Greeks are not rushing to Bitcoin.
Even a 10x increase in Google searches in Greece amounts to just about nothing.
The people that were smart and withdrew their Euros before recently will only be able to buy Bitcoin from LocalBitcoins. (The capital controls/bank closings ensure this.) Yeah, Coinbase exists in Greece...but good luck using it with the capital controls.
Unless they need to get money out of the country, there is little value in buying Bitcoin for the average Greek. They are still holding Euros, which unlike the situation in Argentina, still have value outside of the country.
The psychology of all of this is what's driving the recent slight price increase. At the end of the day, psychology is what moves markets.
Topic: Greeks are rushing to Bitcoin - page 4. (Read 3382 times)
And the price is now booming, could it be the greek effect taking place ? could we see a 300 usd in the next few days ! are greeks really aware of bitcoin and what they could do with it ?
I don't think its Greece driving us up. Google trends show the search for bitcoin from Greece is only up by 2x , which is not enough to believe the whole country is driving the price up. I feel its only the speculation that is driving the price up. Most of the citizens there still don't have their money in hand, and people who do, don't have large enough amounts to actually go buy bitcoin. 
And the price is now booming, could it be the greek effect taking place ? could we see a 300 usd in the next few days ! are greeks really aware of bitcoin and what they could do with it ?
Very good news for us, it shows that Bitcoin is a viable option to hold your funds in during uncertain fiat times, bitcoin is a lot easier to transfer than precious metals as well.
This is another related topic: https://bitcointalksearch.org/topic/m.11750150
You can have a look! I think guys here just randomly post new threads without checking the existing ones!
You can have a look! I think guys here just randomly post new threads without checking the existing ones!
this is going to be one hell of a push to bitcoin price in the last couple of months. and it obviously had the first impact on bitcoin price so far.
if the rest of the obstacles are removed from the way of Greeks to buy bitcoin, like only one bitcoin ATM and banks being shut for money transfer; then i suppose we are going to see a surge in price.
if the rest of the obstacles are removed from the way of Greeks to buy bitcoin, like only one bitcoin ATM and banks being shut for money transfer; then i suppose we are going to see a surge in price.
the fact of the possibility can make the price go up significantly. and that while greek people might not even buy into bitcoin. as long as we believe they will, we will buy and make the price go up.
this is going to be one hell of a push to bitcoin price in the last couple of months. and it obviously had the first impact on bitcoin price so far.
if the rest of the obstacles are removed from the way of Greeks to buy bitcoin, like only one bitcoin ATM and banks being shut for money transfer; then i suppose we are going to see a surge in price.
if the rest of the obstacles are removed from the way of Greeks to buy bitcoin, like only one bitcoin ATM and banks being shut for money transfer; then i suppose we are going to see a surge in price.
...
It might be hard in the very short-term for Greeks to pile into BTC now, at least with the idea of taking wealth out of Greece (to Switzerland, etc.). But, Greeks will remember these days, and I would think it very likely that once the banks are open again, there will be a nice of Greek euros into BTC. If I were Greek, I sure would be buying BTC as able, now and in the future...
Greece is pretty small to affect the BTC prices worldwide. But, it may not be too much longer until the next financial crisis, and people will start putting together an ugly picture: Cyprus, Greece and Xxxxxx (Portugal, Spain, etc.). THAT is when, IMO, BTC starts revving, at least in Europe.
It might be hard in the very short-term for Greeks to pile into BTC now, at least with the idea of taking wealth out of Greece (to Switzerland, etc.). But, Greeks will remember these days, and I would think it very likely that once the banks are open again, there will be a nice of Greek euros into BTC. If I were Greek, I sure would be buying BTC as able, now and in the future...
Greece is pretty small to affect the BTC prices worldwide. But, it may not be too much longer until the next financial crisis, and people will start putting together an ugly picture: Cyprus, Greece and Xxxxxx (Portugal, Spain, etc.). THAT is when, IMO, BTC starts revving, at least in Europe.
Well is a book store, most likely buy more book no? , but hes gonna need more bitcoins yea how is he gonna move the cash buy a plane ticket and travel with it there is cash restrictions so?
I wonder what that one guy with the only Bitcoin ATM is gunna do with all that cash? My first thought was to buy more ATM's...but how will he move the cash with banks closed?
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.
[...]
http://money.cnn.com/2015/06/29/technology/greece-bitcoin/index.html
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.
[...]
http://money.cnn.com/2015/06/29/technology/greece-bitcoin/index.html
Great article, eyes on greece could the euro bitcoin trade field blow in the day now ? with a those types on increases in usage tons of people will turn into bitcoin, hopefully bitcoin get some tv coverage in greece with the right people.
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.
[...]
http://money.cnn.com/2015/06/29/technology/greece-bitcoin/index.html
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.
[...]
http://money.cnn.com/2015/06/29/technology/greece-bitcoin/index.html
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