Bitcoin Breaks 100 Usd
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Bitcoin markets dropped sharply in reaction to the data. On BTC-e, the exchange rate between Bitcoin and USD dropped from 124 to a low-cost of 75 in a period of two hours, and on MtGox, the exchange rate dropped from 139 several low of 110 in the same length of time. The exchange rates attended up significantly from their lows around this writing, but have not returned of their former diplomas.
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A exercise on Argentine bank deposits happened in 2001. The natives were understandably restless with the continuing failure and http://www.classifiedadsubmissionservice.com/classifieds/user/profile/68001 health of their government's economic policies. People wanted to leave the Argentine peso for that refuge on the USD. While you might expect, the government froze bank accounts for up to a year and limited customer withdrawals. Recently we had something similar occur in Cyprus when rumors began swirling about deposit confiscation in order to deal with the poor financial state of banks for the reason that country. In similar fashion, the government of that country took measures to limit withdrawals and the rumors became fact. Depositors did throw money away though entitlement to live used was the more euphemistic "tax".
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