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Showing 6 of 6 results by Bitcoincrazy
I grew up in rural America. Every so often I would hear a story about a farmer crossing the line and speculating on the cattle futures..... Same type of guys as the Mt Gox speculators!
There is a difference, at least the farmer thinks he has some subjective knowledge about what he is speculating about. We are more gamblers than anything else, The price components of BTC have been commented about I.e difficulty rating, miners and hackers off loading the booty etc but what I see is that most of the trade is spectulating on speculating, in an essence gambling.
Totally unstable, woke up to find it back at 13 then went to 13.50 now at 12.95 and dipping, the market is pure speculation with people profiting buying at short lows and selling at short highs.
