Why's it gone over $400 on stamp? Is there no real reason or has something happened to pump up the price? I can't find any giant events that are responsible for it like the US government has decided to ditch the dollar and switch to using nothing but bitcoin.
If anyone remembers my post in October, I went all in at $230 and posted a couple days later:
https://bitcointalk.org/index.php?topic=1200114.0I was fully out at $44x. Now I'm back all in at $375.
I believe Armstrong said gold would crater to lowest in Q1 2016, but I might be mistaken
and gold has bottomed then rose
so that might signal the end of the btc drop as well
meanwhile, Harvey Dent said gold would hit $700, hopefully he did not trade on his own advice
Faber says gold to "possibly" $2000 in 2016, so Bitcoin should do similar large gains as well
the fact that people in london are standing in lines in the street for gold seems like Harvey Dent commodity collapse is a tad off
both Bitcoin and gold are more of a currency than commodity anyway, so a deflationary collapse with
liquidity crisis doesn't just make them go down with other commodities
they can benefit from liquidity crunch just like the USD
The price is likely to rise again on Monday as China gets back from holiday... and the Yuan is supposed to be devalued by like 30-40%. The Yuan devaluation thing alone is yuge and might turn out to just be shoveling free money at you by holding BTC.
A halving + huge yuan devaluation at the same time? Are you shitting me? It's like god himself is trying to increase the BTC price. Even if the blockchain stopped and never worked again it would probably go up.
Since China is the driving market currently, we will kinda get the equivalent of a secondary bonus halving at the same time as the real one.