Topic: Brexit what effects will this have on cryptocurrency? - page 2. (Read 544 times)
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.
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.
Thinking it will happen, yeah Brexit could be an opportunity to Bitcoin, but Brexit takes tooooo long.
The cryptocurrency community don't really give attention to any official any more just like the previous Bexit decision never hard any effect on the activities of the crypto market the next one will also not have any effect on the price of cryptocurrency. Lot of the user of cryptocurrency have come to the realization that the cryptocurrency market does not depends on institutions decision or government agent laws. So in my opinion the next Brexit will not have any effect on the cryptocurrency market.
Perhaps Brexit has no direct influence on Bitcoin, but I think that it still has an indirect effect on the development of cryptocurrency. I noticed that after the information about Brexit in the press on the stock exchanges there was a fall in stock prices, and on cryptocurrency exchanges the prices for bitcoin and altcoins fell slightly. Perhaps at this turbulent time, investors transferred their capital into gold, including they could sell Bitcoin and buy gold. I do not know how it really was, but I watched as the market fell, and gold kept at the same level and even grew a little.
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.
I think that exactly brexit will not affect in any way. Now comes the wave of popularity of cryptocurrency and it will affect the people of England, including. Although many analysts believe that brexit already affects crypto. Since large companies leave London and, accordingly, funds too and, according to experts, most of them are transferred to cryptocurrencies.
Either the price will increase either the Brexit will not affect at all the bitcoin price. Why? Because more bitcoin is buy with USD and not with GBP, so even if GBP goes down the price will not be so much affected.
It will have no effect (if we will have a brexit) a different thing is if will more countries will leave the euro.
GB situation is too small in comparison to the euro market or in comparison to the global economy and bitcoin is adopted by a very small part of the population today so...
GB situation is too small in comparison to the euro market or in comparison to the global economy and bitcoin is adopted by a very small part of the population today so...
I don't see it happening. Most countries don't have enough money to pay the EU for breaking the agreement and leaving. The EU comprises of a group of rich countries, among which we have Germany and France, and the group of poor countries, like Bulgaria and Romania. The rich function as loan providers for the poor. After a while the poor are expected to pay it all back, once their economies get in shape. The rich have no incentive to leave, because they still expect to profit from their loans, mainly in the form of new markets for their products, while the poor cannot leave because they are unable to pay back what they took right away.
Will it affect bitcoin? I see no way how it could. Only the collapse of the EU might have an impact.
No matter what type of thing UK decides to do about brexit none of it really applies to bitcoin at all.
It is totally irrelevant and useless. Hell if they do brexit and its harder for business to business deals than they might even start using bitcoin to make it easier for them so it could even potentially have good results. In the end I feel like of course it will have a very very short term affect, maybe at most 3 days to a week and that's it, but after that whole world will continue like it never happened.
I understand UK really cares about this issue and brexit has been a topic for them for a while now but honestly know that if a person doesn't live in UK or in EU that person really doesn't care. I am from neither UK nor EU and I do not care about brexit AT ALL, hence most of the world will just continue to exist without caring about what UK does or doesn't.
I concur. The people in my community don't even know what Brexit is and I don't blame them for not knowing since this is a local event(UK related) which won't affect the entire world obviously.It is totally irrelevant and useless. Hell if they do brexit and its harder for business to business deals than they might even start using bitcoin to make it easier for them so it could even potentially have good results. In the end I feel like of course it will have a very very short term affect, maybe at most 3 days to a week and that's it, but after that whole world will continue like it never happened.
I understand UK really cares about this issue and brexit has been a topic for them for a while now but honestly know that if a person doesn't live in UK or in EU that person really doesn't care. I am from neither UK nor EU and I do not care about brexit AT ALL, hence most of the world will just continue to exist without caring about what UK does or doesn't.
Honestly, I am surprised to hear that it hasn't happened yet since I have been hearing about it for several years now. What in the world is going on in the UK?
Brexit won't affect bitcoin in anyways. Bitcoin is an independent coin and Brexit doesn't have any impact. It won't even create an economic crisis so we just have to trust bitcoin. It might drop as they have that simple exit but bitcoin would still stand firm.
There will be no effect to the cryptocurrency markets after the British exit from the European Union.
This point stems from the fact that little to no British people are aware of the cryptocurrencies and the benefits that they can enjoy from them. I don't think that we are going to see any pump or dump in the market cap after this event.
This point stems from the fact that little to no British people are aware of the cryptocurrencies and the benefits that they can enjoy from them. I don't think that we are going to see any pump or dump in the market cap after this event.
No matter what type of thing UK decides to do about brexit none of it really applies to bitcoin at all.
It is totally irrelevant and useless. Hell if they do brexit and its harder for business to business deals than they might even start using bitcoin to make it easier for them so it could even potentially have good results. In the end I feel like of course it will have a very very short term affect, maybe at most 3 days to a week and that's it, but after that whole world will continue like it never happened.
I understand UK really cares about this issue and brexit has been a topic for them for a while now but honestly know that if a person doesn't live in UK or in EU that person really doesn't care. I am from neither UK nor EU and I do not care about brexit AT ALL, hence most of the world will just continue to exist without caring about what UK does or doesn't.
It is totally irrelevant and useless. Hell if they do brexit and its harder for business to business deals than they might even start using bitcoin to make it easier for them so it could even potentially have good results. In the end I feel like of course it will have a very very short term affect, maybe at most 3 days to a week and that's it, but after that whole world will continue like it never happened.
I understand UK really cares about this issue and brexit has been a topic for them for a while now but honestly know that if a person doesn't live in UK or in EU that person really doesn't care. I am from neither UK nor EU and I do not care about brexit AT ALL, hence most of the world will just continue to exist without caring about what UK does or doesn't.
I think there will be a decreasing of cryptocurrencies because of Brexit. Why? Because Brexit destabilizes the world economy. When the situation goes like this, all countries want to protect their own economies, so they reduce their risk in the investing. That means that risky markets will receive less money. In that way, an interest of investors will decrease so do the price.
So far it has not had any impact, it would have dumped down to these lows in any case. Bitcoin is not tied to any currency and the economy in Britain will not crash, brexit will do nothing to bitcoin
Right now we cannot assume anything because Brexit has surely prepared something for cryptocurrencies and we can only wait and see what they have decided. Anyway , i dont think that Brexit will have any significant effect on cryptocurrency because UK doesnt have enough power to make such a big impact over something that is used all around the world.
It is hard to say.If will be hard no deal Brexit than it will be shock for GB and EU economy
For sure pound will lost some of his value
Already many big financial institution has found new places in EU
If worry GB citizens will buy btc becouse of losing pound then it could be some up
But i think Brexit even hard will have limited influence on cryptocurrencies
For sure pound will lost some of his value
Already many big financial institution has found new places in EU
If worry GB citizens will buy btc becouse of losing pound then it could be some up
But i think Brexit even hard will have limited influence on cryptocurrencies
When you say bitcoin can drop far lower then gbp. What bitcoin is at near £3k to a pound. What you suggesting bitcoin 0.90 to £1 pound.
Sorry but this is not possible. Can’t see this happening. Yes may drop but never this low.
I mean the percentage drop. Bitcoin can easily use 50% of its value while in case with GBP something more serious than brexit should happen to make pound lose its price so fast.Sorry but this is not possible. Can’t see this happening. Yes may drop but never this low.
No one cares about the value of BTC. We just need to see how it behaves over time and GBP is much safer.
But just looking at possibilities which could happen. Brexit is not just a simple exit. Check what happening you can understand there fault lines here.
So when an economic take a small blow, price has a move right. This is what I talking about. So please reply if you have anything to add. But don’t forget bitcoin we all care.
When you say bitcoin can drop far lower then gbp. What bitcoin is at near £3k to a pound. What you suggesting bitcoin 0.90 to £1 pound.
Sorry but this is not possible. Can’t see this happening. Yes may drop but never this low.
I mean the percentage drop. Bitcoin can easily use 50% of its value while in case with GBP something more serious than brexit should happen to make pound lose its price so fast.Sorry but this is not possible. Can’t see this happening. Yes may drop but never this low.
No one cares about the value of BTC. We just need to see how it behaves over time and GBP is much safer.
Thank you for taken time to write a reply.
Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.
A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.
Ah, those famous Turkish crypto whales... Where are they now?Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.
A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.
During an economic crisis, the first aim is to save your money and not to get some extra revenue. From this point of view BTC can fall way lower than GBP. It is not a secret that cryptocurrency may easily lose 50% of its price during a small amount of time without any super strong shocks. I can hardly believe that something like that will happen with GBP.
It is safer to remain your savings in fiat then buy crypto. Such pattern may only be applied to countries with long hyperinflation.
Sorry but this is not possible. Can’t see this happening. Yes may drop but never this low.
Thank you for taken time to write a reply.
Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.
A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.
Ah, those famous Turkish crypto whales... Where are they now?Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.
A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.
During an economic crisis, the first aim is to save your money and not to get some extra revenue. From this point of view BTC can fall way lower than GBP. It is not a secret that cryptocurrency may easily lose 50% of its price during a small amount of time without any super strong shocks. I can hardly believe that something like that will happen with GBP.
It is safer to remain your savings in fiat then buy crypto. Such pattern may only be applied to countries with long hyperinflation.
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