Skip to content

Bitcoin Takes Quantitative Easing in Stride

2012 September 14
tags: ,
by sv
anarcho-capitalist-bitcoin

Bitcoin offers the world a practical way to settle transactions at anytime. It is a realistic option, understanding the demand for people to avoid the Know Your Customer policies of financial institutions, allowing them to keep wealth in a private manner amid a degrading mainstream economy and states growing increasingly burdensome on the citizenry.

Today, Bitcoin got an interesting test amid QE talk, and it responded soberly. Whereas the stock market rose as if more liquidity guaranteed an ongoing party in the stock market, and gold and silver also were lively amid a decling USD index, Bitcoin remained steady, trading today around $12.

The whole world was excited over the prospects of more quantitative easing like crackheads selling their home so they can throw a $500,000 crack party:

But, Bitcoin remained sober in front of the news.  After having climbed from $5 to $14 over the matter of four months, Bitcoin fell back down to a healthy $10 per Bitcoin.  It began its climb back north, and now currently rests just under $12.

 

email signup

 

 

 

from → Bitcoin, Headlines

  • 8Ball

    MF Global = Bitcoin

    If you put your trust in this you will wake up one day with an empty account…

    Do some research. One of the BC developers has already said that they are “working with the government” to provide them access to all BC activity.

    “If you do not own it (physically possess something) it is not yours…”

  • Gabe

    Yeah is that bitinstant that now works with the govt’? I was gonna do bitinstant if I was infact gonna do Bitcoin, I was gonna do $100 to test it out, but WTF, doesn’t working with the govt negate the idea of BTC?