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Title: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: alani123 on June 28, 2015, 07:39:50 PM Quote Greeks will be restricted to taking out just 60 per day for the next week, and that banks wont reopen until July 7 -- two days after the referendum has been held. http://www.theguardian.com/business/live/2015/jun/28/greek-crisis-ecb-emergency-liquidity-referendum-bailout-live#block-559044cae4b024248ae9a584 Lot's of uncertainty, not the easiest day to be Greek. :-\ Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: leopard2 on June 29, 2015, 01:27:58 AM transfers within Greece are allowed, I wonder if there are BTC exchanges in Greece?
Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: bryant.coleman on June 29, 2015, 02:07:04 AM transfers within Greece are allowed, I wonder if there are BTC exchanges in Greece? There are a few minor exchanges in Greece, such as Plus 500, EXMO, and BTC Greece. But most of the trade volume within Greece is accounted by large Bitcoin exchanges such as Bitstamp and BTC-e, which are located outside the country. Localbitcoins is also another big player in Greece. And don't forget about the new Bitcoin ATM, which opened only a few days ago in Athens. Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: alani123 on June 29, 2015, 05:32:19 AM WHO THE F HAS THE POWER TO CLOSE ALL THE BANKS IN THE ENTIRE COUNTRY BY DECREE??? Years of fractional reserve along with the recent panic and unexpected political decisions can. The ECB didn't provide more liquidity to Greek banks, capital controls were inevitable after that imo. Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: RappelzReborn on June 29, 2015, 07:20:59 AM I see alot of crap happening on Greece on Television (economics etc) and I also saw the tweet of Kim Dotcom but he said price will crash and he asked us to buy Bitcoin and gold ? (after crash) ? or when crash happens we should buy :/ I asked someone he said he is speaking about a pump and not about crash
Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: alani123 on June 29, 2015, 11:20:22 AM Well, things haven't changed that much aside from the recent panic. A crash could be avoided and I do believe that Europe still cares to prevent it from happening. To be honest though, bitcoin seems to be affected positively by all this uncertainty that's flowing around. So even in the (to me most probable) case that an exit from the monetary union is avoided bitcoin still benefits from the uncertainty that gives it buzz and brings on bullish action.
Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: freemind1 on June 29, 2015, 11:42:31 AM I hope the best for the Greek people. Throughout history have proven to be strong, he never gave up, and it will not now.
Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: tiggytomb on June 29, 2015, 04:28:52 PM This is all such a shame fro the Greek people, restricted to how much they can draw out of their money. Could bring a whole new meaning to the term "it's all Greek to me"!
Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: leopard2 on June 29, 2015, 09:11:14 PM just wait, Cyprus...Greece...who's next?
Fiat collapse is a mathematical imperative. :D Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: chalkboard17 on June 29, 2015, 09:49:04 PM 0.001% network attack
Title: Re: Greek banks to remain closed for a week's time. ATM withdrawals 60/day Post by: alani123 on June 30, 2015, 08:27:48 PM WHO THE F HAS THE POWER TO CLOSE ALL THE BANKS IN THE ENTIRE COUNTRY BY DECREE??? Years of fractional reserve along with the recent panic and unexpected political decisions can. The ECB didn't provide more liquidity to Greek banks, capital controls were inevitable after that imo. I wasn't asking about the economic causes and justifications (which I'm aware of), but what the governmental structures are that make it possible. Did they have to declare a state of emergency, or is it legal to impose "capital controls" whenever they feel like it? Anybody know? The finance minister has to sign a legislative act. Passed overnight. |