Author

Topic: The global stock market is doing really bad. US is in the 2nd worst day in 2013. (Read 831 times)

legendary
Activity: 1414
Merit: 1000
HODL OR DIE
lol Verifone dropped by 37% today.

waaaaaaaaaaaaaaaaaaaat.
member
Activity: 60
Merit: 10
My casual observation has been that when the stock market is way down, the Bitcoin price is also down.

I do not think it is an either or type of thing. If people have money for stocks they have money for bitcoins.

Like fiat, BTC is both a currency and a tradeable commodity. I doubt there are too many stock traders on  Mt. Gox, but stock market margin calls are usually pretty hard on gold and oil.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
My casual observation has been that when the stock market is way down, the Bitcoin price is also down.

I do not think it is an either or type of thing. If people have money for stocks they have money for bitcoins.
legendary
Activity: 1764
Merit: 1002
lol Verifone dropped by 37% today.

i've got a theory about these sort of things.
newbie
Activity: 56
Merit: 0
lol Verifone dropped by 37% today.
legendary
Activity: 1764
Merit: 1002
vip
Activity: 571
Merit: 504
I still <3 u Satoshi
Daaaaash for digital caaaash....   Smiley
newbie
Activity: 56
Merit: 0
How will this affect the bitcoin market?
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