Post
Topic
Board Speculation
Re: I am predicting a spike above $3
by
cypherdoc
on 22/10/2011, 14:38:43 UTC
What you mean to say is that YOU don't like volatility.

No; what I mean is anyone wanting to use bitcoin as a currency and trade tool, rather than a lottery doesnt like this volatility.  Its one of the major factors holding bitcoin from gaining more widespread acceptance (and thereby also, from increased price stability, nice catch 22).

Anyway, im not naive enough to expect posting will make anyone stop playing the lottery, but Im gonna voice my opinion whether you like it or not.

this is just your opinion of things which could easily be wrong.  i submit that any merchant who believes in Bitcoin, especially if he has speculative juices in him, accept Bitcoin in payment hand over fist to accumulate as many as possible now w/o expending USD's before the true equilibrium value of Bitcoin is achieved, which IMO is WAY higher than what it is today.  thats my opinion.