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RE: Happy Halving! Meanwhile, in the rest of the world, "Deutsche Bank is Coming Unglued"
The contagion will roll in like a Tsunami ...
It's gotta get a lot worse, before it gets better
http://www.zerohedge.com/news/2016-07-09/deutsche-bank-gives-we-cant-think-time-sp-was-more-disjointed-everything
http://www.zerohedge.com/news/2016-06-29/imf-deutsche-bank-poses-greatest-risk-global-financial-system
http://www.zerohedge.com/news/2016-07-06/furious-italian-prime-minister-slams-deutsche-bank-europes-most-insolvent-bank
Whether it's this or something else, eventually a turn down is coming of magnitude. During the Great Recession, there was no bitcoin option. The question is, how much, if any, (given the relatively small trade volume and market cap) does bitcoin absorb capital as it takes flight from legacy financial markets? Certainly, China's capital flight has had a positive impact on bitcoin, and is a cause of the recent run up, but has it had the kind of Trillion $+ run up that everyone was talking about? I think not, or at least not yet. Also, nice to see another ZHer on here!