Topic: Bitcoin trending in greece! - page 4. (Read 4370 times)

Quote from: Amph on July 06, 2015, 05:00:09 AM

Little late for them now, considering they can only withdraw 60 Euro/day.

Better now than never.. but 60e/day is obviously nothing with capitol controls in plave

The trending was largely on bitcoin mining, so there's still hope despite the austerity measures.

Hopalong

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Quote from: Hopalong on July 06, 2015, 03:50:40 AM

Quote from: Jeremycoin on July 05, 2015, 05:16:49 PM

Little late for them now, considering they can only withdraw 60 Euro/day.

it's not like everyone there is poor now, i'm sure some rich guy are investing in bitcoin with their "money under their pillow" in case the situation will be more critical

They are interested with Bitcoin mining, a bunch of new miners will born.... Cheesy

i believe they know that it isn't profitable, at best they could go with altocin mining, or build their own altcoin Grin

Why would the people with euros under the pillow invest in bitcoin? The euros are just as good as they where a month ago and will be good next month. The greeks problem is not lack of money or worthless money but problem with sirculation of the moneys. Bitcoin would not help them at all.

USD is growing faster now because the economic crisis hit USA first and now they have it under control and the americans are optimitic about the future.

the euro is shit, is losing value against USD, better to invest in something that is near its skyrocketing very soon, than sitting on something that will not go anywhere, and surely investing in something that is gonna explode in the next few days will help them a lot...

bitcoin right now look less and less risky than any other asset

Quote from: Hopalong on July 06, 2015, 04:54:17 AM

Quote from: bryant.coleman on July 06, 2015, 04:21:40 AM

Quote from: Hopalong on July 06, 2015, 03:50:40 AM

Totally agree with that. If you have cash in Euros on you, just keep it. No point gambling it for Bitcoins. If, however they will go back to Drachmas, it will devalue immediately as the government will need to inflate it by issuing new money to repay debts and pay people. Then it might be worth to change into Bitcoins to retain some value and avoid -at least initial/sudden- inflation and loss of value. Tough situation anyway.

Indications are that Greece will be shifting to a dual-currency system, where both the Euro and the Drachma will be permitted. Those who have their money in the form of Euro banknotes have nothing to worry. However, all the new government payments (such as child benefit, pensions.etc) will be paid out in the form of Drachma.

And those stuck with Drachma cant buy bitcoin since noone will sell BTC for a useless currency....

that's why they need to buy it now and not waiting when they will be kicked out from the euro

Amph

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Quote from: Jeremycoin on July 05, 2015, 05:16:49 PM

Little late for them now, considering they can only withdraw 60 Euro/day.

it's not like everyone there is poor now, i'm sure some rich guy are investing in bitcoin with their "money under their pillow" in case the situation will be more critical

They are interested with Bitcoin mining, a bunch of new miners will born.... Cheesy

i believe they know that it isn't profitable, at best they could go with altocin mining, or build their own altcoin Grin

Why would the people with euros under the pillow invest in bitcoin? The euros are just as good as they where a month ago and will be good next month. The greeks problem is not lack of money or worthless money but problem with sirculation of the moneys. Bitcoin would not help them at all.

the euro is shit, is losing value against USD, better to invest in something that is near its skyrocketing very soon, than sitting on something that will not go anywhere, and surely investing in something that is gonna explode in the next few days will help them a lot...

bitcoin right now look less and less risky than any other asset

Quote from: Hopalong on July 06, 2015, 04:54:17 AM

Quote from: bryant.coleman on July 06, 2015, 04:21:40 AM

Quote from: bryant.coleman on July 06, 2015, 04:21:40 AM

Totally agree with that. If you have cash in Euros on you, just keep it. No point gambling it for Bitcoins. If, however they will go back to Drachmas, it will devalue immediately as the government will need to inflate it by issuing new money to repay debts and pay people. Then it might be worth to change into Bitcoins to retain some value and avoid -at least initial/sudden- inflation and loss of value. Tough situation anyway.

Indications are that Greece will be shifting to a dual-currency system, where both the Euro and the Drachma will be permitted. Those who have their money in the form of Euro banknotes have nothing to worry. However, all the new government payments (such as child benefit, pensions.etc) will be paid out in the form of Drachma.

And those stuck with Drachma cant buy bitcoin since noone will sell BTC for a useless currency....

that's why they need to buy it now and not waiting when they will be kicked out from the euro

Hopalong

member

Activity: 112

Merit: 10

Totally agree with that. If you have cash in Euros on you, just keep it. No point gambling it for Bitcoins. If, however they will go back to Drachmas, it will devalue immediately as the government will need to inflate it by issuing new money to repay debts and pay people. Then it might be worth to change into Bitcoins to retain some value and avoid -at least initial/sudden- inflation and loss of value. Tough situation anyway.

Indications are that Greece will be shifting to a dual-currency system, where both the Euro and the Drachma will be permitted. Those who have their money in the form of Euro banknotes have nothing to worry. However, all the new government payments (such as child benefit, pensions.etc) will be paid out in the form of Drachma.

And those stuck with Drachma cant buy bitcoin since noone will sell BTC for a useless currency....

thebigtalk

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Bitcoin and co.

I'm not sure if Greece will rely on bitcoin or even invest with bitcoin. Sure bitcoin prices gets affected by the Greece crisis but I'm pretty sure people in that country do have a little to no knowledge on what bitcoin is and how it works.

bryant.coleman

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Quote from: Hopalong on July 06, 2015, 03:50:40 AM

Totally agree with that. If you have cash in Euros on you, just keep it. No point gambling it for Bitcoins. If, however they will go back to Drachmas, it will devalue immediately as the government will need to inflate it by issuing new money to repay debts and pay people. Then it might be worth to change into Bitcoins to retain some value and avoid -at least initial/sudden- inflation and loss of value. Tough situation anyway.

Indications are that Greece will be shifting to a dual-currency system, where both the Euro and the Drachma will be permitted. Those who have their money in the form of Euro banknotes have nothing to worry. However, all the new government payments (such as child benefit, pensions.etc) will be paid out in the form of Drachma.

Borisz

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Quote from: Jeremycoin on July 05, 2015, 05:16:49 PM

Little late for them now, considering they can only withdraw 60 Euro/day.

it's not like everyone there is poor now, i'm sure some rich guy are investing in bitcoin with their "money under their pillow" in case the situation will be more critical

They are interested with Bitcoin mining, a bunch of new miners will born.... Cheesy

i believe they know that it isn't profitable, at best they could go with altocin mining, or build their own altcoin Grin

Why would the people with euros under the pillow invest in bitcoin? The euros are just as good as they where a month ago and will be good next month. The greeks problem is not lack of money or worthless money but problem with sirculation of the moneys. Bitcoin would not help them at all.

Totally agree with that. If you have cash in Euros on you, just keep it. No point gambling it for Bitcoins. If, however they will go back to Drachmas, it will devalue immediately as the government will need to inflate it by issuing new money to repay debts and pay people. Then it might be worth to change into Bitcoins to retain some value and avoid -at least initial/sudden- inflation and loss of value. Tough situation anyway.

Daniel91

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Quote from: pedrog on July 05, 2015, 03:17:32 PM

Little late for them now, considering they can only withdraw 60 Euro/day.

They can earn bitcoin by accepting it as a payment method.

They get a lot of tourists, people don't carry much cash around with them, bitcoin might be the alternative.

Right now, I don't think that bitcoin can help them much.
Because of the political crisis and uncertainty tourists already giving up from Greece.
And how many of these tourists even used bitcoin or knows something about it?
While the situation in Greece is not resolved, any alternative payment methods will not help them much.

Hopalong

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Quote from: Jeremycoin on July 05, 2015, 05:16:49 PM

Little late for them now, considering they can only withdraw 60 Euro/day.

it's not like everyone there is poor now, i'm sure some rich guy are investing in bitcoin with their "money under their pillow" in case the situation will be more critical

They are interested with Bitcoin mining, a bunch of new miners will born.... Cheesy

i believe they know that it isn't profitable, at best they could go with altocin mining, or build their own altcoin Grin

Why would the people with euros under the pillow invest in bitcoin? The euros are just as good as they where a month ago and will be good next month. The greeks problem is not lack of money or worthless money but problem with sirculation of the moneys. Bitcoin would not help them at all.

Borisz

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Activity: 476

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Quote from: Jeremycoin on July 05, 2015, 05:16:49 PM

Little late for them now, considering they can only withdraw 60 Euro/day.

it's not like everyone there is poor now, i'm sure some rich guy are investing in bitcoin with their "money under their pillow" in case the situation will be more critical

They are interested with Bitcoin mining, a bunch of new miners will born.... Cheesy

i believe they know thta it isn't profitable, at best they could go with altocin mining, or build their own altcoin Grin

I think people who expected or simply knew that this would happen, have long moved their funds elsehere. It would be interesting to see where the top richest greeks and politicians keep their money....

Amph

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