[elif]

Coins are up 8.3% on the day, which is strange considering all the bandwagon press universally condemning it.

Some of it is correction, but I think generally more people are starting to treat it as a hedge against general global markets--as a haven like gold.

[bdcravens]

You mean Bitcoin? Probably best to refer to it unambiguously.

[elif]

I was being intentionally coy to avoid replies from people not interested in what i was actually saying, but in bitcoin flamewars.

[brainflake]

Totally. Investors are probably just moving to gold & treasury bonds as safer assets in anticipation of a global slowdown.