the price rise clearly shows the Greeks showing interest in bitcoin and the news also makes others buy bitcoin too because they don't want to lose this opportunity for profiting.
also i have heard that exchangers are reporting that they are getting increasing requests from Greece on their website and also there are a lot of question asked by greeks on how to buy bitcoin.
Topic: Bitcoin trending in greece! - page 3. (Read 4382 times)
Little late for them now, considering they can only withdraw 60 Euro/day.
not with ebanking. With ebanking is unlimited the money that can you transfer to ebank greek account. The lucky in this story is the only one bitcoin exchange in Greece btcgreece.com. I think is the only one here in greece that still sell bitcoins.
Well, lets see what happens.
I know that the banks are closed.. But does that also mean that the online banking system is down?
Because if it was up, I would have bought all the BTC I could with my useless money in the bank.
I know that the banks are closed.. But does that also mean that the online banking system is down?
Because if it was up, I would have bought all the BTC I could with my useless money in the bank.
AFAIK electronic banking is available but with limits.
They don't want money leaving the country so sending money to another country is not possible unless for business and you need to prove that.
So I don't think the Greeks are able to do what you are saying.
I think there was a Greek exchange where you could exchange Euros to BTC within the country. And as it is a Greek business, its money transfer within the country hence only fewer limits apply.
I think the site was www.btcgreece.com
The ATM's are running dry, and they are not being filled again. The local debit and credit card payments are temporarily frozen and they have limits on the daily withdrawal from banks.
People are desperate to get their hands on their own money, how ironic is that? This will never happen with Bitcoin, because you have full control over your private keys. It's a bloody mess ^hmf^
People are desperate to get their hands on their own money, how ironic is that? This will never happen with Bitcoin, because you have full control over your private keys. It's a bloody mess ^hmf^
Well, lets see what happens.
I know that the banks are closed.. But does that also mean that the online banking system is down?
Because if it was up, I would have bought all the BTC I could with my useless money in the bank.
I know that the banks are closed.. But does that also mean that the online banking system is down?
Because if it was up, I would have bought all the BTC I could with my useless money in the bank.
AFAIK electronic banking is available but with limits.
They don't want money leaving the country so sending money to another country is not possible unless for business and you need to prove that.
So I don't think the Greeks are able to do what you are saying.
if I were a citizen greek, I also would have sought alternative solutions to the problem of the banks and that can cause you discomfort, have their money stuck without possibility 'of use.
Maybe now they understand better the concept of decentralization, and "be your own bank"
Maybe now they understand better the concept of decentralization, and "be your own bank"
Well, lets see what happens.
I know that the banks are closed.. But does that also mean that the online banking system is down?
Because if it was up, I would have bought all the BTC I could with my useless money in the bank.
I know that the banks are closed.. But does that also mean that the online banking system is down?
Because if it was up, I would have bought all the BTC I could with my useless money in the bank.
Though there is a big rise on Greek Google search, it is a little effect on Bitcoin price.
because greece are not actually buying bitcoin, the last price increase is build only on the top of their hype, none with a family in greece is buying anything
minus some random rich person
Greeks not paying TAX is on of the main contributions to todays situation... 
For this to happen, Greece would have to declare a VAT free environment for Bitcoin businesses. {This will create a Bitcoin friendly environment, which would attract Bitcoin business from other countries, to relocate to Greece}
A country which is in debt beyond measure should declare bitcoin businesses as VAT free? It may be an appealing opportunity for bitcoin, however I doubt this would be the right course of action for the country. Probably even normal businesses would convert -on paper- to bitcoin business to avoid taxation. People find loopholes with these things, that's the problem. Also, Greece as a country, probably wants as a last thing for its people send money abroad to buy a virtual currency.
And btw, everybody is saying "decentralized currency", yet waiting for (centralized) governments to apply measures to make it grow and successful. This is a bit ironic.
The only way Bitcoin can help Greece, is if it can stimulate innovation and access to a global micro payment options. It has to create job opportunities for the many unemployed people there, and this will stimulate the economy again. {New global capital coming in}
For this to happen, Greece would have to declare a VAT free environment for Bitcoin businesses. {This will create a Bitcoin friendly environment, which would attract Bitcoin business from other countries, to relocate to Greece}
Hiding what is left of their money in Bitcoin is a short term remedy, but they would still need to convert it back to Euro's or Drachma or whatever currency they choose to accept.
For this to happen, Greece would have to declare a VAT free environment for Bitcoin businesses. {This will create a Bitcoin friendly environment, which would attract Bitcoin business from other countries, to relocate to Greece}
Hiding what is left of their money in Bitcoin is a short term remedy, but they would still need to convert it back to Euro's or Drachma or whatever currency they choose to accept.
Though there is a big rise on Greek Google search, it is a little effect on Bitcoin price.
Bitcoin increased by 400% in the past 2 months I read. Because Pypal is no longer available, and Greeks gotta use some kind of payment to pay online. This is going to help bitcoin over all.
Not just that. The current financial crisis in Greece helped bitcoin because people are excited about Greeks going to use bitcoin as an alternative so they bought large sums of coins for future reference.
Well lets hope the coming crisis in china will make bitcoin blow up, from what it looks like the crisis in Greece would look like a tiny cloudy day from what if beginning to happen in china http://money.cnn.com/2015/07/06/investing/stocks-market-china-greece/index.html?iid=hp-toplead-dom
since the bitcoin price has an upward motion, it only needs another push like china entering it with a lot of investors, and then the price would skyrocket.
Bitcoin increased by 400% in the past 2 months I read. Because Pypal is no longer available, and Greeks gotta use some kind of payment to pay online. This is going to help bitcoin over all.
Not just that. The current financial crisis in Greece helped bitcoin because people are excited about Greeks going to use bitcoin as an alternative so they bought large sums of coins for future reference.
Well lets hope the coming crisis in china will make bitcoin blow up, from what it looks like the crisis in Greece would look like a tiny cloudy day from what if beginning to happen in china http://money.cnn.com/2015/07/06/investing/stocks-market-china-greece/index.html?iid=hp-toplead-dom
Bitcoin increased by 400% in the past 2 months I read. Because Pypal is no longer available, and Greeks gotta use some kind of payment to pay online. This is going to help bitcoin over all.
Not just that. The current financial crisis in Greece helped bitcoin because people are excited about Greeks going to use bitcoin as an alternative so they bought large sums of coins for future reference.
Bitcoin increased by 400% in the past 2 months I read. Because Pypal is no longer available, and Greeks gotta use some kind of payment to pay online. This is going to help bitcoin over all.
And those stuck with Drachma cant buy bitcoin since noone will sell BTC for a useless currency....
The Drachma will be having some value, as Greece exports billions of USD worth of agricultural produce, medicines and metals every year. But the initial exchange rates will be highly unstable, and it will be a very tough task for the Greek central bank to stabilize the exchange rates (that is, if they have the resources to do so).
Greece has a big trade deficit: http://www.tradingeconomics.com/greece/balance-of-trade
And those stuck with Drachma cant buy bitcoin since noone will sell BTC for a useless currency....
The Drachma will be having some value, as Greece exports billions of USD worth of agricultural produce, medicines and metals every year. But the initial exchange rates will be highly unstable, and it will be a very tough task for the Greek central bank to stabilize the exchange rates (that is, if they have the resources to do so).
Yes, most likely it will be inflated initially. The government will have to issue new money to pay debts, government employees (a large percent) and so on. Though, this should be limited by the EU in some way as well. However, if they don't change something in their economy eventually, who know where their inflation will stop.
And those stuck with Drachma cant buy bitcoin since noone will sell BTC for a useless currency....
The Drachma will be having some value, as Greece exports billions of USD worth of agricultural produce, medicines and metals every year. But the initial exchange rates will be highly unstable, and it will be a very tough task for the Greek central bank to stabilize the exchange rates (that is, if they have the resources to do so).
Little late for them now, considering they can only withdraw 60 Euro/day.
It's better than nothing. 60 x 30 = 1800 eur monthly. They don't know for how long the capital control situation, and they dont know if there will be mega haircuts in the future. Better be safe and sorry and get at least half of your wealth out of there.
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