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Title: Bank Runs in Ukraine. The next Cyprus? Post by: nextgencoin on November 16, 2014, 06:37:57 PM Will this inspire a BTC spike?
http://www.zerohedge.com/news/2014-11-16/ukraine-bank-runs-begin-poroshenko-plans-sever-socio-economic-ties-separatist-held-r Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: Caernarvon on November 16, 2014, 06:54:23 PM Probably but who cares it's Ukraine? ;)
Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: gog1 on November 16, 2014, 07:21:50 PM Did Cyprus really caused the BTC rally before?! I doubt it.
Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: Flashman on November 16, 2014, 07:32:05 PM If everybody thought it did, and acted on such belief, then it did, even though it didn't ;)
Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: 1Referee on November 16, 2014, 08:50:36 PM Why do you think they will get into Bitcoin?
They most likely hold it in their save or just transfer their money to foreign countries. Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: galbros on November 16, 2014, 09:40:09 PM I am surprised that more people in countries like Ukraine and Argentina that have currency issues don't use bitcoin. However, bitcoin has dropped far further against the USD this year than those currencies have. (Sad to say as I am a bitcoin believer.) I think a bigger part of the issue is that there isn't the infrastructure to easily convert your bank holdings into bitcoin in these (or almost any) country.
Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: var53 on November 17, 2014, 02:21:34 AM I am surprised that more people in countries like Ukraine and Argentina that have currency issues don't use bitcoin. However, bitcoin has dropped far further against the USD this year than those currencies have. (Sad to say as I am a bitcoin believer.) I think a bigger part of the issue is that there isn't the infrastructure to easily convert your bank holdings into bitcoin in these (or almost any) country. I don't know about now but it was easy to convert your bank holdings into bitcoin in Ukraine last summer. On July 8 the article linked said a nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash. http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin- Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: jonald_fyookball on November 17, 2014, 02:30:44 AM I am surprised that more people in countries like Ukraine and Argentina that have currency issues don't use bitcoin. However, bitcoin has dropped far further against the USD this year than those currencies have. (Sad to say as I am a bitcoin believer.) I think a bigger part of the issue is that there isn't the infrastructure to easily convert your bank holdings into bitcoin in these (or almost any) country. yes it dropped against usd because it was already sky high....obviously there was a huge bubble that popped but now we have a new baseline, let's see what happens from here, also realize bitcoin has built in inflation which decreases over time. Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: TinaK on November 17, 2014, 03:01:36 AM the most liar are from Ukraine or Nigeria
Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: Kimowa on November 17, 2014, 04:42:59 AM Did Cyprus really caused the BTC rally before?! I doubt it. Yes it did. The reason for the spike in the price of bitcoin when Cyprus was having it's banking issues was that people across europe were afraid that Cyprus's problems would spread throughout europe and other country's banks would institute similar capital restrictions and deposit haircuts. There is no such risk in the ukraine Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: bornil267645 on November 17, 2014, 05:51:16 AM I am hearing lots of theories on when and how the next BTC spike will happen. But at the moment it's stuck like Ice. So whatever happens, hope it brings well for the BTC community.
Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: BeataTX91 on November 17, 2014, 06:20:46 AM I am hearing lots of theories on when and how the next BTC spike will happen. But at the moment it's stuck like Ice. So whatever happens, hope it brings well for the BTC community. Yeah, let's hope so. Title: Re: Bank Runs in Ukraine. The next Cyprus? Post by: bryant.coleman on November 17, 2014, 07:25:48 AM We should be safe, especially after BTC-E moved its office from Kiev to Sofia in 2013. ;D I don't think not many Bitcoin-based businesses operate out of Ukraine right now.
But still feels bad, since Kiev was sort of Bitcoin capital of the Europe. |