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December 10, 2014, 02:52:05 AM

Hello all,

I think that the most relevant factor to the BTC price today is the same factor that (I believe) has impacted all risk-related markets worldwide - China's decision to tighten up credit in corporate and local government debt. There are a number of major geo-political risks rattling out there (oil plunge, US dollar rise, China's debt-fueled growth and EU's debt ridden PIGS).

My guess is that BTC COULD benefit if one of these risks goes into full-on meltdown mode. On the other hands, if Central Banks can calm markets and slather on some more QE, stocks could keep rising (taking away from BTC's safe-haven appeal).

Relevant:
http://www.bloomberg.com/news/2014-12-09/china-s-rate-swaps-surge-most-since-june-2013-as-bonds-tumble.html
http://www.reuters.com/article/2014/12/09/china-debt-regulations-idUSL3N0TT03T20141209