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Coins are up 8.3% on the day, which is strange considering all the bandwagon press universally condemning it. Some of it is correction, but I think generally m
by elif 11y ago
Coins are up 8.3% on the day, which is strange considering all the bandwagon press universally condemning it.
Some of it is correction, but I think generally more people are starting to treat it as a hedge against general global markets--as a haven like gold.
- brainflake 11y agoTotally. Investors are probably just moving to gold & treasury bonds as safer assets in anticipation of a global slowdown.
- bdcravens 11y agoYou mean Bitcoin? Probably best to refer to it unambiguously.
- elif 11y agoI was being intentionally coy to avoid replies from people not interested in what i was actually saying, but in bitcoin flamewars.