Cconvert2G36
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November 16, 2015, 03:11:57 AM


So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

The dollar has been dying for as long as I remember, or so they´re always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.



Perhaps.  Looking at that chart, I can't help but think we're getting close to the other side of the hill.  I don't know if the Fed will raise interest rates or not next month, but I suspect they're thinking about more QE.  If the world starts dumping USD for Yuan, they won't have to.