Quote from: johnyj on December 23, 2013, 12:26:30 AM

Quote from: deisik on December 22, 2013, 09:57:57 AM

Quote from: johnyj on December 22, 2013, 12:44:18 AM

Volatility is not a problem for ~~investors~~ speculators, they can always adjust the exposure to reduce the volatility, but it will be a problem for daily spending

Some small change was absolutely asking for...

Investors have faith, speculators don't

That faith coming from the understanding of most of the bitcoin related technical aspects, and more importantly, understanding of the fatal flaw in today's fiat money system, that will take many years of independent research

For example, bitcoin keeps dropping towards $100 for 12 months, then all the speculators will run away, but investors will buy big

Speculators can earn on falling asset as much as on growing, unlike investors that have only faith remaining (if ever) in such a case. Don't have illusions on this account. All speculators need is volatility...