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Title: EU set for more Cyprus-style bail-ins for troubled banks Post by: adamstgBit on December 11, 2013, 08:56:05 PM http://www.cnbc.com/id/101263206
what does this mean for bitcoin? Speculate. Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: rampantparanoia on December 11, 2013, 08:58:38 PM Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: Jcw188 on December 11, 2013, 09:00:25 PM Did anyone notice the runup (not this past one) was right when the Cyprus banks did the bail in? THat is one thing I would bank on pushing BTC higher, if there is any type of calamitous event, confiscation of wealth, or something like that.
Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: I_bitcoin on December 11, 2013, 09:08:54 PM Same comment from the wall thread for me. I think it drives money into alternatives (including stocks/bonds/gold/silver). Betting that bitcoins are one of those alternatives.
I believe the bail in will largely affect stagnant money (sitting in cash accounts earning little/no interest). Shame on those who don't inject their cash into volatile/scary/complex things :). Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: tampazeus on December 11, 2013, 09:26:33 PM http://www.cnbc.com/id/101263206 what does this mean for bitcoin? I dont believe it will have noticable effect next year, considering the time these measures will be set Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: Ibian on December 11, 2013, 10:15:10 PM Cyprus came out of nowhere - it has to to work. Don't trust anything.
Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: Chalkbot on December 11, 2013, 10:24:27 PM Cyprus came out of nowhere - it has to to work. Don't trust anything. Precisely. Remember, that after the Cyprus bail-in there was the whole scandal about policy maker families being tipped off ahead of time and withdrawing funds? A bail-in does not come with a heads up, or else there will be a run on banks that forces the bankruptcy they are trying to avoid. If EU is saying 2016, I would interpret that to mean "definitely before 2016." Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: humanitee on December 11, 2013, 10:25:27 PM Cyprus came out of nowhere - it has to to work. Don't trust anything. Precisely. Remember, that after the Cyprus bail-in there was the whole scandal about policy maker families being tipped off ahead of time and withdrawing funds? A bail-in does not come with a heads up, or else there will be a run on banks that forces the bankruptcy they are trying to avoid. If EU is saying 2016, I would interpret that to mean "definitely before 2016." +1, good points all around Chalkfriend. Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: hd060053 on December 11, 2013, 10:41:29 PM if another cyprus-like event occurs in europe - and eventually it will - bitcoin will sure go to new highs like in april.
Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: meanig on December 11, 2013, 10:48:59 PM Slovenia will be the first country offered to the EU Gods.
Follow coverage of the fiasco and its impact on Bitstamp in this thread https://bitcointalk.org/index.php?topic=173318.0 (https://bitcointalk.org/index.php?topic=173318.0) Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: zimmah on December 11, 2013, 10:55:28 PM http://www.cnbc.com/id/101263206 what does this mean for bitcoin? Speculate. 2014 will make 2013 look like a slow year Title: Re: EU set for more Cyprus-style bail-ins for troubled banks Post by: GriTBitS on December 12, 2013, 08:21:41 AM I just love how high the moon is!!!! |
