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Title: Canada's sinking loonie will push Bitcoin price higher Post by: jh7phone on January 21, 2015, 05:32:42 PM The Canadian loonie took a mighty tumble this afternoon as the Bank of Canada shocked the markets with a rate cut.
It dropped 2% in minutes as it fell to a low of 80 cents U.S. after having tumbled below the 82-cent mark just yesterday. There's a bleaker outlook for CAD from the Bank of Canada over the coming weeks & 75 cents U.S. isn't completely out of the question after today's shocker. https://i.imgur.com/PlPwzc3.png Title: Re: Canada's sinking loonie will push Bitcoin price higher Post by: ronald98 on January 21, 2015, 05:34:55 PM How's that going to push bitcoin price higher?
Title: Re: Canada's sinking loonie will push Bitcoin price higher Post by: Equus on January 21, 2015, 05:37:46 PM Do you mean that the ticker price at CaVirtex will be higher?
I don't think that my bitcoin holdings have quite hedged the drop in the value of my loonies this year. Title: Re: Canada's sinking loonie will push Bitcoin price higher Post by: jh7phone on January 21, 2015, 05:46:51 PM How's that going to push bitcoin price higher? The Dollar is sinking in value & Bitcoins are rising in value, why would you not leave something sinking to join something rising? Do you mean that the ticker price at CaVirtex will be higher? I don't think that my bitcoin holdings have quite hedged the drop in the value of my loonies this year. Yes watch CaVirtex shoot up soon! My point is that with a "Lonnie" (a 75 cent Loonie) CAD is ripe for the taking! I would be investing in Canada if I was American, Bitcoin is a perfect way to do this. |
