Quote from: chodpaba on November 14, 2011, 06:50:12 AM

Quote from: Jonathan Ryan Owens on November 14, 2011, 06:10:05 AM

Quote from: Houseonfire on November 14, 2011, 06:05:38 AM

Quote from: Jonathan Ryan Owens on November 14, 2011, 06:00:07 AM

Quote from: Houseonfire on November 14, 2011, 05:57:57 AM

Is it possible for us to work together to get the price back up to about 15-30?
Legally that is.

I think you're well meaning, but why would we want the price to be 15-30? There's no fundamentals to support that price. I (and others) would like to see $1 - $1.50 and slow growth from there, which includes real commerce and not just speculation.

-Jonathan

I just liked it higher from a financial standpoint on my end. But why is that though? Why have it lower?

What's the difference between 10 bitcoins for $2.50 and 1 bitcoin for $25 when it comes to trading / speculating? You like it higher from a financial standpoint because you purchased bitcoin at $15, or because you're emotionally driven by a higher, more volatile price?

So instead of 1000 bitcoins at $15, now you hold/trade/speculate with 6000 bitcoins at $2.5 ...

-Jon

In fact, the period of highest volatility was when price was between $.067 and $.30

A higher price would mean generally lower volatility. Market depth will have to be many multiples what it is today to achieve a modicum of stability, this is not going to happen as long as Bitcoin is below $50.

We're all entitled to our own opinions. While you may be correct, a value of $50 will require 50 - 100x the current use by merchants. I guess we're a ways away from stability, then.

-Jonathan