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Title: Equities down Bitcoin up? Post by: worldinacoin on June 01, 2013, 02:13:04 AM Wall Street had a loss of 1.5% for S& P and 1.4% for the Dow. Wonder if it is the start of the correction? If there is indeed a sharp correction, will investors money go to Bitcoin now that they know that such a venue existed? I guess the situation in EU had a positive effect on driving up the Bitcoin when the Euro was in danger of collapsing. And there is plenty of money flowing around in USA, EU and Japan with their QEs. Just a tiny portion flowing into Bitcoin will push the prices to astronomical values.
Title: Re: Equities down Bitcoin up? Post by: halfawake on June 01, 2013, 03:46:58 AM Nice thought, but it's probably just a coincidence. The stock market has drops like this all the time, I seriously doubt it has anything to do with Bitcoin.
Title: Re: Equities down Bitcoin up? Post by: dwdoc on June 01, 2013, 03:56:30 AM Nice thought, but it's probably just a coincidence. The stock market has drops like this all the time, I seriously doubt it has anything to do with Bitcoin. That's backwards. His point was not that bitcoin investment affects the stock market. It is that the impending stock market correction will result in an increase in bitcoin investment. I agree. Title: Re: Equities down Bitcoin up? Post by: halfawake on June 01, 2013, 04:14:22 AM Nice thought, but it's probably just a coincidence. The stock market has drops like this all the time, I seriously doubt it has anything to do with Bitcoin. That's backwards. His point was not that bitcoin investment affects the stock market. It is that the impending stock market correction will result in an increase in bitcoin investment. I agree. Oh, I agree with you on what the OP's point was, I just disagree about the whole cause and effect thing that you're both proposing. |