This news could really blow up the Euro, does this mean Italy is in serious trouble?
The European Union is the one that is in trouble they wanted to create an economic union and they thought they could force political integration and like always they made the mistake that they could force people to do whatever they wanted, now they are realizing that an economic union only comes from a political union similar to what happened to the US, so the Union and the Euro are going to fail because they are nothing but an experiment that was never going to work. 
Topic: Italy parallel currency (Read 316 times)
There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.
I don't think that's ever going to happen. Italy dances to the tune of Berlusconi. He, in turn, a friend of Putin. All of them are interested in the collapse of the EU. Therefore, create and pay for such fakes. The mafia wants to take Italy again. If idiots vote for populists, so be it. They'll be the first to die. It's natural selection. A parallel currency is pure politics and no Economics. Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.
Yes, they hardly refuse the currency at all and will be replaced by a crypto currency.
Well, so far BITCOIN is the easiest way out for these Italians, rather than buying an alternative currency. If this is true, then pump up the volume!
Its not easy as it seems (https://money.usnews.com/investing/news/articles/2018-06-27/italys-new-government-is-no-threat-to-euro-eurosceptic-senator-says)
Quote
ROME (Reuters) - Italy's new government will do nothing to undermine the euro and investors have no reason to fear its agenda, a prominent eurosceptic senator from the right-wing League party said.
So for now we can speculate that maybe as early as today, Italian will look for other alternatives just in case something worst happen although the government is assuring that they are not abandoning EURO. However, if I lived right there, I will put some of my money in crypto just like a hedge, just to be sure.
I'm not sure doing this would decrease your risk of loss. Bitcoin is far more volatile than the euro and if a country like Italy crashed out of the EU or instituted its own currency, Bitcoin would likely still be more volatile than the euro. If you wanted to temporarily protect your currency, you would probably want to exchange it to the US dollar because it would absolutely hold its value better than Bitcoin over a couple weeks or months if the euro was experiencing Italy-based fluctuations. Bitcoin could be ok, but when there's economic uncertainty, could be isn't good enough. You want actual safety.
This is fascinating really, though I'm not entirely sure how it will effect crypto, we will have to wait for full details of the new currency. This may also have quite a crippling effect on the euro in general, one of the reason many northern european countries decided not to adopt it. Any links to this news item? Would be interested to learn more.
Well, so far BITCOIN is the easiest way out for these Italians, rather than buying an alternative currency. If this is true, then pump up the volume!
Its not easy as it seems (https://money.usnews.com/investing/news/articles/2018-06-27/italys-new-government-is-no-threat-to-euro-eurosceptic-senator-says)
Quote
ROME (Reuters) - Italy's new government will do nothing to undermine the euro and investors have no reason to fear its agenda, a prominent eurosceptic senator from the right-wing League party said.
So for now we can speculate that maybe as early as today, Italian will look for other alternatives just in case something worst happen although the government is assuring that they are not abandoning EURO. However, if I lived right there, I will put some of my money in crypto just like a hedge, just to be sure.
Well, so far BITCOIN is the easiest way out for these Italians, rather than buying an alternative currency. If this is true, then pump up the volume!
It will help boost bitcoin and grow steadily for a long time to come
There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.
Parallel currency- eg. Italy are currencies isued by the state.as an official second currency alongside legal tender currency and can also be designated as legal tender. It can be stable,hard currency that is used alongside weak national currency. On the other hand a weak national currency can be used as a parallel currency in order to stimulate the national economy and to make export economy compititive again Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.
That will be a government backed decision and they will not accept
a crypto alternative.
a crypto alternative.
There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.
This news could really blow up the Euro, does this mean Italy is in serious trouble?
That would be great if it had to happen, and that would make the cryptocurrency value better for the future.
It is happening right now! Italian state bonds dropped in value at the same time Bitcoin surged back to 7500!
this is good for crypto industry, but i am not sure it is good for italy country. closing the euro will make the Italians look for other investment alternatives, maybe bitcoin and other types of crypto will be quite interesting for them. at least it will help the recovery of market prices that experienced many shocks this year. but I also hope, the move of people from the euro to crypto not only for a moment and a moment of profit-seeking, but also for the future of a better crypto
I think it's really good news for cryptocurrency . If this happens, then there should be a certain growth in Italy of the bitcoin rate and generally crypto currency. Even partially, people will move their assets to the crypto currency. And i think with the closing EURO so many people are going to switch to invest in bitcoin.
I really hope so and can raise the bitcoin price very high compared to last year. bitcoin 25000 usd later this year
I havent heard anything of this in the news articles and im not sure
if abandoning the euro money will result in an uptake in bitcoin.
In the cnbc link the report states:
An incoming populist government in Italy may no longer be looking
to ditch the euro currency
That will be a government backed decision and they will not accept
a crypto alternative.
if abandoning the euro money will result in an uptake in bitcoin.
In the cnbc link the report states:
An incoming populist government in Italy may no longer be looking
to ditch the euro currency
That will be a government backed decision and they will not accept
a crypto alternative.
It's very good news for crypto or bitcoin money
Italian President just refused to accept results of parlamentary elections.
Now EU must bail-out Italy at all costs. It is good news for the Italians - enjoy life and take and spend more debt for a while. EU is paying all.
Bad news for Europe. This will just accelerate Euro demise because some other countries will ask for the same treatment.
Money for that must come from somewhere. We can see more Euro exits or Greece scenarions with drastic drop in purchasing power in population.
Whatever happens Bitcoin will grow!
Now EU must bail-out Italy at all costs. It is good news for the Italians - enjoy life and take and spend more debt for a while. EU is paying all.
Bad news for Europe. This will just accelerate Euro demise because some other countries will ask for the same treatment.
Money for that must come from somewhere. We can see more Euro exits or Greece scenarions with drastic drop in purchasing power in population.
Whatever happens Bitcoin will grow!
There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.
While I did not hear such news. However, if this happens, then there should be a certain growth in Italy of the bitcoin rate and generally crypto currency. Even partially, people will move their assets to the crypto currency. However, I still doubt that Italy will withdraw from the European Union. England has made such a decision, but there they already want to go back. Italy within the countries of the European Union in general will be very bad. Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.
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