Quote from: Kakmakr on July 21, 2019, 11:30:30 AM

I just realized speculators add some value to all of us, when they cause spikes in the price. I am a hoarder through and through, but I like to support Bitcoin merchants by buying and paying with bitcoin for some food and drinks on a daily basis. This is the only way to make sure that there would be a continuous demand for coins, if we "feed" the merchants that supports us.

So my strategy has always been to use +/- 20% of all the coins I buy... and most of these coins are spend daily on food and drinks. I buy the odd hamburger and chips or Taco and drinks at a local street food merchant that accepts Bitcoin.

This gets me to the point of my topic and that is that speculators can have a positive influence on my spending habits and the amount of coins that I spend. If they push up the price, I get to spend less coins. A Taco and Cooldrink cost about say 0.0004 BTC today and when they drive up the price, I can spend less coins the next day, when that same food costs say 0.0003 BTC Roll Eyes

Some people stop spending coins, when the price is too low and that is bad for the whole Bitcoin ecosystem.

Some people hate these speculators, but I love it when they push up the price and I can spend less coins. Grin

Well you seems to be concerned about the positive part of the speculators alone, offcourse well all want prices to go up so we make some few bucks. But what if these same speculators causes price to go down? what will become of you then? Huh

?

enogheghase123

Posts

Merits