08-31 08:47 - 'In Argentina we use the Peso as currency. If we devaluate the Peso, the dollar and BTC will keep climbing. Few people in Argentina use US dollars to buy bitcoin, but if you do, the price will be the same as in every other c...' by /u/redseven- removed from /r/Bitcoin within 686-696min
Either bitcoin is not a store of value or the gold market is heavily manipulated.
So someone dumped tons of paper gold on the market. Pushing down the gold price to pre brexit levels. News are really bullish for gold but the price doesnt reflect it. Meanwhile the price of Bitcoin keeps climbing slowly as if nothing has happened. So why did the golden store of value take a huge dump and the digital store of value didnt budge? This can only mean that either the gold market is manipulated by the banking cartel or that Bitcoin is not a store of value.... or that Bitcoin is disconnected from the real world but i think brexit and grexit proves that this isnt the case. Gold is often used as a sign of the overall health of the economy, if gold goes up it means investors are worried. But now while one of the worst economic shitstorms are looming the price of gold goes down? I call bullshit. What im trying to say is that Bitcoin, if not now then maybe in the future, can serve as a real indicator of financial stress in the world. A price signal which cannot be distorted. An X-ray of the economy.
Bitcoin Climbs Towards $12,000 as Market Rebounds ... Analyst: BTC Still Needs to Test $11,000 Before Climbing Significantly Higher One analyst believes that Bitcoin will continue struggling to garner clear momentum so long as it fails to tap its key near-term liquidity region at $11,000. He doesn’t expect a break above $12,000 until this level is tapped. “BTC update: Still pretty clean ... Why Lack of Leverage Could Keep Bitcoin and Stocks Climbing Despite Selloff. Tony Spilotro · @tonyspilotroBTC Sep 11, 2020 15:00 . Share. Tweet. Send. Share. At the turn of September, Bitcoin crashed by over $2,000 to below $10,000, and the stock market saw a steep selloff – particularly in tech stocks like Apple, Amazon, Alphabet and other A-list companies. But the selloff taking pause ... Bitcoin Price Keeps Climbing. 0. November 2, 2017 . Written by Coin Currency News. The price of Bitcoin recently made one of it’s largest jumps, passing $7000 USD, or gaining close to $1000 in the week’s trading prices. Some of the reasons for the jump are the increased speculation surrounding the upcoming Bitcoin Fork, where users who hold BTC will also be credited with the new forked ... Michael Novogratz says bitcoin and gold will keep climbing because of global 'liquidity pump' Published Tue, Jul 28 2020 11:06 AM EDT. Jesse Pound @jesserpound. Michael Novogratz. Anjali Sundaram ... Panic selling is never good for the value of any commodity. Bitcoin is no different. How long the price of bitcoin keeps going up will have a lot to do with investor confidence. There are also world events to take into consideration. The value of bitcoin will be impacted by how many people start to use it amid panic over the coronavirus crisis.