Post
Topic
Board Bitcoin Discussion
Re: Looks like Mt. Gox's price has stabilized pretty nicely...
by
Joise
on 27/06/2011, 00:46:17 UTC
No volatility = no speculators -> no market -> bubble implodes

Speculation surely is one driver.

Another is, according to quantity theory:

Less volatility
-> more confidence of merchants and consumers
-> more real commerce
-> more real value moved
-> higher valuation of the unit.

And this driver is the one which is important in the long run.