Topic: Looks like Mt. Gox's price has stabilized pretty nicely... (Read 1651 times)
good stuff marsh :}
bought 800 ฿TC at $14.27800 
You just had $10k dollars lying around on Gox before the hack?
Have you noticed the orders on the books right now, someone isn't going to let it fall..
Quote
Mt Gox charges a small fee (0.00%) for each trade.
love love LOVE it!
No volatility = no speculators -> no market -> bubble implodes
Speculation surely is one driver.
Another is, according to quantity theory:
Less volatility
-> more confidence of merchants and consumers
-> more real commerce
-> more real value moved
-> higher valuation of the unit.
And this driver is the one which is important in the long run.
No volatility = no speculators -> no market -> bubble implodes
too bad market did not agree on your fundamental price estimate, maybe next time
I think the hackers did us a favor - we'll all be better for it in the long run.
Some people did pay a high price for the learning curve.
bought 800 ฿TC at $14.27800
yeah, also www.tradehill.com market prices pretty much match www.mtgox.com prices.
No volatility = no speculators -> no market -> bubble implodes
A big HA-ha! to everyone who said that Bitcoin was dead, or too volatile. After running this gauntlet, Mt. Gox and Bitcoin will be stronger & more secure, more stable and resilient. I think the hackers did us a favor - we'll all be better for it in the long run.
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