Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: pakcoy on October 03, 2018, 07:11:55 AM
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The price of bitcoin has been effected greatly, by the Brexit vote results. Although, this recent drop in the value of bitcoin started just a few days prior to the vote. Isn't Bitcoin supposed to be effected less by all of this political turmoil, by its very nature?
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Correlation doesn't = causation.. I think applies heavily here. Bitcoin's price has been the result of reaching all-time highs and it just being more profitable to short over it being linked to one political event. Even if it somehow microscopically has an effect, I doubt its very long lasting over maybe a few people in a country having to be more careful with their investments.
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am not seeing any effect of brexit on bitcoin as the price is around $650 and at there from a few days, but I think it will have a great effect of halving, only halving is the too to affect bitcoin.