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Title: My message to Europe - buy bitcoins as safe heaven asset Post by: mkc on June 24, 2016, 02:44:00 AM UK started destruction of euro, dump Euro and buy bitcoins.
Although uk is not part of euro, but they started the process, expect Greek, Spain, pretty much everybody except German, maybe France. Title: Re: My message to Europe Post by: alani123 on June 24, 2016, 02:52:06 AM The leave vote is still leading the vote but we still don't know what we'll wake up to. Even if the Brexit is voted on, and the current goventment follow through on their promise, not much is going to happen overnight. The Euro and the dollar are actually doing well against the pound right now but there's probably going to be a correction following the closing of the referendum. I wouldn't say that bitcoin's price can be correlated to any of this.
Title: Re: My message to Europe Post by: mkc on June 24, 2016, 03:20:52 AM To be honest, I am not from Europe and not understand European business. All I know emini future was down 70 points.
Maybe tomorrow morning, everything will back to normal. As polls from pro remain area comes in. In my opinion, this is not good for Euro, worst for pound. Title: Re: My message to Europe - buy bitcoins as safe heaven asset Post by: mkc on June 24, 2016, 04:32:49 AM Gold up 6 %, Bitcoin up 10%.
It is very encouraging for us that both gold and Bitcoin are recognized as safe heaven assets. And Bitcoin outperform gold. Think about it, Bitcoin has a predefined up limit, while gold doesn't. It is time to break 1k. Title: Re: My message to Europe - buy bitcoins as safe heaven asset Post by: alani123 on June 24, 2016, 05:22:11 AM Gold up 6 %, Bitcoin up 10%. Bitcoin is up 10% from a fall it had well before the referendum vote even begun. Gold saw an impressive rise though and it certainly is related to the referendum. It is very encouraging for us that both gold and Bitcoin are recognized as safe heaven assets. And Bitcoin outperform gold. Think about it, Bitcoin has a predefined up limit, while gold doesn't. It is time to break 1k. Title: Re: My message to Europe - buy bitcoins as safe heaven asset Post by: mkc on June 24, 2016, 06:57:49 AM Looks like I am wrong, even confirmed British exit, bitcoin did not rally like I expect, slowly curving back where it started, hope tomorrow will have a good day. to the end, there are a lot of uncertainty regarding British, and Europe as a whole.
Title: Re: My message to Europe - buy bitcoins as safe heaven asset Post by: Bavaria on June 24, 2016, 09:40:25 AM I see cup and handle so exciting future waits us.
Title: Re: My message to Europe - buy bitcoins as safe heaven asset Post by: mkc on June 24, 2016, 04:35:02 PM Some analyst predicted in the tv, one more terrorist attack, one more country will leave the union. This is sad, but I think is true.
One show dropped, we are waiting for the next next next. In the mean time, why don't we buy done Bitcoin hedge the risk, right？ Title: Re: My message to Europe - buy bitcoins as safe heaven asset Post by: wikenpp on June 24, 2016, 05:05:34 PM UK started destruction of euro, dump Euro and buy bitcoins. Although uk is not part of euro, but they started the process, expect Greek, Spain, pretty much everybody except German, maybe France. Gold was up 4% just today, so i expect traders and investors to go all in to FOREX asap. This will give all non EU/GBP currencies a boost. It's hard to predict how much, but i expect both bitcoin and Gold will see a good steady boost for the next months/years. But going all in, may not be seem a wise decision. Just make sure to diversify your investment. |