Good luck to the speculators actually, they add liquidity and depth to the market.
Thumbs up! For all the hate that TA/traders receive on this forum, this is very much true. It's funny, but I've actually seen HODLers on this forum claim that traders
cause the volatility. Well, just imagine if there were no traders -- empty order books. Imagine the spikes then! More likely, the volatility comes from the fact that bitcoin is a revolutionary new asset class in an illiquid, unregulated market....
On this we agree. I view speculators generally as a zero sum game. Some win, some lose, the market wins biggest.