Brexit/Bremain | Bitcointalksearch.org

uki

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Quote from: afbitcoins on June 22, 2016, 05:52:12 PM

Quote from: uki on June 22, 2016, 05:38:54 PM

Quote from: Ted E. Bare on June 22, 2016, 01:14:02 PM

No influence at all.

Fully agree. Why, on Earth any single event in the world that mostly does not know Bitcoin at all, has to have an influence on Bitcoin.
More adoption first, then the news and not the other way round.

First, global markets are all interconnected, one domino can upset the lot, look at Lehman Bros in 2008. Second bitcoin is acting as a safe haven and has been seen to go up during Cyprus bailins or China capital controls for example.

Bitcoin has yet to establish its mark as a safe haven, similar to that PM (gold, silver, etc.) have.
We are quite far from there, as at the moment Bitcoin is merely a speculation vehicle, that is exclusively driven by speculative pumps and dumps.
Mass adoption is still a remote dream, myself would love to see it happening, but there is still plenty to be done.
If the crash, similar or worse that the one from 2008 would happen today, only a very tiny amount of money would flow into Bitcoin. An average Joe is still very far away from putting all his savings into Bitcoin. Would you?

PS. With Brexit we are talking about an event organized entirely for the needs of the internal UK politics. It hould have no impact on Bitcoin at all.

glendall

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The UK vote (brexit IMHO is such a dumb term) was part things, but only a small part. The halving is a much bigger part. But the biggest part? Speculation and confidence and mood.

afbitcoins

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Quote from: uki on June 22, 2016, 05:38:54 PM

Quote from: Ted E. Bare on June 22, 2016, 01:14:02 PM

No influence at all.

Fully agree. Why, on Earth any single event in the world that mostly does not know Bitcoin at all, has to have an influence on Bitcoin.
More adoption first, then the news and not the other way round.

First, global markets are all interconnected, one domino can upset the lot, look at Lehman Bros in 2008. Second bitcoin is acting as a safe haven and has been seen to go up during Cyprus bailins or China capital controls for example.

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: Ted E. Bare on June 22, 2016, 01:14:02 PM

No influence at all.

Fully agree. Why, on Earth any single event in the world that mostly does not know Bitcoin at all, has to have an influence on Bitcoin.
More adoption first, then the news and not the other way round.

afbitcoins

legendary

Activity: 2101

Merit: 1061

I think brexit has had an effect on markets such as gold and bitcoin, not to mention relevant fiat markets too. Gold / bitcoin up when exit looks likely, fiat up when remain looks likely. But in bitcoin there is the halving also influencing it and probably moreso than the brexit vote. At the very least brexit referendum has increased volatility

I will vote leave.

smoothie

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BRENTRANCE vs BREXIT.....

Raimonn

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I think that brexit could increase the price of bitcoin, but more for speculation than for real thing. There are other european countries that aren't on "euro" economy and have special contracts with the other "euro" countries.

criptix

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Quote from: zimmah on June 22, 2016, 01:52:42 PM

Will brexit or bremain even have a large impact on any economy at all?

Brittian never used the euro in the first place, so what will leaving the eurozone actually do?

It might make travel a bit more expensive and cumbersome, or will it?

Maybe import/export will be a bit more expensive, or will it?

I doubt it makes much a difference either way, except on a political level.

Brits habe to renogotiate all existing multilateral contracts. From economy over politics to science.

But they gonna have 2 years for it - that is the timeline for an exit from the EU.

zimmah

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Will brexit or bremain even have a large impact on any economy at all?

Brittian never used the euro in the first place, so what will leaving the eurozone actually do?

It might make travel a bit more expensive and cumbersome, or will it?

Maybe import/export will be a bit more expensive, or will it?

I doubt it makes much a difference either way, except on a political level.

spiz0r

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Quote from: marchitcher on June 22, 2016, 01:35:52 PM

I made this question because the first big drop happened 17jun a day after jo cox murder. So I was think there was connection between the rise and brexit. Now I think bremain will win so price still dropping a little and sometime it will stabilize around 600 or lower until the halving.
After the halving market will need some time to notice the reduction of supply.

I also think there is a small corelation. Until that point betfair had an odds of 2.3 for brexit. After the murder it went down to 4.1. I think if brexit wins, we will get a new high in the price. But the main cause of bitcoin raising is the capital controlls of China and the bad economy there. Maybe I am the only one who thinks the halving already priced at 400 usd.

marchitcher

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I made this question because the first big drop happened 17jun a day after jo cox murder. So I was think there was connection between the rise and brexit. Now I think bremain will win so price still dropping a little and sometime it will stabilize around 600 or lower until the halving.
After the halving market will need some time to notice the reduction of supply.

mindrust

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I don't think it has anything to do with bitcoin, but i would keep an eye on the eur/usd and gbp/eur. If you be careful enough, you can make some fat bucks out of those pairs. They will be more volatile on upcoming days. Since you trade money for money, it is a win/win situation. I always buy the cheaper currency, when my cheaper currency becomes the expensive one, i sell and get the other cheap one.

Making money out of nothing

Ted E. Bare

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No influence at all.

r0ach

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The BTC price wasn't actually rising due to this Brexit nonsense in the first place. It was rising due to the halving. I don't believe the Brexit vote was legally binding or anything, and was just an "advisory" to what the govt "can" do. When is the last time the government cared what the people want to do? They would either rig the vote or just ignore it because the behind the scenes govt/bankers want to force people to stay in.

marchitcher

newbie

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Will brexit or bremain have some influence on btc? Is this drop because people think bremain will win? What do u think?

Topic: Brexit/Bremain (Read 900 times)