Topic: How will a Greek exit from the Euro affect BTC? - page 2. (Read 2955 times)
There are many countries that should never have been adopted into the European Union. Countries like Greece, Romania, Bulgaria and Poland were all fooled into thinking that in the EU would be better. In reality, the EU just uses them like slave labor, takes their resources and burdens them with restrictive laws and debts in the form of IMF loans. If Greece leaves they will be the lucky ones, but BTC will be unaffected.
As it has never happened before, it's hard to predict the outcome of a country leaving the Euro zone, but I sincerely hope Greece will be kicked out. It will be a huge shock at first, but the Euro zone should quickly get better without that black sheep. Greece is only dragging down the Euro. Nobody benefits from its presence. It's only a burden, and it will take decades before the country gets better. Why should the people from Northern Europe help them? Greece is useless and unneeded, with a new prime minister that barks like a mad dog.
It's a beautiful country, though. There might be a few Greeks rushing to buy BTC if the country goes back to the drachma, but I don't expect a sharp rise in its price.
It's a beautiful country, though. There might be a few Greeks rushing to buy BTC if the country goes back to the drachma, but I don't expect a sharp rise in its price.
Will we see any major price changes because of it?
I don't think it will effect bitcoin in the slightest, unless the Greeks start putting their money into it. Bitcoin could see a surge in countries that are going through economic woes though.
Relevant knowledge :
If Greece exits here is what happen
Morgan Stanley says Grexit would send eur/usd crashing to 0.9
Also :
IMO, in the long term it would be better for strong countries to drop the weak ones (because there is no reason for the weak countries to ever get better) but it would cause a huge crisis.
IMHO there are a lot of discussions we are not aware of. Basically Greece will not be kicked out.
But that's not what you want to know...
If Greece would be kicked out, I think that Euro currency will suffer.
But Bitcoin is not tied to Euro. It should not be tied to any currency, though I have a feeling that it's actually sortof tied to USD.
So Bitcoin price will not be affected at all. Just if you are in Europe, you'll feel like Bitcoin became a lot more expensive.
But that's not what you want to know...
If Greece would be kicked out, I think that Euro currency will suffer.
But Bitcoin is not tied to Euro. It should not be tied to any currency, though I have a feeling that it's actually sortof tied to USD.
So Bitcoin price will not be affected at all. Just if you are in Europe, you'll feel like Bitcoin became a lot more expensive.
- Greece won't exit the euro
About how embracing BTC can be for completely broke Joe Average, I don't know. Actually I have some doubts.
Perhaps some more technology biased company will discover BTC as a way of transmitting funds. It is a small milestone on the road to mass adoption, but definitely not mass adoption happening today.
Partly Neo & Bee messed that up, https://www.youtube.com/channel/UCoROx4ZAwcFQdSeX0z_xonQ
The (in)official opinion of Varoufakis http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/ might be helpfull, too.
- Greece won't exit the euro
Dont be so sure about this. There are big % of Greece abandoning (or getting kicked) from the Euro.
As we told here : https://bitcointalksearch.org/topic/greece-greenspan-predicts-exit-from-euro-inevitable-949374 I think the Greece will never get out from the Europe.
Will we see any major price changes because of it?
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.
cheers
- 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/
Will we see any major price changes because of it?
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