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Author Topic: I speculate the price of bitcoin will go up, then down, then up, then down.  (Read 1208 times)
Stampbit
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May 19, 2013, 06:56:53 AM
 #1

I speculate the price of bitcoin will never stabilize, and will never become a useful currency as a result. I speculate that others will speculate on my speculation, and will match and raise their speculation on my speculation by speculating that there is no such thing a speculating the course of a crashing train or the price of an infinitely divisible currency. I will raise any further speculation by one micro gold spec, divide said electrons of gold spec into a satoshi spec, which will be mass adopted by the global economy by 2014.
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Dumbastronaut
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May 19, 2013, 07:04:06 AM
 #2

I dig your style

Bitrated user: Astronode.
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May 19, 2013, 05:33:27 PM
 #3

I suspect that currencies should not be stable and that stabilizing currencies leads to price fluctuations in all other goods.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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May 19, 2013, 05:44:48 PM
 #4

Wow this is so complex it makes the Bitcoin conference material look like stuff from kindergarten. Lol

I speculate the price will go from left to right. Try to wrap your head around that one.

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May 19, 2013, 09:45:43 PM
 #5

you could ramp your calculations up a notch if you used a speculum.
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May 19, 2013, 09:49:28 PM
 #6

I think it will stabilize at 122 $ forever, and the value will never change again. Ever.

Zaih
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May 20, 2013, 02:41:06 AM
 #7

"That there is no such thing as speculating"

Please tell me that's a Gwenny reference Cheesy
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May 20, 2013, 03:19:15 AM
 #8

Quote
infinitely divisible


21x10^14 != infinity. Check your math bro  Grin Grin Grin
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May 20, 2013, 03:45:28 AM
 #9

no lines on a price chart, not a legit prediction
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May 20, 2013, 03:47:32 AM
 #10

Quote
infinitely divisible


21x10^14 != infinity. Check your math bro  Grin Grin Grin

Check your assumptions bro  Grin Grin Grin

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Stampbit
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May 21, 2013, 05:33:52 AM
 #11

I suspect that currencies should not be stable and that stabilizing currencies leads to price fluctuations in all other goods.

Totally, just the other day i was getting a pair of socks, it was $5, the next day it was $20. Oh wait, those were alpaca socks.
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May 21, 2013, 07:43:53 AM
 #12

No currency is stable.

http://finance.yahoo.com/q/bc?s=EURUSD=X&t=5y&l=on&z=l&q=l&c=

That is over 5 years but you get the point.

Lets check out the Yen:

http://finance.yahoo.com/q/bc?s=JPYUSD=X&t=5y&l=on&z=l&q=l&c=

Sure Bitcoin value isn't stable, but you have to understand that its in its infancy, people are hesitant of it and are quick to jump ship once they see the price falling.

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