Topic: Big European disruption coming will help BTC reach $6000+ soon - page 2. (Read 946 times)

If there is smelling of war on the world hot money goes to non-risky assets like gold,silver,oil. Noone is going to mind bitcoin as safe investment.Maybe profit will be much more higher but priority is safety of funds.

It came from the following article:

https://www.bloomberg.com/news/articles/2017-10-01/rajoy-says-catalan-ballot-is-void-defending-police-crackdown

October 6th is the anniversary of the time 83 years ago when Catalan last tried to declare independence.

I think they planned the referendum for Oct 1st so they could declare independence on Oct 6th for that anniversary.

Catalonia trying to break away is much lower in magnitude compared to Brexit. Even Brexit didn't cause a bull run in Bitcoin. So I don't know why this disruption (if at all it happens) should help Bitcoin reach $6000+.

Yes, I'm curious to see the coming developments in Spain/Catalonia and the effects on BTC. Wouldn't be surprised if we see prices way past $10K within a year as the Catalonian referendum is just part of the cracks we currently see in the EU; the UK already withdrew and the massive inflow of immigrants causes significant friction within the EU. Oh, and not to forget the laughable interest rates for savings most banks currently have. All in all a 'fertile' environment for crypto.

do you have any references about this news mate because i really love to read if there's such things to come maybe buying some btc
by now would be a great options before everything will jumped high and make things into double, to OP thanks for sharing i will
keep my btc and buy some more.

They have hinted that they are going to declare independence this Friday (Oct 6th). Unless Spain makes some concessions, there is a real possibility that they'll do it.

Very Nice to hear that... lets wait and see

There's more than 100 countries including Russia, China, Spain, Rumania, India and a ton more that don't recognize Kosovo as a state because it was unilaterally decided. Not to mention Kosovo nowadays is a mess of unemployment, you can't say they have improved anything to my knowledge.

In most cases the countries are beter off together. Kosovo was a warzone at some point, this is a very different situation, if you compare these two you need to study some history.

I only said that this will help make the price pumpish along with other stronger facts like the fact that we are coming from a Chinese + JP Morgan fud campaign and we survived.

Segwit2x hardforkers are the biggest enemy of Bitcoin right now in our way to $10,000 next year.

But they all supported the independence of Kosovo 9yrs back? And they're saying that situation with Kosovo and with Catalonia aren't the same? It's ridiculous...

so predicting the $6k price? would be nice. Tho, I don't really think we'll see that price anytime soon and if it get's there till the end of oct, will there be a correction after and the second correction after the nov split?

Im not sure, i guess we will find out the come rather soon, but as you said, nobody would support this so called republic, and Spain constitution includes the ability to stop this legally but putting the president of Catalonia in prison if needed. They knew this was coming. Now Euro has a big problem with this mess, but we the holders of the neutral global asset profit as it goes up.

If it escalates into more and more trouble, I can see people getting scared of bailouts and putting money into BTC. Some already learned the lesson from the past. Remember Cyprus.

If there is a crackdown against separatists in Spain, this can create shockwaves across Europe, which will bring the euro down, so yes bitcoin can rise faster to a new ATH.

However, even without that it will reach $6000 sooner or later, this event will only hastens it. I think that without such events the market will be on sidelines until January, even with the forks, as forks are now old news and dont cause the FUD as they had before August.

i think bitcoin's price will still reach 6000 usd, even without the disruption in europe, however, there might be some truth to this, since there is also another country that had experienced this, just take a look at zimbabwe, their fiat has lost all its value, and you can easily become a millionaire there, however, the value of your fiat money, will just be considered less than a dollar. zimbabwe has its own exchange, and i believe the price of bitcoin there is already at 7000 usd, if this had happened to zimbabwe, it can also happen to other countries, and this time european countries might follow zimbabwe as well, since their euro is going down, they will surely think up of ways on how they can survive, the only thing that they haven't done yet is to make bitcoin their country's currency, if they would follow what  dubai will be doing, there might be a chance for them to get back up on their feet, since bitcoin will give them hope, however, if this does happen, we need to be cautious still, since  a lot of european countries right now are losing the value of their fiat, there might be a cryptocurrency war, not just a competition, however i see it far from happening, since those ountries will need to adapt. let us all just wait and see what will happen to the EU, after spain's crisis.

I do not think that the situation in Spain will elevate to such a level that it has a large impact on the price of the euro to the extent that people begin to hold btc instead of the euro, in fact I do not think most people see btc as an alternative to other currencies, they see it completely differently.

I do not believe that the Catalans will have the opportunity to break away from Spain. Now the world's a lot of populism which causes stupid people to make the same stupid actions. Perhaps the Euro will experience temporary difficulties but it does not mean that people will start to buy bitcoins. I think that events in Spain will not affect the cryptocurrency market.

Do you really believe that Catalonia will create an independent country?
Nobody supports this referendum,EU countries,USA the european central bank.
The people from Catalonia are going to make a huge mistake and i think that they aren`t that stupid.
There is some short term impact over the euro,but i don`t think that spanians or other people in Europe are buying bitcoins with euro.

HODLING since 2014 brother. We need to hold our coins until at least after the next halving. Plenty of room for the price to go up.

Due illegal Catalan referendum by independentists trying to secede from Spain, this will cause a lot of disruption that will spread across Europe. The Euro is already falling while BTC had a nice bull run.

Once again, the global neutral asset shows to be the place to be. You can't lose in Bitcoin, just hold and you shall be rewarded.

$6000 is coming, don't lose your cheap coins.