Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 13/01/2015, 14:32:48 UTC
If the stock markets were unregulated like this, it would destroy our civilization.

Good stocks pay dividends and have backing assets, which define their base price as long-term investments; so they leave relatively little room for speculation.  On the other hand, gold, silver, and bitcoin are purely speculative.  Their prices depend only on people's guesses about their future prices, so they are inherently volatile.