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%?
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%?