And that assumes an honest market which now that Wall Street is involved is anybodies guess.
Wait, what?!? How is Wall Street involved in Bitcoin?
Yep my mistake. There is no Winkelvoss coin etf. No syndicates. No Pantera. No Second Market. No BIT. No Tim Draper. And of course all those people with money and connections have no influence at exchanges. The regular stock market is full of fail to deliver and shorts without actual borrowed shares. But that could never happen to bitcoin. You're right.
Meh, this is peanuts to them. Bitcoin trading should be conducted by licensed brokers on regulated exchanges. The bitcoins on exchanges should be whitelisted by regions and only transferable in and out of exchanges by brokers. Of course they can be mixed outside of exchanges. I think that would end wild speculation and give markets a chance to cool down. If you want to gamble bitcoins, casinos would be more fun than getting goxxed.
Bitcoin trading should be conducted by anyone that wants to do so. There is a rumor it is a peer to peer technology. Exchange not required.