bassclef
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February 16, 2014, 01:45:17 AM

Granted, those are speculators, not users.

I remember you saying something about speculators before. They provide liquidity and absorb excess risk that average investors are not willing to take. They exist in every market. I don't see it as a negative, as their trading is equally bound by the laws of supply and demand which will result in reasonably accurate price discovery over time. So bring on the speculation, it's all part of the adoption curve which, in Bitcoin world, is shared by bitcoin owners, not venture capitalists.