Brexit/Bremain is upon us. Should I Buy BTC?

doublemore

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Quote from: n691309 on June 24, 2016, 12:05:13 PM

Quote from: pandalion98 on June 23, 2016, 01:34:49 AM

Lately, there's been speculation that the UK will, in fact, remain in the EEC. Because of that, BTC price is falling. It even hit $550.

Should I buy? Should we buy?

It has not been approved yet that UK will exit EU but until now i have read that the pound currency will have a lower value so bitcoin can be a great alternative but these days bitcoin price is not good and can go even more dumped.

The referendum is a advisory referendum but the EU want the UK to pack their shit and leave now they've give a clear message the EU sucks. If UK do nothing the voters will also feel the system doesn't work and more chaos will be incoming.

tyz

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I did not really expect a leave of the British. But I am more surprised that is does not really have an impact on the Bitcoin price. Therefore, I am currently a little uncertain.

A buy of Bitcoin is certainly a good decision long term. If we take a look at other European countries like the Netherlands, France, Denmakr, Czech Republic or Poland, then we see that there are majorities for an EU exit, too.

n691309

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Quote from: pandalion98 on June 23, 2016, 01:34:49 AM

Lately, there's been speculation that the UK will, in fact, remain in the EEC. Because of that, BTC price is falling. It even hit $550.

Should I buy? Should we buy?

It has not been approved yet that UK will exit EU but until now i have read that the pound currency will have a lower value so bitcoin can be a great alternative but these days bitcoin price is not good and can go even more dumped.

doublemore

hero member

Activity: 546

Merit: 500

Quote from: Snorek on June 24, 2016, 05:12:12 AM

Quote from: doublemore on June 24, 2016, 12:39:40 AM

Quote from: doublemore on June 23, 2016, 11:34:51 AM

Quote from: Pab on June 23, 2016, 06:49:02 AM

Referendum Pools are showing 50/50 ,if there is noise that Britain will stay,than i will bet will leave
My opinion is wait a little and look what Chinise will do ,thay decide about price

The polls are likely rigged or not telling the full story, its nothing close to 50/50. Betting market does not lie.

Maybe i should have looked into what this brexit rubbish actually meant for me living in UK? haha i will just support crypto i think.

OMG sorry guys the betting market was wrong! haha are you guys seeing the value of GBP, i just lost tons in GBP but made gains in BTC so very happy. Looks like the market thinks britain will be weaker outside EU interesting.

It is only initial reaction. So it is expected to be a negative one. Britain was one of the top 3 EU most important member (along with Germany and France) so panic is understandable.
But I predict that it is only temporary. In a month situation on the financial market should be back to where it was before Brexit.

I dont think this is the case for UK, the GBP will be messed up until we know exactly what happens in 2018. Housing market also will suffer most likely. Good news though, chaos means opportunity.

bichha2010

member

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Merit: 10

Does the growing interest by the state in currencies like bitcoin create any spill over effect where that interest and investment could drag bitcoin down along with the pound and Euro?

AlgoSwan

sr. member

Activity: 308

Merit: 250

ancap

Quote from: pandalion98 on June 23, 2016, 01:34:49 AM

Lately, there's been speculation that the UK will, in fact, remain in the EEC. Because of that, BTC price is falling. It even hit $550.

Should I buy? Should we buy?

Consolidating markets are tricky. Just when you think you’ve got them figured out, you end up the wrong way on a big move and you feel like you’ve been betrayed by everything you know.

Snorek

legendary

Activity: 1400

Merit: 1001

Quote from: doublemore on June 24, 2016, 12:39:40 AM

Quote from: doublemore on June 23, 2016, 11:34:51 AM

Quote from: Pab on June 23, 2016, 06:49:02 AM

Referendum Pools are showing 50/50 ,if there is noise that Britain will stay,than i will bet will leave
My opinion is wait a little and look what Chinise will do ,thay decide about price

The polls are likely rigged or not telling the full story, its nothing close to 50/50. Betting market does not lie.

Maybe i should have looked into what this brexit rubbish actually meant for me living in UK? haha i will just support crypto i think.

OMG sorry guys the betting market was wrong! haha are you guys seeing the value of GBP, i just lost tons in GBP but made gains in BTC so very happy. Looks like the market thinks britain will be weaker outside EU interesting.

It is only initial reaction. So it is expected to be a negative one. Britain was one of the top 3 EU most important member (along with Germany and France) so panic is understandable.
But I predict that it is only temporary. In a month situation on the financial market should be back to where it was before Brexit.

doublemore

hero member

Activity: 546

Merit: 500

Quote from: doublemore on June 23, 2016, 11:34:51 AM

Quote from: Pab on June 23, 2016, 06:49:02 AM

Referendum Pools are showing 50/50 ,if there is noise that Britain will stay,than i will bet will leave
My opinion is wait a little and look what Chinise will do ,thay decide about price

The polls are likely rigged or not telling the full story, its nothing close to 50/50. Betting market does not lie.

Maybe i should have looked into what this brexit rubbish actually meant for me living in UK? haha i will just support crypto i think.

OMG sorry guys the betting market was wrong! haha are you guys seeing the value of GBP, i just lost tons in GBP but made gains in BTC so very happy. Looks like the market thinks britain will be weaker outside EU interesting.

doublemore

hero member

Activity: 546

Merit: 500

Quote from: Pab on June 23, 2016, 06:49:02 AM

Referendum Pools are showing 50/50 ,if there is noise that Britain will stay,than i will bet will leave
My opinion is wait a little and look what Chinise will do ,thay decide about price

The polls are likely rigged or not telling the full story, its nothing close to 50/50. Betting market does not lie.

Maybe i should have looked into what this brexit rubbish actually meant for me living in UK? haha i will just support crypto i think.

BitcoinPC

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Activity: 812

Merit: 500

Quote from: bryant.coleman on June 23, 2016, 05:18:58 AM

Brexit / Bremain is unlikely to affect the exchange rates in a big way. On the other hand, halving is going to play the major role. A lot of speculators had accumulated hoards of BTC, expecting for a major spike after the halving. Now they are realizing that their strategy was wrong, and some of them are dumping their coins. I will not be very surprised if the exchange rates drop back to $230 per coin.

$230 Bitcoin price ? No way. I do not think it can happen. Although we are facing price dip and lots of people panic and selling causing it to dip more. But it will just take a few days to get the rise back in bitcoin price. We have lots of hope for this halving bring a lots of increase in price. I wish all goes as accepted.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Brexit canw stronlgy impact the fiat money market but I don't think that influence the Bitcoin price substantialy. There is no big connection between this two things. Butw now it's time for buying Bitcoin because the price has fallen and will rise again

Snorek

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Quote from: bryant.coleman on June 23, 2016, 05:18:58 AM

Brexit / Bremain is unlikely to affect the exchange rates in a big way. On the other hand, halving is going to play the major role. A lot of speculators had accumulated hoards of BTC, expecting for a major spike after the halving. Now they are realizing that their strategy was wrong, and some of them are dumping their coins. I will not be very surprised if the exchange rates drop back to $230 per coin.

So it seems that halving is only pure overhyped event and won't have any significant impact on price of BTC. With more than 15 millions of BTC already in circulation we have enough coins to sustain the market...
Brexit, however, can only be good for bitcoin, as investors will most likely ditch traditional investing instruments and traditional FIAT markets and give rise to the cryptocurrency market.

Warrior B

sr. member

Activity: 329

Merit: 250

I actually don't see a correlation between Brexit and BTC current price, we all know that China is the one that manages the ups and downs in Bitcoin for the last couple of years.

Having said that, I do really believe that Brexit will happen and that it might be good for Bitcoin.

duts_bg

full member

Activity: 167

Merit: 100

Whatever the outcome of BREXIT, there are a lot of adrenaline now.I bet everything available on triple price in both directions. Wink

http://www.independent.co.uk/news/business/news/eu-referendum-brexit-currency-pound-traders-exchange-rates-barclays-jpmorgan-chase-a7096951.html

gentlemand

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Welt Am Draht

I really find it hard to wrap my head around the idea that Bitcoin reacts to real world events. What it does do is inspire the manipulators to fuck with the minnows in the market by making them believe that. Ultimately I guess that's the same thing.

Amph

legendary

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i still believe that the whole brexit drama has nothing to do with this pump(maybe only on a very little extend) it's all just pump and dump to accumulate before the next pump and dump

anyway it does not matter, as long as the value is increasing on average, which is what is happening

Pab

legendary

Activity: 1862

Merit: 1012

Referendum Pools are showing 50/50 ,if there is noise that Britain will stay,than i will bet will leave
My opinion is wait a little and look what Chinise will do ,thay decide about price

pandalion98

sr. member

Activity: 504

Merit: 250

Quote from: Seansky on June 23, 2016, 05:44:33 AM

Well man IMO it is a good time to buy today. Even if bitcoin's price drops a little now I think it will not drop big because halving is near. Just hold your bitcoins then wait for a price rise.

It seems to me that this event (together with many other events) are offsetting the price increase caused by the upcoming halving.

I see a stable price ahead, but I can be horribly wrong so don't take my word for it.

Seansky

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Well man IMO it is a good time to buy today. Even if bitcoin's price drops a little now I think it will not drop big because halving is near. Just hold your bitcoins then wait for a price rise.

bryant.coleman

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Brexit / Bremain is unlikely to affect the exchange rates in a big way. On the other hand, halving is going to play the major role. A lot of speculators had accumulated hoards of BTC, expecting for a major spike after the halving. Now they are realizing that their strategy was wrong, and some of them are dumping their coins. I will not be very surprised if the exchange rates drop back to $230 per coin.

Topic: Brexit/Bremain is upon us. Should I Buy BTC? (Read 1416 times)