I like a good roller coaster as much as the next guy but the market movements as of late more closely resemble one of these tower drop rides. This seemingly dogmatic trading method of perpetually forcing free fall down followed by forcing immediate vertical up is fuckin brutal and renders bitcoin almost useless as a stable store of value or currency, and mostly only functional and useful as a speculative financial tool with minimal secondary use as a criminal payment option and cheap but risky remittance alternative. I believe that the severe volatility is what is primarily responsible for discouraging wider adoption and significantly greater prices, and it's a bizarre sort of catch 22, volatility allows traders to extract $ (and/or increase total bitcoin holdings) but volatility prevents new user adoption and greater prices resulting from new money entering. I get that the traders don't give a shit about bitcoin whatsoever and just want to fuck the market for as much gains as they can, but damn, if you all only trade it in a fashion of creating as many and as severe of fuck you spikes up and down as possible, the ride stops being fun and just results in lots of puke with most people wanting off the ride and nobody standing in line.
Btc is the new age of high tech on line gambling. As they say, know when to hold and know when to fold... holds true here.
