Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .

remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers.

That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing (, $ or ¥).
If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value.

yup i do remember the inflation of 3600 bitcoins everyday. i agree with your assessment. i think the swiss didn't unpeg from euro and hurt their own economy just for the heck of it. somethings going on.

There was an influx of money into their country ..its pretty much made them de-peg. I'm basing this off one article I read though

Any chance of a link to the article ?

Here are a few perspectives on the Swiss Franc situation:

http://www.telegraph.co.uk/finance/economics/11349479/Switzerland-capitulates-on-franc-as-global-currency-wars-take-next-victim.html
http://www.nytimes.com/2015/01/16/opinion/paul-krugman-francs-fear-and-folly.html
http://www.economist.com/blogs/buttonwood/2015/01/currencies

So back home... wonderful end to a marvelous project Cheesy

and a wonderful holiday , good to be back Wink

Hmmm so...

Gotta wonder what the Swiss are reacting to... Roll Eyes

If I remember correctly we have a few Greeks on the thread... so what do you reckon will Alexis Tsipras win on the 25th ?

Merkel has had some strong words to say about it if he does win... plus the Germans and the French are having their meeting this week.. strong words are being spoken no doubt... plus it seems that the (ultra) anti european contingent are awfully vocal all over europe these days (The Farages, and marine le pens and bepe grillos of europe)

Just gonna pop this here : http://uk.reuters.com/article/2015/01/19/uk-ecb-policy-merkel-idUKKBN0KS19420150119