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[Ekiakuwudike]

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[1715382010]

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1715382010

[olushakes]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

I feel this thread should be moved into trading or speculation sub category of the forum. However, the same way it is working in fired regarding speculations, the same way it happens for bitcoin because its the direction the majority are speculating that the price will drive towards and it might not be uniform at the same time in the sense that the exchange sites in China might be the ones that will take the lead before others  will follow but in all speculations influence price around here.

[iqlimasyadiqa]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

Forex trading and bitcoin trading is not much different. But when viewed from the price movement then bitcoin trading is much more quickly affected. Some of the effects that once changed the bitcoin price of hacking against a wallet / exchange. This is one of the things that can affect the price of bitcoin very drastically. While the number of users and bitcoin transactions also can change the price of bitcoin, but this is not too significant impact in my opinion.

[Iranus]

In Bitcoin's case, the price is seldom affected by real usage at all, and even less so with other cryptocurrencies.  It's more a mixture of potential usage and the money that people are willing to store in it as an asset/speculative investment.

Bitcoin is very good for long term storage because it's easier to move than gold and can be taken across borders, it's infinitely divisible, can be held very safely if you know what you're doing and it has a very limited supply (artificial scarcity).  Therefore people are starting to store money in Bitcoin because they expect more people to do the same in the future, which they most likely will.  Actual spending of Bitcoin is currently inconvenient for everyday transactions but if you hold a large amount like you would for an asset then it's much better, which adds to this theory as well.

There's also the many other applications of the blockchain which are somewhat related to Bitcoin and they can make Bitcoin be viewed like a tech stock more than a currency.

If the network is scaled, it'll be a mixed digital currency and asset so the price will go up.  If not, it'll just be a great asset and the price will go up.  Even if a scaling solution isn't implemented, a form of Lightning Network might be implemented to make it a better digital currency.

[stomachgrowls]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

Forex trading and bitcoin trading is not much different. But when viewed from the price movement then bitcoin trading is much more quickly affected. Some of the effects that once changed the bitcoin price of hacking against a wallet / exchange. This is one of the things that can affect the price of bitcoin very drastically. While the number of users and bitcoin transactions also can change the price of bitcoin, but this is not too significant impact in my opinion.

They do really have the same perspective since both are doing trading but news that affect prices are present on both too but do also differ.When we compared the things do affect their prices then forex is really much difficult because it doesnt focus on a single thing but there are lots of components do affect the price of each currency pair.Not like on bitcoin,it do increase its price when theres adoption/demand and drops if theres news related to hacking incident.

[freedomno1]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

Primarily speculation but bots also move the market at present their is a significant alt-coin rally that seems suspicious but there is also an increased interest that leads to price movement. The fine line between speculation and investing is that it is speculation until it makes money. Then people call profit an investment. So to answer your question speculation is most certainly a factor unlike forex bots are not as strong but they also impact the prices. Also FUD sometimes does wonders.

[raven7886]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

Speculations are nothing but trader's/investor's view on price movements based on different news and events will be influencing entire bitcoin ecosystem. Hence you can expect speculation will get into reality in near future itself. But there are people who are just dreaming in the name of speculation, you can identify them like they are just coming up with no backing reasons for their view.

Speculation will give you some overview idea, but which are not enough for decision making for trading. You must have your own technical analysis along with following online news magazines so that you will be finding out what are factors affects price movements.

[peter0425]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

I think there's not much difference in forex or crypto's trading in terms of market speculation. Traders read market graphs and speculate what the next trend should be. Although I saw that there are a lot of FUD here and there in bitcoin trading. Those spreading are either want the price to go down so that they can buy more, or simply creating false information to malign the market price to create panic. 

[Clement Kaliyar]

I feel this thread should be moved into trading or speculation sub category of the forum. However, the same way it is working in fired regarding speculations, the same way it happens for bitcoin because its the direction the majority are speculating that the price will drive towards and it might not be uniform at the same time in the sense that the exchange sites in China might be the ones that will take the lead before others  will follow but in all speculations influence price around here.

In the past it was true that the Chinese had some influence over the price of bitcoin as any bad news coming out of China could drive the price either way but as time moves on and with new regulations in effects their dominance in bitcoin volume has reduced and now Japan is having higher volume and investment and with more investors than before it is not that easy to move the price with FUD alone.

[Qunenin]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

Well bitcoin trading and also the altcoin trading is affected quite a bit from speculation. People try to manipulate by creating Fud in the trollbox and the ANN threads and sometimes it works from them. Panic is created and market is effected temporary by these acts.

[harizen]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

Yes it affects but it depends on what kind of speculation it would be and impact it will bring.

In cryptocurrency trading, there is a speculation called troll. This kind of speculation is somehow just stating some things without having a support or claims. Sometimes you can see lot of them at the Speculation section. For an experienced trader or I think even a trading newbie, they can easily spot if the speculation is a troll or not. On the other hand, there is speculations that is properly backed up with references and any related thing to that. In that case, we have to consider their claims and conduct a self analysis on "how come it will happen?" or "is it really possible?" and other types of questions.

[Supercrypt]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

Well bitcoin trading and also the altcoin trading is affected quite a bit from speculation. People try to manipulate by creating Fud in the trollbox and the ANN threads and sometimes it works from them. Panic is created and market is effected temporary by these acts.

It is not at all recommenced to listen to other people especially while trading. I just disable/minimize the chatbox options as they will be distracting my concentration which will be impacting on my decision making capabilities. Speculations should be from reliable sources and listening to random people might lead to huge losses.

I have subscribed to some market analysis services and they are providing commentary about market situations along with speculations and more importantly they are accurate most of the time. Yes, it is more important where we are listening and how reliable their input are.

[Diced90]

I have been into forex trading for a long time and know from experience that market speculation is a norm but I would like to have you view on bitcoin trading and what affects the price movement?

First of all i know there isn't much of a difference between Forex trading and bitcoin trading with the exception of currencies offered to trade with.
Most market movers that affect Forex equally do so with bitcoin, with speculation being the probable driver of all fud when it comes to bitcoin and its amazing to see the extent it temporary affects price movement.

[dothebeats]

Speculating future market movements doesn't directly affect market trading per se but it just gives us an insight to what could possibly happen due to the historic trends that we see on the charts. In my opinion, TA and speculation isn't always correct but helps traders into placing their next move and position in the market in order to profit or somehow lessen their losses if ever their predictions are off.

[goinmerry]

Speculating future market movements doesn't directly affect market trading per se but it just gives us an insight to what could possibly happen due to the historic trends that we see on the charts. In my opinion, TA and speculation isn't always correct but helps traders into placing their next move and position in the market in order to profit or somehow lessen their losses if ever their predictions are off.

Yes there are speculations that can considered as good factosr when we want to make some analysis on our future trading moves. There are good speculations made by the others that have strong figure and close to reality that's why people are following those advices.

But it doesn't mean they are really correct and their claims are accurate. They're just giving out some insights about the answer in "what if" questions by the others. Final decision will still made by us and those good speculations will just be our recipe to make a good menu.

[ImHash]

Not the traders and not the whales but new investors with fresh money entering and trying to buy in order to use as a transfer of value.
Right now is the perfect opportunity to take advantage of this stalemate because not any time soon we're going to see any changes to the code so people are more confident that a malicious party won't manipulate their coins by hard forking etc.

[Pearls Before Swine]

In Bitcoin's case, the price is seldom affected by real usage at all, and even less so with other cryptocurrencies.  It's more a mixture of potential usage and the money that people are willing to store in it as an asset/speculative investment.

Bingo, you nailed it.  OP, by 'speculation', do you mean rumors and media coverage stuff?  If that's the case, then hell yes, those sorts of things do affect the price.  Especially with the altcoins.  People create pump threads here, and you can just watch the price rise or fall in response.  Not so much with bitcoin, but it does happen in that market as well.  I have a feeling this huge jump in bitcoin and altcoins has something to do with mainstream media coverage.  Money is flowing into the market, and we're seeing the result of that.  That's the real "speculation".  And we're due for a correction, and I suspect a huge one at that.

[dothebeats]

In Bitcoin's case, the price is seldom affected by real usage at all, and even less so with other cryptocurrencies.  It's more a mixture of potential usage and the money that people are willing to store in it as an asset/speculative investment.

Bingo, you nailed it.  OP, by 'speculation', do you mean rumors and media coverage stuff?  If that's the case, then hell yes, those sorts of things do affect the price.  Especially with the altcoins.  People create pump threads here, and you can just watch the price rise or fall in response.  Not so much with bitcoin, but it does happen in that market as well.  I have a feeling this huge jump in bitcoin and altcoins has something to do with mainstream media coverage.  Money is flowing into the market, and we're seeing the result of that.  That's the real "speculation".  And we're due for a correction, and I suspect a huge one at that.

In all honesty, after 3 years of being with bitcoin and studying the market, I don't really think that 'usage' really affects the price at all, but new money flowing in bitcoin? Yes, it does affect the price. In fact, how many giant websites do you think are pro-bitcoin and encourages their customer to use he currency? Only a few and most are gambling sites. Usage-wise, bitcoin loses to fiat; people use it more as an investment rather than a currency. Also, these large movements are orchestrated by the 1% who holds most of the coins. Also, remember Willy? He played the first ATH so well, and after that ATH, the market was left into stagnation and it grew naturally until another 'intervention' happened.

[Idrisu]

In trading there is no difference between forex and bitcoin but the price movement due to stability and fluctuations create what we see as different. Speculation, is the center of bitcoin and altcoins trade and people make trading decision based on what they perceived about happening event in the markets. Currently, most of the assets are increasing in price because speculation on crypto currencies seen to be positive.

[erikalui]

When bitcoin exchange sites get hacked, the price is affected tremendously and then the fall is even faster which is a negative side of bitcoins. Speculations and controversies have a little effect on the price and their effect makes the price more stable due to the market having good number of buyers and sellers. The price then increases gradually but with forex trading, the market is huge and compared to that, bitcoin market is not even 30% of the real stock and forex market. The price of currency pairs do not fluctuate to this extent as compared to bitcoins. With forex, you can only do long-term trading while with bitcoins, it's mostly short term.