Greeks are rushing to Bitcoin | Bitcointalksearch.org

Anony

sr. member

Activity: 308

Merit: 250

Invest & Earn: https://cloudthink.io

Quote from: jaysabi on June 29, 2015, 08:25:45 PM

The question is does it matter? If they're only adopting bitcoin to get their money out of the country while the banks are closed, this is meaningless, as they'll convert to a more stable fiat elsewhere.

If, however, they are adopting bitcoin to use in place of fiat, that will be big news. I'll be interested to see if there is a large influx into bitcoin in Greece that persists, but my guess is people are taking the path of least resistance out atm, and also not doing so in substantially consequential numbers.

Because Bitcoin is a better bet than the euro,Greeks are turning to online trading platforms with digital money .Greeks have been targeted because the currency is in a slump. As headquartered in Shanghai, is seeing a 40% increase in visitors using computers in Greece.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: jaysabi on June 29, 2015, 08:25:45 PM

The question is does it matter? If they're only adopting bitcoin to get their money out of the country while the banks are closed, this is meaningless, as they'll convert to a more stable fiat elsewhere.

Not all of them will convert their BTC back to fiat. Some of them will keep a small part of their wealth in the form of Bitcoin. Anyway, this gives an ideal opportunity to popularize the Bitcoins among the ordinary Greeks. Bitcoin will be getting a lot of new users in the next few months time from Greece, and who knows, this might even trigger another spike in the exchange rates.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: jaysabi on June 29, 2015, 08:25:45 PM

The question is does it matter? If they're only adopting bitcoin to get their money out of the country while the banks are closed, this is meaningless, as they'll convert to a more stable fiat elsewhere.

If, however, they are adopting bitcoin to use in place of fiat, that will be big news. I'll be interested to see if there is a large influx into bitcoin in Greece that persists, but my guess is people are taking the path of least resistance out atm, and also not doing so in substantially consequential numbers.

Agree. This is like in Argentina. I don't think it will last long! I don't think the masses in Greece know anything about bitcoin yet!

H.W.Z

hero member

Activity: 574

Merit: 500

Bitcoin will become digital gold. Especially when some crisises or wars are arising, ppl will buy it as a way of preseving value.

BLKBITZ

full member

Activity: 161

Merit: 100

As soon as Greece leaves and has its own currency they will move back to fait.

Wilikon

legendary

Activity: 1176

Merit: 1001

minds.com/Wilikon

They are not true believers. It will not last. It's a desperate move.

jaysabi

legendary

Activity: 2044

Merit: 1115

★777Coin.com★ Fun BTC Casino!

The question is does it matter? If they're only adopting bitcoin to get their money out of the country while the banks are closed, this is meaningless, as they'll convert to a more stable fiat elsewhere.

If, however, they are adopting bitcoin to use in place of fiat, that will be big news. I'll be interested to see if there is a large influx into bitcoin in Greece that persists, but my guess is people are taking the path of least resistance out atm, and also not doing so in substantially consequential numbers.

omegaflare

sr. member

Activity: 331

Merit: 250

http://money.cnn.com/2015/06/29/technology/greece-bitcoin/index.html?iid=ob_homepage_money_pool&iid=obnetwork

Quote

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.

Even trading platforms in China are getting interest. LakeBTC, headquartered in Shanghai, is seeing a 40% increase in visitors using computers in Greece.

Take that EU! Fuck US DOLLAR! Fuck all FIAT! Bitcoin is the ANSWER!

Topic: Greeks are rushing to Bitcoin (Read 519 times)