I’m no expert but...
If tapering was truly in the cards, the dollar would not be sinking vs the yen, seems to me. The prospect of rising rates would be supportive of the US dollar. In general at least.
In addition, Janet Yellen will soon be at the helm. You can be sure she will put the monetary pedal to the metal more than Ben did. And the fx markets know it.
the credit wall behind the yen is collapsing.
0failure’s admin moved to help prop it up using jpmorgan gold.
china stops withdrawals to try and slow the collapse and sure up its currency.
bitcoins will be utilized to move wealth away from the epicenter of the meltdown.
people will need to move out of bitcoins in order to utilize in the real world.
the dollar will be ‘stronger’ in comparison, as it’s not sinking as fast.
expect bitcoin to dollar (or euro) transactions to increase.
this is how i see it. i could be wrong, but i don’t think so.
note the volume on the 26th...