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Author Topic: The reason BTC is going up ...  (Read 660 times)
HappyBitCoinUser
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April 08, 2013, 11:36:15 AM
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... is because the value of the US Dollar is going down.

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April 08, 2013, 11:37:00 AM
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you are really smart i can tell  Grin Grin Grin Grin Grin Grin
HappyBitCoinUser
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April 08, 2013, 11:40:44 AM
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Don't have to be smart to know the value of the US Dollar is going into the toilet.

I've noticed this while traveling internationally that the exchange rate for the USD keeps getting worse and worse.

Pretty soon a Big Mac will be $99 and BTC will be $50k each.
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April 08, 2013, 11:42:40 AM
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... is because the value of the US Dollar is going down.

If that was true, why aren't gold and silver rocketing up in price as well?  Both have a history of well over 2000 years of use as real money.  Bitcoin has a little over 4.

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April 08, 2013, 11:48:00 AM
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... is because there doesn't exist any real downward pressure on the BTC price? Seriously, I don't see where we'll get any major pressure unless there is a previously unknown network flaw that comes up, or Congress starts spreading FUD. Even then, I'm not really sure that'll slow anything down for long.
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April 08, 2013, 11:49:45 AM
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1 word...  speculation!

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April 08, 2013, 11:51:36 AM
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... is because the value of the US Dollar is going down.

... and the euro aswell.

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