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RE: Can we really predict the market prices? (oscillator model)
I find articles like this too often disregard the utility of the items being traded and focus only on speculators. Those without credit cards will always need so much bitcoin (denominated in dollars) in order to pay for services on the Internet. Wikileaks will always use bitcoin for donations.
You are right, but the truth is that 90 percent of transactions now are speculative.