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That's an interesting question and I think it's hard to say. If by "stabilize", you mean reduce volatility, I would bet no. I would say we could possibly see e
by unclebucknasty 14y ago
That's an interesting question and I think it's hard to say.
If by "stabilize", you mean reduce volatility, I would bet no. I would say we could possibly see even more volatility once leverage and shorting enter the picture.
But, if by "stabilize", you mean put some downward pressure on the price, then I would guess maybe or even likely.
Under the traditional rules I would have more confidence in the latter than just maybe, but with bitcoin, it seems like we've long ago tossed the traditional rules.