zenmonk

4 ms·

1. 1.▲
   by zenmonk 14y ago

   > At some point, all of the serious speculators will have put all their money into the coin, and they will be looking to cash out. You are assuming that the price rise is due to short term speculators looking to make a quick buck. I th
2. 2.▲
   by zenmonk 14y ago

   I totally agree that the fluctuations are no good for a currency. People like to say that bitcoin is a currency, but it really could be a lot more than that. Even with wild volatility, it can still work great as an international funds tra
3. 3.▲
   by zenmonk 14y ago

   See, this logic makes no sense to me, unless you bought way more bitcoin than you could afford. Every bitcoin I sell now (without topping back up, as I would normally do for my spending bitcoins) represents a potentially massive amount of