Bitcoin Forum

The United Kingdom European Union membership referendum (https://en.wikipedia.org/wiki/United_Kingdom_European_Union_membership_referendum,_2016) will take place on thursday. How do you think the result will affect the BTC exchange rate?

The most popular opinion seems to be that BTC gains strenght in times of economic uncertainty, and a Brexit would certinly be classified as such. I agree. I think a "leave" result of the referendum will lead to a spike in the BTC exchange rate. 150 USD or more, probably within an hour.

I also think the opposite is true: A "remain" result will lead to a drop, but not as strong. The reasons I think this effect will be weaker are mainly the two following:

• "Remain" is the most expected result. Take a look at the gambling sites if you don't believe me.
• Many traders who have bought BTC in anticipation of a "leave" result have benefited from the rally since the end of May. They are not in a hurry to cut any losses.

There will be no leave, so there will be no spike. That is the reason why the bitcoin price dropped from $780.

A Brexit no vote will have 0 effect because Bitcoin already had an enormous dump.  Anyone who wanted to sell is long gone.  Then there's a bunch of people who are underwater and can't sell or they'd take a loss.  So the effect will either be none or next to nothing.

Brexit stay and BTC pump  ;D WTF

The sudden bump from $560 to $639 a couple of hours ago could be someone having early information about a leave result. I don't know how that would be possible since the voting hadn't even closed by then, but I'm not familiar with how the counting is organized.

It could also just be a so-called dead cat bounce.

nothing because we're staying in thanks to women and ethnic minorities taking the cowardly option as usual

They ain't gonna vote to leave. Like the Scottish referendum the leavers were too vague about what their plans were if they got the result. No one likes uncertainty even if they don't like the status quo.

As for bitcoin, it would've inspired the few hundred people controlling the price to try and fool a few more people but I think the rest might be a bit tired of their shit right now.

In my opinion that whole brexit is just media hype and the effect on our everyday life is close to 0.

think about it, what will really change? Brexit or bremain, it's all the same.

The brexit thing imo get more attention than its actual size, a No vote will have a minor impact in the price, a Yes vote could make the price rise by $100 or $200 ofc with the pumping

Edit: sorry zimmah for posting the same sentence was writing it in the same time as you