Does bitcoin price speculation make sense

[uki]

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.

[Qunenin]

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.

[MFahad]

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.

Very nice explanation. I will like to add my example on this. For example if you are holding a lots of bitcoins and you want the price will go further up, you will speculate and say the price will go very high in next few days. Based on this speculation people tend to buy more and price automatically increased and then the spectacular can sell at a higher rate.

[Kolder]

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.

Very nice explanation. I will like to add my example on this. For example if you are holding a lots of bitcoins and you want the price will go further up, you will speculate and say the price will go very high in next few days. Based on this speculation people tend to buy more and price automatically increased and then the spectacular can sell at a higher rate.

Not that easy mate. We are not nostradamus so that people will easily believe on  our speculation, in fact we can be accused for shilling on that method because we keep on insisting  for price pump without any proof and just for personal gain, For me price speculation is for knowing the pulse of what the majority of bitcoin users feels about the price outcome and have a buddy whenever the price of  bitcoin dump hard and lose a lot of money.

[Kotone]

I can say that people prediction helps too to know those who are newly commers what bitcoin price really is and showing them that bitcoin in not an stable price and its really hard to predict on when its going to increase and decrease it always random depends of the volume and demand of the bitcoin.

[e-coinomist]

I can say that people prediction helps too to know those who are newly commers what bitcoin price really is and showing them that bitcoin in not an stable price and its really hard to predict on when its going to increase and decrease it always random depends of the volume and demand of the bitcoin.

Looks like a random walk, but isn't. Since january 2015 we are trending upwards. Last year featured a halving on fresh supply. Last Christmas excesses might cool down a bit now, but dont exspect a trend reversal there are no events pointing at that.

[sunsilk]

I can say that it helps somehow for those people who have doubts with what is happening with bitcoins current economy.

But those speculators have their own cite and proof to be believe for and to support their predictions.

So it is really making sense when there are good predictors who are doing intelligent guest and forecasting with bitcoins current and future situation.

[Text]

I can say that it helps somehow for those people who have doubts with what is happening with bitcoins current economy.

But those speculators have their own cite and proof to be believe for and to support their predictions.

So it is really making sense when there are good predictors who are doing intelligent guest and forecasting with bitcoins current and future situation.

You are right! Sometimes I agree with them because after I read their articles, I also search if the predictions they tell is nearly to happen. I believe them if they have a good evidence or source of proof, and I think also if it will go right.

[Amph]

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

some of those fud are also speculation, if you think about ti they are done on purpose to drive the price down or high, it's all about directing other buyers to what you want

speculation of investors follow their prediction, and the result is an average of all of them that go in the direction of the highest probable one

[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

"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.

Somebody has bragged not long ago that the biggest bucks he has done doing the opposite of what the speculation threads told.
I can't say he was right or not, but I have a feeling that if you follow the trend you are already one step behind. You may gain, but not that much as the trend setter and you have to be quick and see the changes correctly.

[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.

Somebody has bragged not long ago that the biggest bucks he has done doing the opposite of what the speculation threads told.
I can't say he was right or not, but I have a feeling that if you follow the trend you are already one step behind. You may gain, but not that much as the trend setter and you have to be quick and see the changes correctly.

On the other hand there are no braggers touting their biggest losses archived by acting against the trend
Taletelling, isn't it?

[stardustin]

Big players were controlling and always control bitcoin's and every other currency's price, this world is in black colours. For some people it makea sense, for some people, not. It's sad but simple people aren't controlling and can't to control it but at least half part is on our side, it can't be changed.

[uki]

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.

Do you really think that the speculation posts in here are mostly 'made by brokers'?
I really doubt it. Of course some of them are, even shilling with alt newbie accounts, but there are also plenty of post made people who just bought coins because it is 'hot' and they do not know how to handle Bitcoin's volatility.

[marcuslong]

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 it is a yes bitcoin price speculation make sense for me how you can know or get some ideas on how the bitcoin price will increase or decrease atleast you know and your getting ready for that to happen there nothing wrong believing on prediction sometimes. if you know it will happen then trust your instinct too.

[manselr]

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?

People want to make money fast, that's the basis of speculation, and they want to make it without effort. Buying cheap and selling higher is what can achieve this goal.

The price is the reflection of market participants, there not necessarily any sense to be extracted from it, there are too many variables. George Soros has good books on this (even if you dont like the actual guy, he is a bright mind)

[Tanic]

Of course speculation threads have sense here. People are reading it and it can make affect on a person.
The total number of bitcoins is 21 millions. And when the price is high then more people have to have it. The most of speculation threads made to make people to sell their bitcoins, to someone else could buy it with the lowest price to  get rich one day.

[e-coinomist]

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.

Do you really think that the speculation posts in here are mostly 'made by brokers'?
I really doubt it. Of course some of them are, even shilling with alt newbie accounts, but there are also plenty of post made people who just bought coins because it is 'hot' and they do not know how to handle Bitcoin's volatility.

Should expand that Merriam-Webster Dictionary by

Definition of broker
: someone who makes ya broke! (as in trading against your margin positions, using your BTC deposit)

[jakelyson]

In this forum, some speculations are based on technical analysis and well researched data. Some are just baseless speculation, shouting to the moon. And others just want bitcoin to crash. They have their own agenda and they will post continuously to push their agenda and make profit from it. It is better if you do not listen to any of those speculation and do your own.

[Kprawn]

Everyone of us buying bitcoins have a reason why we do this. Some people use it to trade, others use it as a safe haven to protect their wealth and

most use it, because it makes sense to have a alternative to Fiat. So the incentive to "speculate" as OP has put it, is different with every individual.

The price of Bitcoin is based on supply & demand, not government manipulation.  {That is how it should be}

[sunsilk]

I can say that it helps somehow for those people who have doubts with what is happening with bitcoins current economy.

But those speculators have their own cite and proof to be believe for and to support their predictions.

So it is really making sense when there are good predictors who are doing intelligent guest and forecasting with bitcoins current and future situation.

You are right! Sometimes I agree with them because after I read their articles, I also search if the predictions they tell is nearly to happen. I believe them if they have a good evidence or source of proof, and I think also if it will go right.

That is why we as readers or maybe future speculators we need to be aware on those speculators are saying.

Because some of them are just telling lies that wants to give people a false information and wants to make the society to be in rage.

And when I'm seeing a speculator that has accurate speculators, I'm following his waves.