Bitcoin Forum

15 days left for brexit. Will this bring the price of bitcoin and other main cryptocurrency price up or down.
Will uncertainty add to more investor buying cryptocurrency to save the price drop or increase in pound and euro.

Or

Will this not effect the price.

I don't believe the Brexit decision will give something (good or bad) to Bitcoin. People don't listen anymore and don't give a f**k. they got tired with it for 2 years. Even Britains are tired of their own stuff. The pound sterling may be the currency that will have some effects and that's all For for sure it will have geopolitical consequences but up to say "BTC will go to the moon again", nope.

Seeing how previous Brexit decisions panned out, I don't think there'd be a significant impact on cryptocurrency whatever the decision is from the regulators and from the people involved. Not all bitcoin traders react to the said news, although some people would certainly love to make a fuss about it and try to use it as a trading signal for sure. I'm more concerned on what will happen to the Pound Sterling after all of this has come to end, though the recent rejection of Theresa May's deal didn't cause quite a spur.

Bitcoin and crypto would be free from any influence the Brexit might struck, that's for sure.

It won't necessarily have an impact on crypto as a whole, but what will play a role is how the Euro keeps getting weaker and weaker. In my case that's a bad thing because my Euros buy me less Bitcoin. €1 was +$1.20 like a year ago, and now it has fallen to $1.13ish levels. I do expect a flat $1 valuation in the forthcoming years. It's shit.

Just wait for Deutsche Bank to go down, it will drag the whole European Union down with it. It's a ticking time bomb.

Doesn't really have any effect at all.Lets say this do affect Euro but on general sense I don't see a reason why cryptomarket would be affected with these kind of news/events.
It has nothing to do with it.

I don't see why would brexit have an effect on cryptocurrencies. There are no links between GBP and BTC. And this is not a dramatic event that would make people want to "hedge" into cryptocurrencies as they are descentralized..

It will have no effect (if we will have a brexit) a different thing is if will more countries will leave the euro.

GB situation is too small in comparison to the euro market or in comparison to the global economy and bitcoin is adopted by a very small part of the population today so...

Thank you for taken time to write a reply.

Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.

A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.

Ah, those famous Turkish crypto whales... Where are they now?
During an economic crisis, the first aim is to save your money and not to get some extra revenue. From this point of view BTC can fall way lower than GBP. It is not a secret that  cryptocurrency may easily lose 50% of its price during a small amount of time without any super strong shocks. I can hardly believe that something like that will happen with GBP.
It is safer to remain your savings in fiat then buy crypto. Such pattern may only be applied to countries with long hyperinflation.

When you say bitcoin can drop far lower then gbp. What bitcoin is at near £3k to a pound. What you suggesting bitcoin 0.90 to £1 pound.

Sorry but this is not possible. Can’t see this happening. Yes may drop but never this low.

I mean the percentage drop. Bitcoin can easily use 50% of its value while in case with GBP something more serious than brexit should happen to make pound lose its price so fast.
No one cares about the value of BTC. We just need to see how it behaves over time and GBP is much safer.

Again I have to disagree (No one cares about the value of BTC) what you mean is you don’t care. But please check and see which forum your on. Then understand that we all care about BTC and understand the true value. Also I am not saying GBP value will drop low. GBP is the most strongest flat currency around.

But just looking at possibilities which could happen. Brexit is not just a simple exit. Check what happening you can understand there fault lines here.
So when an economic take a small blow, price has a move right. This is what I talking about. So please reply if you have anything to add. But don’t forget bitcoin we all care.

It is hard to say.If will be hard no deal Brexit than it will be shock for GB and EU economy
For sure pound will lost some of his value
Already many big financial institution has found new places in EU
If worry GB citizens will buy btc becouse of losing pound then it could be some up
But i think Brexit even hard will have limited influence on cryptocurrencies

Right now we cannot assume anything because Brexit has surely prepared something for cryptocurrencies and we can only wait and see what they have decided. Anyway , i dont think that Brexit will have any significant effect on cryptocurrency because UK doesnt have enough power to make such a big impact over something that is used all around the world.

So far it has not had any impact, it would have dumped down to these lows in any case. Bitcoin is not tied to any currency and the economy in Britain will not crash, brexit will do nothing to bitcoin

I think there will be a decreasing of cryptocurrencies because of Brexit. Why? Because Brexit destabilizes the world economy. When the situation goes like this, all countries want to protect their own economies, so they reduce their risk in the investing. That means that risky markets will receive less money. In that way, an interest of investors will decrease so do the price.

No matter what type of thing UK decides to do about brexit none of it really applies to bitcoin at all.

It is totally irrelevant and useless. Hell if they do brexit and its harder for business to business deals than they might even start using bitcoin to make it easier for them so it could even potentially have good results. In the end I feel like of course it will have a very very short term affect, maybe at most 3 days to a week and that's it, but after that whole world will continue like it never happened.

I understand UK really cares about this issue and brexit has been a topic for them for a while now but honestly know that if a person doesn't live in UK or in EU that person really doesn't care. I am from neither UK nor EU and I do not care about brexit AT ALL, hence most of the world will just continue to exist without caring about what UK does or doesn't.

There will be no effect to the cryptocurrency markets after the British exit from the European Union.
This point stems from the fact that little to no British people are aware of the cryptocurrencies and the benefits that they can enjoy from them. I don't think that we are going to see any pump or dump in the market cap after this event.

I concur. The people in my community don't even know what Brexit is and I don't blame them for not knowing since this is a local event(UK related) which won't affect the entire world obviously.

Honestly, I am surprised to hear that it hasn't happened yet since I have been hearing about it for several years now. What in the world is going on in the UK?

I don't see it happening. Most countries don't have enough money to pay the EU for breaking the agreement and leaving. The EU comprises of a group of rich countries, among which we have Germany and France, and the group of poor countries, like Bulgaria and Romania. The rich function as loan providers for the poor. After a while the poor are expected to pay it all back, once their economies get in shape. The rich have no incentive to leave, because they still expect to profit from their loans, mainly in the form of new markets for their products, while the poor cannot leave because they are unable to pay back what they took right away.

Will it affect bitcoin? I see no way how it could. Only the collapse of the EU might have an impact.

Either the price will increase either the Brexit will not affect at all the bitcoin price. Why? Because more bitcoin is buy with USD and not with GBP, so even if GBP goes down the price will not be so much affected.

I think that exactly brexit will not affect in any way. Now comes the wave of popularity of cryptocurrency and it will affect the people of England, including. Although many analysts believe that brexit already affects crypto. Since large companies leave London and, accordingly, funds too and, according to experts, most of them are transferred to cryptocurrencies.

It is likely that there will be no withdrawal of England from the European Union at all. Recently it was decided by the parliament of this country to postpone such an exit. This decision was approved by the EU member states. In England itself, several million signatures have been collected for the re-referendum on leaving the EU. By this time, many Englishmen understood the advantages of the union and what they were losing when they left it. The more time passes, the less likely the exit itself.

Perhaps Brexit has no direct influence on Bitcoin, but I think that it still has an indirect effect on the development of cryptocurrency. I noticed that after the information about Brexit in the press on the stock exchanges there was a fall in stock prices, and on cryptocurrency exchanges the prices for bitcoin and altcoins fell slightly. Perhaps at this turbulent time, investors transferred their capital into gold, including they could sell Bitcoin and buy gold. I do not know how it really was, but I watched as the market fell, and gold kept at the same level and even grew a little.

The cryptocurrency community don't really give attention to any official any more just like the previous Bexit decision never hard any effect on the activities of the crypto market the next one will also not have any effect on the price of cryptocurrency. Lot of the user of cryptocurrency have come to the realization that the cryptocurrency market does not depends on institutions decision or government agent laws. So in my opinion the next Brexit will not have any effect on the cryptocurrency market.

Investors continue to withdraw their investments in recent days it has exceeded $300 million. If it doesn't affect Bitcoin, at least it will affect the funds invested in British equities. Also the IMF said we could see a severe slap in the event of Brexit without an agreement.
Thinking it will happen, yeah Brexit could be an opportunity to Bitcoin, but Brexit takes tooooo long.

I am still not sure to make a decision but i tend towards a small increase in price on the short run as people would worry about fluctuations in the value of the Pound.

This is complete nonsence as the upcoming euro-elections will show (the brexit parties are surging in the polls).

Britain will Brexit after making further no deal prep.

As to the effect on cryptocurrency: very little. The UK is not Cyprus. It has it's own currency. The banks are better capitalised than the European ones. The govt's deficit is reducing rapidly. Unemployment is at a 44 year low.

The banking system works exceptionally well, especially since they introduced Faster Payments, where you can send money electronically from your account and it reaches the recipient within minutes. It's much faster than any crypto (the banks saw the writing on the wall and improved their services).

It all depends on what issues will be raised.If questions about cryptocurrencies are raised,everything will depend on what exactly will be said about them.If they say positive things, it should have a positive impact on the overall capitalization.

Most investors just pull their investments because they are concerned about the coming regulatory changes and legislation that will impact the economy of Britain. It's a precautionary step, but at the end of the day, it likely doesn't mean much because everyone is preparing for a worst-case scenario, one that is incredibly unlikely to occur. There might be some trade agreements that get scuffed, and that's probably where a lot of the uncertainty about investments comes from, but it'll only be taxed at worst.

Most of the Brexit investment withdrawals won't result in an influx of cash into Bitcoin. It'll be re-deposited where-ever the investors see fit, and it'll more likely be in tangible assets than anything else. Or, at least, a market where something tangible can be tied to it, like stocks to a company.

I think that the withdrawal of England from the European Union will not affect the price of Bitcoin and other cryptocurrency. England and after that will remain on our planet and its citizens, as before, will use the Internet and cryptocurrency. I am even surprised at the formulation of such a question. After all, for the Internet and cryptocurrency borders do not exist.

How can you expect a government to have a positive outlook for crypto? The first thing on their mind is having the centralized ecosystem become regulated one way or another, and this will definitely be felt by people.

Governments have been extremely slow with catching up on crypto, so the more "crypto friendly" they become, the more likely it is that their improved understanding of this space will lead to harsher regulations.

Japan is a great example of that. It started out as a Bitcoin friendly country, then suddenly turned into something that even Binance as the largest exchange couldn't handle, which is why they chose to leave Japan last year.

I don't see Brexit having a significant impact on bitcoin. As a general rule, the rise of nationalism in Europe may steer some activists toward bitcoin and other cryptocurrencies, but these movements are just not strong enough to impact the price significantly. Far more influential are nations with collapsing currencies that force them to seek cryptocurrencies as an alternative means of exchange or store of value.

I think it will have a small impact for good. It won't be huge and I doubt it will have any impact at all and change the price but if its going to have any its going to be positive one.

Think about all the companies that have worked both on Europe and Britain so far, all of those companies will have to find a way to run their business together after brexit and bitcoin could be solution for them, if they are having harder time sending money from one place to another because of brexit they could just buy bitcoin locally and send it to other place and cash out locally and they will solve that problem. I am not a dreamer so I know this won't be the thing most of the companies will do but maybe couple of them will do it which is why I said positive but tiny.

Funny, but I don’t really have time to check up on these things anymore cause I no longer think they are worth. I have seen people talk about how things like this can make the price to skyrocket, they have said many times, but at the end you will come to find out all these are just bullsh**, cause they never work. They will still be released and price will still be where it is or even go down to the worst.

I really do not see any major difference in the price of bitcoin simply because of brexit, there might be economic implications because of the decision but people will not invest into a platform which is highly volatile like bitcoin because they fear that their economy will go down, if they understand the risk of a high volatile investment platform and they are interested in bitcoin, they you might see some investment, other than that i do not see a major difference.

So I guess we already know the answer by now that Brexit didn't do anything in the crypto market. Great Britain isn't even a crypto friendly country to begin with so even if they pulled out from the market we cannot see any major influence from them not being part of the market.  From the last 30-45 days we have seen Bitcoin impressively go up back up above 5,000$ which was in the range of the Brexit an we obiously saw that nothing really happened related to that. The crypto market's price movement right now is more of its technical side rather than  news and speculation.

It did not do anything because it did not happened. Decision still needs to be made how will be future relations between EU and UK.

People here are a very decent counter indicator. If they think that x event will pump the price of Bitcoin, it's more likely that it won't do anything at all, or even tank the price.

Warren Buffett a few days ago said that he's not worried about the Brexit at all, and even plans to invest in the UK, and that while all the self proclaimed experts and other fools constantly echo how bad the Brexit is for the economy. Who's word do you value more in this case, the word of the best and most successful investor in the world, or the word of a bunch of boobie economists and political drama queens?

yes, at present bitcoin reaches $ 6000, and this is a good achievement, after a while sleeping. Moreover, English is not a country that is very influential on bitcoin, of course Brexit does not have much effect

Britain is actually not a big leader in Bitcoin and any good or bad development in the county will certainly not affect Bitcoin. Brexit will soon be proceeding once the deals are done and Britain is to stand on its own feet away from the influence of the EU community. In my opinion, the economies of EU can be helping push Bitcoin if governments will be putting up in their regulatory infrastructure for cryptocurrency.

Brexit was postponed again.They will postpone it until forever.In the end,England might even not leave the EU.
The bitcoin price is going up,but this has nothing to do with the brexit shit...
The brits won't buy more bits. ;D

I can not understand one thing, why they postpone Brexit? And in the Ostolny, I completely agree with you, Bitcoin is growing regardless of brexit!

Parliament didn't like the deal the EU was offering. At the same time the government hadn't fully finished it's preparations to leave without a deal. Hence the postponement.

Looking at how things go with the E.U. probably nothing will happen. Just think at the importance of this step and how tolerant governments are.

Now that I think about it, it could definitely have positive impacts on bitcoin as well. If you want to know why I started to think like that I think the money going in and out of Britain right now is easy and there is less regulations on regular fiat entry, companies could just work with European countries and not worry about money going out or going in.

Moreover, if brexit happens than there could some more regulations on top of the current ones which may make it harder and the companies or even the people who use those relax regulations so far could switch to bitcoin as well. I am not saying it will happen but that could be a reason for bitcoin to go up as well. We still don't know the details of how it will happen or even if it will happen but if it does than this is a good possibility.

I don't think there is going to be any change that this Brexit is bring. Though I have been reading articles where the authors claims that there is going to be an increase in bitcoin due to Brexit. Just like the article I read on Forbes, that a Brexit-caused recession is likely to make Bitcoin to rise. The author has said that a no-deal Brexit is going to cause the price bitcoin rise, in the UK and other countries as well, cause unemployment will increase and the UK central bank will be forced to print more cash and that will cause an Bitcoin to rise against pound.