Quote from: johnyj on August 25, 2015, 09:37:49 PM

Quote from: LMGTFY on August 17, 2015, 07:22:01 AM

Quote from: MinerHQ on August 17, 2015, 07:10:52 AM

Quote from: LMGTFY on August 13, 2015, 12:27:16 PM

Quote from: Insertion on August 13, 2015, 11:40:22 AM

I think your thinking in wrong direction, if more and more businesses accept bitcoins and create a natural demand for coins then we may need to mine more to meet the demand right? Also as of now lot of coins are with traders hand hence they will trade every day to make some profit with those coins, it makes it more unstable. When more businesses and normal people holds these coins then it will appreciate and it will more more stable price.

(My emphasis)

Are you sure? Because I'd be willing to bet that there a lot more Forex traders trading non-BTC USD currency pairs than are trading BTC/USD. If I had to guess I'd say USD/EUR, GBP/USD, GBP/EUR and USD/JPY dwarf most other currency pairs. I seriously doubt BTC/USD is even in the top 50 currency pairs at this stage (I'd be very happy to be proven wrong). In general people assume that the more actively traded a currency pair (or stock, commodity, etc), then the more stable it'll be.

I agree that mining follows price, however.

Because the other currency markets are very bigger than bitcoin market size hence by daily trading other currencies demand and supply will not change so faster compared to very tiny bitcoin market.

So... if the BTC/USD market grew - i.e. there were more traders - it would become more stable? (Rhetorical question - obviously I believe it would).

Even a currency as large as Ruble can lose majority of its value against USD in a couple of years. Currency exchange rate is a highly guarded secret since the forex interbank market are decentralized and not regulated, I guess there are large whales behind the scene and manipulate the prices. Soros is just one small freelancer, but already enough to cause large damage to small countries

Yes precisely what I'm trying to explain. Ruble need a couple of years to loose it majority of his value against dollar but have you checked the BTC price it can go upto 1000+ and can come back to 100 within a couple of months.