Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan...
by azmenthe on Wednesday December 18, 2013 @02:03PM
(#6929741)
That's not really true per se. That's the chart of USD/BTC so the inverse of BTC/USD which has dropped significantly in the past few days so of course the inverse has shown an increase.
For a more accurate picture of the dollar I track the UUP ETF which pegs it's value to the dollars exchange rate over a basket of currencies. (Which btw has been on a steady downtrend in the past 6 months, definitely not doubling everyday)
For a more accurate picture of the dollar I track the UUP ETF which pegs it's value to the dollars exchange rate over a basket of currencies. (Which btw has been on a steady downtrend in the past 6 months, definitely not doubling everyday)
[1]: http://www.invescopowershares.com/products/overview.aspx?tic...