Quote from: barbstap on March 07, 2013, 09:33:37 AM

Thanks for everyone's time but my main aim was to understand current unstable situation of btc
I know i can read and spend time to understand it but i needed some fast replies so i can save
myself from a big loss. I have never seen gap of $16 per btc in just one day. I am not able to get
these rapid changes. at once i thought btc is going down but then it stablize a bit between $39 to
$43 per btc. I am trying to get knowledge from others experience that's why i have opened this
thread. Waiting for more good suggestions.
Thanks

Short version: Bitcoin is backed by faith and when Faith wavers -> the price wavers.

Now faith is backing all other currencies as well, BUT the difference is, other currencies have people with guns enforcing that faith.

Solution: Bitcoin needs more guns.