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Author Topic: 6 month weighted price is $10.56  (Read 920 times)
Astrohacker
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August 24, 2011, 08:01:33 PM
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Has anyone else noticed how stable the weighted average price is over the past 6 months?



Notice how the weighted price is about $10.50 going back up to 6 months. The price has been highly volatile, of course, but perhaps this price makes some kind of economic sense. If I had to guess, this is basically the price that can be supported by libertarian computer nerds with disposable income. Not every bitcoiner fits into that category, obviously, but as a sort of average, this could explain why the price has settled on this value. All the libertarian computer nerds with disposable income have already adopted bitcoin, and we'll need to invade a new demographic for the price to rise further.
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August 24, 2011, 09:39:49 PM
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Has anyone else noticed how stable the weighted average price is over the past 6 months?



Notice how the weighted price is about $10.50 going back up to 6 months. The price has been highly volatile, of course, but perhaps this price makes some kind of economic sense. If I had to guess, this is basically the price that can be supported by libertarian computer nerds with disposable income. Not every bitcoiner fits into that category, obviously, but as a sort of average, this could explain why the price has settled on this value. All the libertarian computer nerds with disposable income have already adopted bitcoin, and we'll need to invade a new demographic for the price to rise further.
Generalizations are just so stupid. One of the reasons why I am thinking of leaving this place lol.

Everyone is Republican/Democrat/Libertarian/Independent. If you can't choose atleast one thing you like from all the different "demographics" than something really is wrong with you (whoever you are).

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August 25, 2011, 01:08:07 AM
 #3

If I had to guess, this is basically the price that can be supported by libertarian computer nerds with disposable income. Not every bitcoiner fits into that category, obviously, but as a sort of average, this could explain why the price has settled on this value. All the libertarian computer nerds with disposable income have already adopted bitcoin, and we'll need to invade a new demographic for the price to rise further.

I'm just here for the money.  Turning natural gas into bitcoins through computer hardware while sitting back and doing nothing while the meager money rolls in.  As soon as the party stops I'm out of here.  No libertarian views here.  Just business :-)

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August 25, 2011, 01:20:04 AM
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If I had to guess, this is basically the price that can be supported by libertarian computer nerds with disposable income. Not every bitcoiner fits into that category, obviously, but as a sort of average, this could explain why the price has settled on this value. All the libertarian computer nerds with disposable income have already adopted bitcoin, and we'll need to invade a new demographic for the price to rise further.

I'm just here for the money.  Turning natural gas into bitcoins through computer hardware while sitting back and doing nothing while the meager money rolls in.  As soon as the party stops I'm out of here.  No libertarian views here.  Just business :-)


It's funny that you think the profit in Bitcoin is found in the short-term mining  Grin
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August 25, 2011, 05:08:01 AM
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No libertarian views here.  Just business :-)

I believe "Just business." is the libertarian position. Smiley

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August 25, 2011, 08:14:13 AM
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I believe "Just business." is the libertarian position. Smiley

Not really.

The libertarian position is defense and respect for individual rights. This includes the right to freely engage in business, but there are a lot of people that got into libertarianism for other reasons, for example civil libertarian issues.

Not all libertarians are great businessman not they have to be. We just know that allowing a free market to happen will benefit us by having better quality products and lower prices as opposed to socialdemocracy that always helps the oligarchies.

EDIT: Btw op great chart. Shows that Bitcoin is more stable than most people think.
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