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What I find interesting is that BTC market does not care about Flexcoin shutting down - prices continue to soar to USD 700 after the MtGox induced drop to ~ USD
by luka-birsa 13y ago
What I find interesting is that BTC market does not care about Flexcoin shutting down - prices continue to soar to USD 700 after the MtGox induced drop to ~ USD 500.
For me this actually shows promise of real market stabillity in the long run. Image what would happen if a real bank failed in a normal country. Or image what would happen to USD if the largest world bank would fail (destroying 12% of worldwide supply of USD) and nobody would bail them out? Would the drop be worse than 10-20%?
- danielweber 13y agoSo this is actually good news?
- gwern 13y agoAs makes sense. I follow Bitcoin news, and I hadn't even heard of Flexcoin or this other Poloniex.