Bitcoin Forum

Currently it is $1,10 for one Euro
what would happen to the Price  if greece left the euro ?

i think it will shortly dip below the $1 mark, maybe to $0.80/$0.90 but it will recover after a while when other countries are realize this is the best option. no more greece in the euro.

i don't believe that i will go under 1:1 ratio it may be equal but it wont go bellow.

I think it'll go below USD for a while before making it back to the 1:1 ratio (or a tiny bit higher). then it'll stay there until something else happens

It could go below for a short period of time when panic ensues, it's only 14 pips from now and you are there.

If EUR was to become equal to USD panic will start because that would be huge news. People remember that EUR is typically worth a bit more than 1 USD. When they hear it's equal they will start converting their euros into dollars and bitcoins which will further accelerate the fall of EUR. EUR is in dead cat bounce, see this topic:
https://bitcointalk.org/index.php?topic=1112770.0

Why should removing the weakest link from a currency reduce the value of the currency?
The fact that people think that a € is worth more than a $ is meaningless, it also wasn't always the case (e.g. 2002)

The Euro might before more localized to northern Europe, but it isn't going anywhere soon, or at least not long before the USD goes down!

it's still holding above 1.1, it does not look that easy to dump it below 1

and it look solid now, with some swing up to 1.11

If grexit happen, it means the Europe is broken! Ppl will lose confidence to its single currency! Panic selling may occur, the rate has high chance to dip lower than equality! But it wouldn't last long before ppl recover the confidence to Europe! Besides that, America has a lot of issues on the spot in the future, like huge debt, deficit, low employment rate etc, which will put pressure on dollar!

This is a good test of the current alternative if it gets to happen, https://www.youtube.com/watch?v=KHAWfTP5iW0 it actually getting some good reactions from both sides
Euro or Grexit i think the people are more worry about the economy the politician put them in.

I disagree, I think that the euro is backed by a strong economy.  Sure the grece will make a dent but long term I think it is ok.  But I could be wrong, you can never overestimate the silliness of crowds when fear is in the air.

Right now the Euro is not doing that well. After Greece crisis , everyone is speculating a dip in the Euro rate with proportion to USD. Euro might even go below USD. That's how experts feel about it. But i believe that the fall will be temporary . Not for a very long period of time. The USD and Euro currency will be back to 1:1 ratio or maybe Euro can do better in future.

Yea there is a lot of speculations going on in the currencies markets, more people picking up the dollar, i just want to be fair with the euro Greece is not a big player when it comes to other European country's is a tiny spec but their politics have driven the country to shit and they have to relay on the Euro to bail them out.

If the countries economy has failed to pay its creditors is because their economy policy used by the government has failed also just imagine if they didnt had the euro to bail them out.

The euro will die!

If Greece leaves the Euro (currently it seems that it might not happen), I think the Euro will increase in value, because its weakest member left. Very short term the Euro might drop because of an immediate fear reaction, but I'm pretty sure it would gain quite fast afterwards.

A different reasoning would be a dropping Euro because of constant fears of contagion effects. Personally I don't think that this scenario is realistic right now, because the ECB is ready to intervene massively.

Of course, regardless of what will happen in the short or medium term, ultimately the Euro will face the fate of all fiat money: Zero.

ya.ya.yo!

On the contrary, the euro will rise after Greece's exit from the EU

Those same experts didn't see the financial crisis coming, and even now are creating a new one, by holding the fraudulent and sick system into practice. Please don't come with opninions of "experts"  because they know jackshit and never can see the whole picture...

i also think this, less loan to be payed to a country that is only a big leech and nothing else, i'm sure that a big portion of the the devaluation of the euro happened primarily for all their great debt that was never payed back from greece

grexit can only help the euro at this point, they are nothing more than a dead weight right now...

Greece is not the only country in the Eurozone with debt issue, I believe France, Spain, Portugal, Italy all could potentially be in simialr situations in the not too distant future.  Greece is only the beginning of this.  Seems like those calling for worldwide economic crisis might not be too far off...

So happy that we use DKK (Danish Krone) instead of that Euro Shit.
Then we dont need to have all the shit from greece.. Atleast not as much..

Maybe in the short term but if the euro is to continue long term it will be a much smaller zone, several other countries will ultimately exit too in the end. As it should. Unless those countries willing to lose all sovereignty

I think you're right, short term euro will benefit.  But that is the problem with really all the governments, they are SO short sighted, and the PEOPLE are the ones who will pay the price in the long run.

In fact, this scenario could come to the US, unless someone fiscally responsible can get elected

Yes, and that means that not only is the Greece dead weight right now but so are these countries (atleast to an extent) in the euro zone. The funny thing is that if all these countries are kicked out of the euro zone which is highly unlikely to happen, then euro will be fucking weak and fall down. And if these countries still are in euro zone, they will just be leeches and make it weak slowly. Either way, Euro is possibly the first currency which we will see collapse

Possibly, but even "superpowers" China & USA have massive economic problems right now.  I think the coincidence of these issues is suspect, and that when a massive collapse does happen, it will be VERY fast.  I even heard Ron Paul say he thinks a us dollar collapse would happen in a matter of hours, not day or weeks.  Similar to the stock market crash preceding the great depression.

Theoretically euro should become stronger without Greece.
Currently Greece is nothing but a parasite full of criminals in euro area.

I would say near to 1:1 ratio. There will be a huge shock if the euro turns out to be less worth than the us dollar one day.

1 : 1 or less (vs USD)

In my opinion its not going to happen in long term Euro will gain from this and with the strong economy back up its could be up against USD

I think what we are going to withness is simply none other than a big dead cat bounce, the cat being greece and the bounce being the eurozone giving them 50 million and a couple more months of dicking around with a debt that everyone knows will never be paid. After that, here comes 1:1 euro/dollar parity.

And you can't imagine that the euro might surprisingly come out stronger after the greek problem is finally solved?

Ofcourse there is still Portugal left, but it is a much smaller  problem at least in the short term

Yes, my lord.

http://www.digdang.com/media/images/mr_cat_4400.jpg

possible but not any time soon more and more Europe countries are collapsing with euro but i dont know if this will be any time soon

Portugal, Spain and Ireland. And by the time the problem with Greece is solved if it ever is, other countries may be showing signs of problems. Maybe even France and Italy at that point.

The end game is quickly approaching. Prepare yourself for major global events in September and October 2015. In case of alien invasion, bear in mind that it will be a false flag invasion featuring man-made bio-robots that look like aliens.  Your euros will be worthless.