Brexit what effects will this have on cryptocurrency?

GregH37

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Quote from: Jimmymark on March 17, 2019, 12:45:12 PM

15 days left for brexit. Will this bring the price of bitcoin and other main cryptocurrency price up or down.
Will uncertainty add to more investor buying cryptocurrency to save the price drop or increase in pound and euro.

Or

Will this not effect the price.

I don't think there is going to be any change that this Brexit is bring. Though I have been reading articles where the authors claims that there is going to be an increase in bitcoin due to Brexit. Just like the article I read on Forbes, that a Brexit-caused recession is likely to make Bitcoin to rise. The author has said that a no-deal Brexit is going to cause the price bitcoin rise, in the UK and other countries as well, cause unemployment will increase and the UK central bank will be forced to print more cash and that will cause an Bitcoin to rise against pound.

wuvdoll

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Now that I think about it, it could definitely have positive impacts on bitcoin as well. If you want to know why I started to think like that I think the money going in and out of Britain right now is easy and there is less regulations on regular fiat entry, companies could just work with European countries and not worry about money going out or going in.

Moreover, if brexit happens than there could some more regulations on top of the current ones which may make it harder and the companies or even the people who use those relax regulations so far could switch to bitcoin as well. I am not saying it will happen but that could be a reason for bitcoin to go up as well. We still don't know the details of how it will happen or even if it will happen but if it does than this is a good possibility.

usorin

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Looking at how things go with the E.U. probably nothing will happen. Just think at the importance of this step and how tolerant governments are.

alyssa85

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Quote from: mackstuart on May 07, 2019, 07:16:15 AM

I can not understand one thing, why they postpone Brexit? And in the Ostolny, I completely agree with you, Bitcoin is growing regardless of brexit!

Parliament didn't like the deal the EU was offering. At the same time the government hadn't fully finished it's preparations to leave without a deal. Hence the postponement.

mackstuart

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Quote from: davis196 on May 07, 2019, 07:06:56 AM

Quote from: Jimmymark on March 17, 2019, 12:45:12 PM

15 days left for brexit. Will this bring the price of bitcoin and other main cryptocurrency price up or down.
Will uncertainty add to more investor buying cryptocurrency to save the price drop or increase in pound and euro.

Or

Will this not effect the price.

Brexit was postponed again.They will postpone it until forever.In the end,England might even not leave the EU.
The bitcoin price is going up,but this has nothing to do with the brexit shit...
The brits won't buy more bits. Grin

I can not understand one thing, why they postpone Brexit? And in the Ostolny, I completely agree with you, Bitcoin is growing regardless of brexit!

davis196

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Quote from: Jimmymark on March 17, 2019, 12:45:12 PM

15 days left for brexit. Will this bring the price of bitcoin and other main cryptocurrency price up or down.
Will uncertainty add to more investor buying cryptocurrency to save the price drop or increase in pound and euro.

Or

Will this not effect the price.

Brexit was postponed again.They will postpone it until forever.In the end,England might even not leave the EU.
The bitcoin price is going up,but this has nothing to do with the brexit shit...
The brits won't buy more bits. Grin

CryptoBry

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Quote from: nur rochid on May 07, 2019, 03:51:29 AM

Quote from: Harlot on May 06, 2019, 10:14:11 AM

So I guess we already know the answer by now that Brexit didn't do anything in the crypto market. Great Britain isn't even a crypto friendly country to begin with so even if they pulled out from the market we cannot see any major influence from them not being part of the market. From the last 30-45 days we have seen Bitcoin impressively go up back up above 5,000$ which was in the range of the Brexit an we obiously saw that nothing really happened related to that. The crypto market's price movement right now is more of its technical side rather than news and speculation.

yes, at present bitcoin reaches $ 6000, and this is a good achievement, after a while sleeping. Moreover, English is not a country that is very influential on bitcoin, of course Brexit does not have much effect

Britain is actually not a big leader in Bitcoin and any good or bad development in the county will certainly not affect Bitcoin. Brexit will soon be proceeding once the deals are done and Britain is to stand on its own feet away from the influence of the EU community. In my opinion, the economies of EU can be helping push Bitcoin if governments will be putting up in their regulatory infrastructure for cryptocurrency.

nur rochid

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Quote from: Harlot on May 06, 2019, 10:14:11 AM

So I guess we already know the answer by now that Brexit didn't do anything in the crypto market. Great Britain isn't even a crypto friendly country to begin with so even if they pulled out from the market we cannot see any major influence from them not being part of the market. From the last 30-45 days we have seen Bitcoin impressively go up back up above 5,000$ which was in the range of the Brexit an we obiously saw that nothing really happened related to that. The crypto market's price movement right now is more of its technical side rather than news and speculation.

yes, at present bitcoin reaches $ 6000, and this is a good achievement, after a while sleeping. Moreover, English is not a country that is very influential on bitcoin, of course Brexit does not have much effect

1Referee

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Quote from: Kiweikoo on May 06, 2019, 04:18:03 AM

I have seen people talk about how things like this can make the price to skyrocket, they have said many times, but at the end you will come to find out all these are just bullsh**, cause they never work.

People here are a very decent counter indicator. If they think that x event will pump the price of Bitcoin, it's more likely that it won't do anything at all, or even tank the price.

Warren Buffett a few days ago said that he's not worried about the Brexit at all, and even plans to invest in the UK, and that while all the self proclaimed experts and other fools constantly echo how bad the Brexit is for the economy. Who's word do you value more in this case, the word of the best and most successful investor in the world, or the word of a bunch of boobie economists and political drama queens?

Febo

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Quote from: Harlot on May 06, 2019, 10:14:11 AM

So I guess we already know the answer by now that Brexit didn't do anything in the crypto market. Great Britain isn't even a crypto friendly country to begin with so even if they pulled out from the market we cannot see any major influence from them not being part of the market. From the last 30-45 days we have seen Bitcoin impressively go up back up above 5,000$ which was in the range of the Brexit an we obiously saw that nothing really happened related to that. The crypto market's price movement right now is more of its technical side rather than news and speculation.

It did not do anything because it did not happened. Decision still needs to be made how will be future relations between EU and UK.

Harlot

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So I guess we already know the answer by now that Brexit didn't do anything in the crypto market. Great Britain isn't even a crypto friendly country to begin with so even if they pulled out from the market we cannot see any major influence from them not being part of the market. From the last 30-45 days we have seen Bitcoin impressively go up back up above 5,000$ which was in the range of the Brexit an we obiously saw that nothing really happened related to that. The crypto market's price movement right now is more of its technical side rather than news and speculation.

7788bitcoin

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Quote from: klaaas on April 14, 2019, 05:13:43 PM

I am still not sure to make a decision but i tend towards a small increase in price on the short run as people would worry about fluctuations in the value of the Pound.

I really do not see any major difference in the price of bitcoin simply because of brexit, there might be economic implications because of the decision but people will not invest into a platform which is highly volatile like bitcoin because they fear that their economy will go down, if they understand the risk of a high volatile investment platform and they are interested in bitcoin, they you might see some investment, other than that i do not see a major difference.

Kiweikoo

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Quote from: Jimmymark on March 17, 2019, 12:45:12 PM

15 days left for brexit. Will this bring the price of bitcoin and other main cryptocurrency price up or down.
Will uncertainty add to more investor buying cryptocurrency to save the price drop or increase in pound and euro.

Or

Will this not effect the price.

Funny, but I don’t really have time to check up on these things anymore cause I no longer think they are worth. I have seen people talk about how things like this can make the price to skyrocket, they have said many times, but at the end you will come to find out all these are just bullsh**, cause they never work. They will still be released and price will still be where it is or even go down to the worst.

Kevin77

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I think it will have a small impact for good. It won't be huge and I doubt it will have any impact at all and change the price but if its going to have any its going to be positive one.

Think about all the companies that have worked both on Europe and Britain so far, all of those companies will have to find a way to run their business together after brexit and bitcoin could be solution for them, if they are having harder time sending money from one place to another because of brexit they could just buy bitcoin locally and send it to other place and cash out locally and they will solve that problem. I am not a dreamer so I know this won't be the thing most of the companies will do but maybe couple of them will do it which is why I said positive but tiny.

pushups44

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I don't see Brexit having a significant impact on bitcoin. As a general rule, the rise of nationalism in Europe may steer some activists toward bitcoin and other cryptocurrencies, but these movements are just not strong enough to impact the price significantly. Far more influential are nations with collapsing currencies that force them to seek cryptocurrencies as an alternative means of exchange or store of value.

BitHodler

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Quote from: salty on April 29, 2019, 10:44:25 AM

It all depends on what issues will be raised.If questions about cryptocurrencies are raised,everything will depend on what exactly will be said about them.If they say positive things, it should have a positive impact on the overall capitalization.

How can you expect a government to have a positive outlook for crypto? The first thing on their mind is having the centralized ecosystem become regulated one way or another, and this will definitely be felt by people.

Governments have been extremely slow with catching up on crypto, so the more "crypto friendly" they become, the more likely it is that their improved understanding of this space will lead to harsher regulations.

Japan is a great example of that. It started out as a Bitcoin friendly country, then suddenly turned into something that even Binance as the largest exchange couldn't handle, which is why they chose to leave Japan last year.

Irvinn

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I think that the withdrawal of England from the European Union will not affect the price of Bitcoin and other cryptocurrency. England and after that will remain on our planet and its citizens, as before, will use the Internet and cryptocurrency. I am even surprised at the formulation of such a question. After all, for the Internet and cryptocurrency borders do not exist.

Yakamoto

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Quote from: LeGaulois on April 14, 2019, 03:52:49 PM

Investors continue to withdraw their investments in recent days it has exceeded $300 million. If it doesn't affect Bitcoin, at least it will affect the funds invested in British equities. Also the IMF said we could see a severe slap in the event of Brexit without an agreement.
Thinking it will happen, yeah Brexit could be an opportunity to Bitcoin, but Brexit takes tooooo long.

Most investors just pull their investments because they are concerned about the coming regulatory changes and legislation that will impact the economy of Britain. It's a precautionary step, but at the end of the day, it likely doesn't mean much because everyone is preparing for a worst-case scenario, one that is incredibly unlikely to occur. There might be some trade agreements that get scuffed, and that's probably where a lot of the uncertainty about investments comes from, but it'll only be taxed at worst.

Most of the Brexit investment withdrawals won't result in an influx of cash into Bitcoin. It'll be re-deposited where-ever the investors see fit, and it'll more likely be in tangible assets than anything else. Or, at least, a market where something tangible can be tied to it, like stocks to a company.

salty

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It all depends on what issues will be raised.If questions about cryptocurrencies are raised,everything will depend on what exactly will be said about them.If they say positive things, it should have a positive impact on the overall capitalization.

alyssa85

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Quote from: senin on April 13, 2019, 03:46:14 PM

It is likely that there will be no withdrawal of England from the European Union at all. Recently it was decided by the parliament of this country to postpone such an exit. This decision was approved by the EU member states. In England itself, several million signatures have been collected for the re-referendum on leaving the EU. By this time, many Englishmen understood the advantages of the union and what they were losing when they left it. The more time passes, the less likely the exit itself.

This is complete nonsence as the upcoming euro-elections will show (the brexit parties are surging in the polls).

Britain will Brexit after making further no deal prep.

As to the effect on cryptocurrency: very little. The UK is not Cyprus. It has it's own currency. The banks are better capitalised than the European ones. The govt's deficit is reducing rapidly. Unemployment is at a 44 year low.

The banking system works exceptionally well, especially since they introduced Faster Payments, where you can send money electronically from your account and it reaches the recipient within minutes. It's much faster than any crypto (the banks saw the writing on the wall and improved their services).

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