News of Brexit - What good or bad for cryptocurrency ?

Pursuer

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Where is my ring of blades...

Quote from: helloeverybody on June 27, 2016, 04:38:27 AM

I still don't think brexit is having any effect on bitcoi. Price is still around about what it was before brexi, maybe even lower. For people to use bitcoin to invest in they need to know about it and feel that its a safe be. And at the momenti just don't think with people are aware of bitcoin.

price will always start changing as soon as there is a news not after everything is done and dusted. and in this case the $100+ rise was started as soon as brexit news was released and there was a small speculation about bitcoin price. after price hit bitcointalk and everybody was talking about it, it was already too late and price has gone up already.

besides in my opinion the biggest effect that brextit had on bitcoin was the good news that is being spread about bitcoin because of it. and that is better than any price rise.

helloeverybody

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I still don't think brexit is having any effect on bitcoi. Price is still around about what it was before brexi, maybe even lower. For people to use bitcoin to invest in they need to know about it and feel that its a safe be. And at the momenti just don't think with people are aware of bitcoin.

Carlsen

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I can not see a connection between the UK and bitcoin.
And everything not connected to the UK is seen as safe and positive as it will not suffer under the unpredictional effects of the brexit.
Therefore the brexit might be good for bitcoin because the future of the uk economy is not seen to be a bright one.

AlgoSwan

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ancap

It’s pretty well agreed that we’re now living in an economic crisis. It’s also pretty well agreed that most economists, especially so-called establishment economists, don’t know what to do about it. In this conditions real gold and BTC will shine for sure.

OROBTC

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...

So far, Brexit has had very little effect on BTC price, at least that I can see. BTC is down today a little, and has not changed much since early Friday morning (US ET) when the Brexit results came in.

This suggests that maybe BTC is not that great as a "Fear Trade". To my knowledge, this is the first Big Financial Event to happen since BTC became famous (or at least since I started participating). The next few days will be of interest watching BTC prices, especially if there is further turbulence in the financial markets worldwide. CHINA just devalued, I just read that at Zero Hedge, their Premier Li said that there are already ripple effects on them re Brexit...

Gold has moved nicely since early AM Friday, including about $9.00 last I looked (Asian trading).

A good test of Bitcoin as a safe haven trade would be its change during the collapse of an entire country. A candidate to watch would be Venezuela, that country is in deep scheisse now.

Raimonn

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Brexit could be good for cryptocurrency because more people find other coins or assets to secure its money, it will depend on its national currency if it countinues loosing more people will be interested on bitcoins, but if the pound recovers they will forget.

cjmoles

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If BREXIT damages the global economy, then all currencies will be impacted in a negative manner. We have to remember that currencies are just means to exchange goods and services. If there are interruptions in the ability of the people to produce goods or provide services then the currencies used to exchange those goods and services will also be affected.

Woshib

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Quote from: JakeRTFM on June 24, 2016, 03:42:15 AM

I don't know if I'm in the good topics but does the Brexit of UK from Europe will have an impact an cryptocurrency ?

What's your opinion ?
Will we have in few days an UK coin, Walles coin ...

What good can we extract from this news for the cyptocurrency world ?

I do not know the impact of the Brexit on the price of Bitcoin, or other altcoins.
But what is certain is that there will be more investors in Bitcoin.
So, it is likely that the price will increase.

davis196

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Quote from: JakeRTFM on June 24, 2016, 03:42:15 AM

I don't know if I'm in the good topics but does the Brexit of UK from Europe will have an impact an cryptocurrency ?

What's your opinion ?
Will we have in few days an UK coin, Walles coin ...

What good can we extract from this news for the cyptocurrency world ?

UK coin?Wales coin?Haha,i`m waiting to see that coming Grin

The brexit impact over bitcoin isn`t going to be very big,UK will leave the EU after 2 years,not now.

Soon the brexit panic will be over...

pitham1

legendary

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Bitcoin is not established enough to take advantage of uncertainty in other asset classes caused by the Brexit.
Right now those heading for safety will look to gold.

BlackPanda

legendary

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I guess it would be bad. The EU is one of the great economic power in the world. I am not quite sure when the English came out, I am sure of is has been somehow in many countries will decrease. as well as with cryptocurrency

shane

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Quote from: clickerz on June 25, 2016, 12:43:47 AM

Quote from: shane on June 24, 2016, 11:02:51 PM

Bitcoin was one of the few winners out of the U.K.'s vote to leave the European Union, surging as much as 13 percent as the decision fueled demand for alternative assets.

http://www.sltrib.com/home/4046326-155/a-rare-brexit-winner-bitcoin-jumps

look brexit is very good for bitcoin the price jumping again.

Im surprise but maybe true,as UK is looking their form of instrument to invest. UK's exit on EU maybe favorable to them but not to EU.Hope their exit can shield them from crisis affecting other members.

yea.. but in fact this brexit can give bitcoin more power. i think this is the new era of economic global, we will see where the new era will come, hope the economic global growing as much as possible.

hgamezoom

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Quote from: Lucas* on June 24, 2016, 10:47:48 PM

After the Brexit ,the price of bitcoin is rised ! That's a good news fo bitcoin Cheesy

Better hope it keeps rising, halvening is right around the corner! I was lucky to pick some up during the crash down to 580~

clickerz

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Backed.Finance

Quote from: shane on June 24, 2016, 11:02:51 PM

Bitcoin was one of the few winners out of the U.K.'s vote to leave the European Union, surging as much as 13 percent as the decision fueled demand for alternative assets.

http://www.sltrib.com/home/4046326-155/a-rare-brexit-winner-bitcoin-jumps

look brexit is very good for bitcoin the price jumping again.

Im surprise but maybe true,as UK is looking other form of instrument to invest. UK's exit on EU may be favorable to them but not to EU.Hope their exit can shield them from crisis affecting other members.

shane

hero member

Activity: 756

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Bitcoin was one of the few winners out of the U.K.'s vote to leave the European Union, surging as much as 13 percent as the decision fueled demand for alternative assets.

http://www.sltrib.com/home/4046326-155/a-rare-brexit-winner-bitcoin-jumps

look brexit is very good for bitcoin the price jumping again.

Lucas*

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After the Brexit ,the price of bitcoin is rised ! That's a good news fo bitcoin Cheesy

OROBTC

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Quote from: JakeRTFM on June 24, 2016, 03:42:15 AM

I don't know if I'm in the good topics but does the Brexit of UK from Europe will have an impact an cryptocurrency ?

What's your opinion ?
Will we have in few days an UK coin, Walles coin ...

What good can we extract from this news for the cyptocurrency world ?

Well, yes, IMO Brexit is good for Bitcoin. The more uncertainty as well as some news I read earlier about British tourists unable to convert their Pounds Sterling into Euros (in Greece) caught my attention. But, BTC is not all that "liquid" in many countries.

My guess is that gold will be a big beneficiary of financial problems in Europe...

useless4

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Quote from: JakeRTFM on June 24, 2016, 03:42:15 AM

I don't know if I'm in the good topics but does the Brexit of UK from Europe will have an impact an cryptocurrency ?

What's your opinion ?
Will we have in few days an UK coin, Walles coin ...

What good can we extract from this news for the cyptocurrency world ?

i think the impact on cryptocurrency will definitely big because such world events usually have big impact

i think the price of cryptos will surely rise as british people will be buying more of the cryptos i think

Fortify

legendary

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A lot of money was wiped off the value of shares and pound sterling. This means people are moving away from that currency, because it will be less relevant to trading in future. They are going to need new safe locations for their currency, especially if they think the pound will drop a lot more. That money they withdraw could flow into bitcoin, precious metals, bonds and many other places until markets start to settle.

Barnabe

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I am surprized that the BREXIT causes so much variation in the british exchange. Shouldn't this possible outcome have been at least partially anticipated ?
If so the cotations wouldn't decrease this much ...

AlgoSwan

sr. member

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ancap

Quote from: Pab on June 24, 2016, 08:22:28 AM

So today German Dax is 7% down UK big banks are 30% down,it is really 30% european big banks 10% down
and one big chaos,it will for sure rise demand on digital currencys
UK is bigest digital currencys hube,it will remain without all that UE regulations,so my opinion it is ok for for btc

SP500 now down -71 the low was -100. It is a black friday at best!

aakashsangwan

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PUGG.io

I think this news is good for cryptocurrency. Price of bitcoin has shown steep increase within a period of less than 24 hours. But this news is definitely not good for European Union and UK as adverse affects can easily be seen on their currency and banks.

Pab

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So today German Dax is 7% down UK big banks are 30% down,it is really 30% european big banks 10% down
and one big chaos,it will for sure rise demand on digital currencys
UK is bigest digital currencys hube,it will remain without all that UE regulations,so my opinion it is ok for for btc

Schuyler

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I don't know if it will have an instant or long term impact on bitcoin, as a lot of news right now affect how the price moves. But the Brexit is a long process and it is only going to be official after two years, as they say. But with its effect on the stock market, people might be looking for an alternative to preserve their assets and bitcoin might be that instrument that they are looking for. The same thing is happening with the Chinese now.

Barnabe

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Bitcoin is great if people are afraid. The brexit causes instability and uncertitudes about the future. So people will look for unconventional means of storing value (like gold, silver or bitcoins).
I don't know if it is good or bad for bitcoin, but its price should increase.

shane

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some news site says this is good for bitcoin.
you can read this news :
www.afr.com/news/politics/world/brexit-bitcoin-surges-in-wake-of-out-vote-20160624-gprchx

vyombly

newbie

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I think Brexit effect is good for BTCitcoin as we see the increse from today onwards, as because of brexit Sensex and Nifty are decreasing, so investors find bitcoin to invest in.thats why price is increasing.

JakeRTFM

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I don't know if I'm in the good topics but does the Brexit of UK from Europe will have an impact an cryptocurrency ?

What's your opinion ?
Will we have in few days an UK coin, Walles coin ...

What good can we extract from this news for the cyptocurrency world ?

Topic: News of Brexit - What good or bad for cryptocurrency ? (Read 1164 times)