this is insane again

[adamstgBit]

Bitcoin will not be stable until it is at a MUCH higher valuation.

Bitcoin will be only be stable with 10 billion users or with zero users.

shit there's only 7 billion people, oh well i get bitcoin will never be stable. 
 

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[justusranvier]

shit there's only 7 billion people, oh well i get bitcoin will never be stable. 

Users include businesses and other organizations, not just individuals.

[justusranvier]

Bitcoin will be more stable (there will never be perfect stability) when its utility is fully understood. Its utility is a dynamic proprety that depends on a wide variety of factors, and a widespread understanding of this could occur at numerous different price levels. For example if banks decide to do some serious innovation, the mainstream public could disregard bitcoin entirely (not worth it for them), and it could be reduced to a very low price level supported only by Silk Road. There is no binary option of 0 or 10 billion. It's all market forces, cultural shifts, society-wide perspectives, etc.

It's really pretty simple.

When we get to the top of the adoption curve, or if Bitcoin fails entirely, the value will be stable.



Until then, it's going to be bumpy.

[MOB]

It seemed like this crazy bullride started with some hardcore manipulation with the 1 million+ holding on 70, then again around 90.

What the heck is driving this now?  Just panic buying? 

[Junko]

Bitcoin will be more stable (there will never be perfect stability) when its utility is fully understood. Its utility is a dynamic proprety that depends on a wide variety of factors, and a widespread understanding of this could occur at numerous different price levels. For example if banks decide to do some serious innovation, the mainstream public could disregard bitcoin entirely (not worth it for them), and it could be reduced to a very low price level supported only by Silk Road. There is no binary option of 0 or 10 billion. It's all market forces, cultural shifts, society-wide perspectives, etc.

It's really pretty simple.

When we get to the top of the adoption curve, or if Bitcoin fails entirely, the value will be stable.



Until then, it's going to be bumpy.
[/quote]

Wow, I never knew that many American households had airplanes. 100% ? 

[w00t]

It seemed like this crazy bullride started with some hardcore manipulation with the 1 million+ holding on 70, then again around 90.

What the heck is driving this now?  Just panic buying? 

I really can't understand it. In less than 72 hours we are from 55 USD per BTC on the 120 USD per BTC. Like 218%, really??

In 18 hours we gained 30 USD - from 90 USD to 120 USD so we are basically at 133%.

[Richy_T]

Wow, I never knew that many American households had airplanes. 100% ? 

It's misleading because it's per-capita. Some of us like to keep an extra for just the weekends and special occasions.

*ahem*

[BitcoinAshley]

Oh I see you like big numbers too.
It's fascinating to see the this cargo cult evolving.

So, not only are you an official Occupy Wall St. Bear, you also don't understand math at all? $5 bitcoins times 21 million = $105 million dollars. Enough to support any reasonable amount of economic activity via a global currency, and also provide stability? Lol. Thanks for reminding me yet again why your "Ignore" button is highlighted orange. 

[w00t]

It seemed like this crazy bullride started with some hardcore manipulation with the 1 million+ holding on 70, then again around 90.

What the heck is driving this now?  Just panic buying?  

I really can't understand it. In less than 72 hours we are from 55 USD per BTC on the 120 USD per BTC. Like 218%, really??

In 18 hours we gained 30 USD - from 90 USD to 120 USD so we are basically at 133%.

Welcome to Bitcoin. Enjoy your stay. The show never gets old.

I can't agree more. It just lost 9 USD (10 %) in about 3 minutes?

[NikolaTesla]

It seemed like this crazy bullride started with some hardcore manipulation with the 1 million+ holding on 70, then again around 90.

What the heck is driving this now?  Just panic buying?  

I really can't understand it. In less than 72 hours we are from 55 USD per BTC on the 120 USD per BTC. Like 218%, really??

In 18 hours we gained 30 USD - from 90 USD to 120 USD so we are basically at 133%.

Welcome to Bitcoin. Enjoy your stay. The show never gets old.

I can't agree more. It just lost 9 USD (10 %) in about 3 minutes?

And it gained it back