Quote from: CurbsideProphet on July 07, 2011, 03:25:46 AM

Quote from: bitcoin_bug on July 07, 2011, 03:05:56 AM

Quote from: CurbsideProphet on July 07, 2011, 02:55:35 AM

Quote from: bitcoin_bug on July 07, 2011, 01:59:08 AM

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.

"more stability" implies relative stability, no? 40% movements have been recorded not so long ago.

For some real perspective, the dollar is 200 hundred years old, bitcoin is 2 years old.

If the dollar was moving 22% in a day against anything after 200 years it would be time to get the hell out.

No, relative stability doesn't work. By that logic I could declare I'm starting to dig the next grand canyon. I dug a 10ft hole in my backyard in 1 day. Grand canyon took thousands of years of erosion to create. Relatively speaking, I'm on good pace!

Hint: when you are in a hole stop digging ... you appear to be out of your depth here.