Post
Topic
Board Speculation
Re: Bitcoin is dead? 350$ :(
by
picolo
on 17/12/2014, 13:45:19 UTC
Let the Russians start our next pump!

https://bitcurex.com/page/rub/

Deposit RUB directly, get USD, buy BTC. Up to 3300 USD without verification. Plain and simple. Smiley

Regards!

The same will happen in the USA and in Europe.

People changing from fiat to Bitcoin to avoid losing purchasing power.

Ruble lost 50% of purchasing power this year, while bitcoin lost 60%. Why would they want to switch to something which is even worse and riskier?

Meanwhile USD and EUR are losing only 1-2% a year.
Now that it's obvious that QE is not causing inflation, people have even more faith in USD than couple of years ago and still consider it safe haven.

They would want to switch because they expect Bitcoin not to lose value or to gain value and the Ruble to lose more value.