Huge China Manipulation

[bitcoinsrus]

Heck its fun too, bought .75 btc ~ 400 and bought some stuff at TD when the price was 425, bitcoin isn't an investment, it's a real awesome coupon!

Today's special BTC10,000 for 2 pizzas 

[1714000590]

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[1714000590]

1714000590

[1714000590]

1714000590

[dmpotter]

Heck its fun too, bought .75 btc ~ 400 and bought some stuff at TD when the price was 425, bitcoin isn't an investment, it's a real awesome coupon!

Today's special BTC10,000 for 2 pizzas 

I see what you did there 

[envy2010]

Pizza?

https://bitcointalk.org/index.php?topic=137.0

[semaforo]

   Bitcoin is also a way to keep your savings digitally and be responsible for it yourself- especially for people who have moral issues with the way the banking system works (seriously, how can you not?!??!).


  So really, buying bitcoin or gold is just the right thing to do- but gold is even more inconvenient to transact with than bitcoin! Price swings and people not accepting bitcoin is just the inconvenience (and sometimes incidentally massive profit) that goes with the moral high ground.

[envy2010]

Volatility is bad for bitcoin (the protocol) adoption, even though it doesn't seriously affect it's function as a transfer protocol since there are plenty of ways to convert to other currencies instantly.

Any investment in actual Bitcoins (the coins) is purely speculative, since there is no return unless the price goes up. Speculative investment is still investment, but it not the only way to invest in bitcoin (the protocol), one could put money in a bitcoin startup or service company.

[Bit_Happy]

...BTC stability is imperative ...

No it is not imperative to have stability.
Futures contracts and options can easily manage risk.
For people who need something more simple, a company can "insure" the value for a small added fee.

[Newfeeling]

...BTC stability is imperative ...

No it is not imperative to have stability.
Futures contracts and options can easily manage risk.
For people who need something more simple, a company can "insure" the value for a small added fee.

That's actually a really good point; I hadn't considered that possibility.

That having being said however, a little more stability definitely couldn't hurt.

From a merchant's perspective, carrying BTC as an option for the customer would be very attractive so long as the fees (no doubt determined by BTC volatility - at least in part) for the service you mentioned are appropriately competitive with fees charged by card processors like visa and mastercard.

[bgmc]

Ban!

Wont Ban

Ban!

Wont Ban

no shit they're manipulating the market! I'm willing to bet that once the price reaches 800-1000, the Chinese will start slowly selling and then 'ban bitcoin' again. But you can't cry wolf too many times before the towns people stop believing you.

[Bit_Happy]

...BTC stability is imperative ...

No it is not imperative to have stability.
Futures contracts and options can easily manage risk.
For people who need something more simple, a company can "insure" the value for a small added fee.

That's actually a really good point; I hadn't considered that possibility.

That having being said however, a little more stability definitely couldn't hurt.

From a merchant's perspective, carrying BTC as an option for the customer would be very attractive so long as the fees (no doubt determined by BTC volatility - at least in part) for the service you mentioned are appropriately competitive with fees charged by card processors like visa and mastercard.

a little more stability definitely couldn't hurt

Agreed, last year featured "insane" price swings.
The BTC mega-Bulls always get crazy once the market clearly starts to move higher.
Maybe someday they will learn to calm down a bit?