Bitcoin Crashed. Again.

Bitcoin Crashed. Again. | Zero Hedge

zerohedge.com 13 Mar '13, 6am

Bitcoin Crashed. Again.

When writing about economics (as opposed to trading), one does not expect to be proven right within days of publishing something. Things can take years to play out. On Monday, February 25, we published What Drives the Price of Gold and Silver? In that article, I wrote: If there is a credible rumor that the Fed is planning to further extend its “Quantitative Easing”, how would you expect the monetary metals to react? Typically, the gold price would rise and the silver price would rise even more. The question is why. Traders read the headlines and they know how the price “should” react to such news, and they begin buying. For a while, the prophecy fulfills itself. But then what happens next? It may take an hour or a month, but sooner or later some of the new buyers begin to sell. What can be bought on speculation using leverage must eventually be sold. On Tuesday, Fed Chairm...

Full article: http://www.zerohedge.com/contributed/2013-03-13/bitcoin-c...

Tweets

@ArielAspadit » 15 Mar '13, 3pm
Main critique is technical. So it must be money RT @tkinder: Bitcoin Crashes. Is it money? @myen [link] Via @zerohedge
@tkinder » 15 Mar '13, 2pm
Bitcoin Crashes. Is it money? @myen [link] Via @zerohedge
@leoknepper » 14 Mar '13, 1am
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@CryptoCurrent » 13 Mar '13, 9pm
Bitcoin Crashed. Again. | Zero Hedge [link] #cryptocurrent
@nanewsnetwork » 13 Mar '13, 5pm
Bit Coin follies: Zero Hedge explains how BC market works [link] #NoAgenda
@mis4mike » 13 Mar '13, 3pm
@saifedean @azizonomics @CausticPop According to @zerohedge, #bitcoins are decidedly not money. [link]
@Seanismoney » 13 Mar '13, 12pm
@maxkeiser RT @ZeroHedge Bitcoin Crashed. Again. [link]
@BitcoinRate » 13 Mar '13, 11am
Bitcoin Crashed. Again. | Zero Hedge: On March 3, we said that Bitcoin is interesting technology, and a useful... [link]
@24Knews » 13 Mar '13, 8am
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Bitcoin Crashed. Again. [link] #Truth #Freedom
@slacabos » 13 Mar '13, 8am
#Bitcoin as a new Asset Class [link] (via @getMoneyFarm)
@getMoneyFarm » 13 Mar '13, 8am
#Bitcoin as a new Asset Class [link]
@michaelmccrae » 13 Mar '13, 7am
Zero Hedge says Bitcoin isn't money because it is etheral [link]
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Bitcoin Crashed. Again. [link] via Zero Hedge $$
@AbleGoodman » 13 Mar '13, 7am
RT @Intelwar: Bitcoin Crashed. Again. [link]
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@AppliedFX » 13 Mar '13, 6am
[link] Bitcoin Crashed. Again. [link] #forex #trading RT
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@hackdeeper » 13 Mar '13, 6am
[zerohedge] Bitcoin Crashed. Again. [link]
@Silverting » 13 Mar '13, 6am
$> Bitcoin Crashed. Again.: When writing about economics (as opposed to trading), one does not expect to be pr... [link]
@mariogreat » 13 Mar '13, 6am
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@FinancialBlogs » 13 Mar '13, 6am
Bitcoin Crashed. Again.: When writing about economics (as opposed to trading), one does not expect to be prove... [link]
@azureblade7 » 13 Mar '13, 6am
Bitcoin Crashed. Again. [link]

Bitcoin Crashed. Again. | Zero Hedge

Bitcoin Crashed. Again.

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