The price of bitcoin has been effected greatly, by the Brexit vote results. Although, this recent drop in the value of bitcoin started just a few days prior to the vote. Isn't Bitcoin supposed to be effected less by all of this political turmoil, by its very nature?
No bitcoin is just like another assets open for global trading so its value will be effected by many events but how much depends upon the news + manipulation from whales as bitcoin marketcap is not that big like other trading assets. 
Topic: The effect of Brexit on Bitcoin. - page 2. (Read 1303 times)
Yeah, you're right. I looked at the price charts. The decline in bitcoin started 3 days before the Brexit vote. The price was perhaps declining alongside all the other currencies (vs the British Pound) when the vote results were thought to result with a win for the "remain" camp.
And the decline also probably has to do with bitcoin dynamics, like the halving.
And the decline also probably has to do with bitcoin dynamics, like the halving.
Brexit was the first opportunity that we have had to observe BTC price in a moment of great financial turmoil. There has been relatively little change in its price (and yeah, it could be dynamics related to halving, I don't know) in the past few days.
Gold has a fairly large move upwards since Brexit. So far, gold has been the safe haven investment. Let's keep watching...
That's because nobody sane is looking for safety in a highly speculative and volatile asset like bitcoin. Bitcoin is subject to so much pumping that you can't even be sure the current price level will hold up after the halving. People looking to flee to safety in the UK are going to pick gold, which has hundreds of years of history as a stable store of value in times of crisis, and largely ignore bitcoin, which has only existed for 7 years. As well they should.
There's been no effect. The Sterling keeps on going down, but BTC's fluctuations do not move in accordance. This between the £ and the $, or the £ and the €. BTC's in another world.
Yeah, you're right. I looked at the price charts. The decline in bitcoin started 3 days before the Brexit vote. The price was perhaps declining alongside all the other currencies (vs the British Pound) when the vote results were thought to result with a win for the "remain" camp.
And the decline also probably has to do with bitcoin dynamics, like the halving.
And the decline also probably has to do with bitcoin dynamics, like the halving.
Brexit was the first opportunity that we have had to observe BTC price in a moment of great financial turmoil. There has been relatively little change in its price (and yeah, it could be dynamics related to halving, I don't know) in the past few days.
Gold has a fairly large move upwards since Brexit. So far, gold has been the safe haven investment. Let's keep watching...
Yeah, you're right. I looked at the price charts. The decline in bitcoin started 3 days before the Brexit vote. The price was perhaps declining alongside all the other currencies (vs the British Pound) when the vote results were thought to result with a win for the "remain" camp.
And the decline also probably has to do with bitcoin dynamics, like the halving.
And the decline also probably has to do with bitcoin dynamics, like the halving.
Bitcoin is affected on a financial side of the story - as in : people might take it as a safe haven against such negative fiat volatility, presuming
that bitcoin in the long run is safe from it. But when you think about it, it may just be another excuse just to pump the price.
that bitcoin in the long run is safe from it. But when you think about it, it may just be another excuse just to pump the price.
The price of bitcoin has been effected greatly, by the Brexit vote results. Although, this recent drop in the value of bitcoin started just a few days prior to the vote. Isn't Bitcoin supposed to be effected less by all of this political turmoil, by its very nature?
As i see it its a great hedge since bitcoin ha no political cares, even if they clamped down and try to destory bitcoin it or something like it will find a way to survive. Overall i reckon brexit was very bullish for bitcoin the effects will be seen in coming months.
The price of bitcoin has been effected greatly, by the Brexit vote results. Although, this recent drop in the value of bitcoin started just a few days prior to the vote. Isn't Bitcoin supposed to be effected less by all of this political turmoil, by its very nature?
well the price seemed to bounce back after the brexit voting to be honest though i think that might have been just a coincidence and nothing more, no one knowsi think the effect will become visible when britain is going to get out of the european union though it is still a long time to go till that so i think we just need to wait and see
am not seeing any effect of brexit on bitcoin as the price is around $650 and at there from a few days, but I think it will have a great effect of halving, only halving is the too to affect bitcoin.
The price of bitcoin has been effected greatly, by the Brexit vote results. Although, this recent drop in the value of bitcoin started just a few days prior to the vote. Isn't Bitcoin supposed to be effected less by all of this political turmoil, by its very nature?
Why do you think Bitcoin was greatly affected by the Brexit?
I believe the recent rise and drop in Price is more due to the BTC halving coming up beginning of July. The Bitcoin Price started rising 1 month ago from 520$ to over 700$ and also started dropping again to 650$ before the Brexit. Let's wait for the halving and see if Prices stabilize again.
The price of bitcoin has been effected greatly, by the Brexit vote results. Although, this recent drop in the value of bitcoin started just a few days prior to the vote. Isn't Bitcoin supposed to be effected less by all of this political turmoil, by its very nature?
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