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Topic: Want stability?? - page 2. (Read 3178 times)

hero member
Activity: 840
Merit: 1000
August 21, 2012, 06:13:34 PM
#2
   Topic: Want stability?? 
No.
hero member
Activity: 775
Merit: 1000
August 21, 2012, 05:56:10 PM
#1
Why not just bet for it?

Look at the charts, draw a line going into the future that shows where you want the price to go (within reason, so "gently sloping up" sounds like a good starting point, maybe rising $0.50 to $1 per month). Put in Bids below the limit that you're happy with, and Asks above the limit that you're happy with. Like they say, buy low, sell high.

If enough people do this and do it consistently, the price will stabilise.

Instability is created when there's a positive feedback loop. In other words, people (or is that sheeple?) see the price falling so they panic and sell, causing the price to drop even further. Or they see the price rising, jump on the bandwagon, and cause it to rise unsustainably.

Surely it's not that hard? Have confidence in what YOU think Bitcoin is worth.
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