[oscilloscope]

If the "battleground" is the exchange value of Bitcoin, then calling it a market is not an exaggeration.

[kolev]

Ideally, the market price is driven purely by demand and supply, not by bots and speculators.

[Karunamon]

.... "bots and speculators" are participants in supply and demand.

[xyzzy123]

I know right? Someone should tell the guys at the SEC that the stock exchange is broken.

[kolev]

@Karunamon Sorry for not being clear. My point is that increasing price it's not indicative that more people are getting interested in Bitcoin like many are trying to present it. It's purely speculation and we saw recent polls showing regular people not being interested in alternatives to the dollar.

[oafitupa]

Demand != number of people. For example, you can get twice the demand from the same number of people if they decide to invest more.

[kolev]

I know, but the increasing price is often presented like the average Joes are rushing to put their savings in Bitcoin, which is not the case.