http://www.nytimes.com/2014/04/04/business/international/european-central-bank-leaves-rates-unchanged.html"Mario Draghi, the central bank’s president, said that members of the bank’s Governing Council, which met Thursday, had a “rich and ample” discussion about so-called quantitative easing, purchases of government or corporate bonds on a grand scale as a way of reducing market interest rates."Oh my dear, soon ECB will buy bonds outright = direct government financing, 1923 methods against Japanese deflation, who will be the winner?
BITCOIN!!
Sell a coin now for $500, it's like shitting your pants, feels good for a moment but you will regret it later.
Just wait what happens when negative interest rates are imposed. Cash withdrawals will then be limited, they have to, otherwise people would stash their cash at home. When that happens, coins will skyrocket, the China bubble will look like a golf ball....
Cheers
Leo
PS funny how inflation is low, when food and real estate goes up 5-10% each year. Sleepsheep believe everything.
