Post
Topic
Board Economics
Re: What creates this price for a bitcoin?
by
JoelKatz
on 06/07/2011, 12:55:58 UTC
If you take bitcoin as the base, its the dollar that is highly unstable.
Right now, that's a pretty good joke. Bitcoin's instability is due to low volume, questions over whether it is ultimately viable (even if you believe a cryptocurrency is a sure thing, it may not be bitcoin), and constant supply with varying demand. But maybe in a year or so ...