Post
Topic
Board Economics
Re: Price stickiness at $5 USD/BTC?
by
Boussac
on 14/05/2012, 22:15:36 UTC
Could be a heavily invested entity keeping the price stable to attract users?
That and, alot of small hobbyist inverters who are simply never going to sell, if anything they will just use the bitcoin economy, day trade with some a % of their coins, and buy more coins! Smiley)

ironically its probably the people that bought at +5$ range that have sold off their bitcoins. Because lets face...the bubble was a bubble and when it poped we lots a lost of people, big and small investors...

and the thing is... when it was poping... "really big investors" didn't wana touch bitcoin with a 10 foot pole

the stable price will hold indefinitely, and this will make bitcoin a more attractive investment opportunity, And taken more seriously as an alternative payment system.

+1

@Rothgar
Concerning Moore's law, could you factor in the GPU replacement cycle ?