evoorhees
Legendary
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Activity: 1008
Merit: 1021
Democracy is the original 51% attack
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March 13, 2012, 06:00:42 PM |
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Price Stability is a myth. it will never happen. as long as the Fed has its fingers on the printing press this is what we get = Volatility.
Price stability is not a myth, it's an inevitability. Of course, the price could be "stable" and slowly rising over time as dollars are printed. But large, double digit percentage moves in a week (or a day!) are a temporary affliction of a small and new market. All prices achieve relative stability in the long run. The question is, "how long" and "at what price stable?" |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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proudhon (OP)
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Activity: 2198
Merit: 1311
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March 13, 2012, 06:01:39 PM |
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It looks like the price is stable again. Phew.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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N12
Donator
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Activity: 1610
Merit: 1010
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March 13, 2012, 06:02:03 PM |
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It looks like the price is stable again. Phew.
Phew.  |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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March 13, 2012, 06:52:07 PM |
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It looks like the price is stable again. Phew.
Phew. slowly but surely. |
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SaintFlow
Sr. Member
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Activity: 476
Merit: 250
The first is by definition not flawed.
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March 13, 2012, 07:01:23 PM |
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quick quick sell sell
so it appears stable again
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don't let me make you question your assumptions
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deepceleron
Legendary
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Activity: 1512
Merit: 1025
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March 13, 2012, 07:05:11 PM |
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Price Stability is a myth. it will never happen. as long as the Fed has its fingers on the printing press this is what we get = Volatility.
Bitcoin can still buy the same amount of petrol; dollars can't buy the same amount of Bitcoin. |
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friedcat
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Activity: 848
Merit: 1005
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March 16, 2012, 10:05:19 AM |
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Look Ma, the price is stable again!  |
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proudhon (OP)
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Activity: 2198
Merit: 1311
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March 16, 2012, 11:37:13 AM |
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Look Ma, the price is stable again! We did it! Again!  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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friedcat
Donator
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Activity: 848
Merit: 1005
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March 16, 2012, 11:46:07 AM |
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Look Ma, the price is stable again! We did it! Again! Let's celebrate!  |
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waspoza
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March 16, 2012, 01:15:33 PM |
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hazek
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Activity: 1078
Merit: 1002
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March 16, 2012, 07:48:05 PM |
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HAhahaha I just love the trolling in this thread  I wish you guys would get the chance to troll The Bernank sometime, that would be one hell of a ze price stebeeleete show. |
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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BadBear
v2.0
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Activity: 1652
Merit: 1127
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March 16, 2012, 08:11:34 PM |
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proudhon (OP)
Legendary
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Activity: 2198
Merit: 1311
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March 16, 2012, 09:47:25 PM |
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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disclaimer201
Legendary
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Activity: 1526
Merit: 1001
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March 17, 2012, 12:13:08 AM |
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Resistance to $5.50 is futile! |
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cloon
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April 01, 2012, 08:40:06 AM |
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resistance is futile!  +1 one of the best |
donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
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proudhon (OP)
Legendary
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Activity: 2198
Merit: 1311
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April 17, 2012, 02:50:27 PM |
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 As far as I can tell, we've been in a narrower price range for longer than any other time period since trading began. So, yeah, congrats everyone. I was right. We finally did it! Stability!!!  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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DeathAndTaxes
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Activity: 1218
Merit: 1079
Gerald Davis
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April 17, 2012, 03:34:11 PM |
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Price Stability is a myth. it will never happen. as long as the Fed has its fingers on the printing press this is what we get = Volatility.
Why would printing lead to volatity. Isn't volatility the unexpected. If you know with absolute certainty the fed will keep printing you (and other traders, models, and bots) will anticipate that and build it into expectations. Now if the FED stopped printing .... well I will just stop right there that would be like saying if the earth stopped turning. |
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disclaimer201
Legendary
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Activity: 1526
Merit: 1001
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April 17, 2012, 03:44:02 PM |
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Price Stability is a myth. it will never happen. as long as the Fed has its fingers on the printing press this is what we get = Volatility.
Why would printing lead to volatity. Isn't volatility the unexpected. If you know with absolute certainty the fed will keep printing you (and other traders, models, and bots) will anticipate that and build it into expectations. Now if the FED stopped printing .... well I will just stop right there that would be like saying if the earth stopped turning. Actually, what would happen if they did stop? Hyperinflation isn't something funny last time I checked my history on the Weimar Republic. A loaf of bread for $10 million this morning, and in the late afternoon it'll cost twice as much. Ouch. Esp. if you never owned 1 million. Is the FED stupid? |
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waspoza
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April 17, 2012, 04:02:29 PM |
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OMG bitcoin is stable forever, lets celebrate!  |
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