Author

Topic: I speculate the price of bitcoin will go up, then down, then up, then down. (Read 1266 times)

hero member
Activity: 882
Merit: 1006
No currency is stable.

http://finance.yahoo.com/q/bc?s=EURUSD=X&t=5y&l=on&z=l&q=l&c=

That is over 5 years but you get the point.

Lets check out the Yen:

http://finance.yahoo.com/q/bc?s=JPYUSD=X&t=5y&l=on&z=l&q=l&c=

Sure Bitcoin value isn't stable, but you have to understand that its in its infancy, people are hesitant of it and are quick to jump ship once they see the price falling.
full member
Activity: 182
Merit: 100
I suspect that currencies should not be stable and that stabilizing currencies leads to price fluctuations in all other goods.

Totally, just the other day i was getting a pair of socks, it was $5, the next day it was $20. Oh wait, those were alpaca socks.
legendary
Activity: 4522
Merit: 3426
Quote
infinitely divisible


21x10^14 != infinity. Check your math bro  Grin Grin Grin

Check your assumptions bro  Grin Grin Grin
newbie
Activity: 56
Merit: 0
no lines on a price chart, not a legit prediction
sr. member
Activity: 448
Merit: 250
Quote
infinitely divisible


21x10^14 != infinity. Check your math bro  Grin Grin Grin
hero member
Activity: 504
Merit: 500
"That there is no such thing as speculating"

Please tell me that's a Gwenny reference Cheesy
hero member
Activity: 740
Merit: 500
Hello world!
I think it will stabilize at 122 $ forever, and the value will never change again. Ever.
legendary
Activity: 1456
Merit: 1010
Ad maiora!
you could ramp your calculations up a notch if you used a speculum.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Wow this is so complex it makes the Bitcoin conference material look like stuff from kindergarten. Lol

I speculate the price will go from left to right. Try to wrap your head around that one.
legendary
Activity: 1904
Merit: 1002
I suspect that currencies should not be stable and that stabilizing currencies leads to price fluctuations in all other goods.
member
Activity: 126
Merit: 16
full member
Activity: 182
Merit: 100
I speculate the price of bitcoin will never stabilize, and will never become a useful currency as a result. I speculate that others will speculate on my speculation, and will match and raise their speculation on my speculation by speculating that there is no such thing a speculating the course of a crashing train or the price of an infinitely divisible currency. I will raise any further speculation by one micro gold spec, divide said electrons of gold spec into a satoshi spec, which will be mass adopted by the global economy by 2014.
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