Post
Topic
Board Speculation
Re: no moon?
by
windjc
on 02/07/2014, 19:06:03 UTC
stabalizing , dropping volume
but.. moon ?

We actually want stability.   Massive swings don't really help anyone unless you have timed your trading perfectly.   Giant surges in prices are exciting, but they are almost always followed up huge corrections...sometimes to even lower than where we started.

I would be more than happy if we go up $20 or so in a week, stabilize off, and repeat.  


lol, maybe you want stability, but i consider bitcoin a failure when it can't even get past $650

we need orders of magnitude more to be able to be called anything of value in a world where trillions mean nothing anymore.

Correct, Bitcoin needs a market cap of at least 300-500 billion before it stabilizes, in order to do things like global trade remittance and other high level banking utilities.  

Lets talk about "stability" when/if it gets to $50,000.