Quote from: ranochigo on August 19, 2024, 10:23:49 AM

Seems like that quote actually says Bitcoin's state as an experiment, beta or whatever hasn't changed. That contradicts your statement.

The price movement isn't a result of liquidity, or the lack thereof. The problem is that Bitcoin is quite speculative in nature and that any news, good or bad will induce traders to either purchase or sell Bitcoins. This is seen quite evidently by the policies enacted by the banks recently, or spikes and dips when regulations are being announced. Traders speculate and either purchase or sell their Bitcoins as and when they deem fit. This trend can't be broken so long as traders are treating it as a speculative asset. I don't see it as a problem that should be solved, thats a feature of the free market.

Same here. It confuses me so I read it a couple of times but something tells me that the last thing that he said is the one that is true. They must have removed it because Bitcoin is already four or five year old that time and it already starting to gain a popularity and that won't be possible if it is still in experimental mode. Liquidity is like a demand, so it actually can affect the price price of Bitcoin, making it to move upwards or downwards.

Yes, Bitcoin is speculative but I don't think it is a problem. It is normal and this is actually the reason on why it can be profitable. Trading is a quick-moving activity and it is mainly based on technical, so like you said, whatever the news are, traders can always buy and sell.

News are a part of fundamental analysis and I think the ones who mainly rely on that are the investors. I won't say that trading or speculating is just a trend but it's already a norm on this era we have now. Guess that is because the technology or the internet is only just our fingertips away.

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I don't see it as a problem that should be solved, thats a feature of the free market.

Hmm.. but I thought it was a problem like you said earlier? Remember? Ah, it looks like you are also confused here just like the user you quote above, hehe.