to its holders.
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January 28, 2017, 04:56:44 AM
 #46

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?
They are based on pure speculation along with hope which are based on previous fluctuations and any kind of events which might effect bitcoins. They do sometimes follow  the pattern as usual. But prices can never be predicted.


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January 28, 2017, 05:14:18 AM
 #47

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?
They are based on pure speculation along with hope which are based on previous fluctuations and any kind of events which might effect bitcoins. They do sometimes follow  the pattern as usual. But prices can never be predicted.

I guess the exact price can never be predicted but the price trend can be.  Knowing the factors that affect the fluctuation of trading market will definitely give you an idea where the market would go.  One example, the pattern of fast incline in Bitcoin price will result in price downtrend in the next phase.  Then a release of a good news will definitely fuel speculators and buy BTC which result in Bitcoin price increase and opposite happen with Bad Press.

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January 28, 2017, 05:32:00 AM
 #48

maybe it makes sense. many people who do bitcoin price speculation for several reasons, and there are also some people who do it for no reason. but I guess that is a good thing, because then we could be getting ready for the upcoming price. I guess that makes sense

First of all every one should understand that bitcoin is trading asset, it completely depend on the market when there is huge demand automatically the price will increase, when there is less demand the price of bitcoin will reduce. No need of creating any speculation on this.


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acroman08
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January 28, 2017, 08:47:11 AM
 #49

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?

Most of the speculation about the price of bitcoin is based on the previous fluctuations
and other things that affect bitcoins price and hoping for it to increase. but we all know that
even if we follow a certain pattern the pattern(if there is) of the previous fluctuation we will
still not be able to correctly guess how much of the price of bitcoin will increase or decrease.

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January 28, 2017, 09:20:57 AM
 #50

Speculation is not very healthy for bitcoin,
but it should be there, it creates nervous people, it creates bad decisions. Finance feels alive with speculation.

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January 28, 2017, 10:27:28 AM
 #51

Speculation is not very healthy for bitcoin,
but it should be there, it creates nervous people, it creates bad decisions. Finance feels alive with speculation.

Without speculation, basically every market on the planet would become so boring, that investors will simply refrain from investing money there, refrain from investing money into infrastructure around whatever market, etc. Volatility attracts money, and indeed creates nervous people making bad decisions that lead to others making profit. Money always moves to stronger hands. Look at Bitcoin, without speculation, do you really think the price would have gone up this high? No chance. It's not for nothing that Bitcoin is being seen as a speculative investment tool for the most part. Infrastructure as in huge mining farms, exchanges, services, etc. It all drives on the price that may or may not boom at some point.

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January 28, 2017, 03:21:11 PM
 #52

Speculation is not very healthy for bitcoin,
but it should be there, it creates nervous people, it creates bad decisions. Finance feels alive with speculation.

what you said is not called speculation, it is FUD and lies. that is what creates panic and makes people nervous and it is sadly part of any market, more in bitcoin.
speculation however is a different thing and as above comment says  is a part if every market.
there is lots of study behind real speculation, but this board ruins it with replacing speculation with "guesses"

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January 28, 2017, 09:18:48 PM
 #53

I don't know if some magical hands are playing with the price, but we can't be sure where to based on bcs btc isn't control by anyone specific. That's why isn't easy for someone to make forecasts about it. :/
The price for bitcoin depends only from us, bitcoin users. There is "magic hands" which can affect on the price actually. If you will see on the news that bitcoin is dead you will hurry up to sold your bitcoins to get at least some profit and this will make bitcoin's price to fall. And there is chance that this information will be lie. So in the end you have got manipulated with speculates and the price for bitcoin fell.
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January 28, 2017, 10:54:23 PM
 #54

I think it is good to hear other opinions about which way the price might go.  As a trader, if I think the price might rise, I want to know if other people disagree because it could save me some money if they have a strong argument.

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February 04, 2017, 01:12:52 PM
 #55

Well, if we talk about speculation, its mean we are respect to other members opinion, and it is better to know everyone's thinking. Because no one know about the future, but we only guess it and sometime our guess will be right. So in this way, we could earn money. Also speculation is a part of our bitcoin earning.
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February 04, 2017, 01:22:26 PM
 #56

Sometimes I try to understand the logic behind the price changes. Many of the variations are quite difficult to predict, and sometimes it is difficult to find the causes for such events, in fact sometimes things do not seem to make sense. The price depends quite a lot on adoption, but I also think part of the price changes occur due to interference from large Bitcoin holders, I think most of them are Chinese speculators.

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February 04, 2017, 01:49:52 PM
 #57

Sometimes I try to understand the logic behind the price changes. Many of the variations are quite difficult to predict, and sometimes it is difficult to find the causes for such events, in fact sometimes things do not seem to make sense. The price depends quite a lot on adoption, but I also think part of the price changes occur due to interference from large Bitcoin holders, I think most of them are Chinese speculators.

Bitcoin price is depending upon supply and demand. I think are moving forward in the price value of bitcoins. It crossed 1000$ again and we may make huge profit if hold it and sell it out In upcoming years. To say about speculations its simply waste of time because none of the being stable for a long time.
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February 04, 2017, 02:22:17 PM
 #58

I think we can all speculate on the price but not many of us really have an idea which way the market will move at certain times. For example who knows when a whale is going to dump thousands of coins to move the price other than the whale himself?

All I can speculate is that bitcoin will be worth more in 1 year than it is today. 

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February 04, 2017, 02:59:29 PM
 #59

Well, if we talk about speculation, its mean we are respect to other members opinion, and it is better to know everyone's thinking. Because no one know about the future, but we only guess it and sometime our guess will be right. So in this way, we could earn money. Also speculation is a part of our bitcoin earning.
correctly . everything is an estimate. we can not ensure the price of bitcoin easily. try to take down the bitcoin price movements and make speculations to ourselves.

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