Italian bank problems and bitcoin - page 2.

MatTheCat

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Quote from: tabnloz on July 28, 2016, 11:05:59 AM

I'm not a trader but it would almost be a blanket EU bank short.

The likes of Deutsche Bank have already tanked a shit ton...currently at €12, down from a 2013 high of €33......short now, and be prepared to be flushed out.....

(although I guess perhaps shorting the flush out might be a strategy)

botany

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Quote from: CroSany on July 31, 2016, 07:12:30 AM

Yea they have same problem like Greece corrupted MMF is destroying him but I didnt know about Italy banks system problems.I think that for Italy will be almost impossible to get rid of thaf debt and that bankrupt will come.EU dont have brain to save country.They are just destroying countries like example they send Greece to big debt and bankrupt.

No country ever tries to get rid of its debt.
They just keep rolling it over.
Think what would happen if America had to repay its debt.

vero

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Quote from: Farma on July 30, 2016, 08:45:36 AM

Well, I guess if the economic crisis in a country, the best way to secure your money is by investing into bitcoin, so I think this will make an impact on the price of bitcoin, and it will make a very good impact, perhaps the price of bitcoin will rise again with a high , and it could be the price of bitcoin until the price of $ 900

exactly right, that's the only way will make some people trust to keep their money safe without worry would get inflation by economic crisis and i'm sure that day it will come.

CroSany

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Yea they have same problem like Greece corrupted MMF is destroying him but I didnt know about Italy banks system problems.I think that for Italy will be almost impossible to get rid of thaf debt and that bankrupt will come.EU dont have brain to save country.They are just destroying countries like example they send Greece to big debt and bankrupt.

Taki

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If next world crisis will happen it will affect on bitcoin's price foes sure. Didn't hear anything about situation with Italian banks. And I hope the situation like in Greece will never ever happen. We all remember what happen with world's economy that time. I think the European Union will help to Italy with it's financial problems if it happen.

mindrust

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Quote from: Zaducis on July 30, 2016, 07:06:45 AM

Quote from: dihari on July 29, 2016, 11:30:10 PM

if that news talk about China, maybe it will give an affect for bitcoin price. where there is the bigger population that using bitcoin.
but Italy? i think no. there's no effect.

The Italian banking crisis could affect the Euro price. It will drag down the Euro and people will buy bitcoin.

You are right but only 1 out of 10 people or maybe even much less will be buying bitcoin in a time like that. The rest will be buying USD. And if they mostly buy Usd, that may lower bitcoin price further instead of pumping it.

ethereumhunter

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i heard about italian bank crysis and i hope italian can solve their bank crisis and especially italian can accepted bitcoin as other currency beside fiat. if italian accepted bitcoin, then bitcoin will be more good in future as italian is a country with good government and good people.

Zaducis

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Quote from: mobnepal on July 30, 2016, 11:25:01 AM

Seeing financial crisis or not within this year is not actual fact that can pump the bitcoin price because the recent greece financial crisis and brexit haven't affected the bitcoin price much as expected.

However if bitcoin can be brought down to even small level of citizens like farmers, local merchants and even a tea shop in every country than they may start saving in bitcoin rather than in their banks creating high demand of bitcoin and price may get pumped hard. And this can also save them from lossing all they have during such financial crisis in their country.

The financial crisis will not affect the bitcoin price too much. The bitcoin price is too volatile is too risky itself.

mobnepal

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Seeing financial crisis or not within this year is not actual fact that can pump the bitcoin price because the recent greece financial crisis and brexit haven't affected the bitcoin price much as expected.

However if bitcoin can be brought down to even small level of citizens like farmers, local merchants and even a tea shop in every country than they may start saving in bitcoin rather than in their banks creating high demand of bitcoin and price may get pumped hard. And this can also save them from lossing all they have during such financial crisis in their country.

Farma

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Well, I guess if the economic crisis in a country, the best way to secure your money is by investing into bitcoin, so I think this will make an impact on the price of bitcoin, and it will make a very good impact, perhaps the price of bitcoin will rise again with a high , and it could be the price of bitcoin until the price of $ 900

davis196

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Quote from: virtualx on July 11, 2016, 02:39:26 PM

I read an article in the WSJ about the banking problems in Italy. The impact could be much worse than Greece for fiat currency. One could argue that debt based currency and intermediary parties are the main causes (Satoshi).

Are we going to see the next financial crisis this year? Do you think this will affect the bitcoin price this year?

The banking problems in Italy can hit really bad the euro,but i don`t think that there`s going to have any

impact over bitcoin price.Most of the large european banks have problems,but the European central bank will

help them with funds.

ASHLIUSZ

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Quote from: Zaducis on July 30, 2016, 07:06:45 AM

Quote from: dihari on July 29, 2016, 11:30:10 PM

if that news talk about China, maybe it will give an affect for bitcoin price. where there is the bigger population that using bitcoin.
but Italy? i think no. there's no effect.

The Italian banking crisis could affect the Euro price. It will drag down the Euro and people will buy bitcoin.

Vote for brexit has led to a renewed flare-up of anxiety about the European financial system, and it looks like Italy may be the next European country to face a crisis. Italian banks have about $400 billion in bad loans on their balance sheets, and markets have started to panic. That's Euro can be drag down.

Zaducis

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Quote from: dihari on July 29, 2016, 11:30:10 PM

if that news talk about China, maybe it will give an affect for bitcoin price. where there is the bigger population that using bitcoin.
but Italy? i think no. there's no effect.

The Italian banking crisis could affect the Euro price. It will drag down the Euro and people will buy bitcoin.

OROBTC

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...

This may have been mentioned already, but today only one bank failed the European "Stress Tests" results that came out today:

Monte dei Paschi di Siena, a bank well-known for being in big trouble. It's also the oldest (surviving) bank in the world.

Neither Douche Bank nor other worthy candidates failed the Stress Tests.

Make that of it what you will. Note that they lie too. Beware.

dihari

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if that news talk about China, maybe it will give an affect for bitcoin price. where there is the bigger population that using bitcoin.
but Italy? i think no. there's no effect.

STT

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Quote from: Zaducis on July 12, 2016, 12:42:01 PM

The next financial crisis could happen next year when the Britain declares Euro exit and financial institutions move out of UK.

There is no reason for banks to leave the UK any more then they would leave any country not in the EU. Norway isnt in the EU or Switzerland, USA obviously isnt. Sterling is a reserve currency in of itself, I think the integrity of the country, stability and regulation will have more determination to how much financing is done in the country vs the Euro or EU area just like every company decides around the world where it will do best.

UK as the world 5th largest economy easily has enough weight to pull away without disintegration or significant damage, it may be at some cost but people are too absolute to say its all negative when every trade agreement includes positives and negatives for both sides. UK will still trade with EU but not in a fixed universal agreement

European Central Bank

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if there is some financial trouble then it might inspire a little bitcoin pump. are any real people gonna convert their precious funds to bitcoin? I seriously, seriously doubt it. it's got a bunch more proving to do before it's the new gold.

mindrust

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I wish i could believe in bitcoin and have the guts of a man who sold his house for bitcoins. Then i would sell everything i can, withdraw everything i have in the bank and i would buy bitcoins.

But man, i sure don't. That's not about bitcoin itself. That is because of the hackers, scammers, instadumpers and the low market depth...

USD is also losing and gaining value from time to time but it is nothing near bitcoin.

Bitcoin looks nice for a while since the last pump. (400>650) It still looked nice before the other pump. (200>400) But it didn't look that nice when it went 900>300.

Gahs

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Minter

Quote from: OROBTC on July 29, 2016, 12:20:39 AM

Yes, tabnloz, I too am bearish. Gold will hold its value once fiat becomes worth less or even worthless.

Gold will hold it's value but how do you buy gold with worthless fiat? People will start buying gold with bitcoins I presume, so that means we are looking at the long predicted one world currency...

ethereumhunter

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another bank in Italy has got problem, and one by one the economic of the country was got problem. i think in the end of this year, many people will loss their trust into their bank and their financial is getting worst. and maybe people will start to think about moving into another currency, in this situation, they moving into bitcoin. and this could be a good start for bitcoin to be another money that will use by people.

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