Quote from: mizike29 on July 06, 2011, 11:53:41 AM

Yeah Im no economics major, but I know a dollar is worth a dollar since I have been born, based on what the gov says and the financial banking industry and power of the dollar. So when I looked at bitcoin go up and down and up and down down down, and now back up today a little bit. I just wondered, it looks like the price is basically what the last sale of a bitcoin is, and what people want to sell them for and buy them for and thats it. Nothing in between, just what I am willing to buy a coin at. Maybe in the future with more places accepting bitcoins that could give it that big punch of what a bitcoin is worth making it jump to 30 to 40 a coin, but if its just us minority bitcoin users and miners, seems it would vary up and down around this area for awhile, simpley based on price.

If you take bitcoin as the base, its the dollar that is highly unstable.