2013-05-30 Edelman Editions: The growth of bitcoin is not surprising

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Overview article with mixed opinion.  Never heard of this website.

Edelman Editions is the UK’s digital publishing platform for the latest intelligence and Edelman thinking on the issues of the day. It brings together Edelman’s finest minds with a range of expert commentators.

For all my doom and gloom over the long-term success of bitcoin, I do believe that it has the potential to make some astounding short-term profits. This alternative monetary system taps right into the heart of distrust in the financial sector and despite the hurdles involved bitcoin will surely grow for the foreseeable future.

Unlike John I am not brave enough to have a £2k punt on something as volatile as this – imagine having to explain that I lost £2,000 on an intangible gamble, I would qualify for a career change – but I have got my £300 down. And most importantly, I am up.

http://edelmaneditions.com/2013/05/the-growth-of-bitcoin-is-not-surprising-it-is-an-obvious-reaction/

[Birdy]

Of course if the currency were to stabilise, bitcoin investors (who make a substantial proportion of those holding bitcoins) would lose interest and precipitate a crash in value. Those using it as a currency would have little choice but to return to more predictable currencies to place their trust in.

Investors could just invest their Bitcoins in e.g. shares and have it volatile again.

[TraderTimm]

Of course if the currency were to stabilise, bitcoin investors (who make a substantial proportion of those holding bitcoins) would lose interest and precipitate a crash in value. Those using it as a currency would have little choice but to return to more predictable currencies to place their trust in.

Investors could just invest their Bitcoins in e.g. shares and have it volatile again.

So if its stable, the overwhelming boredom will cause it to crash? Are they insane? Return to 'predictable' currencies like every floating sovereign ducket on forex?

What a complete idiot this guy is.