Quote from: artanb1 on September 18, 2015, 11:23:24 PM

Quote from: Sourgummies on September 18, 2015, 06:13:05 PM

Or the economy collapses and bitcoin follows suit,this is more how I see things happening,since the markets have already shown that to be the case with bitcoin. The rises are usually speculation and when the issue hits bitcoin drops.

when the markets go down, gold goes up. bitcoin is internet gold:-)

https://twitter.com/MarketWatch/status/644964245554221056/photo/1?ref_src=twsrc%5Etfw

Bitcoin does not follow the markets,it speculates what the markets may do but it does not go up in times that you would expect. Take Greece for example,people speculated that people would turn to bitcoin and it got a bump just before the peak of the drama. There was talk of bitcoin atms flooding Greece to help establish bitcoin and the banks where
given permission to release more funds and talk of bitcoin died off. The price turned downward.
Gold used to be more tied to the markets but lately it does its own thing and does not go flying up when the markets are bad. So I would argue gold is a bad example because in the past it went the opposite of the markets. Bad times it would go up,good times it would go down. But bitcoin is pure speculation and not following the markets per say.
Would be a bad thing anyways if we started following the markets,as bitcoin should be more free of controls.