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Author Topic: Gold / Bitcoin 30D  (Read 521 times)
Colin M
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November 30, 2011, 04:57:34 PM
 #1

Similarities?

http://goldprice.org/charts/history/gold_30_day_o_b_usd.png?0.3717817951013287


http://bitcoincharts.com/charts/chart.png?width=940&m=thUSD&SubmitButton=Draw&r=30&i=&c=0&s=&e=&Prev=&Next=&t=C&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=0&p=0&
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December 01, 2011, 08:36:19 PM
 #2

I'd put this down to coincidence. Bitcoin plunged on the 14th because some cone sold 50kBTC at once, not out of any larger market trends.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the culture of naive fools and conmen, the former convinced that BTC is a magic box that will turn them into millionaires, and the latter arriving by the busload to devour them.
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