Post
Topic
Board Speculation
Re: $500 bitcoin by mid-July
by
MatTheCat
on 21/04/2013, 00:16:18 UTC
So you're saying that if a major, world-wide store of value (silver) crashes and burns; bitcoin - another, but appreciating, store of value - will plummet as well?
Interesting.

No smart arse.

I am saying that if there is another widespread deflationary event, that Bitcoin will crash and burn. Of course, so will everything else but Bitcoin will top the list by a long way.

What happens in just a single market isn't greatly relevant, especially not markets as controlled and manipulated (and therefore markets that defy all rules of logic) as the PM markets.