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Topic: Portugal on the Brink - page 3. (Read 4391 times)

newbie
Activity: 57
Merit: 0
July 04, 2013, 12:00:27 PM
#18

I never understood how the last bitcoin bubble was caused by the Cyprus crisis...................

It wasn't.
Cyprus came after we all learnt there was a REAL asic in the wild from avalon, sent to a seinor member here.

Prior to that, BFL was jerking us around.
legendary
Activity: 1148
Merit: 1001
July 04, 2013, 11:10:00 AM
#17

I never understood how the last bitcoin bubble was caused by the Cyprus crisis. Is it known fact or just an assumption? With the blocking of withdrawals in the banks in Cyprus how were they able to put money into bitcoin exchanges in the first place? Or were Cypriots more tech savvy than other countries and saving their wealth in bitcoins just an easy step?

Maybe they had cash under their mattresses and did not want to bring it the bank?  I don't know but news like this in Portugal certainly cannot hurt BTC.  Hopefully it sparks a little fire in them.
full member
Activity: 140
Merit: 100
Hoist the Colours
July 04, 2013, 10:59:25 AM
#16

I never understood how the last bitcoin bubble was caused by the Cyprus crisis. Is it known fact or just an assumption? With the blocking of withdrawals in the banks in Cyprus how were they able to put money into bitcoin exchanges in the first place? Or were Cypriots more tech savvy than other countries and saving their wealth in bitcoins just an easy step?
newbie
Activity: 57
Merit: 0
July 04, 2013, 10:18:53 AM
#15
Portugal's junior party are now negotiating terms with senior partner to smooth things over.

Expect some manner of fear-factor from people here trying to profit from the uninformed.

hero member
Activity: 531
Merit: 501
July 04, 2013, 10:04:42 AM
#14
To be honest, I don't really understand the whole EURO thing

Because money is printed out of nothing, how could Portugal give up this right to ECB?

For a normal citizen, he might not have any choice but obey the government rules, but for a government of the country, how could they give up this biggest right of the country to someone else?

I think none of the government officials understand how money creation works

Because when times were good it meant they could get access to money at lower rates then they ever could have if they stayed out of the Euro.

We've gone past the point of silly with the Euro now. It's no longer of any benefit to 90% of its users and for the people of Greece and Cyprus it's almost unbearable. The latest demands of the IMF/EU/ECB on Greece are to close hospitals in order to get its deficit down  Shocked

I always thought Greece would be the first place to have a coup but maybe now it will be Portugal.
legendary
Activity: 2786
Merit: 1031
July 04, 2013, 09:58:46 AM
#13
To be honest, I don't really understand the whole EURO thing

Because money is printed out of nothing, how could Portugal give up this right to ECB?

For a normal citizen, he might not have any choice but obey the government rules, but for a government of the country, how could they give up this biggest right of the country to someone else?

I think none of the government officials understand how money creation works

I'm a big proponent of EURO, it's the first attempt of a Level 1 civilization currency, well, now we have bitcoin.

But people need to start thinking beyond the borders of their own countries if we are going to thrive as a species, patriotism means nothing, it's just imaginary borders. More and more we need to have a global plan for free flow of people and goods, and to achieve great things that no one nation can achieve alone.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
July 04, 2013, 09:42:30 AM
#12
To be honest, I don't really understand the whole EURO thing

Because money is printed out of nothing, how could Portugal give up this right to ECB?

For a normal citizen, he might not have any choice but obey the government rules, but for a government of the country, how could they give up this biggest right of the country to someone else?

I think none of the government officials understand how money creation works
legendary
Activity: 2786
Merit: 1031
July 04, 2013, 07:56:56 AM
#11
Is Bitcoin popular, or easily accessible in Portugal???

It is not!

You hardly find articles about bitcoin on mainstream media, on one mation-wide newspaper I've counted 6, and it is the "intellectual" one...
Bitcoins are quite easy to buy in Portugal.
I've never seen Bitcoin mentioned on TV national news, only on newspapers.

I was talking about the popularity.

Yes, pretty easy to buy.
legendary
Activity: 952
Merit: 1000
July 04, 2013, 07:17:59 AM
#10
Is Bitcoin popular, or easily accessible in Portugal???

It is not!

You hardly find articles about bitcoin on mainstream media, on one mation-wide newspaper I've counted 6, and it is the "intellectual" one...
Bitcoins are quite easy to buy in Portugal.
I've never seen Bitcoin mentioned on TV national news, only on newspapers.
hero member
Activity: 756
Merit: 500
July 04, 2013, 07:12:32 AM
#9
I doubt that they have the political will to implement austerity measures.   I guess another crisis is coming about and Bitcoin to the rescue
legendary
Activity: 2786
Merit: 1031
July 04, 2013, 07:00:23 AM
#8
Is Bitcoin popular, or easily accessible in Portugal???

It is not!

You hardly find articles about bitcoin on mainstream media, on one nation-wide newspaper I've counted 6, and it is the "intellectual" one...
legendary
Activity: 1148
Merit: 1001
July 03, 2013, 11:19:02 PM
#7
Is Bitcoin popular, or easily accessible in Portugal???

portugal is part of the EU.  all one need to do is a sepa deposit to bitstamp

Hopefully they decide Bitcoin is a good option for their problems then!
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
July 03, 2013, 10:54:00 PM
#6
Is Bitcoin popular, or easily accessible in Portugal???

portugal is part of the EU.  all one need to do is a sepa deposit to bitstamp
legendary
Activity: 1148
Merit: 1001
July 03, 2013, 10:38:29 PM
#5
Is Bitcoin popular, or easily accessible in Portugal???
legendary
Activity: 1834
Merit: 1019
July 03, 2013, 09:27:54 PM
#4
Bail-in incoming? Portugal bump?

I'm game.  Cool

whoooo wants to purchase IEV?
sr. member
Activity: 448
Merit: 250
July 03, 2013, 09:25:47 PM
#3
Bail-in incoming? Portugal bump?

I'm game.  Cool
full member
Activity: 152
Merit: 100
July 03, 2013, 08:41:36 PM
#2
Cool, I could use another BTC price skyrocket Cheesy
hero member
Activity: 672
Merit: 500
July 03, 2013, 08:09:42 PM
#1
Quote
Portugal's financial markets nosedived today amid fears that repayments on its £64billion bailout could soon become unsustainable as the government looked set to collapse following a spat over the country's austerity programme.

Quote
If Portugal doesn't abide by the austerity program, its bailout creditors could halt the disbursement of funds, potentially leaving it unable to pay what it owes.

That development 'could trigger a sovereign default and potential removal from the eurozone, with contagion spreading across to Greece, a country that is currently struggling to secure its next tranche of aid money,' Ishaq Siddiqi of ETX Capital said today.

http://www.dailymail.co.uk/news/article-2354671/Portugal-brink-collapse-sparking-fears-country-able-meet-terms-64BILLION-bailout.html#ixzz2XzYmw6D2
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