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Is Bitcoin Greatly Rotating Into Bullion?

Tyler Durden's picture


While correlation is not causation, the coincidental timing of the tumble in virtual currencies and the surge in physical (alternative) currencies suggests another great rotation may be occurring... with gold at fresh 3-month highs as Bitcoin presses 3-months lows...



While not surprising, the chart above also shows the massive collapse in Mt.Gox pricing as the world and their virtual pet rabbit run for the exits...


Gold is now up over 12% from the post-Taper lows...


and Silver is exploding higher... up 15.6% now in February alone.


Charts: Bloomberg and Bitcoinwisdom


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Tue, 02/18/2014 - 01:19 | 4447009 PN7
PN7's picture

Mt. Gox is like a "roach motel."  You can put money in, but you can't get anything out.

Mon, 02/17/2014 - 13:15 | 4445056 bcking
bcking's picture

I guess it's a good sign for Bitcoin's future that most people on here are haters. The majority is always wrong. Only a few see the trends coming and even fewer will act upon the emerging trend, instead they always fight the new idea. Typical, but I guess I should thank you idiots for allowing me to buy more Bitcoin for cheap.

Thanks Losers.

Mon, 02/17/2014 - 13:20 | 4445067 WaEver
WaEver's picture

Did you change your identity fonestar ?
Enjoy your cheap bitcoins

Mon, 02/17/2014 - 14:32 | 4445247 bcking
bcking's picture

Kim Jong Un is happy that you love his paper rectangles with pictures of dead guys drawn upon them. Enjoy those while I print them over and over and over and you gladly accept them as 'money' with 'value'

Sun, 02/23/2014 - 00:07 | 4467101 Lionhearted
Lionhearted's picture

I don't love or hate it. I don't trust it. If you are using emotions to "invest" your wealth you are in a heap of trouble. This is money, not your favorite football team.

Mon, 02/17/2014 - 15:12 | 4445340 css1971
css1971's picture

And with the Bitcoin Bubble entering the fear/panic and despair deflation stage, any current holders should be dumping bitcoins overboard just as fast as they can.

Got to say I posted this chart at each stage of the bubble, explaining exactly which point we were at. Those of you who failed to sell at the top and make a bundle should be kicking yourselves in the balls as hard as you can.

Those of you who bought at the top and who are still holding, well you are as dumb as a box of rocks and there is really no helping people like you. You just have to run off the cliff with the rest of the herd, don't you.

As much as I understand the limitations of bitcoin and the block chain, I'll maybe pick some up at 90% off sales prices during the despair phase.


Mon, 02/17/2014 - 16:05 | 4445466 bcking
bcking's picture

I think you confused dollars with bitcoin. Good luck with your fiat paper tulips.

Tue, 02/18/2014 - 02:20 | 4447115 aminorex
aminorex's picture

nothing wrong with holding through the dips, if you can't be troubled to trade.  3.5k by August, 17k by April 2015.

Tue, 02/18/2014 - 08:05 | 4447360 sheikurbootie
sheikurbootie's picture

Bitcoin just became worthless.  That was quick!

Tue, 02/18/2014 - 11:41 | 4448095 thorgodofthunder
thorgodofthunder's picture

A big giant Fuck You Sucker! to the shitcoin shitstain Ponzi scheme sucker champion of the world........




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