Case in point are newbies like compwindsor...talking about it like its a stock, talking about profit and investment. Delusionally telling you that its better if the price never stabilizes...
It is only beneficial to everyone that the price is not stabilizing as a common stock would.
The volatile nature of BTC and LTC at current means that people who were very late getting in on crypto (if they're smart, patient, and lucky) can still make a substantial profit with very low startup.
Getting in late? This thing is still an infant. Again talking about it like its a penny stock that might shoot to the moon only.
When BTC starts to stabilize and stays stable for a long time (i.e., 6 months at the same price + or - 1 USD), I would consider it a very bad thing and would believe that it would be caused by only a few people having the majority of the available (mined) bitcoins. Once a user, or a group of a few users have the majority of bitcoins available, they are free to manipulate BTC to a certain, dirty extent.....blah blah blah blah
At the moment, the fact that even small amounts within exchanges can cause the price of BTC and LTC to be unstable means that people can at least do their research and sell high and buy low, and make profits on crypto within VERY small periods of time (I made 17LTC off of yesterday's panic selling / buying on BTCE. Not a whole lot, but it serves the point i'm making now).
Glad this guy is adding to the community day trading btc and ltc. I mean, you know, who needs commerce when you can just "make profits on crypto within VERY small periods of time."
The price showing any sort of long-lived stability at this point would not be a good thing. The USD is quite stable, but it is both printed and manipulated by a third party.
Two completely different things dude. The USD has a lot more price stability because it is used mostly for commerce. The fact that it is controlled and printed by some one else is evidence of it being and inferior exchange mechanism and store of value. BTC is supposed to be better and therefore should be stable and used for savings and commerce. the USD should be the speculative asset.
But his thinking is common of the bitcoin crowd.
Not sure why you sound so angry. If you could read, you'd see that I was CONTRASTING crypto from common stock. Maybe English isn't your first language or you just like to make up your own conclusions.
"getting in late" refers to people who were not here mining BTC and / or BTC when it was easy enough to mine hundreds or thousands of BTC and / or BTC per day. You've never heard the expression nor what it's in reference to with regards to crypto? Again, try reading before making the wrong conclusion.
Also, making profits from trading crypto is wrong? Sounds like your jealous to me. Many people trade crypto for profiit.
In regards to your last point about USD, again, I was contrasting it with crypto, not comparing.
You really need to calm down and learn to read. No need to be so angry. I'm not sure if you're just nerdraging or some clown who thinks he has all the answers.