I don´t know the effect over bitcoin, but i know greece will recover vastly, europe is a trap.
Not so sure about that. They are not going to magically start producing value by leaving the euro. 
Topic: How will a Greek exit from the Euro affect BTC? (Read 2941 times)
I don´t know the effect over bitcoin, but i know greece will recover vastly, europe is a trap.
financial irresponsibility isn't bad for the currency it's bad for the irresponsible managers of the currency. If people are stupid and spend irresponsibly then the money isn't worth squat to them. It's not so much that currency isn't valuable but when you have no currency to spend you are just poor and have to find some way to get currency and hopefully be responsible the next time. That's why Greece is now looking for debt forgiveness.
With the exception of Argentina, Venezuela, Brazil, Iran, Pakistan, etc.currency controls doesn't bring any benefit to Bitcoin.
Anyway, Bitcoin is still experimental and probably most Greeks don't anything about that. Of course, it still remains as a great option in case of a bank run.
Fixed
Brazil doesn't have currency controls.
Venezuela, Iran or Pakistan hold more potential regarding this. But none of these countries has the same level of adoption or knowledge about Bitcoin reached by Argentina, so until this moment, currency controls didn't increase significatively the adoption of Bitcoin.
Nothing will happen because most people don't even know what Bitcoin is and will rather keep their money under the sofa.
Under the sofa you say? what year are you in?
No Greece is going nowhere if they left who is going to bail them out.
But if they was to leave BTC price will still stay the same imo
We shall consider the alternative. Greece gets a new bailout, and some of its debt is cancelled. The instant effect will be a Euro going down against the dollar, which may trigger a rise in BTC's price which would suddenly look stronger.
Either way, the Euro will lose, which is bad but the worse to see the Greeks winning that battle. They are the bad guys. Many African countries are more efficient than Greece!
Either way, the Euro will lose, which is bad but the worse to see the Greeks winning that battle. They are the bad guys. Many African countries are more efficient than Greece!
With the exception of Argentina, Venezuela, Brazil, Iran, Pakistan, etc.currency controls doesn't bring any benefit to Bitcoin.
Anyway, Bitcoin is still experimental and probably most Greeks don't anything about that. Of course, it still remains as a great option in case of a bank run.
Fixed
Nothing will happen because most people don't even know what Bitcoin is and will rather keep their money under the sofa.
Greece going out of EU will have little or no impact on price of bitcoin, there may be some pump attempts, but i doubt it will go anywhere.
I would rather invest in EUR than in btc right now, because without parasyte Greece, EU will be better off now.
The Euro and its unelected bureaucracy will attract parasites like shit attracts flies. You'd better get used to it. I would rather invest in EUR than in btc right now, because without parasyte Greece, EU will be better off now.
Greece's government could leave the €, but the Greeks will not abandon their €.
In fact, many of the just moved their € from Greece's banks to germany's banks, to avoid any risk of bank's holidays and forced conversion to new drachmas.
If the Government just default on the debt or leave the €, it will need to pay every imports, good and service in € or $ or gold. In full and upfront.
The worst thing can happen to a government is just being forced to pay upfront and in cash for its spending and with someone else money.
They would be forced to tax as much as they like to spend. And, usually, this lead to peasants with pitchforks showing under the walls of the governments offices.
They would be forced to balance their budget. Ohhh the horror!!!! The HORROR!!!!
The default on the debt would cause an increase on the government debts of other countries. This is because they can not afford Greece to default, because this would cause a chain reaction of insolvency.
Italy, my country, is just on the brink of the default. 600+€ per capita added to the government debt will not help a lot. It would push the debt/gdp ratio near 140% in a moment.
Other smaller countries would be in similar situations. Their debt/GDP could be better, but their economy could not endure the increase of interest rate or just be unable to pay more.
Even Germany, their bank sector is vulnerable to defaults, because their banks are overextended (often a lot more than Italy's).
The QE is needed to backstop all of this injecting enough liquidity to prevent the other countries and their banks from popping like Christmas lights after the Greek government default.
What will happen is a large increase of currency controls. And this will benefit Bitcoin adoption.
In fact, many of the just moved their € from Greece's banks to germany's banks, to avoid any risk of bank's holidays and forced conversion to new drachmas.
If the Government just default on the debt or leave the €, it will need to pay every imports, good and service in € or $ or gold. In full and upfront.
The worst thing can happen to a government is just being forced to pay upfront and in cash for its spending and with someone else money.
They would be forced to tax as much as they like to spend. And, usually, this lead to peasants with pitchforks showing under the walls of the governments offices.
They would be forced to balance their budget. Ohhh the horror!!!! The HORROR!!!!
The default on the debt would cause an increase on the government debts of other countries. This is because they can not afford Greece to default, because this would cause a chain reaction of insolvency.
Italy, my country, is just on the brink of the default. 600+€ per capita added to the government debt will not help a lot. It would push the debt/gdp ratio near 140% in a moment.
Other smaller countries would be in similar situations. Their debt/GDP could be better, but their economy could not endure the increase of interest rate or just be unable to pay more.
Even Germany, their bank sector is vulnerable to defaults, because their banks are overextended (often a lot more than Italy's).
The QE is needed to backstop all of this injecting enough liquidity to prevent the other countries and their banks from popping like Christmas lights after the Greek government default.
What will happen is a large increase of currency controls. And this will benefit Bitcoin adoption.
With the exception of Argentina, currency controls doesn't bring any benefit to Bitcoin.
Anyway, Bitcoin is still experimental and probably most Greeks don't anything about that. Of course, it still remains as a great option in case of a bank run.
We'll have to wait for tomorrow, February 11 to see. Greece won't be exiting the Euro most likely but since the eurogroup takes place tomorrow we'll surely see some interesting events unfold. And honestly, if you're going to get your news from an online source, my suggestion is that you should also use a website that is located to a country withing the eurozone.
http://www.dw.de/ from Germany and http://www.ekathimerini.com/ from Greece are decent imo. Websites like http://www.independent.co.uk/ and most websites from the USA always take a different approach on the topic. Sometimes their reports range from inaccurate absolute speculation. You need to look at both sides of the story to have a clear image.
http://www.dw.de/ from Germany and http://www.ekathimerini.com/ from Greece are decent imo. Websites like http://www.independent.co.uk/ and most websites from the USA always take a different approach on the topic. Sometimes their reports range from inaccurate absolute speculation. You need to look at both sides of the story to have a clear image.
they will not affect it in any way, fiat are still far awar from bitcoin, they ignore it
I don't think Greece will finally exit the euro but if it does the ensuing bank runs in Greece and the "soft" EUR countries (PIIGS) can only pump up BTC.
Don't think that Greece will exit Euro and wheter she does it or not, that doesn't affect BTC price.
If Greece exit Euro, wouldn't that essential make euro stronger. It might send a jolt to the market, that probably would have positive impact on btc price but in long term, I don't think so. Probably more significant is the total collapse of euro.
The euro would take a hit relative to itself if Greece leaves (which won't happen). A exit would leave a very large debt/tax bill uncollected to the eurozone. Greece would fall into a massive inflationary spiral if they tried to implement their own currency again. The price of goods and services would skyrocket in Greece; most citizens wouldn't be able to afford anything; Greece wouldn't be able to afford anything with their near valueless country.
I.e. Greece is not leaving. It's just acting like the little brother right now because his older brothers got new clothes and he didn't (for once).
- Greece won't exit the euro
- Grecce's situation won't have any dirrect effect on bitcoin's price
Oh and by the way, news about Cypriots using bitcoin when their bank funds were locked were overhyped bullshit. Also, if you see the price rising and people blame it on news related to Greece it's still not a direct effect. It's irrelevant people trying to pump the price thinking that their trend will catch on after the news.
Get your facts straight. And if you think that any of the above is not true, please enlighten me how come you know more about Greece than someone who actually lives in the country?
Relevant read:
http://newsbtc.com/2015/01/28/will-bitcoin-solution-greeces-deep-rooted-problems/
I fully agree. I don't understand people's obsession with a "doom-gloom" collapse of Greece and a massive flocking to BTC. I see the current events surround Greece as a call for help. Greece entered the eurozone for the same reason it now wants to leave it; debt. They need solutions to their debts. Those in the eurozone stand to lose to much if Greece left. Besides, per the European Central Bank I am not too sure it is even legal for Greece to sever its ties to seek sovereignty under the current circumstances. What do you think may happen?
If Greece exit Euro, wouldn't that essential make euro stronger. It might send a jolt to the market, that probably would have positive impact on btc price but in long term, I don't think so. Probably more significant is the total collapse of euro.
I just saw this in the main board
http://yanisvaroufakis.eu/2014/03/13/debating-bitcoin-on-abc-late-night-live-with-phillip-adams-and-andreas-andreopoulos/
Varoufakis consider bitcoin brilliant but he is skeptic.
http://yanisvaroufakis.eu/2014/03/13/debating-bitcoin-on-abc-late-night-live-with-phillip-adams-and-andreas-andreopoulos/
Varoufakis consider bitcoin brilliant but he is skeptic.
Greece's government could leave the €, but the Greeks will not abandon their €.
In fact, many of the just moved their € from Greece's banks to germany's banks, to avoid any risk of bank's holidays and forced conversion to new drachmas.
If the Government just default on the debt or leave the €, it will need to pay every imports, good and service in € or $ or gold. In full and upfront.
The worst thing can happen to a government is just being forced to pay upfront and in cash for its spending and with someone else money.
They would be forced to tax as much as they like to spend. And, usually, this lead to peasants with pitchforks showing under the walls of the governments offices.
They would be forced to balance their budget. Ohhh the horror!!!! The HORROR!!!!
The default on the debt would cause an increase on the government debts of other countries. This is because they can not afford Greece to default, because this would cause a chain reaction of insolvency.
Italy, my country, is just on the brink of the default. 600+€ per capita added to the government debt will not help a lot. It would push the debt/gdp ratio near 140% in a moment.
Other smaller countries would be in similar situations. Their debt/GDP could be better, but their economy could not endure the increase of interest rate or just be unable to pay more.
Even Germany, their bank sector is vulnerable to defaults, because their banks are overextended (often a lot more than Italy's).
The QE is needed to backstop all of this injecting enough liquidity to prevent the other countries and their banks from popping like Christmas lights after the Greek government default.
What will happen is a large increase of currency controls. And this will benefit Bitcoin adoption.
In fact, many of the just moved their € from Greece's banks to germany's banks, to avoid any risk of bank's holidays and forced conversion to new drachmas.
If the Government just default on the debt or leave the €, it will need to pay every imports, good and service in € or $ or gold. In full and upfront.
The worst thing can happen to a government is just being forced to pay upfront and in cash for its spending and with someone else money.
They would be forced to tax as much as they like to spend. And, usually, this lead to peasants with pitchforks showing under the walls of the governments offices.
They would be forced to balance their budget. Ohhh the horror!!!! The HORROR!!!!
The default on the debt would cause an increase on the government debts of other countries. This is because they can not afford Greece to default, because this would cause a chain reaction of insolvency.
Italy, my country, is just on the brink of the default. 600+€ per capita added to the government debt will not help a lot. It would push the debt/gdp ratio near 140% in a moment.
Other smaller countries would be in similar situations. Their debt/GDP could be better, but their economy could not endure the increase of interest rate or just be unable to pay more.
Even Germany, their bank sector is vulnerable to defaults, because their banks are overextended (often a lot more than Italy's).
The QE is needed to backstop all of this injecting enough liquidity to prevent the other countries and their banks from popping like Christmas lights after the Greek government default.
What will happen is a large increase of currency controls. And this will benefit Bitcoin adoption.
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