Quote from: lindatess on November 21, 2013, 12:35:51 AM

Quote from: notme on November 21, 2013, 12:26:56 AM

Unless you have lots of capital and balls of steel, I strongly recommend against shorting bitcoin.

Even if you don't short, the fact that dollars are worth more after tapering will lead people to not pay as much for a bitcoin. Dollars would purchase more of other assets. It's going to be problem regardless, but I think one of the large hedge funds dumped a lot of BTC yesterday. I saw an order for a 30,000 BTC sell yesterday. Right after the FOMC minutes came out... Co-incidence?

The USD is rising in value against many major western currencies such as the AUD and CAD and GBP...

You likely saw the gox API glitch caused by a 10k sell. The API repeated the information like a loop for quite sometime making it look like far more was being sold than actually was.