If Greece leaves Euro - effect on BTC? - page 2.

cryptojumper

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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..

ausbit

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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

Q7

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Nothing can be predicted at the moment because generally I would say that though the people are quite concerned about how they could protect their money but they haven't really find a way to overcome that, and even with bitcoin there, they still haven't fully buy in to adopt bitcoin. We might see the price rally a bit but the increase could be driven by current btc holders and not newcomers.

NeuroticFish

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Quote from: randy8777 on June 24, 2015, 05:24:51 AM

us dollar already gained quite a bit against the euro. i don't think it will gain even more since it might be destructive when the value of the euro falls below 1.00 if that happens prepare yourself for a lot drama.

USD gained (and will gain even more) vs Euro for completely other reason. For some months EU central bank is printing money. A lot of money.
Meanwhile US is slowly getting out of circulation parts of the huge amounts of money they've printed in the past years.
So EUR dropping under USD is not that unexpected.

randy8777

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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 %.

us dollar already gained quite a bit against the euro. i don't think it will gain even more since it might be destructive when the value of the euro falls below 1.00 if that happens prepare yourself for a lot drama.

NeuroticFish

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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 %.

sniveling

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Quote from: Herbert2020 on June 22, 2015, 07:36:13 AM

if Greece decides on leaving the Euro behind , i think it might have small effect or near none effect on bitcoin's price. but the dollar will be effected obviously by this.

Bitcoin is generally either priced in dollars or yuan. There are exchanges offering euro markets but their volume is insignificant compared to the big two currencies. If the euro falls against the dollar because of a grexit then Europeans get more euros for selling their Bitcoins, but it costs them more euros to buy Bitcoins. That might encourage them to sell rather than buy, to a limited extent.

Zorrocoin

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

cryptojumper

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Quote from: Herbert2020 on June 22, 2015, 07:36:13 AM

if Greece decides on leaving the Euro behind , i think it might have small effect or near none effect on bitcoin's price. but the dollar will be effected obviously by this.

It's more if EU leaders decide that Greece is no longer welcome since leaders of Greece seem too arrogant for the position in which their country is right now.. Why other countries have to pay them if they lived for years way above what they really earned and were increasing the dept. They still live better nowadays than those post soviet countries in EU for example..
Anyway, little to no effect on BTC price, I am sure of it.

Pab

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Yes it will,only yesterday after positive news about agreement Greeks have withdraw 900 mln euro from banks

If will be Grexit than euro may fail and much more is german banks invested in derivatives

Now many people see that current financial system based on debts very dengerous and no working anymore

There are some talks to make commecial banks be only financial services,but you know,it cant be done without fight
Polish banks already suspended polish exchanges banks accounts,that is also Greece effect,fear is all around

manselr

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Quote from: arvis on June 22, 2015, 08:19:52 PM

Turmoil in world financial markets is good for bit coin.
But I don't see the Greek crisis ending quickly

What's for sure is on the 30th they'll not pay, therefore, they'll give them 6 more months of fucking around.. and it should get solved, should. If it doesn't, it would be more against the interest of the EU than it is against the Greek's. Once a country leaves the EU, the Brussels treaty is broken, so you can expect anything... they keep reforming it tho, it's a joke.

Wexlike

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No effect at all. Greece is far behind when it comes to technogical progress and awarness.

But trader will trade according to the news.

NUFCrichard

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Quote from: Mayer Amschel on June 22, 2015, 02:28:14 AM

It will moon, as will the Dollar and Ruble.

Euro will fall.

- Mayer Amschel

I think Bitcoin rises, Euro falls then rises, much like bitcoin after Silk Road went down.
Removing the weakest link from a currency should only make it stronger. There is almost no reason why it should fall when the average strength of the economies involved is increased!

Therefore the USD and others would fall in comparison.

arvis

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Turmoil in world financial markets is good for bit coin.
But I don't see the Greek crisis ending quickly

cellard

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Quote from: Ruckspin on June 22, 2015, 03:18:52 AM

Quote from: #Darren on June 22, 2015, 02:26:29 AM

What effect do you all think Greece leaving the Euro might have on btc's fiat trading value?

Nothing unless Greek's start putting the money into bitcoin en masse.

How many addresses are from Greece? is there a way to know? it would be the only way to try to guess what the impact would be. I guess in Greece is still like everywhere else: just people into economics+geeks are into BTC and would know what to do. So i dont expect a big impact simply because most people are clueless. It only takes a couple whales that know how to use it tho, to get the price up, we dont necessarly need masses.

Herbert2020

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if Greece decides on leaving the Euro behind , i think it might have small effect or near none effect on bitcoin's price. but the dollar will be effected obviously by this.

spiderbrain

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I think it's good for bitcoin because bitcoin is a useful way to make capital controls moot, and anything that makes fiat currencies less trustworthy only makes bitcoin more appealing.

Morecoin Freeman

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I expect exaggerated expectations. Probably nothing will happen.

randy8777

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it's hard to predict, but those who want their money to be safe are wise to buy bitcoin. if they go back to their old currency it will be a big disaster for them. i would definitely get myself bitcoin if i were a greek.

Daniel91

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I also think that effect on BTC will not be big because there is no direct connection between Greece and BTC.
Also, Euro and Bitcoin are not in the same market.
Of course if Greece choose to replace Euro with BTC everything will change dramatically but we don't see such announcements from leading Greek politicians.
They still trying to stay in Euro zone or in the worst scenario ring back their old currency- drachma.
Too bad really, this was a unique opportunity for Greece's political elite to make a real turnaround in their fiscal policy and move to the right alternative- bitcoin.

Topic: If Greece leaves Euro - effect on BTC? - page 2. (Read 3396 times)