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Author Topic: the lack of volitility is worrying  (Read 1403 times)
BTCjust
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April 14, 2015, 04:33:47 AM
 #21

so we can trading more aggressively recently  Cheesy
techgeek
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April 14, 2015, 04:46:28 AM
 #22

I see more as bitcoin as a gold value, then a price dollar value amount.

I mean you know for a fact that its only 21 million produced fixed. So hence being more rare after people starts to hoard them forever, which also retains the value still. But, you also have to factor multi billionaires like those facebook twins wouldnt want to see it fail, they probably buy up the debt to retain its value which they also can do.

pattu1
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April 14, 2015, 07:06:09 AM
 #23

But by bitcoin standards its flat. The chances of a price of around $250 +/- $30 as being some natural equilibrium is highly unlikely - maybe 1 in a 1000?

+- 10% is a huge range. It was close to $300 as of 12-Mar-15 and has lost 20% of its value in a month. I wouldn't call it "flat", even by Bitcoin's standards.  Smiley
micky123
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April 14, 2015, 03:54:54 PM
 #24


ahh $234 to $225 in a matter of minutes - welcome back volitility my old friend - many were bad mouthing you and saying the marketplace was stable and you were banished.


You beat me to it! Lol!  Grin

Volatility can only be good for day traders, guys looking to make a fast buck but who are not really concerned about the long term benefits of Bitcoin. In the process day traders actually harm Bitcoin by driving volatility and scaring away people who may be interested to get in on the Bitcoin action. Day traders are a scourge on Bicoin as they are selfishly motivated towards making a quick buck!

And in a free market, you can't do a damn thing about them, nor should you wring your hands so vigorously.

Yup, unfortunately nothing can be done about this, its just my helplessness crying out, i suppose! Really sad to see where Bitcoin is today due to the greedy whales! Undecided

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