Post
Topic
Board Economics
Re: why is bitcoin price not going up?
by
BTC_Junkie
on 10/08/2011, 00:58:26 UTC
just say if im wrong, but bitcoins should go up, when the dollar goes down right?
because the dollar have a lower value then it has last week, and the value of bitcoins are the same.
the price should go up.

now, why isn't  it doing that? speculators are panicking?

USD moves are relatively small (~1% per day) while other factors in the market (ie uncertainty from thefts, large sell or buy orders) cause a much more significant move.  Most likely the USD moves had some effect but it was largely unnoticable.