Topic: Here we go again, another major price drop for bitcoins - page 10. (Read 23164 times)
i dont mind if its low or high.
what bitcoin needs is Derivative!
Its been pretty stable for over a month now, sitting around 10 to 11 bux even during the weekend down time. Now its pretty quickly dropped to 8 bux a coin. So how low we going this time. I bought a bunch when it hit 9 today, now wish I would have waited of course. Problem is, if bitcoin keeps freaking going from 11 to 7, to 12, to 8 back and forth its just making it harder and harder for there to be a strong bitcoin economy. Sellers are not going to want to sell products and services for something that changes its value so dramatically and so quickly. We need to fix that somehow, it has to stabilize even if its at 5 bux a coin, it just has to be stable withing a dollar for there to ever be any future economy for bitcoin, or at least thats how I feel.
The more it swings, the more it will attract day traders.They will eventually stabilize the economy because eventually they will cancel each others trades out, making manipulation much harder.
Its been pretty stable for over a month now, sitting around 10 to 11 bux even during the weekend down time. Now its pretty quickly dropped to 8 bux a coin. So how low we going this time. I bought a bunch when it hit 9 today, now wish I would have waited of course. Problem is, if bitcoin keeps freaking going from 11 to 7, to 12, to 8 back and forth its just making it harder and harder for there to be a strong bitcoin economy. Sellers are not going to want to sell products and services for something that changes its value so dramatically and so quickly. We need to fix that somehow, it has to stabilize even if its at 5 bux a coin, it just has to be stable withing a dollar for there to ever be any future economy for bitcoin, or at least thats how I feel.
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