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Title: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: mpfrank on June 27, 2011, 12:13:54 AM A big HA-ha! to everyone who said that Bitcoin was dead, or too volatile. After running this gauntlet, Mt. Gox and Bitcoin will be stronger & more secure, more stable and resilient. I think the hackers did us a favor - we'll all be better for it in the long run.
Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: BTC Economist on June 27, 2011, 12:20:33 AM No volatility = no speculators -> no market -> bubble implodes
Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: hamdi on June 27, 2011, 12:22:27 AM yeah, also www.tradehill.com market prices pretty much match www.mtgox.com prices.
Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: RandyMarsh on June 27, 2011, 12:23:18 AM bought 800 ฿TC at $14.27800 ;D
Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: MoonShadow on June 27, 2011, 12:25:07 AM I think the hackers did us a favor - we'll all be better for it in the long run. Some people did pay a high price for the learning curve. Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: Serge on June 27, 2011, 12:25:47 AM No volatility = no speculators -> no market -> bubble implodes too bad market did not agree on your fundamental price estimate, maybe next time ;) Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: Joise on June 27, 2011, 12:46:17 AM No volatility = no speculators -> no market -> bubble implodes Speculation surely is one driver. Another is, according to quantity theory: Less volatility -> more confidence of merchants and consumers -> more real commerce -> more real value moved -> higher valuation of the unit. And this driver is the one which is important in the long run. Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: GeniuSxBoY on June 27, 2011, 12:49:36 AM Quote Mt Gox charges a small fee (0.00%) for each trade. love love LOVE it! Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: padrino on June 27, 2011, 02:00:29 AM Have you noticed the orders on the books right now, someone isn't going to let it fall..
Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: Jack of Diamonds on June 27, 2011, 02:02:03 AM bought 800 ฿TC at $14.27800 ;D You just had $10k dollars lying around on Gox before the hack? Title: Re: Looks like Mt. Gox's price has stabilized pretty nicely... Post by: Frank White on June 27, 2011, 02:30:46 AM good stuff marsh :}
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