the bailouts begin.. | Bitcointalksearch.org

opossum

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Activity: 924

Merit: 1000

Quote from: panju1 on December 23, 2014, 11:17:46 PM

Quote from: trizma on December 22, 2014, 01:45:21 PM

Russia bails out Trust Bank in first ruble crisis rescue
http://news.yahoo.com/russian-minister-talks-ruble-104459436--finance.html

I have a feeling this is only the tip of the iceberg , but I'm wondering if Russians will move a % of their wealth into Bitcoin in this time of crisis

Letting banks fail when the country's economy is in a crisis is not a good idea. So I am not surprised by this.
While Russians might move their wealth out of Roubles into other currencies, I think what matters is the ease of movement. Would it be easier to buy USD for roubles or easier to buy bitcoins?

This is true. Banks' health is very important to a country's economy as without healthy banks credit will free and the lack of a credit market will cause economic activity to slow down.

It is a generally good economic policy to only let banks fail when the economy is healthy and can absorb such a shock (especially when preventing larger banks with a large economic footprint to not fail in times of economic crisis)

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: AtheistAKASaneBrain on December 25, 2014, 10:37:13 AM

Will use NotLambchop's tears as lube on my hardon when bitcoin rises and I see my gains going jupiter.

In the mean time, I'll munch popcorn & lol as u keep getting fisted by teh Invisible Hand.

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: NotLambchop on December 22, 2014, 01:52:28 PM

Or something a bit more stable, that people don't laugh at as much? $$$?

i agree!

there are few people that know what btc is, and still less few people that trust btc.

AtheistAKASaneBrain

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Activity: 770

Merit: 509

Will use NotLambchop's tears as lube on my hardon when bitcoin rises and I see my gains going jupiter.

jaredboice

hero member

Activity: 560

Merit: 500

NotLambchop: "This troll is currently being ignored." Cheesy

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: panju1 on December 23, 2014, 11:17:46 PM

... Would it be easier to buy USD for roubles or easier to buy bitcoins?

It probably would be easier to buy turnips, though the right question is "would it be smarter to buy turnips?
And, after buying turnips, would these turnips be immediately sold [at a loss/discount] for real money, AKA $$$, and what would that [dumping] do to turnip prices?

panju1

legendary

Activity: 1246

Merit: 1000

Quote from: trizma on December 22, 2014, 01:45:21 PM

Russia bails out Trust Bank in first ruble crisis rescue
http://news.yahoo.com/russian-minister-talks-ruble-104459436--finance.html

I have a feeling this is only the tip of the iceberg , but I'm wondering if Russians will move a % of their wealth into Bitcoin in this time of crisis

Letting banks fail when the country's economy is in a crisis is not a good idea. So I am not surprised by this.
While Russians might move their wealth out of Roubles into other currencies, I think what matters is the ease of movement. Would it be easier to buy USD for roubles or easier to buy bitcoins?

NUFCrichard

legendary

Activity: 1218

Merit: 1003

It will make them turn to the east even more than they have been. I think they might try to start a new BRICS trade agreement, as they all seem to be getting sick of the g7 pushing them around.

It is possible that their economy collapses though, then the BRICS will know who is still boss.

bigtimespaghetti

legendary

Activity: 1652

Merit: 1057

bigtimespaghetti.com

Quote from: Nrcewker on December 23, 2014, 02:23:11 AM

Even Lenin resurrection could not save Putint Russia

Russians are used to hard times, they are not as soft as us Westerners Wink

Nrcewker

copper member

Activity: 2226

Merit: 536

Promotional Campaign Manager|Telegram @NrcewkerBTC

Even Lenin resurrection could not save Putint Russia

SmoothCurves

sr. member

Activity: 379

Merit: 250

Please ignore the trolls and don't quote them. Quoting their idiocy means their messages are displayed.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: zyzzbrah on December 22, 2014, 06:09:42 PM

... trying to impregnate their delusional views into clueless newcomers.

Welcome to the forum, clueless n00b. And... Eww?

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: zyzzbrah on December 22, 2014, 06:07:53 PM

Quote from: NotLambchop on December 22, 2014, 02:27:44 PM

Quote from: zyzzbrah on December 22, 2014, 02:13:10 PM

Quote from: NotLambchop on December 22, 2014, 01:52:28 PM

Or something a bit more stable, that people don't laugh at as much? $$$?

People laughin is a good sign.

1. BTCeanie BTCabies

Ad fucking infinitum.

FTFY

What makes you think the Russian people, those intelligent and well-educated enough to have savings, are going to ~~start flushing their money down the toilet~~ invest in Beanie Babies?

You didn't fix shit. You made yourself look like a moron once again by confusing Beanie Babies with something that could be replaced on any of these quotes. Keep it moronic.

You seem a bit upset, zyzzbrah?
I imagine your newfound poverty (stemming, no doubt, from various ~~embarrassing~~ shrewd Bitcoin "investments") is likely responsible for your atrocious manners, so I'll overlook your lack of tact.
But just this once.

MonadTran

full member

Activity: 181

Merit: 100

Quote from: Amph on December 22, 2014, 04:17:23 PM

wasn't bitcoin banned in russia, i don't think they will ever move something in to it

There is a culture of not giving a shit about law in Russia, so they might, especially in case things go really bad, and Putin bans USD bank accounts.

zyzzbrah

member

Activity: 84

Merit: 10

Quote from: jaredboice on December 22, 2014, 02:34:12 PM

Zyzzbrah, I appreciate your approach. But the best approach of all with these serial trolls is the ignore button

These trolls must be getting schooled until Bitcoin goes up again and they leave by themselves out of shame. Meanwhile they must not camp free trying to impregnate their delusional views into clueless newcomers.

zyzzbrah

member

Activity: 84

Merit: 10

Quote from: NotLambchop on December 22, 2014, 02:27:44 PM

Quote from: zyzzbrah on December 22, 2014, 02:13:10 PM

Quote from: NotLambchop on December 22, 2014, 01:52:28 PM

Or something a bit more stable, that people don't laugh at as much? $$$?

People laughin is a good sign.

1. BTCeanie BTCabies

Ad fucking infinitum.

FTFY

What makes you think the Russian people, those intelligent and well-educated enough to have savings, are going to ~~start flushing their money down the toilet~~ invest in Beanie Babies?

You didn't fix shit. You made yourself look like a moron once again by confusing Beanie Babies with something that could be replaced on any of these quotes. Keep it moronic.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Ruble tanks, Russians move their wealth into the worst investment of 2014.

Seems legit.

unent

sr. member

Activity: 326

Merit: 250

Quote from: Amph on December 22, 2014, 04:17:23 PM

Quote from: trizma on December 22, 2014, 01:45:21 PM

Russia bails out Trust Bank in first ruble crisis rescue
http://news.yahoo.com/russian-minister-talks-ruble-104459436--finance.html

I have a feeling this is only the tip of the iceberg , but I'm wondering if Russians will move a % of their wealth into Bitcoin in this time of crisis

wasn't bitcoin banned in russia, i don't think they will ever move something in to it

I heard they are banning it in the new year.

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: trizma on December 22, 2014, 01:45:21 PM

Russia bails out Trust Bank in first ruble crisis rescue
http://news.yahoo.com/russian-minister-talks-ruble-104459436--finance.html

I have a feeling this is only the tip of the iceberg , but I'm wondering if Russians will move a % of their wealth into Bitcoin in this time of crisis

wasn't bitcoin banned in russia, i don't think they will ever move something in to it

jaredboice

hero member

Activity: 560

Merit: 500

Funny, I must have struck a nerve with NotLambchop calling him out for being one of the most ignored trolls on bitcoin talk. Now he's trying to act tough and do the same thing to me but with one of his alt accounts, Freebambi Shocked

Topic: the bailouts begin.. (Read 2344 times)