Why would you expect bitcoin to stabilize? I see no mechanism that would do that. Gold has had thousands of years of use as money-like instrument, and only peri

Why would you expect bitcoin to stabilize? I see no mechanism that would do that. Gold has had thousands of years of use as money-like instrument, and only periods of relative (nominal) stability during the last century or so have been when there have been organizations (central banks) to keep that stable. http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart http://www.macrotrends.net/1333/historical-gold-prices-100-y... (be sure to play around with the "inflation adjusted" checkbox)