Speculative trading market
Bitcoin prices pumped by speculative trading. With all the speculating and rallying going on, Peter explains that this doesn’t imply that the cycle is going to end very soon. Looking at the prices of Bitcoin, which is completely based on speculative trading by people, there’s a chance that this late-market cycle continues for a considerable Speculative trading is however very risky, because there is no guarantee prices will move in their favor. When prices move against their position, this can result in substantial losses. They fulfill a number of roles which are of vital importance to the commodity market. Liquidity and efficiency¶