It retreats. This is normal. Well "bitcoin-Normal", which is; well... not normal at all...
People know there will only be 21.000.000
so people don't realy look at the now , they just buy.
and look long term , those who don't understand bitcoin will lose , but hey they will loose anyway
diffrence between normal and bitcoin , is btc is deflationary , and known max of coins.
against no known , max of gold silver or dollar.
It is interesting we talk about there being 21 million. But that is in 2140 (I believe). Most of us are not going to be around then and I doubt money exists then the way it does now anyway.
My point really, is that we have an extremely deflationary currency (as demand more than outstrips the new coins) to such a degree, that for all purposes, we can just call this a deflationary currency period (even though it is growing). And BTC will probably grow by leaps and bounds unless a big nation or two attack it. And looking at the condition of banking right now, they better think twice about that.
And the ECB a week ago, lowered rates to America's suicidal level of 2.5% (from .5%). There is no going back. We are officially in Monopoly money territory. Are they so stupid? Evil? Or perhaps a combination of the two. It is just a matter of time now for the Dollar and Euro to have "Bail in" level problems. Which is interesting as the ECB was talking about a bail in of 10% for EU positive net worth people. Perfect timing ECB!
Take your last look at bankers still walking and breathing. (No threat made there, just a prediction). If they take 10% of the net worth from EU citizens, the Italians alone will hang them.
