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Bitcoin Forum > Economy > Economics > Speculation > Does bitcoin rise and fall with the price of the US dollar like people say?
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Author Topic: Does bitcoin rise and fall with the price of the US dollar like people say?  (Read 1191 times)
Minsc (OP)
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September 06, 2011, 05:14:27 AM
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I don't understand why.  I would think it would do the opposite like gold.

Anyone have a graph of US dollar value vs. bitcoin value that's up to date with early September?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Revalin
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September 06, 2011, 05:57:03 AM
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BitCoin fluctuates so much that I doubt you could make any definitive correlation.  Admittedly I haven't tried.

What would you use as an objective measurement of value that's responsive on such a short timescale?
 
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September 06, 2011, 06:04:27 AM
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I think bitcoin falls according to how many stupid topics get opened on this forum. Right now, you (the opener) is a major contributer to the fall of bitcoinprice. Please stop breaking bitcoin and quit opening 700 new silly topics.
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September 06, 2011, 06:22:07 AM
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Quote from: The_Duke on September 06, 2011, 06:04:27 AM
I think bitcoin falls according to how many stupid topics get opened on this forum. Right now, you (the opener) is a major contributer to the fall of bitcoinprice. Please stop breaking bitcoin and quit opening 700 new silly topics.

Hey so next time I sell my coins, I'll open lots of topics and the price will fall?
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