The Recent Price-Drop is bigger than Bitcoins

[johnniewalker]

I believe 100% that the drop in price of bitcoins is based on a much larger...something. Yesterday I went to my local con store because silver was down lower than I have seen it in like six months (it was $25/oz). I don't pay as much attention to gold (don't really have the money), but when I got to the coin shop it was packed with people buying gold by the multiple ozs. Seeing how significant the drop was, even poor me capitalized on it and bought an ounce of gold. How could it be any coincidence that bitcoins suffered such a blow, and so did silver and gold? I have no idea what caused the drop in $ in all of them (even the coin shop owner admitted he had no idea), but they have to be linked. Since this is the "speculation" thread its basically impossible to pinpoint the cause, but I'm curious what people think?

[Phil21]

No link.  Other than massive speculative bubbles in both.

Less so in gold and silver though.  All time highs are all time highs for a reason - they generally are rare events.

I'm sure the gold bugs will attack me hardcore for calling it a bubble, but the appreciation of it over the last few years has been unsustainable imo

Still too high for me to buy in, but I've been watching it.