Which is EURUSD, Which is BTCUSD

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
100 0 0
This chart is for all the people talking about Whales and Bigs being in complete in control of the BTC market in the Bitcoin Talks chatroom. The take away from this simple chart is that there are big and small players in every market. For the past two and a half months, the BTC and EUR have been on the same course against the USD. Their investment return relative to the USD has has been almost indistinguishable. Coincidence?

Unless you are broke, if you are betting against BTC , you are betting on the USD, or vice versa. This is true for the Euro             or any other asset you trade your USD for.
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