Post
Topic
Board Speculation
Re: I am predicting a spike above $3
by
Bigpiggy01
on 22/10/2011, 13:16:57 UTC
Quote
If enough people believe your predictions, it becomes a self full fulling prophecy no matter what you predict. Just about the *only* thing determining BTC price currently is short term speculation, so what you are really predicting is the behavior of short term speculators. It makes no sense, and frankly, its undermining bitcoin's usefulness as a trade tool I wish Satoshi had implemented a "tobin tax".

Ummm some of us have actually made quite a few good decisions based on this analysis Grin