|
Title: UK BREXIT effect on bitcoin Post by: franky1 on June 24, 2016, 01:48:15 AM after seeing the dollar<->pound drop on early news there was a "leave" majority(even though only 1% of votes were counted at that point)
http://www.bbc.co.uk/news/business-36611512 if the leave does actually win. we should see some more parity between the dollar and pound. in short if you were holding onto 1btc yesterday ($640 - £440) then IF the dollar<->pound tanks any more. the $640 dollar price of bitcoin can become over £500 per bitcoin due to the forex rate changes getting closer in parity. EG (forex rates $<->£) 1btc@$640= 1.50 rate= £426.67 1.45 rate= £441.38 1.40 rate= £457.14 1.35 rate= £474.07 1.30 rate= £492.31 1.25 rate= £512.00 1.20 rate= £533.33 1.15 rate= £556.52 which is good if you want to sell coins for pounds, because you get more pounds per bitcoin :D although the news hasnt shown if remain would make the rate increase. but if it did. then the pound price of bitcoin could go down, which would make it cheaper to buy :D might be some good speculative profiting happening this morning either way |