Bitcoin now should be above 1300$ but as soon Bitcoin cross 1200$ these cockroches sell then it comes down to 1150$ then it rise again to 1200$ and these cockroches sell again...
Bitcoin should cost more than gold price for at atleast a month to get massive media attention, gold price right now is 1250$, so Bitcoin must to cost at least 1270$ to get it to the next level with massive media attention and investments.
No this is not speculation, they are playing with market...
"Bitcoin should be like that, traders should be like that, lalala..." why are you so angry about it, without those people who trade bitcoin daily there would be no bitcoins because there would be no markets needed for that, so think before talking too much about it. Besides that it is their job, they are making money out of it and you cannot say that they are doing only harm, if I had a chance to be a trader I would definitely do it, because even though some people are pissed because of the price fluctuations all in all you are doing good job and making decent money.
Neither argument here is strictly true.
Argument 1: Bitcoin should be higher.No, because removing the traders would mean that Bitcoin was once again a movement of currency for the better, which is still is but with the additional aspect of being an asset.
Argument 2: Without traders there would be no Bitcoin.Not at all, because unlike some things which traders treat as a store of value or to be traded (like gold) Bitcoin is not solely intended for that purpose. Bitcoin was always founded on the clever principles of the blockchain and its simplicity. With trading, it's quite interesting how Bitcoin is a currency in itself, but the reason it is not always treated as one is actually because not enough people use it yet.
Another common argument from this thread:
It's their money, they can do what they want with itThis is the weakest of all possible arguments because no one actually argued that they couldn't do what they want. The thread was a suggestion that Bitcoin could be doing a lot better and how. If someone's only argument for something is that they can legally do it, it's probably not a decent thing to be standing up for.
I would argue that Bitcoin has a stable community of people who are interested in its purpose as a pseudonymous cryptocurrency and understand how the blockchain works. The day traders are not causing the community harm because they are already pumping up the price and many of these people are not likely to become genuinely interested in Bitcoin so all Bitcoin needs is more community members interested in the currency.
