"Attackers wait until the price of Bitcoins reaches a certain value, sell, destabilize the exchange, wait for everybody to panic-sell their Bitcoins, wait for the price to drop to a certain amount, then stop the attack and start buying as much as they can, " according to the exchange.
WSJ: Bitcoin Virtual Currency Start Up Gain New Venture Backers
The government has refuted a China Business Times report on Monday of a 30% gas price hike that triggered nationwide panic buying and long queues for fuel, says Southern Metropolis Daily.
If such panic occurs, there is room for the price of gold and silver to go even lower.
FORBES: World Events Tell Us That Gold And Silver Have Lower To Go
They cause asset "bubbles" when they move in massively and asset price destruction when they exit in panic.
Traders returned to panic mode on Tuesday in response to the rising price of oil and the growing uncertainty in what is now being referred to as MENA (Middle East, North Africa).
FORBES: First There Were PIIGS to Worry Over, Now We Have MENA
The share price of DT recently dipped below the 2009 panic lows.
This week, as banks and other big investors were panic selling, his customers were taking advantage of the price dip to buy more.
FORBES: Why Are Small Investors Still Buying Gold? A Psychology Lesson
So even if controls on capital outflows can buy time in a short-term panic, it is time bought at a high longer-term price.
You might also have seen the recent panic over the severe drought in the US and its effect on the price of corn, wheat and other key commodities.
As a direct consequence, the price for a barrel of the black goo has reached a level last seen before the panic spike in 2008.
It is not likely that housing prices will return to the bizarre price escalation we saw in the period from 2004 to 2008 when there was a buying panic.
FORBES: Home Prices Poised To Move Higher As Fear of Losses Has Dissipated
What Southeast Asian nations and others that may get swept up in the panic must recognize is this: A temporary tightening of credit to defend a currency is infinitely less costly than the price paid for devaluation.
应用推荐