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Topic: BREXIT. What will happen to Bitcoin if Britain leave/ stay in EU? - page 3. (Read 3882 times)

full member
Activity: 162
Merit: 100
people will just lose more faith in fiat money than every before.

Um, why? The prime reasons people are thinking 'out' are immigration and sovereignty. I don't think the nature of money has popped up once.

Though there's lots of noise about it, I don't think it'll happen.

The prime reasons people want to leave also include EU bureaucracy and trading restrictions, alongside Mission Creep.

The nature of money needn't crop up; it will be debated when the British economy falters after leaving. A credit crisis and subsequent loss of deposits will definitely convince an intelligent nation into some safe alternative, which is BTC, and we do have a lot of capital to bring (consider the effect of smaller economies such as Venezuela and Greece). A faltering economy also impairs the public finances, pushing a country deeper into public debt, which is alleviated either by printing fiat (showing the benefit of a deflationary currency), deposit seizure (same effects as above) or default. The former two would increase the price of BTC; the latter (and the most unlikely) should be neutral.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
It depends on whether Brexit destabalises the world economy - if it does, both gold and bitcoin will rise. If it doesn't the pound may drop a little against the dollar and euro, but not much else will happen.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
people will just lose more faith in fiat money than every before.

Um, why? The prime reasons people are thinking 'out' are immigration and sovereignty. I don't think the nature of money has popped up once.

Though there's lots of noise about it, I don't think it'll happen.
Pab
legendary
Activity: 1862
Merit: 1012
If will be Brexit it will cause economic poblems in EU countries and chaos in financial world
already most of investors dont trust central banks,brexit could give the reason to sell off on markets
hero member
Activity: 1638
Merit: 756
Bobby Fischer was right
Will this affect the price?
I dont think so. If Yes, only UP. but so, so slightly.
Will other countries leave if Britain leaves?
Most likely, not at once and all together but one by one EU will crush under its own weight.
Whatever decision is made will Bitcoin even notice?
 
One country wont give that much market jump, but two or three for sure, more people would be willing
to diversify their savings in case of something bad.
legendary
Activity: 896
Merit: 1000
people will just lose more faith in fiat money than every before. i think that smart people will look for an alternative such as bitcoin to store their money away to protect their wealth. people are sick and tired of all this nonsense. whatever is happening, it's always the people that get to suffer. why waiting while you can put your fiat into bitcoin right now? don't waste more time and start doing it now!!
legendary
Activity: 1358
Merit: 1016
Will this affect the price?

Will other countries leave if Britain leaves?

Are other countries in more difficulty than they make out?

Whatever decision is made will Bitcoin even notice?

Speculate away........
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