This 'benevolent stabilizer' crap is very annoying.
Annoying indeed. Whoever they are, they just spent nearly $100k in the last 30 minutes stabilizing the price.
I honestly cannot see how a speculator could benefit from having the price stabilized.
Yes, stable prices are good for bitcoin evangelization.
Yes, stable prices are good for bitcoin merchants.
But no, stable prices are not good for speculators.
What's good for evangelicals and merchants is good for speculators who are long.