Author

Topic: Will today's Gold crash have any effect on Bitcoin price? (Read 869 times)

newbie
Activity: 42
Merit: 0
welp, dow drops, gold drops, silver drops, bitcoin drops.
Dollar seems pretty stable now doesn't it?
Sorry in conspiracy mode today
Treasuries are doing well.

Lately, I think the only bubble left is ammo.

Fear bubble is at an all time high!
newbie
Activity: 70
Merit: 0
welp, dow drops, gold drops, silver drops, bitcoin drops.
Dollar seems pretty stable now doesn't it?
Sorry in conspiracy mode today
Treasuries are doing well.

Lately, I think the only bubble left is ammo.
full member
Activity: 224
Merit: 100
One bitcoin to rule them all!
welp, dow drops, gold drops, silver drops, bitcoin drops.
Dollar seems pretty stable now doesn't it?
Sorry in conspiracy mode today

If everything drops compared to the dollar, it actually means that the dollar is increasing in value.
full member
Activity: 233
Merit: 101
 Action in commodity & equity markets is starting to feel a bit like 2008.


This
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
There's form that as the economy improves, the price of gold drops as money is put into riskier holdings like stocks. Or it just gets spent on yachts, cocaine, hookers. Except the whole of the market seemed to be down today. Except maybe purveyors of yachts, cocaine and hookers.

Expect the money to turn up somewhere.
hero member
Activity: 588
Merit: 500
I think that there is a (possibly negative) implication to the extent that such drops in paper gold & silver might signal diminished liquidity in the monetary system, margin calls, and increased risk aversion.  Action in commodity & equity markets is starting to feel a bit like 2008.  Additionally goldbugs who also hold BTC might be getting tempted to buy this gold dip with their hefty Bitcoin profits from the beginning of this year.
legendary
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
welp, dow drops, gold drops, silver drops, bitcoin drops.
Dollar seems pretty stable now doesn't it?
Sorry in conspiracy mode today
Treasuries are doing well.
member
Activity: 84
Merit: 10
welp, dow drops, gold drops, silver drops, bitcoin drops.
Dollar seems pretty stable now doesn't it?
Sorry in conspiracy mode today
legendary
Activity: 1022
Merit: 1000
The title says it all, 10% down in a single day, didnt happen in a long long time on the gold market, any implications for Bitcoin?
http://www.cnbc.com/id/100640665
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