Topic: Will Brexit became the reason of Bitcoin’s downfall? - page 2. (Read 276 times)
I read the whole article and found no reason to believe Bitcoin might have a price drop, I feel the article decontextualized the political situation trying to write something bearish about Bitcoin. I would look for better news sources before publishing anything here.
Why?
It's make no sense to think Brexit affected BTC so much like you're saying
I can't link Brexit to BTC
It's just the market, some people are selling, others are waiting to buy in a low price...nothing unusual
It's make no sense to think Brexit affected BTC so much like you're saying
I can't link Brexit to BTC
It's just the market, some people are selling, others are waiting to buy in a low price...nothing unusual
If anything, the uncertainty of the Brexit deal would make the price of Bitcoin rise as the British pound would be in question. Other than that Brexit honestly has very little to do with the price of Bitcoin in my opinion.
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Pretty much agree that the declarations have been misinterpreted and pointed against what was the original intent. I personally cannot see any ties to a possible downfall on BTC. Euro and Pound will have their ups and downs, commerce will likely suffer a fair share, passport controls may become a pain, legal aliens there and abroad may have a change in status, and so forth, but Bitcoin does not for part of the outcome.Note: There’s an issue with the link you provided (it bears an extra set of https:// and the quotation marks in the URL can be dropped). Additionally, the Independent is pretty persistent with Ad blocker thingy. This site leads to a similar content (with no Ad blocker): https://en.ethereumworldnews.com/ceo-claims-no-deal-brexit-could-spark-unprecedented-bitcoin-breakout/
you need to have a real talent to be able to connect two completely irrelevant things together and create a topic about it. it is like saying that farting is causing the global warming 
I'm laughing hard too on this. I have not seen a relation to this with bitcoin or if bitcoin is dependent on fiat, nope. Bitcoin is a separate entity from fiat. Brexit would have nothing with bitcoin.
The central idea that Brexit will harm BTC is not supported by the quote from Nicholas Gregory on which the article is based.
He says: ‘’Come 2020, we expect an increasingly populist and politically unstable world to cement the safe-haven status of Bitcoin and other cryptocurrencies…and if the central banks revert to ramping up the money printing all over again, the case for cryptocurrencies like Bitcoin whose supply is capped will be further reinforced.’’
He seems to think Brexit will in fact be a good thing for bitcoin.
Looking at the the same interview as reported by the Independent newspaper (way back in August) the meaning of his statement becomes much clearer.
Nicholas Gregory says: “Bitcoin has rediscovered its mojo this year with multiple mini surges but a no-deal Brexit could see a massive and unprecedented breakout. Not only will a no-deal departure from the EU create turmoil and volatility across two major fiat currencies, it will also trigger an identity crisis for the global system as the contingency and vulnerability of major global fiat currencies is laid bare.”
This is bullish news being reported as bearish by someone who is transparently trying to shill a bitcoin trading platform.
TL;DR: Clickbait, terrible journalism by someone who doesn't understand bitcoin.
He says: ‘’Come 2020, we expect an increasingly populist and politically unstable world to cement the safe-haven status of Bitcoin and other cryptocurrencies…and if the central banks revert to ramping up the money printing all over again, the case for cryptocurrencies like Bitcoin whose supply is capped will be further reinforced.’’
He seems to think Brexit will in fact be a good thing for bitcoin.
Looking at the the same interview as reported by the Independent newspaper (way back in August) the meaning of his statement becomes much clearer.
Nicholas Gregory says: “Bitcoin has rediscovered its mojo this year with multiple mini surges but a no-deal Brexit could see a massive and unprecedented breakout. Not only will a no-deal departure from the EU create turmoil and volatility across two major fiat currencies, it will also trigger an identity crisis for the global system as the contingency and vulnerability of major global fiat currencies is laid bare.”
This is bullish news being reported as bearish by someone who is transparently trying to shill a bitcoin trading platform.
TL;DR: Clickbait, terrible journalism by someone who doesn't understand bitcoin.
Forsaking EU had been the long controversial topic in Britain, the previous PM, Theresa May tried for 2 long years to negotiate with the EU regarding Brexit, but the recent PM had been the epicenter of the earthquake called Brexit.
Read Source: https://www.thecoinrepublic.com/from-brexit-to-bitexit-does-brexit-mean-bitcoins-exit-from-the-crypto-union/
Read Source: https://www.thecoinrepublic.com/from-brexit-to-bitexit-does-brexit-mean-bitcoins-exit-from-the-crypto-union/
I don't care about this Brexit thing and I don't know what this has to do with Bitcoin fall, is the seat of Bitcoin power and popularity comes from the United Kingdom, this is one of the dumbest posts I have read so far in this forum, the only downfall of Bitcoin is when we found vulnerabilities in the blockchain, not an act of one nation that has nothing to do with Bitcoin adoption
you need to have a real talent to be able to connect two completely irrelevant things together and create a topic about it. it is like saying that farting is causing the global warming
You should understand that bitcoin has been in the scene for ten years now and throughout the ten years, Bitcoin awareness and value has increased throughout each year. So there is no possible way I see Brexit bring the downfall of Bitcoin. I don't see any unique reasons to convince me that the downfall of Bitcoin might happen due to this or that reason. This article is spreading FUDs just to make soft hearted investors to sell their bitcoins, nothing technically to ssupport this claims.
I don't think that Brexit has any impact on the cryptocurrency industry. Brexit is not good for the European Union though, but they might reach an agreement nevertheless. Now it looks Scotland wants to organise an independency referendum in the next year. Independency is a trend recently, I wonder if something big is incoming and they know something. Hmm..
On the other hand there are some England-based crypto companies that might have some legal problems once the Brexit is officially finished. Another way for lawyers to make a fortune..
On the other hand there are some England-based crypto companies that might have some legal problems once the Brexit is officially finished. Another way for lawyers to make a fortune..
I cannot think of any possible explanation that would support what OP is suggesting! I guess the thread title is a little bit overactive and it seems to suggest Brexit would create a Bitcoin apocalypse which sounds horrifying and at the same time ridiculous! 
On the contrary, I think Brexit would rather contribute to Bitcoin's dominance in the crypto scene as an alternative to Euro especially on the remittance industry.
On the contrary, I think Brexit would rather contribute to Bitcoin's dominance in the crypto scene as an alternative to Euro especially on the remittance industry.
Forsaking EU had been the long controversial topic in Britain, the previous PM, Theresa May tried for 2 long years to negotiate with the EU regarding Brexit, but the recent PM had been the epicenter of the earthquake called Brexit.
Sorry to say that it might take the current PM of Britain Boris Johnson to convince me that there is an intertwined connection in between Brexit and Bitcoin...sure they both starts with letter B and any event can influence the price movement of Bitcoin anytime but this article is already a big stretch. It is quite funny but within that article, Bitcoin is actually given this recognition:
Quote
‘’Come 2020, we expect an increasingly populist and politically unstable world to cement the safe-haven status of Bitcoin and other cryptocurrencies…and if the central banks revert to ramping up the money printing all over again, the case for cryptocurrencies like Bitcoin whose supply is capped will be further reinforced.’’
In other words, it is actually the other way around. In case Brexit can be producing what many fears it would in the economy of Britain, then there is more opportunity for Bitcoin to be the choice as the safe haven for many. How's that, James Bond?
Your bot needs a kick up its electronic arse. Its article writing prowess has withered to an incomprehensible low.
As for the actual question, not that it makes sense anyway, the GBP market is tiny. No one else cares what it does. It impacts nothing and nowhere else.
As for the actual question, not that it makes sense anyway, the GBP market is tiny. No one else cares what it does. It impacts nothing and nowhere else.
Bitcoin’s future success isn’t remotely linked to Brexit. People were saying similar when all that shit was going on with Greece & Cyprus & it didn’t impact on bitcoin negatively.
Forsaking EU had been the long controversial topic in Britain, the previous PM, Theresa May tried for 2 long years to negotiate with the EU regarding Brexit, but the recent PM had been the epicenter of the earthquake called Brexit.
Read Source: https://www.thecoinrepublic.com/from-brexit-to-bitexit-does-brexit-mean-bitcoins-exit-from-the-crypto-union/
Read Source: https://www.thecoinrepublic.com/from-brexit-to-bitexit-does-brexit-mean-bitcoins-exit-from-the-crypto-union/
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