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Topic: Brexit and Bitcoin (Read 2509 times)

sr. member
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June 24, 2016, 06:03:23 PM
#57
I was very happy to see that the Brexit pumped the price up quite a lot after a horrible dump the last few days. Go the people of GB Cheesy
its nice to see that the price went up to be honest though it is a bad thing that brexit happened in my opinion

i think that the price of the bitcoin will increase even more because of brexit, lets hope well make money
hero member
Activity: 966
Merit: 507
June 24, 2016, 05:25:18 PM
#56
Actually I have never observed a direct correlation between fundamental information and bitcoin behavior. Bitcoin follows its own dynamics and perhaps that is the main reason to understand why bitcoin experts don't use to opine about these issues.
hero member
Activity: 490
Merit: 520
June 24, 2016, 04:30:13 PM
#55
I was very happy to see that the Brexit pumped the price up quite a lot after a horrible dump the last few days. Go the people of GB Cheesy

The price didn't rise because of brexit... that dump yesterday came out of nowhere and it was clearly manipulated
Maybe it wasn't entirely manipulated, it could very well have been some large holder selling their Bitcoin and wanting to drive down the price for one reason or another, and some other holders also dipped and the value went down far more than expected.

I'm not saying that it wasn't manipulated, and it could have very well been manipulated, but we can't always jump to conclusions.
legendary
Activity: 1358
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June 24, 2016, 04:23:49 PM
#54
I was very happy to see that the Brexit pumped the price up quite a lot after a horrible dump the last few days. Go the people of GB Cheesy

The price didn't rise because of brexit... that dump yesterday came out of nowhere and it was clearly manipulated
i think that brexit will soon have a huge impact on bitcoin price because the price of the bitcoin will surely depend on it as a lot of people from britain will start growing a lot

i think that we just have to wait, maybe there will be no brexit, government can just ignore the results of the referendum, i think that nearly anything might happen right now


Maybe there will be no brexit? We here don't live in some country where the government can forget what the majority have voted for.

I've heard some crazy things but that takes the biscuit.
sr. member
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June 24, 2016, 02:57:08 PM
#53
I was very happy to see that the Brexit pumped the price up quite a lot after a horrible dump the last few days. Go the people of GB Cheesy

The price didn't rise because of brexit... that dump yesterday came out of nowhere and it was clearly manipulated
i think that brexit will soon have a huge impact on bitcoin price because the price of the bitcoin will surely depend on it as a lot of people from britain will start growing a lot

i think that we just have to wait, maybe there will be no brexit, government can just ignore the results of the referendum, i think that nearly anything might happen right now
newbie
Activity: 14
Merit: 0
June 24, 2016, 02:45:29 PM
#52
^
You're the one who posted those whiny "sensitive old douche who shops at pricey hipster boutiques to look like a bum" lyrics? The sort of shit unpopular teens with daddy issues think is super deep, so everyone should totally listen to it and discuss?
And a utoob link? To Rickroll me, presumably?


The lyrice are Elvis Costello. Its called Art.
Nah, it's called shit. A whiny aging hipster being a whiny aging hipster.
I've made better music with my asshole.
legendary
Activity: 1330
Merit: 1000
dafar consulting
June 24, 2016, 02:38:02 PM
#51
I was very happy to see that the Brexit pumped the price up quite a lot after a horrible dump the last few days. Go the people of GB Cheesy

The price didn't rise because of brexit... that dump yesterday came out of nowhere and it was clearly manipulated
hero member
Activity: 770
Merit: 500
June 24, 2016, 02:27:21 PM
#50
^
You're the one who posted those whiny "sensitive old douche who shops at pricey hipster boutiques to look like a bum" lyrics? The sort of shit unpopular teens with daddy issues think is super deep, so everyone should totally listen to it and discuss?
And a utoob link? To Rickroll me, presumably?


The lyrics are Elvis Costello. Its called Art. You don't have to "totally" (LOL) listen to it if you'd prefer not to, much less try to understand it, but you could at least not disparage me for introducing you to it.

Listen sunshine, I've done shits bigger than you. My advice - get out and get drunk and get laid, like I was doing when I was your age. Its Friday night. You're spending too much time in front of your screen for one so young.

But don't, whatever you do, come on here being all compassionate for JPM. It won't end well.
newbie
Activity: 14
Merit: 0
June 24, 2016, 02:21:46 PM
#49

And I'm meant to mourn the fact that JPM are downscaling in the UK ?

a) thanks for your loyalty JPM

b) have you any idea the amount of suffering/impoverishment/unemployment/havoc that JPM and their ilk wreak upon this world ?

Exactly this - bravo!

Because suffering will stop if they take their business elsewhere? I'm also pretty sure you can't name any of "suffering/impoverishment/unemployment/havoc that JPM and their ilk wreak upon this world" without Googling.
hero member
Activity: 847
Merit: 500
June 24, 2016, 02:12:22 PM
#48
This is great new for BTC in the short run. Long run, could be unstable
hero member
Activity: 1438
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Always ask questions. #StandWithHongKong
June 24, 2016, 02:11:09 PM
#47

And I'm meant to mourn the fact that JPM are downscaling in the UK ?

a) thanks for your loyalty JPM

b) have you any idea the amount of suffering/impoverishment/unemployment/havoc that JPM and their ilk wreak upon this world ?

Let them relocate to some other compliant tax friendly state - how about Antigua ?

Good riddance.


Exactly this - bravo!
legendary
Activity: 1904
Merit: 1074
June 24, 2016, 01:56:35 PM
#46
I guess the lower Pound and the higher Bitcoin price equal out for the UK members in the Bitcoin world. I think to a lesser degree this will be the same for many other countries who have been affected

by this too... You do not have to be in the EU to feel the ripple affect of this Brexit. I doubt if non-Bitcoin members would have shifted to Bitcoin... It might be existing Bitcoin users with fiat holdings?

In any way, this correction before the Halving would just be the injection we needed for the price to rise above $1000.  Grin Grin Grin  
newbie
Activity: 14
Merit: 0
June 24, 2016, 01:51:02 PM
#45
^
You're the one who posted those whiny "sensitive old douche who shops at pricey hipster boutiques to look like a bum" lyrics? The sort of shit unpopular teens with daddy issues think is super deep, so everyone should totally listen to it and discuss?
And a utoob link? To Rickroll me, presumably?

Yeah, it's the speculation sub of a bitcoin forum. Where we money changers try to stack that gubermint scrip toilet paper.
hero member
Activity: 770
Merit: 500
June 24, 2016, 01:33:20 PM
#44

JP Morgan may cut up to 4,000 alone. Do "you" know what does mean 4000 people? at least others 15,000-20,000 will suffer.; and these numbers are only for one corporation.


LOL - this is a bitcoin forum isn't it ?

And I'm meant to mourn the fact that JPM are downscaling in the UK ?

a) thanks for your loyalty JPM

b) have you any idea the amount of suffering/impoverishment/unemployment/havoc that JPM and their ilk wreak upon this world ?

Let them relocate to some other compliant tax friendly state - how about Antigua ?

Good riddance.

Sorry for the job losses in shipbuilding, but no-one mourned much when the real producing industries in this country were decimated (coal ? steel? ) so why the fuck should I care that those that cream off a profit by producing nothing but debt are on their way out ?

hero member
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June 24, 2016, 01:28:06 PM
#43
First I'm not an expert, but I followed situation about BReXIT and I can say that I'm glad that they are finally out. Big question is what will EU do now, and as I know they have some meeting soon to make deals for future.
Britain have several choices now, to become something like Switzerland, Norway or Island? In any case they will need to renew many contracts with EU, like this countries already have. It will be interesting to see first what will EU do about this, and after how British will set up new laws.
BReXIT made a little chaos,  cause of that gold went up and btc also. But this is only a beginning, we need to wait and see what will happen now.
legendary
Activity: 2590
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Leading Crypto Sports Betting & Casino Platform
June 24, 2016, 01:27:30 PM
#42
I was very happy to see that the Brexit pumped the price up quite a lot after a horrible dump the last few days. Go the people of GB Cheesy

i also like others, don't think that it was brexit, i think someone dumped causing panic dumb, perhaps because of bitfinex or other bad news, and then he bought again causing panic buy, and he bought at much cheaper rate, it was manipulation for me, everything lead to manipulation with bitcoin
legendary
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#1 VIP Crypto Casino
June 24, 2016, 01:13:33 PM
#41
I was very happy to see that the Brexit pumped the price up quite a lot after a horrible dump the last few days. Go the people of GB Cheesy
legendary
Activity: 1470
Merit: 1004
June 24, 2016, 01:09:45 PM
#40
JP Morgan has said that there's a fair chance it will have to relocate a fair amount of its UK operations to the EU in the event of a leave vote.

Oh golly - please don't go  Grin
You know that means people's jobs, right?  

don't bother. there are too many brain drained here. they think "anti system"/libertarian shit but they don't know THEY are the system. they have fancy phones, cars, bank accounts, houses, loans, money(and they want MORE) but they are "anti system" Smiley

MANY families will suffer because of the banks/corporations` leaving UK. Good or bad, the people had a place to work and to get a wage....

JP Morgan may cut up to 4,000 alone. Do "you" know what does mean 4000 people? at least others 15,000-20,000 will suffer.; and these numbers are only for one corporation.

Airbus, which employs 15,000 may cut at least 10,000 the jobs (that means at least 30,000 others will suffer) from UK because they will relocate the manufacture of aircraft wings and restructuring the design team.

Car manufacturers will cut jobs too because it's useless to make cars in a country where you won't have any advantage; they will relocate in EU.

Same with the tech companies and their investments of billions of pounds. They will all gone.
hero member
Activity: 770
Merit: 500
June 24, 2016, 12:52:07 PM
#39
JP Morgan has said that there's a fair chance it will have to relocate a fair amount of its UK operations to the EU in the event of a leave vote.

Oh golly - please don't go  Grin
You know that means people's jobs, right?  

Reminds me of that song Shipbuilding.

Can't have it all ways I'm afraid.

"Is it worth it?
A new winter coat and shoes for the wife
And a bicycle on the boy's birthday
It's just a rumour that was spread around town
By the women and children
Soon we'll be shipbuilding
Well, I ask you
The boy said "dad, they're going to take me to task
But I'll be back by Christmas"
It's just a rumour that was spread around town
Somebody said that someone got filled in
For saying that people get killed in
The result of this shipbuilding
With all the will in the world
Diving for dear life
When we could be diving for pearls
It's just a rumour that was spread around town
A telegram or a picture postcard
Within weeks they'll be re-opening the shipyards
And notifying the next of kin
Once again
It's all we're skilled in
We will be shipbuilding
With all the will in the world
Diving for dear life
When we could be diving for pearls

It's all we're skilled in
We will be shipbuilding
With all the will in the world
Diving for dear life
When we could be diving for pearls
"

For those that don't know a reference to the taskforce that was sent to the Falklands in the early 80's by the UK.
newbie
Activity: 14
Merit: 0
June 24, 2016, 12:21:25 PM
#38
JP Morgan has said that there's a fair chance it will have to relocate a fair amount of its UK operations to the EU in the event of a leave vote.

Oh golly - please don't go  Grin
You know that means people's jobs, right? 
legendary
Activity: 1288
Merit: 1087
June 24, 2016, 12:18:51 PM
#37
Hot damn. Looks like I'm gonna be out of a job soon. I REALLY wasn't expecting them to deliver this result. I wonder if the government's gonna try and wriggle out of it or try to come to some type of acceptable compromise and remain. Don't sound like the eu is feeling too forgiving right now.
hero member
Activity: 770
Merit: 500
June 24, 2016, 12:10:06 PM
#36
Brexit and Bitcoin ?

The Bank of England has just decided to pump an extra £250 billion into the banks - to keep things ticking over, so to speak. I'd like to say the banks are getting it for free - but of course they are not getting it for free - the people of the UK will pay for it.

This is the case for Bitcoin.

Wait didnt the brit just vote against banks, elitism and the establisment? With the effect that exactly that group getting 250 billion now? ....

....

....

....

Yeah - kind of. At least its heartening to know that JP Morgan has said that there's a fair chance it will have to relocate a fair amount of its UK operations to the EU in the event of a leave vote.

Oh golly - please don't go  Grin

Tell you what, fuck off, and take the rest of em with you.

The UK might well be worse off short term - but this is an opportunity to put this country on an even keel again - and take back some control.
legendary
Activity: 2464
Merit: 1145
June 24, 2016, 11:58:32 AM
#35
Brexit and Bitcoin ?

The Bank of England has just decided to pump an extra £250 billion into the banks - to keep things ticking over, so to speak. I'd like to say the banks are getting it for free - but of course they are not getting it for free - the people of the UK will pay for it.

This is the case for Bitcoin.

Wait didnt the brit just vote against banks, elitism and the establisment? With the effect that exactly that group getting 250 billion now? ....

....

....

....
newbie
Activity: 46
Merit: 0
June 24, 2016, 11:51:32 AM
#34
Brexit and Bitcoin ?

The Bank of England has just decided to pump an extra £250 billion into the banks - to keep things ticking over, so to speak. I'd like to say the banks are getting it for free - but of course they are not getting it for free - the people of the UK will pay for it.

This is the case for Bitcoin.

And that's why the price is going through the roof. Amerifat here, BTC has gone up exactly ... -$20.
I remain cautiously optimistic.
hero member
Activity: 770
Merit: 500
June 24, 2016, 11:46:50 AM
#33
Brexit and Bitcoin ?

The Bank of England has just decided to pump an extra £250 billion into the banks - to keep things ticking over, so to speak. I'd like to say the banks are getting it for free - but of course they are not getting it for free - the people of the UK will pay for it.

This is the case for Bitcoin.
hero member
Activity: 562
Merit: 500
June 24, 2016, 11:38:26 AM
#32
Some believe that all of the uncertainty related to the Brexit played a big role in bitcoin’s price fluctuation. There’s already chatter about how it has and will continue impact bitcoin’s price.
legendary
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June 24, 2016, 11:21:52 AM
#31
The EU is dead, all the net contributors want to leave just the parasites will remain.

Ive already heard on the radio of a few more eu member states that also wish to follow in britains footsteps and have their own referendum in order to leave. Im not sure how this will leave the eu though, Probably not a good thing all round but who knows, Maybe it will all be for the greater good.
legendary
Activity: 2254
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June 24, 2016, 11:11:12 AM
#30
The EU is dead, all the net contributors want to leave just the parasites will remain.
hero member
Activity: 672
Merit: 500
June 24, 2016, 10:54:19 AM
#29
After pound get down and have heard that it is down to lowest since 1985, so those money from shorting pound may goto another asset in trade which could be any but it seem like gold have already got share of this money, may be bitcoin will be next. I am ready for roller coster ride with seat belt tighten...... Grin

I expect the rate of the GBP to go down even more the next coming year. The British people made a very big mistake by voting against parliament instead of voting against the EU.
With no strong partners it will get hard for them. Especially now even Scotland have decided to abandon the UK and stay in the EU.

This says enough...
newbie
Activity: 46
Merit: 0
June 24, 2016, 10:21:56 AM
#28
After pound get down and have heard that it is down to lowest since 1985, so those money from shorting pound may goto another asset in trade which could be any but it seem like gold have already got share of this money, may be bitcoin will be next. I am ready for roller coster ride with seat belt tighten...... Grin

Isn't shorting £ done mostly with $ or €? You're telling me Forex traders will sell $/€ for BTC?
That makes sense to you?
Buy the rumor, sell the news.
sr. member
Activity: 574
Merit: 250
In XEM we trust
June 24, 2016, 10:20:46 AM
#27
Every strong currency besides euro got a bump in price because of brexit.
legendary
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June 24, 2016, 10:14:08 AM
#26
After pound get down and have heard that it is down to lowest since 1985, so those money from shorting pound may goto another asset in trade which could be any but it seem like gold have already got share of this money, may be bitcoin will be next. I am ready for roller coster ride with seat belt tighten...... Grin
legendary
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Your country may be your worst enemy
June 24, 2016, 10:07:11 AM
#25
Everything's between the € and the £. BTC is in another game, and it's way too small. The sheer amount of £ which has been exchanged today is much larger than BTC's market capitalization.
hero member
Activity: 3164
Merit: 937
June 24, 2016, 09:53:40 AM
#24
when I opened the forum today , I expected to watch a lot of threads talking about ( Brexit ) , and how it will affect Bitcoin , but I didn't watch .
this event has great importance because it affect the financial markets in all the world , the Bitcoin price has increased about 7 per cent after the UK public voted to leave the European Union , and 100 Million Dollar traded in the past 24 hours , on the other hands , the Pound has fallen against the Dollar , while the gold has increased about 4 % .
the Expectations indicate that Bitcoin price will hit 800 and 900 $ after this event , and maybe reach 1000$ .
if you want to know more about this event and how it will affect Bitcoin you can read those articles :
https://www.cryptocoinsnews.com/bitcoin-price-surges-beyond-675-amid-brexit-vote/
http://www.cnbc.com/2016/06/24/bitcoin-spikes-as-yuan-hits-five-and-a-half-year-low-on-brexit.html

Off course UK won`t leave EU immediately after this referendum.UK will leave after 2 years minimum.

This Brexit thing has a short term influence so i don`t think that we should  care about that.

Some people can benefit a lot and get some sweet profits right now. Smiley
legendary
Activity: 4424
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June 24, 2016, 09:50:41 AM
#23
last night the £ bitcoin price was between £430-£450.. now at £480..
this is a great time to have some bitcoins if you need to spend a bit to buy something with pounds. over 10-20% increase in price..
sr. member
Activity: 350
Merit: 250
June 24, 2016, 09:47:29 AM
#22
everyone is doing USD/CNY and EUR/USD.  Grin
but yeah, brexit seens good to bitcoin, we already saw a lil pump and next leg might show up today.
legendary
Activity: 1092
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June 24, 2016, 08:55:29 AM
#21
when I opened the forum today , I expected to watch a lot of threads talking about ( Brexit ) , and how it will affect Bitcoin , but I didn't watch .
...

I also thought that this forum would be discussing the possible pros & cons for Bitcoin/bitcoin in relation to the Brexit,
but it seems like even on days such as this, the Signature Campaigners can't help but bump the mindless crap threads,
so that they may get their daily post limits locked in. They really water down this forum on important days such as this.

Well, looks like I'm off to the next bumped topic now.. ok let me see here "If bitcoin dropped to $1, what you do?".
What I do? Gee.. I'm going to have to think about this one for awhile before I post my response... /s
hero member
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Always ask questions. #StandWithHongKong
June 24, 2016, 08:53:58 AM
#20
I see it as a win for Democracy - congrats to the Brits.

Nobody in Brussels was elected by anyone, they were placed there by Banks & Corporations who's only motive was profit & power. Greece, Spain & other counties in the EU have been milked & enslaved by Brussels to the extent that OAP's had to queue & beg for their pension money in order to buy food, mass unemployment & austerity are trademarks of countries run by Brussels - this is what happens when unelected people with conflicts of imterest are "placed" in a position of power.

As far as Bitcoin v fiat prices are concerned - who cares? They go up, they go down - nothing new there. I see Bitcoin (or digital currency) as a replacement for fiat, not a way to make more fiat. Only those after short term fiat profit are concerned about price, the Bitcoin idea is lost on them.
What are you talking about? The European parliament was elected democratically, you might want to read some more about that: https://en.wikipedia.org/wiki/European_Parliament


Wikipedia.... Cheesy

MEP's in Strasborg are elected. They vote on proposals suggested/put forward by the unelected commitees in Brussels.

The only businesses that will leave the UK & "take their money with them" are the ones that have their accounts offshore & pay zero tax in the UK, thus they contribute nothing. The UK is the fifth largest economy in the world, it will not only survive, it will prosper.
legendary
Activity: 4424
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June 24, 2016, 08:52:30 AM
#19
Brexit is bad for the global economy. The pound will go down, due to less or no support from the EU, though it may climb it's way back up. Global politics is a fucking joke, if you ask me.

I'd say bitcoin will go up.

I was actually quite shocked by the voting results because I thought an Europe without borders was the main reason behind the creation of the European Union and this would have benefited all countries inside the zone economically and culturally and would have made travelling around the countries effortlessly but unfortunately the bad political decisions of the European countries recently really shook the integrity of the EU mainly the refugees problem and the terrorist attacks. I think the UK leaving the EU will be a major setback for everyone doing business in the EU on an international level. Sadly I think we will need now visas before we can enter the UK which is very inconvenient... I don't know if the Brits will start to buy Bitcoin now when the pound has been stable for so long but who knows we may see very interesting things happening this year.

not quite
imagine yesterday. something costing £10 would have cost america $15
but this very morning. something costing £10 would have cost america $13.40 (gain for america, no loss to UK)
this means the UK still get their £10. and now america will want to buy more because its discount day. (UK gain as a side effect due to the 'bulk buy' mindset)
or flipping it the other way. the UK could charge £11(good for UK) and have america still paying $15 (no loss to US, gain for UK)


secondly the argument of "cheaper to make it in china" is getting less cheap. in the long run the imports into the UK will decline and the Exports will increase. which is good.

also imagine walmart wanted to invest $1.5billion yesterday to grow UK retail stores they would get £1bill to play with.. today if they invested $1.5billion, they would get £1.1bill to play with. which means that they can spend more in the UK and do more UK expansion..
hero member
Activity: 1470
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June 24, 2016, 08:51:18 AM
#18
this has been a great 24 hour for me. price has been rising and i have just bought some yesterday when it was low so i am that much more happy.

i just hope this continues and the rise wouldn't be just temporary.
legendary
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June 24, 2016, 08:46:16 AM
#17
I despise politics and don't understand the issues here.  I get that it's big news, but markets tend to overreact to stuff like this all the time.  I'm actually surprised gold and silver haven't exploded.   But I love watching permabulls be wrong. 

Glad bitcoin is up, but I'm not sure how much brexit has to do with it.
hero member
Activity: 826
Merit: 523
June 24, 2016, 08:37:28 AM
#16
The "chosen one" has announced his departure though.

And no, parliament can't say no.

Edit: The BBC is crying like a baby - too funny.
You are right , they can't say no , because they announced recently that they will respect what UK people decide , but this result wasn't expected for them , the result shocked them , as it shocked a lot of European , Germany ,France ....
sr. member
Activity: 350
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Shit, did I leave the stove on?
June 24, 2016, 08:35:47 AM
#15
Brexit is bad for the global economy. The pound will go down, due to less or no support from the EU, though it may climb it's way back up. Global politics is a fucking joke, if you ask me.

I'd say bitcoin will go up.

I was actually quite shocked by the voting results because I thought an Europe without borders was the main reason behind the creation of the European Union and this would have benefited all countries inside the zone economically and culturally and would have made travelling around the countries effortlessly but unfortunately the bad political decisions of the European countries recently really shook the integrity of the EU mainly the refugees problem and the terrorist attacks. I think the UK leaving the EU will be a major setback for everyone doing business in the EU on an international level. Sadly I think we will need now visas before we can enter the UK which is very inconvenient... I don't know if the Brits will start to buy Bitcoin now when the pound has been stable for so long but who knows we may see very interesting things happening this year.
legendary
Activity: 1792
Merit: 1283
June 24, 2016, 08:15:26 AM
#14
I see it as a win for Democracy - congrats to the Brits.

Nobody in Brussels was elected by anyone, they were placed there by Banks & Corporations who's only motive was profit & power. Greece, Spain & other counties in the EU have been milked & enslaved by Brussels to the extent that OAP's had to queue & beg for their pension money in order to buy food, mass unemployment & austerity are trademarks of countries run by Brussels - this is what happens when unelected people with conflicts of imterest are "placed" in a position of power.

As far as Bitcoin v fiat prices are concerned - who cares? They go up, they go down - nothing new there. I see Bitcoin (or digital currency) as a replacement for fiat, not a way to make more fiat. Only those after short term fiat profit are concerned about price, the Bitcoin idea is lost on them.
What are you talking about? The European parliament was elected democratically, you might want to read some more about that: https://en.wikipedia.org/wiki/European_Parliament


legendary
Activity: 1470
Merit: 1004
June 24, 2016, 07:50:25 AM
#13
The "chosen one" has announced his departure though.

And no, parliament can't say no.

Edit: The BBC is crying like a baby - too funny.

well, all the big corporations,banks will leave London(UK) and they will move to other countries from EU. that means huge amounts of money will go out of UK. the taxes that these corporations are paying in UK, will no longer be paid, the impact for UK will be immense. how many people will lose their jobs? A LOT. Only a kid or an idiot would think that this is a good thing. So many families will be affected in UK.

I think Ireland(Dublin) is happy; most of these corporations will migrate to them.
hero member
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Always ask questions. #StandWithHongKong
June 24, 2016, 06:14:33 AM
#12
The "chosen one" has announced his departure though.

And no, parliament can't say no.

Edit: The BBC is crying like a baby - too funny.
hero member
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Bobby Fischer was right
June 24, 2016, 06:11:06 AM
#11
I've said it before in other thread s,  the brexit i wouldn't think would have any effect on bitcoin,  or not from the uk side anyway.  Maybe coming out of the Europe will cause other country's to buy into bitcoin but i doubt it.  Theres still not enough adoption of bitcoin for people to even considor it.  The pound is the lowest its been since 1985 but it's still strong against most other currency's.
That's one aspect of it. You are right. There is more however, referendum may not be respected by the parliament. Basically the government can stick middle finger to voters
and say "NO" to exit. That happened few times, especially that the difference between nay/yay is just over 1%. So don't get to exited Brit-mates. All in the hands of the "chosen ones"...
legendary
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June 24, 2016, 06:05:07 AM
#10
I've said it before in other thread s,  the brexit i wouldn't think would have any effect on bitcoin,  or not from the uk side anyway.  Maybe coming out of the Europe will cause other country's to buy into bitcoin but i doubt it.  Theres still not enough adoption of bitcoin for people to even considor it.  The pound is the lowest its been since 1985 but it's still strong against most other currency's.
legendary
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June 24, 2016, 06:00:35 AM
#9
I was sitting in front of my PC watching the Brexit vote live coverage and BTC price at the same time. Bitcoin went slowly but steadily up until 660+ when Leave camp secured a 16.8 million votes.

I think the Chinese investors are still very caution especially no one has any idea what Brexit will bring to the world economy.
hero member
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June 24, 2016, 05:53:24 AM
#8
The brexit has massive effects on the Pound so this may lead people to buy any assets like gold to save their savings from this fall. Maybe some of them will buy bitcoin
hero member
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Always ask questions. #StandWithHongKong
June 24, 2016, 04:58:49 AM
#7
I see it as a win for Democracy - congrats to the Brits.

Nobody in Brussels was elected by anyone, they were placed there by Banks & Corporations who's only motive was profit & power. Greece, Spain & other counties in the EU have been milked & enslaved by Brussels to the extent that OAP's had to queue & beg for their pension money in order to buy food, mass unemployment & austerity are trademarks of countries run by Brussels - this is what happens when unelected people with conflicts of imterest are "placed" in a position of power.

As far as Bitcoin v fiat prices are concerned - who cares? They go up, they go down - nothing new there. I see Bitcoin (or digital currency) as a replacement for fiat, not a way to make more fiat. Only those after short term fiat profit are concerned about price, the Bitcoin idea is lost on them.
legendary
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All I know is that I know nothing.
June 24, 2016, 04:50:11 AM
#6
there has been some talk about Brexit on speculation and economy section which is more related to these kinds of stuff.

but anyways i agree that it has a great impact on the financial world and one of the biggest effects have been seen in bitcoin today with the $110 rise from yesterday.
member
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June 24, 2016, 04:37:48 AM
#5
THe price is what investors are willing to pay, who are most of times speculating in the market and earn money. Some event may be the trigger to make the price spike or plummet which depends on how they react to the news and markets.
sr. member
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June 24, 2016, 04:36:45 AM
#4
Brexit is bad for the global economy. The pound will go down, due to less or no support from the EU, though it may climb it's way back up. Global politics is a fucking joke, if you ask me.

I'd say bitcoin will go up.

pound going down and bitcoin going up. like that bitcoin is the currency that goes up when the fiat currency fall Cheesy
legendary
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give me your cryptos
June 24, 2016, 04:31:21 AM
#3
Brexit is bad for the global economy. The pound will go down, due to less or no support from the EU, though it may climb it's way back up. Global politics is a fucking joke, if you ask me.

I'd say bitcoin will go up.
legendary
Activity: 1400
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June 24, 2016, 04:29:27 AM
#2
I have no idea if this will be long lasting change and overall change of course for global investors, for now they want to see what cryptocurrency has to offer as investing asset.
Or it is only short and temporary panic; investors are worried that 'standard' markets could potentially enter post-Brexit crisis - therefore it is safe to invest in BTC to diminish loses.

Time will tell.
hero member
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June 24, 2016, 04:15:43 AM
#1
when I opened the forum today , I expected to watch a lot of threads talking about ( Brexit ) , and how it will affect Bitcoin , but I didn't watch .
this event has great importance because it affect the financial markets in all the world , the Bitcoin price has increased about 7 per cent after the UK public voted to leave the European Union , and 100 Million Dollar traded in the past 24 hours , on the other hands , the Pound has fallen against the Dollar , while the gold has increased about 4 % .
the Expectations indicate that Bitcoin price will hit 800 and 900 $ after this event , and maybe reach 1000$ .
if you want to know more about this event and how it will affect Bitcoin you can read those articles :
https://www.cryptocoinsnews.com/bitcoin-price-surges-beyond-675-amid-brexit-vote/
http://www.cnbc.com/2016/06/24/bitcoin-spikes-as-yuan-hits-five-and-a-half-year-low-on-brexit.html
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