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specifically analysing the price chart from the past to try to speculate on the future price
Oh yes. Speculating on the price movement is one of the best ways to make the price move. Then the half that guessed the right way make money, the half that guessed the wrong way lose money and the exchange takes a fee for facilitating it either way.
I'm sure it's more involved, but having worked at a place that built and ran CFD and spreadbetting platforms then the only people consistently making money were those running the platform. The rest were punters.
duncs
I don't mean bitcoin as a whole is a nice way to lose money (although it is obviously insanely risky). I mean specifically analysing the price chart from the past to try to speculate on the future price.
Unless you've got insider information or a few m/billion and some PhD maths nerds working on it for you, that is.