Post
Topic
Board Beginners & Help
Re: will the bitcoin reach $1000 one day...?
by
DannyHamilton
on 18/12/2013, 21:40:47 UTC
Quote
Bitcoin will never become stable because its not tied to any material, accountable value beyond supply-demand and it doesn't have a central bank to support it and make swings less volatile... A god example would be a garden without a gardener, no matter how good it is underneath, someone has do to the necessary house keeping to keep it in shape.

Sort of like gold.

Gold is not tied to any material, accountable value beyond supply-demand, and it doesn't have a central bank to support it and make swings less volatile.  As such, the gold price will never stabilize either.  It has the same huge swings whereby the value increases six-fold in a single month, and is then cut in half the following month all the time, right?