To the Moon? The volatility needs to be stabilized and this will only happen with increased adoption and usage. Once it's stable one can start using BTC as a store of value and speculators will rush in blowing the roof off the exchange rate.
Comments, critique?
Comments, critique?
Do you know why increased adoption and usage would lead to price stabilization? If the price stabilizes [and stabilizes because of those two things] we won't be going to the moon.
The moon isn't stable.
As to the first question I've got it in my head that increased adoption and increased exchange volume results in larger BTC trades not being able to move the price like they can now. You can see this effect with the recent flash crash at BTC-e. (In an unrelated note I predicted the flash crash in this thread: https://bitcointalksearch.org/topic/m.8413650 The Amazing Randi owes me a million dollars BTW).
Second I'm thinking that stable doesn't mean motionless; keeping the G-forces at a minimum is probably best for this voyage.
