Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ElectricMucus
on 20/12/2013, 07:32:05 UTC
Quote from: Holliday on December 20, 2013, 07:08:34 AM
Quote from: tHash on December 20, 2013, 07:06:28 AM
Quote from: nanobrain on December 20, 2013, 07:02:27 AM
Quote from: mmitech on December 20, 2013, 06:56:40 AM
good morning forum members, so it looks that we are going up Smiley
Well China has just dipped so it is interesting to see if there is a full-on detachment of pricing between there and the rest of the world.  Kinda interesting.

Kinda awesome is what it is.   It is where we have to get to before we can move on.   If one exchange can be taken out, and it has this much effect on BTC then we are in deep trouble.  

We have to learn to let individual exchanges do their thing when they go off the deep end . . .

When exchanges go belly up, what is the preferred asset to be in? Fiat or Bitcoin?

I know my answer, but I'm sure that most people prefer the clunky one that is heavily regulated and hard to move around...

That's because it doesn't crash in value in such an event. Being subject to capital controls doesn't matter for most, is only a minor inconvenience for some but a loss in purchasing power is a deal breaker.