Bitstamp recently promoted some shop that sells gold and silver for bitcoins.
Dear Bitstamp Clients,
We are excited to announce joint promotion with Moro the leading bullion traders of gold bars to offer a discount to Bitstamp clients!
Purchase 1 ounce gold bars from Argor Heraeus mints in Switzerland and pay with bitcoins, the world's fastest currency to receive free, fully insured and trackable shipping to selected countries* courtesy of Bitstamp!
Each gold bar is elegantly packaged and attached to a credit-card-size certificate.
To exchange your bitcoins for gold now and take advantage of Bitstamp's special offer simply visit moro.si and enter the promo code: BITSTAMP.
This offer is available f rom 24th until 31st of August 2015.
Enjoy!
Best regards,
Bitstamp team
I suspect the real reason of BTC taking the hit lately is due to people selling their coins to buy precious metals. I'm a bitcoin hoarder and I did exactly that and plan to do it again. Thus there ought to be other people like me doing the same thing. BTC might continue to fall.
I sold some BTC at 260$ to panic buy physical silver a couple of weeks ago. It's because of this:
https://www.youtube.com/watch?v=rkELgi6EkNoand also because silver is currently massively undervalued and probably at the bottom.