Post
Topic
Board Economics
Re: Proposal: Idea for a much more stable bitcoin
by
CurbsideProphet
on 07/07/2011, 02:55:35 UTC

Bitcoin is getting more and more stable all the time ... just another non-problem.

Wider adoption will introduce more stability will introduce wider adoption will ....

(see chodpaba time series analysis, the waves are getting broader and longer with each cycle => percentage-wise the volatility will decrease)

As I type, MtGox, Low: 13.51  High: 16.5

That's a change of 22.1% IN ONE DAY.  This is stability?  For perspective, the Dollar moved against the Euro by 0.8% today.  The dollar has fallen against the Euro by about the same 22% margin.... it just took EIGHT YEARS rather than a day.