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"Pretty much seems to have hit the speculation threshold." Based on what? Are you seeing something that suggests it's capped out for now? I'm asking because I'

• ChuckMcM 14y ago
  "Based on what?" From the article and from the valuation/volume charts that are available from MtGox and elsewhere. Having watched a number of things become the object of speculation (stuffed animals[1], old computers, internet stocks, real estate, Etc) if you look at their value over time and their trading frequency the traffic develops a quick jump and dump mode when folks are speculating. I attribute it to people buying, capturing gains, then buying again to capture more gains. I don't think its "capped out" what I think is that a bunch of people are jumping into the currency to make a quick buck. And the way speculation works is very much like musical chairs, you jump in and sit down, jump in and sit down, and hope that when the music stops you were sitting down and not standing. If enough players have the stomach for it (it can be both exhilarating and scary to gamble a lot of cash) then the run will continue, once it crosses some threshold, it will come crashing down. [1] Met a person at a garage sale that had over 1,000 "new in box" Beanie Baby(tm) stuffed animals, including some of the "really rare" ones. They were selling them for a dollar each, it was kind of sad.