Post
Topic
Board Speculation
Re: Nice terror attack effect on bitcoin?
by
The Pharmacist
on 15/07/2016, 23:45:20 UTC
Bitcoin don't seem to care about the coup attempt in Turkey either...
Why would it care?  Why would any world news affect the price of bitcoin?  Bitcoin isn't a safe-haven asset.  Look at the price today compared to two months ago--we went from 420 to over 700 very quickly, and that isn't safe.  It could easily have gone the other way.  Besides, everyone knows what gold is and have a good idea that it's a place to park money in turbulent times.  Not a hell of a lot of people know or care about bitcoin.  And most of the ones who do are smoking cigarettes in the dark.