If Greece leaves Euro - effect on BTC?

vanobe

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Quote from: panju1 on July 03, 2015, 11:34:19 PM

Quote from: jenifer0012 on July 03, 2015, 11:21:33 PM

Greece leaving Euro and adopting bitcoin shouldn't have a drastic effect on the bitcoins imo.

Greece adopting Bitcoin is just not possible. The people may prefer it, but the government can't implement it officially. It is broke, it just cant buy bitcoins. Cheesy

All the Greek government can afford to do is start printing Drachmas again if it stops using the Euro. It only needs to buy blank paper and ink. Buying Bitcoins would be immensely more expensive and would only work for computer literate people. Most countries, including Greece, have an aging population, many of whom are not computer literate.

wakasaki808

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If greece adopt btc as currency will be like tales history, with ponies and weed.

moneyflow

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Greece leaving the euro, without any doubts will have a VERY positive effect on the BTC.
1. it will encourage other nations to adopt bitcoin, in fact it will make nations which have banned bitcoins to change their minds and give bitcoin a try
2. bitcoin will become a true global currency over time
3. the rates of the bitcoin will rise with more people losing faith in fiat money and appreciating bitcoins

panju1

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Quote from: jenifer0012 on July 03, 2015, 11:21:33 PM

Greece leaving Euro and adopting bitcoin shouldn't have a drastic effect on the bitcoins imo.

Greece adopting Bitcoin is just not possible. The people may prefer it, but the government can't implement it officially. It is broke, it just cant buy bitcoins. Cheesy

jenifer0012

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Greece leaving Euro and adopting bitcoin shouldn't have a drastic effect on the bitcoins imo. Though with the decline of faith in fiat money, the bitcoins will be appreciated more. Greece adopting bitcoins will only result in the rise in prices of the bitcoins!

Amph

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Quote from: DieJohnny on June 28, 2015, 10:10:54 PM

nothing

nobody will look to bitcoin unless the dollar shows weakness

and even then they will look at euro, or some other fiat, i don't remember the strongest after euro, so bitcoin will not be their first choice unless the whole centralized economy collapse, and surely will not happen overnight will the Grexit

also if someone really think that a poor country like Greek with all the problems that they have about their economy, will start to buy bitcoin and to rise the price to permit that at random strangers or early adopters to dump it afterward, you are only fool yourself

Biodom

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Bitcoin is not a salvation for greeks at the moment, but it might be different in the future.
As far as greeks are concerned, just imagine how terrible would you feel if the money you had in the bank is suddenly unavailable to you, as it is to greeks.
euro 60/day from tuesday sounds more like an allowance than anything else. Greeks rights are certainly trampled (hopefully, only for a short while).
I think that both parties in the negotiation behaved inappropriately, and that's a tragedy.

Short term-no or marginal effect on btc.

Cconvert2G36

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Quote from: photon_coin on June 28, 2015, 10:17:07 PM

Greece leaving the euro may have an impact on the tax payers of the countries who hold the most debt from there, probably Germany maybe France, i cannot see this as even related to the btc economy really directly though

It's not. But neither was Cyprus. It does make people think about where and how all their paper wealth is stored.

photon_coin

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Photon --- The First Child Of Blake Coin --Merged

Greece leaving the euro may have an impact on the tax payers of the countries who hold the most debt from there, probably Germany maybe France, i cannot see this as even related to the btc economy really directly though

DieJohnny

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nothing

nobody will look to bitcoin unless the dollar shows weakness

elux

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Quote from: Cluster2k on June 28, 2015, 09:24:20 PM

I guess we have the answer.

Q: What effect does Greece leaving the Euro have on bitcoin's value?

A: None

History may find your verdict extremely premature.

This terrible situation validates the core concept of Bitcoin.

Because, Bitcoin will not shut down on Monday.

Bitcoin is money beyond the reach of politics.

Money that cannot be censored or confiscated at will.

An alternative that is always there, and just keeps going.

Under adversarial conditions. Indeed, under any conditions.

Come monday, all Greek banks will be closed.

And Bitcoin will be open for business.

On Monday, and every day, in Greece and everywhere, 24/7.

So, it falls on Greeks citizens and Greek companies to make do with any one of three options.

Cash, or barter, or Bitcoin.

And almost all Greeks will choose cash and barter, but Bitcoin will be there.

And when the world comes crashing down,

Bitcoin is the better option.

And so, the great deluge begins with a trickle.

Cluster2k

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I guess we have the answer.

Q: What effect does Greece leaving the Euro have on bitcoin's value?

A: None

The price went up slightly in anticipation of a Grexit, but we've seen many such rises before. It's obviously driven by people outside of Greece buying bitcoins in anticipation of the Greeks wanting them, but if you're the average Greek who has to buy food, fuel, and shelter which would you want right now: Euros or bitcoins?

I think the answer is obvious.

mjosephs

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ammy009

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no, if Greece leaves Euro then there is no effect on BTC ......... but .......
if Greece adopts BTC then the price of BTC will rise ......

ausbit

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Quote from: srgkrgkj on June 26, 2015, 09:24:58 AM

Quote from: MF Doom on June 26, 2015, 09:02:29 AM

Quote from: Zorrocoin on June 24, 2015, 04:42:25 AM

If Greece adopts bitcoins, the price will go up, other than that don't see much happening.

I doubt any country is going to officially "adopt" btc. BUT, I just heard Ron Paul say that a candidate for French president is considering leaving the Euro as well, if things like this continue to happen, THEN there may be enough momentum in europe for a new currency that btc could become a viable option. Could happen sooner than we think!

many small economies in eastern europe may soon "swtich" over to btc or some other from of crypto but the big ones like cvhina and the US cant sustain a economy with Bitcoin as the primariy money substitute...

What a load of shit, most small countries don't even know much if anything about btc or other cryptos and have no plan to start using them as a national currency.
In a recent servey something like about 50% of American citizens said they would never use bitcoin.

MF Doom

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Quote from: srgkrgkj on June 26, 2015, 09:24:58 AM

Quote from: MF Doom on June 26, 2015, 09:02:29 AM

Quote from: Zorrocoin on June 24, 2015, 04:42:25 AM

If Greece adopts bitcoins, the price will go up, other than that don't see much happening.

I doubt any country is going to officially "adopt" btc. BUT, I just heard Ron Paul say that a candidate for French president is considering leaving the Euro as well, if things like this continue to happen, THEN there may be enough momentum in europe for a new currency that btc could become a viable option. Could happen sooner than we think!

many small economies in eastern europe may soon "swtich" over to btc or some other from of crypto but the big ones like cvhina and the US cant sustain a economy with Bitcoin as the primariy money substitute...

Do you have any sort of actual evidence of this happening? It seems like a lot of people would have to act in unison to really start using btc day to day, and make it so people aren't constantly just converting to fiat. I think it would be great if adoption picks up more with the many currency crises, but its going to take a concentrated effort by THE PEOPLE to really make it happen, I would hold no faith in any gvt to make this happen...

srgkrgkj

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Quote from: MF Doom on June 26, 2015, 09:02:29 AM

Quote from: Zorrocoin on June 24, 2015, 04:42:25 AM

If Greece adopts bitcoins, the price will go up, other than that don't see much happening.

I doubt any country is going to officially "adopt" btc. BUT, I just heard Ron Paul say that a candidate for French president is considering leaving the Euro as well, if things like this continue to happen, THEN there may be enough momentum in europe for a new currency that btc could become a viable option. Could happen sooner than we think!

many small economies in eastern europe may soon "swtich" over to btc or some other from of crypto but the big ones like cvhina and the US cant sustain a economy with Bitcoin as the primariy money substitute...

MF Doom

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Quote from: Zorrocoin on June 24, 2015, 04:42:25 AM

If Greece adopts bitcoins, the price will go up, other than that don't see much happening.

I doubt any country is going to officially "adopt" btc. BUT, I just heard Ron Paul say that a candidate for French president is considering leaving the Euro as well, if things like this continue to happen, THEN there may be enough momentum in europe for a new currency that btc could become a viable option. Could happen sooner than we think!

masterluc

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Quote from: NeuroticFish on June 24, 2015, 04:50:00 AM

Greece will not leave (nor get kicked out of) EU yet.
But IF that WOULD happen, I expect that Euro will also get hurt a lot. And not only me will expect that.
The result will be that Bitcoin and USD will gain quite some %.

USD may get a gain OR Bitcoin may get. But not both at a time - they are opposite.

ausbit

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Quote from: cryptojumper on June 25, 2015, 06:04:21 AM

Quote from: ausbit on June 25, 2015, 05:35:37 AM

Kim dotcom seem to think it may have a big effect on bitcoin and gold.
http://cointelegraph.com/news/114629/kim-dotcom-says-greece-will-crash-market-buy-bitcoin-and-gold

Can't find any arguments there why should problems of Greece crash the stock markets or have any influence on bitcoin price at all..

I agree, i think he is kinda betting on a long shot with this prediction.
I dont think it would have a negative effect on bitcoin so always worth holding and seeing how this thing plays out.

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