There's really no telling what it will do. Could keep just going up. It's not like it's pegged to anything.
-
-
Replying to @buellerevsky @DoryThePenitent
btc is a bit different because no one can short it just yet, so it'll probably keep tilting up for a while
3 replies 0 retweets 4 likes -
Replying to @LokiJulianus @DoryThePenitent
idk if the ability to short really matters. Ultimately "no state backing or intrinsic value" = volatility, and volatility actually makes shorting much harder (bc of margin calls)
2 replies 0 retweets 1 like -
the real issue is when ppl who are e-rich decide to start cashing out
1 reply 0 retweets 1 like -
Sounds like a prisoners dilemma
1 reply 0 retweets 1 like -
not rly... other than in the sense that in all markets, oligopoly leads to reduced supply of what's being sold
1 reply 0 retweets 0 likes -
Replying to @QuasLacrimas @fides_et_cancri and
but that isn't connected to volatile asset dynamics
1 reply 0 retweets 1 like -
Fair enough. I was just thinking of a Nash equilibria between 2 BTC holders on when to sell
1 reply 0 retweets 0 likes -
Replying to @fides_et_cancri @QuasLacrimas and
speaking of nash http://sites.stat.psu.edu/~gjb6/nash/money.pdf …
1 reply 0 retweets 1 like
lol you had me thinking Nash wrote a lecture about money for a second
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.