Topic: Where deos the Prize gets stable? (Read 1478 times)
I think the price will stabilize at about $100, and then adjust because the dollar inflates while bitcoin does not. Until that point it is gonna keep rollercoasting up and down. Stability is good for merchants, instability is good for speculators.
What do you mean with the term incompetent speculator? I started with Bitcoin about 2 weeks ago. I really liked the idea and started mining but had to realize that it is really not profitable. So I bought some bitcoins from MtGox. I didn't have any experience with shares except some things from my degree in finance. Of course nothing really applies to Bitcoin 
Still, after buying some Bitcoins, I more than doubled the money i put into MtGox without any experience in that area. Why do you think the same doesn't apply to many other "newbies"?
Still, after buying some Bitcoins, I more than doubled the money i put into MtGox without any experience in that area. Why do you think the same doesn't apply to many other "newbies"?I never said that. You can also get rich playing roulette in the casino if you're lucky. I'm only saying that such people cause fluctuations and lose money on average.
If people are having fun taking high risks, let them go ahead. They're all free to do what they want with their money. But I am allowed to call people who follow trends in an insane fashion or fail to use limit orders without burning 10% of their order incompetent. It's pretty safe to assume they don't make losses on purpose.
I'm not angry at anyone or telling them what to do; I'm a Libertarian after all, maybe some of them are right and I just don't get it. Nobody has to listen to me if they don't want to. That's the nice thing about free markets.
Stability occurs when there are sellers at the market offloading the BTC they accepted for goods and services, and when there are buyers who need btc to purchase those goods and services.
Where is my prize??? 
you left out an option for: *No! it will never be stable.
you left out an option for: *No! it will never be stable.
Of course, we don't know. But I can take my best guess.
If you ask me, it could very well happen on a single-digit price value, so I'll wildly guess <8. I base that on the possibility that the relatively sized inflow of overconfident speculators seems to decrease, which would cause the situation to behave like a classical price bubble. But with all the chaos, it's really hard to make out a "real" price, I could be wrong to an order of magnitude.
The price gets stable when the majority of incompetent speculators lost enough money to give control back to classical speculators. Real speculators make money from margins and stabilize price; insane speculators lose money and cause fluctuations.
The important point is: the smaller the inflow of newcomers compared to market size, the more stable the price will become, because bad speculators will burn out their resources over time. Give it at least a few months; Bitcoin is still brand new.
If you ask me, it could very well happen on a single-digit price value, so I'll wildly guess <8. I base that on the possibility that the relatively sized inflow of overconfident speculators seems to decrease, which would cause the situation to behave like a classical price bubble. But with all the chaos, it's really hard to make out a "real" price, I could be wrong to an order of magnitude.
The price gets stable when the majority of incompetent speculators lost enough money to give control back to classical speculators. Real speculators make money from margins and stabilize price; insane speculators lose money and cause fluctuations.
The important point is: the smaller the inflow of newcomers compared to market size, the more stable the price will become, because bad speculators will burn out their resources over time. Give it at least a few months; Bitcoin is still brand new.
What do you mean with the term incompetent speculator? I started with Bitcoin about 2 weeks ago. I really liked the idea and started mining but had to realize that it is really not profitable. So I bought some bitcoins from MtGox. I didn't have any experience with shares except some things from my degree in finance. Of course nothing really applies to Bitcoin
Still, after buying some Bitcoins, I more than doubled the money i put into MtGox without any experience in that area. Why do you think the same doesn't apply to many other "newbies"?
Of course, we don't know. But I can take my best guess.
If you ask me, it could very well happen on a single-digit price value, so I'll wildly guess <8. I base that on the possibility that the relatively sized inflow of overconfident speculators seems to decrease, which would cause the situation to behave like a classical price bubble. But with all the chaos, it's really hard to make out a "real" price, I could be wrong to an order of magnitude.
The price gets stable when the majority of incompetent speculators lost enough money to give control back to classical speculators. Real speculators make money from margins and stabilize price; insane speculators lose money and cause fluctuations.
The important point is: the smaller the inflow of newcomers compared to market size, the more stable the price will become, because bad speculators will burn out their resources over time. Give it at least a few months; Bitcoin is still brand new.
If you ask me, it could very well happen on a single-digit price value, so I'll wildly guess <8. I base that on the possibility that the relatively sized inflow of overconfident speculators seems to decrease, which would cause the situation to behave like a classical price bubble. But with all the chaos, it's really hard to make out a "real" price, I could be wrong to an order of magnitude.
The price gets stable when the majority of incompetent speculators lost enough money to give control back to classical speculators. Real speculators make money from margins and stabilize price; insane speculators lose money and cause fluctuations.
The important point is: the smaller the inflow of newcomers compared to market size, the more stable the price will become, because bad speculators will burn out their resources over time. Give it at least a few months; Bitcoin is still brand new.
Where deos the Prize gets stable?
has anyone a grafical explanationfor his answer?
has anyone a grafical explanationfor his answer?
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