Catalonia Referendum Pushes Bitcoin Prices Above $4400

Hydrogen

legendary

Activity: 2562

Merit: 1441

Quote from: centralbanksequalsbombs on November 30, 2017, 01:58:54 AM

Did all this news from Catalonia just die down? ANyone?

I think there are 7 major independence movements similar to Catalonia occurring right now throughout europe. Catalonia may be the tip of the iceberg so to speak. This link describes some of europe's independence movements:

http://www.zerohedge.com/news/2017-10-05/7-independence-movements-could-destroy-eu

There haven't been any major updates on Catalonia that I know of. Last I heard two of the independence leaders were imprisoned. Don't know if it will have an impact. My guess is there haven't been any new developments. Catalonia is like brexit in ways where there probably won't be big updates for awhile.

pugi2

member

Activity: 286

Merit: 31

Bitcoin is unpredictable, sometime no news then the price going up like last week.
Although this news released, i dont see any movement of bitcoin price.

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Looking at bitcoin explorer - there appears to be still high volume of transactions in Spain. Any updates would be appreciated - please post.

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Did all this news from Catalonia just die down? ANyone?

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Any Catalonian's or Spaniards want to provide further comment?

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

bump. Catalonia is one of the very many interesting stories happening in 2017.

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Quote from: fiulpro on November 02, 2017, 02:43:33 AM

What would you do if all the state funds are seized and you can't use them for funding the referendum that can lead to financial independence of your state as a whole ?
When the normal funds are freezed you look for other options, like cryptocurrencies.
They will let you fight for independence and at the same time you won't be doing anything illegal too.
This is the case with calatonia.
The people in calqtonia are now accepting cryptocurrencies on a large scale so that they can fund for their referendum against spain , who is kind of doing a serious dictatorship there and people are seeking independence from that.
The mass adoption of bitcoins in calatonia has caused a masive price surge.
Spain has blocked their state funds so that they aren't able to do anything with that also its monitoring that any transaction cease to happen if its for the funding of referendum but guess what ?
BITCOINS are independent Wink

damn they know well that no one can control, they are decentralized and there you go Cheesy

Nice post.

"What would you do if all the state funds are seized and you can't use them for funding the referendum that can lead to financial independence of your state as a whole ?
When the normal funds are freezed you look for other options"

fiulpro

hero member

Activity: 1890

Merit: 831

What would you do if all the state funds are seized and you can't use them for funding the referendum that can lead to financial independence of your state as a whole ?
When the normal funds are freezed you look for other options, like cryptocurrencies.
They will let you fight for independence and at the same time you won't be doing anything illegal too.
This is the case with calatonia.
The people in calqtonia are now accepting cryptocurrencies on a large scale so that they can fund for their referendum against spain , who is kind of doing a serious dictatorship there and people are seeking independence from that.
The mass adoption of bitcoins in calatonia has caused a masive price surge.
Spain has blocked their state funds so that they aren't able to do anything with that also its monitoring that any transaction cease to happen if its for the funding of referendum but guess what ?
BITCOINS are independent Wink

damn they know well that no one can control, they are decentralized and there you go Cheesy

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Quote from: Yakamoto on October 27, 2017, 12:13:46 PM

Quote from: neurotypical on October 27, 2017, 11:27:43 AM

Quote from: Lipe490 on October 22, 2017, 07:07:03 PM

Sincerely I don't see any kind of connections with Catalonia and Btc Prices because when the referendum happened price didnt make any great moving. But I think it may affect Bitcoin indirectly because of the fiat changing price, and the recently movement of Bitcoin is because of that fork thing which can be back to stabilize after 25th october.

Catalonia has declared independence today, it is all over the news in several countries now. Europe is going to go throught a major crisis with this I think. People living in Catalonia are going to get scared about bail ins, so there is a big incentive to have your wealth in bitcoin right now if you live in Catalonia. Who wants to leave their money in a republic with no international recognition and in the hands of some communists?

Once again bitcoin holders will profit and fiat holders will suffer from all of this. Most likely the central government of spain will soon pass some serious measures to establish order which will only escalate the problem to an higher level, but if you are holding your wealth in bitcoin you are unaffected. It is the wonders of holding an asset that belongs to no country.

Bitcoin is a pretty nifty technology for escaping bad fiat systems in times of turmoil, eh?

It just goes to show that any sort of "Union" between regions will fail, regionalism is too strong and most governments don't seem to want to accept that people have ties to where they came from and aren't interested in locking their history, culture, or whatever else, away under the guise of being united under some banner. I'd like to see what the response is from the rest of the EU about this; if Catalonia can actually manage their independence well then there might be more regions within EU countries attempting to push for their own independence, which would be a disaster for all involved.

Yes, the world is a very interesting place. Each one of us have personal decisions to make that in aggregate affect the world.

neurotypical

hero member

Activity: 672

Merit: 503

Quote from: Yakamoto on October 27, 2017, 12:13:46 PM

Quote from: neurotypical on October 27, 2017, 11:27:43 AM

Quote from: Lipe490 on October 22, 2017, 07:07:03 PM

Sincerely I don't see any kind of connections with Catalonia and Btc Prices because when the referendum happened price didnt make any great moving. But I think it may affect Bitcoin indirectly because of the fiat changing price, and the recently movement of Bitcoin is because of that fork thing which can be back to stabilize after 25th october.

Catalonia has declared independence today, it is all over the news in several countries now. Europe is going to go throught a major crisis with this I think. People living in Catalonia are going to get scared about bail ins, so there is a big incentive to have your wealth in bitcoin right now if you live in Catalonia. Who wants to leave their money in a republic with no international recognition and in the hands of some communists?

Once again bitcoin holders will profit and fiat holders will suffer from all of this. Most likely the central government of spain will soon pass some serious measures to establish order which will only escalate the problem to an higher level, but if you are holding your wealth in bitcoin you are unaffected. It is the wonders of holding an asset that belongs to no country.

Bitcoin is a pretty nifty technology for escaping bad fiat systems in times of turmoil, eh?

It just goes to show that any sort of "Union" between regions will fail, regionalism is too strong and most governments don't seem to want to accept that people have ties to where they came from and aren't interested in locking their history, culture, or whatever else, away under the guise of being united under some banner. I'd like to see what the response is from the rest of the EU about this; if Catalonia can actually manage their independence well then there might be more regions within EU countries attempting to push for their own independence, which would be a disaster for all involved.

Donald Dusk already said nothing has changed, the EU still sees Spain as the only interlocutor, which means is not recognized as a republic. Angela Merkel and Macron have also said that the so called Catalonian Republic is not recognized.

Legal situation for Catalonians is now very confuse and they should be worried about their wealth. Those that did their homework and move it to bitcoin are now safe. You have to do this before it happens, not the day it happens, but there's still time for them before they try to stop withdraws from banks.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: neurotypical on October 27, 2017, 11:27:43 AM

Quote from: Lipe490 on October 22, 2017, 07:07:03 PM

Sincerely I don't see any kind of connections with Catalonia and Btc Prices because when the referendum happened price didnt make any great moving. But I think it may affect Bitcoin indirectly because of the fiat changing price, and the recently movement of Bitcoin is because of that fork thing which can be back to stabilize after 25th october.

Catalonia has declared independence today, it is all over the news in several countries now. Europe is going to go throught a major crisis with this I think. People living in Catalonia are going to get scared about bail ins, so there is a big incentive to have your wealth in bitcoin right now if you live in Catalonia. Who wants to leave their money in a republic with no international recognition and in the hands of some communists?

Once again bitcoin holders will profit and fiat holders will suffer from all of this. Most likely the central government of spain will soon pass some serious measures to establish order which will only escalate the problem to an higher level, but if you are holding your wealth in bitcoin you are unaffected. It is the wonders of holding an asset that belongs to no country.

Bitcoin is a pretty nifty technology for escaping bad fiat systems in times of turmoil, eh?

It just goes to show that any sort of "Union" between regions will fail, regionalism is too strong and most governments don't seem to want to accept that people have ties to where they came from and aren't interested in locking their history, culture, or whatever else, away under the guise of being united under some banner. I'd like to see what the response is from the rest of the EU about this; if Catalonia can actually manage their independence well then there might be more regions within EU countries attempting to push for their own independence, which would be a disaster for all involved.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: neurotypical on October 27, 2017, 11:27:43 AM

Quote from: Lipe490 on October 22, 2017, 07:07:03 PM

Sincerely I don't see any kind of connections with Catalonia and Btc Prices because when the referendum happened price didnt make any great moving. But I think it may affect Bitcoin indirectly because of the fiat changing price, and the recently movement of Bitcoin is because of that fork thing which can be back to stabilize after 25th october.

Catalonia has declared independence today, it is all over the news in several countries now. Europe is going to go throught a major crisis with this I think. People living in Catalonia are going to get scared about bail ins, so there is a big incentive to have your wealth in bitcoin right now if you live in Catalonia. Who wants to leave their money in a republic with no international recognition and in the hands of some communists?

Once again bitcoin holders will profit and fiat holders will suffer from all of this. Most likely the central government of spain will soon pass some serious measures to establish order which will only escalate the problem to an higher level, but if you are holding your wealth in bitcoin you are unaffected. It is the wonders of holding an asset that belongs to no country.

But this has remained to be seen, right now we don't see movement that we can say that Catalonian fight for independence put bitcoin price to the next level. But I have to agree that bitcoin is a good safe haven for your assets in terms of hedge in cases of political and economic turmoil as we have seen in Venezuela, Zimbabwe and now Catalonia. Right now we may not see the dots connecting the situation to bitcoin price movement, but I believed that in the next succeeding days, Catalonia will put their cash to bitcoin. Let's wait how thing will evolved then.

neurotypical

hero member

Activity: 672

Merit: 503

Quote from: Lipe490 on October 22, 2017, 07:07:03 PM

Sincerely I don't see any kind of connections with Catalonia and Btc Prices because when the referendum happened price didnt make any great moving. But I think it may affect Bitcoin indirectly because of the fiat changing price, and the recently movement of Bitcoin is because of that fork thing which can be back to stabilize after 25th october.

Catalonia has declared independence today, it is all over the news in several countries now. Europe is going to go throught a major crisis with this I think. People living in Catalonia are going to get scared about bail ins, so there is a big incentive to have your wealth in bitcoin right now if you live in Catalonia. Who wants to leave their money in a republic with no international recognition and in the hands of some communists?

Once again bitcoin holders will profit and fiat holders will suffer from all of this. Most likely the central government of spain will soon pass some serious measures to establish order which will only escalate the problem to an higher level, but if you are holding your wealth in bitcoin you are unaffected. It is the wonders of holding an asset that belongs to no country.

Lipe490

sr. member

Activity: 602

Merit: 263

Sincerely I don't see any kind of connections with Catalonia and Btc Prices because when the referendum happened price didnt make any great moving. But I think it may affect Bitcoin indirectly because of the fiat changing price, and the recently movement of Bitcoin is because of that fork thing which can be back to stabilize after 25th october.

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: centralbanksequalsbombs on October 22, 2017, 06:57:59 PM

Quote from: mrcash02 on October 09, 2017, 07:27:49 PM

Quote from: centralbanksequalsbombs on October 08, 2017, 03:32:45 PM

Quote from: mrcash02 on October 07, 2017, 09:54:34 PM

Maybe the corrupt catalonians politics are pushing BTC price up. Grin

Part of this independence trial is just to save some corrupt politics from the punishment by spanish laws. Politics that were stealing from contracts of statal constructions. Unfortunatelly Bitcoin is an easy way to make this money disappear...

Maybe. People of Spain marked top 5 peoples in a country engaged in Bitcoin.

Wow, that's a lot!

Quote from: Hydrogen on October 08, 2017, 04:30:00 PM

I'll try to do a better job explaining how Catalonia and bitcoin could be related.

There are many threads in these forums discussing banks. Most would likely agree banks desire centralized one world governments. This is the reason why star trek has a centralized federation of planets. To give people the idea that a centralized socialist state will someday conquer war, poverty, racism & other evils.

Catalonia and the UK moving towards independence and decentralized government flies in the face of the goals bankers wish to accomplish. Brexit and Catalonia becoming independent would reduce the influence central banks have in the world. It reduces the degree to which governments of the world are centralized, increasing bitcoin's chances of success as bitcoin has better chances of surviving in a world of independent states than it does a centralized one world government run by central banks.

I feel like there's a better way to break this topic down. I'm just not seeing it right now.

But if Catalonia becomes independent and the neo-communists/socialists take it (what has a great chance to happen), it won't be good for Bitcoin, for people who live/work there and for their individual choices. It will just be good for the command, the parasites who sell the false idea of equality, love, mutual respect and all other lies these people like to tell to conquer lands and slave nations.

Bitcoin wouldn't have any chance on a society like this.

I disagree, you see in countries that experience economic restrictions or war (ie if a local geography such as Catalonia is targeted), it seems to fuel more adoption to Bitcoin. Look at the already high rates of Bitcoin trades in Spain. Look at Bitcoin adoption in Venezuela, in Nigeria, in India, Argentina.

Heck, even in USA, as the stock market has had tiny falls, you see something like this:

After the initial reaction of riotpolice forces, Catalonian people might as well go more nuts on bitcoin to drain the violent establishment of its systemic resources.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019

example screenshot:

Yep plus cataluña has been the first here in spain to have bitcoin atm's so they are definitely ready to use bitcoin and it is obviously showing. I do think that independence wont actually happen though.

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Quote from: mrcash02 on October 09, 2017, 07:27:49 PM

Quote from: centralbanksequalsbombs on October 08, 2017, 03:32:45 PM

Quote from: mrcash02 on October 07, 2017, 09:54:34 PM

Maybe the corrupt catalonians politics are pushing BTC price up. Grin

Part of this independence trial is just to save some corrupt politics from the punishment by spanish laws. Politics that were stealing from contracts of statal constructions. Unfortunatelly Bitcoin is an easy way to make this money disappear...

Maybe. People of Spain marked top 5 peoples in a country engaged in Bitcoin.

Wow, that's a lot!

Quote from: Hydrogen on October 08, 2017, 04:30:00 PM

I'll try to do a better job explaining how Catalonia and bitcoin could be related.

There are many threads in these forums discussing banks. Most would likely agree banks desire centralized one world governments. This is the reason why star trek has a centralized federation of planets. To give people the idea that a centralized socialist state will someday conquer war, poverty, racism & other evils.

Catalonia and the UK moving towards independence and decentralized government flies in the face of the goals bankers wish to accomplish. Brexit and Catalonia becoming independent would reduce the influence central banks have in the world. It reduces the degree to which governments of the world are centralized, increasing bitcoin's chances of success as bitcoin has better chances of surviving in a world of independent states than it does a centralized one world government run by central banks.

I feel like there's a better way to break this topic down. I'm just not seeing it right now.

But if Catalonia becomes independent and the neo-communists/socialists take it (what has a great chance to happen), it won't be good for Bitcoin, for people who live/work there and for their individual choices. It will just be good for the command, the parasites who sell the false idea of equality, love, mutual respect and all other lies these people like to tell to conquer lands and slave nations.

Bitcoin wouldn't have any chance on a society like this.

I disagree, you see in countries that experience economic restrictions or war (ie if a local geography such as Catalonia is targeted), it seems to fuel more adoption to Bitcoin. Look at the already high rates of Bitcoin trades in Spain. Look at Bitcoin adoption in Venezuela, in Nigeria, in India, Argentina.

Heck, even in USA, as the stock market has had tiny falls, you see something like this:

After the initial reaction of riotpolice forces, Catalonian people might as well go more nuts on bitcoin to drain the violent establishment of its systemic resources.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019

example screenshot:

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: centralbanksequalsbombs on October 08, 2017, 03:32:45 PM

Quote from: mrcash02 on October 07, 2017, 09:54:34 PM

Maybe the corrupt catalonians politics are pushing BTC price up. Grin

Part of this independence trial is just to save some corrupt politics from the punishment by spanish laws. Politics that were stealing from contracts of statal constructions. Unfortunatelly Bitcoin is an easy way to make this money disappear...

Maybe. People of Spain marked top 5 peoples in a country engaged in Bitcoin.

Wow, that's a lot!

Quote from: Hydrogen on October 08, 2017, 04:30:00 PM

I'll try to do a better job explaining how Catalonia and bitcoin could be related.

There are many threads in these forums discussing banks. Most would likely agree banks desire centralized one world governments. This is the reason why star trek has a centralized federation of planets. To give people the idea that a centralized socialist state will someday conquer war, poverty, racism & other evils.

Catalonia and the UK moving towards independence and decentralized government flies in the face of the goals bankers wish to accomplish. Brexit and Catalonia becoming independent would reduce the influence central banks have in the world. It reduces the degree to which governments of the world are centralized, increasing bitcoin's chances of success as bitcoin has better chances of surviving in a world of independent states than it does a centralized one world government run by central banks.

I feel like there's a better way to break this topic down. I'm just not seeing it right now.

But if Catalonia becomes independent and the neo-communists/socialists take it (what has a great chance to happen), it won't be good for Bitcoin, for people who live/work there and for their individual choices. It will just be good for the command, the parasites who sell the false idea of equality, love, mutual respect and all other lies these people like to tell to conquer lands and slave nations.

Bitcoin wouldn't have any chance on a society like this.

patt0

legendary

Activity: 1694

Merit: 1005

Betting Championship betking.io/sports-leaderboard

I don't think the recent increase in the bitcoin value has anything to do with this Referendum. Bitcoin price is increasing because the market seems quite more stable now, and we are getting positive news from all around the world, in terms of regulation and adoption.
The only thing that this referendum proves, is that people are way more organized now, and fight for their values when they don't like the decisions made by the government. This is not affecting the price of bitcoin, but it signals, that if any government in Europe attempts to hurt bitcoin in any way, people will probably get together and protest, so I really think crypto will only get more and more popular, and it will not be stopped by any government.

Hydrogen

legendary

Activity: 2562

Merit: 1441

I'll try to do a better job explaining how Catalonia and bitcoin could be related.

There are many threads in these forums discussing banks. Most would likely agree banks desire centralized one world governments. This is the reason why star trek has a centralized federation of planets. To give people the idea that a centralized socialist state will someday conquer war, poverty, racism & other evils.

Catalonia and the UK moving towards independence and decentralized government flies in the face of the goals bankers wish to accomplish. Brexit and Catalonia becoming independent would reduce the influence central banks have in the world. It reduces the degree to which governments of the world are centralized, increasing bitcoin's chances of success as bitcoin has better chances of surviving in a world of independent states than it does a centralized one world government run by central banks.

I feel like there's a better way to break this topic down. I'm just not seeing it right now.

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Quote from: mrcash02 on October 07, 2017, 09:54:34 PM

Maybe the corrupt catalonians politics are pushing BTC price up. Grin

Part of this independence trial is just to save some corrupt politics from the punishment by spanish laws. Politics that were stealing from contracts of statal constructions. Unfortunatelly Bitcoin is an easy way to make this money disappear...

Maybe. People of Spain marked top 5 peoples in a country engaged in Bitcoin.

pinkflower

sr. member

Activity: 868

Merit: 259

Thats some bad reporting there. Does he really believe even the casual readers will buy that? No one is that stupid. The writer is trying to connect two hopelessly disjointed dots.

Maybe someone should tell him that Catalonia is not China and that he should step out of this fantasy he is creating.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Maybe the corrupt catalonians politics are pushing BTC price up. Grin

Part of this independence trial is just to save some corrupt politics from the punishment by spanish laws. Politics that were stealing from contracts of statal constructions. Unfortunatelly Bitcoin is an easy way to make this money disappear...

XinXan

hero member

Activity: 1064

Merit: 505

Unless it goes up or down more than 1000$ there is no reason to think bitcoin is being influenced by anything. If you are not new to bitcoin you know the price can randomly go up a few hundred dollars even if nothing interesting/important happened because that's just how volatile bitcoin is.

btc_angela

hero member

Activity: 2660

Merit: 551

I think they are speculating that Catalonia population and Catalonia bitcoin community will turn into bitcoin for their survival if the unrest continues to the next coming months. Similar to what Venezuelan's are doing right now in face of a financial crisis. Venezuelan's used bitcoin to buy goods outside of their country. The bitcoin community use it to food or even medicine, while Venezuelans abroad use it as remittances. However, I'm not sure how big the bitcoin community in Catalonia to make a significant impact in the price today.

iram1011

hero member

Activity: 896

Merit: 521

I seriously doubt that this news has anything to do with recent Bitcoin price surge. I didn't see price tumble when the Spain police took harsh measures on these protestors before, then why now it is increasing when the support is firm. I just didn't understand the relation. I don't think that even 1% of Catalonia’s population is into Bitcoin. Why would there be any impact? What all Bitcoin is gonna get with Catalonia's freedom. If someone can make it more clear to me.

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Quote from: Hydrogen on October 02, 2017, 02:44:04 AM

Quote

News that Catalonia has won ‘right to statehood’ sent the price of Bitcoin at $4400 on Sunday evening, close to 45% above the recent low.

It’s now official, 90% of Catalans who participated in Sunday’s referendum voted for independence.

That sounds like a clear victory for Catalonia’s independence movement.

The trouble is that only 42.3% of Catalonia’s participated in the referendum, which Spain’s constitutional court has declared illegal. And scores of people were injured in clashes with police.

Source: Coinranking.com

While it is still unclear which way things will go next, one thing is clear, uncertainty is to spread over Spain, EU, and the global economy.

That’s music in the ears of Bitcoin traders who pushed the digital currency up close to $150 dollars on Sunday evening, as clashes between pro-independence demonstrators and Spanish police broke off.

Bitcoin prices have stayed firmly above $4ooo recently, as traders have realized that the digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings.

Meanwhile, the digital currency has emerged as the new “gold,” a hedge against growing global uncertainty, as it was discussed in a previous piece here.

http://cfd.net.au/article/catalonia-referendum-pushes-bitcoin-prices-above-4400-mon-10022017-0408.html

...

I don't know how strongly this news might be linked to bitcoin's value. The rationalization behind it seems to say Catalonia's independence is similar to the UK's brexit. It represents decentralization and the opposite paradigm to the one world government, one world currency, cashless society initiatives which globalists and perhaps central banks favor.

For those in europe who know more about this, what's your take on this?

Is it surprising to anyone how vehemently violent the governing establishment can be with their violent squadrons of "police"?

Centralbank system feeds war and conflict - this is what your fiat currency, US Dollar, Indian Rupee, Chinese Yuan, and Euros do.

Bitcoin became unstoppable since 2013. Bitcoin is growing immensely despite all big banks in every country starting a war 4-years ago on bitcoin in 2013 (all supervisors and tellers have been told to reject transactions relating to bitcoin if they are told about it but the easy way around this for everyone in the world was simply keep quiet and buy/sell transactions but never say "bitcoin".)

Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries:
https://coin.dance/volume/localbitcoins

Lookout for another upcoming strong solution that will make bitcoin's decentralization stronger is cross-chain atomic swaps! Decentralized trade without fiat.

Hydrogen

legendary

Activity: 2562

Merit: 1441

Quote

News that Catalonia has won ‘right to statehood’ sent the price of Bitcoin at $4400 on Sunday evening, close to 45% above the recent low.

It’s now official, 90% of Catalans who participated in Sunday’s referendum voted for independence.

That sounds like a clear victory for Catalonia’s independence movement.

The trouble is that only 42.3% of Catalonia’s participated in the referendum, which Spain’s constitutional court has declared illegal. And scores of people were injured in clashes with police.

Source: Coinranking.com

While it is still unclear which way things will go next, one thing is clear, uncertainty is to spread over Spain, EU, and the global economy.

That’s music in the ears of Bitcoin traders who pushed the digital currency up close to $150 dollars on Sunday evening, as clashes between pro-independence demonstrators and Spanish police broke off.

Bitcoin prices have stayed firmly above $4ooo recently, as traders have realized that the digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings.

Meanwhile, the digital currency has emerged as the new “gold,” a hedge against growing global uncertainty, as it was discussed in a previous piece here.

http://cfd.net.au/article/catalonia-referendum-pushes-bitcoin-prices-above-4400-mon-10022017-0408.html

...

I don't know how strongly this news might be linked to bitcoin's value. The rationalization behind it seems to say Catalonia's independence is similar to the UK's brexit. It represents decentralization and the opposite paradigm to the one world government, one world currency, cashless society initiatives which globalists and perhaps central banks favor.

For those in europe who know more about this, what's your take on this?

Topic: Catalonia Referendum Pushes Bitcoin Prices Above $4400 (Read 785 times)