I think arallmuus is saying that it's the volatility in the price that attracts traders.
Yes I did and thats the truth. None will be attracted to it if the value is stagnant and there isnt any movement
but I would think traders are just making a bet on the direction the price is going to go in the future.
Seriously no, you could say that most trader are gamblers as well but the fact it isnt. Trader do "make a bet" about the movement of the value but only if there is a "sign" of the movement which someone could see from several point.
The several crucial will be number of buy and sell order, volume for X hours and also activities from the other exchanger ( it isnt good just to relly on 1 exchangers chart ) also that basically a chartist would be able to pinpoint the rough direction of where the next movement will be which makes trader take action to "bet" on this movement and
not just a "blind bet" without knowing where it will go
well about bitcoin worth no one can say where it can go tomorrow or end month.... its impossible to know where it will stand ,at the moment the worth can easy raise ,there is a lot interest to bitcoin stays at the values of 250 dollars above it will happen when the fiat money on circle would become more the offer.... this is basic knowledge the buy and offer wall affects the price as the world interest