Post
Topic
Board Speculation
Re: is the goal of the manipulators to make the price boring?
by
mr chong
on 15/03/2013, 18:14:00 UTC
Pump and dump is the main tool of the manipulator in this shallow market. They must be taking time out

Look on the bright side: stable price is good for real business. No merchant is going to adopt bitcoin if the price is flying about.

Better in the long run for it to stabilize around the mid 40s for a couple of weeks.  We've seen quite a bit of action in the last month, with adoptions, press, glitch, etc.  So a nice calm would be nice and build the confidence we need for Bitcoin to move forward.

^ +1 ^ for both of the above posts.

The fork that happened the other day was probably a good thing as it not only reminded developers that there are still a few issues that need to be taken care in future updates as Bitcoin evolves but also slowed down the run away price increase which was well on its way to spiking to high to fast which would have probably ended up crashing down pretty hard. Now that it has stabilized in the mid 40's it has a better chance of building a could base before it moves up higher.