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Bitcoin Forum > Economy > Economics > Speculation > The global stock market is doing really bad. US is in the 2nd worst day in 2013.
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Author Topic: The global stock market is doing really bad. US is in the 2nd worst day in 2013.  (Read 828 times)
The Fool (OP)
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February 21, 2013, 03:05:01 PM
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How will this affect the bitcoin market?
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February 21, 2013, 03:06:31 PM
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Daaaaash for digital caaaash....   Smiley
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February 21, 2013, 03:21:46 PM
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Quote from: waitingforpizza on February 21, 2013, 03:06:31 PM
Daaaaash for digital caaaash....   Smiley

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The Fool (OP)
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February 21, 2013, 03:25:30 PM
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lol Verifone dropped by 37% today.
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February 21, 2013, 03:27:11 PM
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Quote from: The Fool on February 21, 2013, 03:25:30 PM
lol Verifone dropped by 37% today.

i've got a theory about these sort of things.
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February 21, 2013, 03:51:47 PM
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My casual observation has been that when the stock market is way down, the Bitcoin price is also down.

I do not think it is an either or type of thing. If people have money for stocks they have money for bitcoins.
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February 21, 2013, 05:18:42 PM
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Quote from: Elwar on February 21, 2013, 03:51:47 PM
My casual observation has been that when the stock market is way down, the Bitcoin price is also down.

I do not think it is an either or type of thing. If people have money for stocks they have money for bitcoins.

Like fiat, BTC is both a currency and a tradeable commodity. I doubt there are too many stock traders on  Mt. Gox, but stock market margin calls are usually pretty hard on gold and oil.
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February 21, 2013, 07:31:18 PM
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Quote from: The Fool on February 21, 2013, 03:25:30 PM
lol Verifone dropped by 37% today.

waaaaaaaaaaaaaaaaaaaat.
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