Bitcoin Forum

BBC says no way remain can win......UK is out of Euro

This is very bad news for Europe and Britain.

+1 and i have seen the Brexit has been affecting our local HSI, it drops almost 800 as of this post.
even if not considered of economy, the policy of the GB will be needed to reform, otherwise the XK-class-like depression is arriving. most of the refugees are innocent and Brexit claims to kick them out, how terrible to their human rights.

Europe=Fäcked

But good for Bitcoin price.

not bad for britain.. think of the positives. with the dollar:pound dropping.

say you sell an item for £10... it would have cost america $15 to buy it esterday.. now america can buy it for $13.50 right now. while the UK still gets their £10 they asked for. this means the UK can sell more goods to america then before, which is a UK economy boost(selling more products) and an american economy boost(spending less per product).

some say american businesses working in the UK cannot take out as many dollars profit back to america, but this means they would be more tempted to leave funds within the UK to invest and grow the funds more, instead of just pushing it back to the dollar. which will help american owned UK businesses to grow. infact american companies would be more happy to spend money in the UK because its cheaper

arbitraging bitcoin between pound:dollar will be fun today, lets all ride the train

From monetary perspective, it's good that Britain never joined the euro zone, otherwise, they will be in the group that is bailing out Greece eventually.

ok. if the price of GBP goes far lower, then the QE if they implemented once, will be crashed.
if a notable country's currency gone panic sell, we won't know if the reputation will be crashed! :(

at least, we can get more stuff in GB, but not sure if your region will implement too much import tax with the GB products.

nice momenth to pumping bitcoin

kitco.com is coming up "down for maintenance"


wow, just wow, popcorn time

 Yeah that's an interesting take on it.  Britain's exports to Europe are larger than its exports to the US though but I have read that they might still be able to negotiate a free trade agreement with the EU after an exit.  Still, I can't see them coming out of this unscathed.

 I finally managed to get a connection - looking good for precious metals

https://i.imgur.com/6bDCVP9.png

canned food and shotguns (https://www.youtube.com/watch?v=1JITC1fo2HA)

UK leaving EU
Halvening in 2 weeks

BTC is about to hit a new ATH by July 23rd

I think Britain leaving the EU is a great thing for both parties. The EU is not helpful to its member countries, there are winners and losers and it doesn't make sense to try to have the same political and economic policies accross the member states, since each country needs to be run differently to address issues and since strategically each countries government would ideally optimize a little differently.

I think that all will depend on how they negotiate its leaving. Out of european union, they will have full control on economy, and i suppose that they will export at the same level to europe without any problem because europeans want to continue selling to Uk without changes.

It could well be the end of the UK too. The dividing lines are extremely stark. Scottish independence is straight back on the agenda.

I hope the bitcoin can be a currency adopted by the Scottish. If so, they will be very rich in a few years.

It isn't bad news for Britain at all. Britain being in the EU means they have to help bail out broke ass countries like Greece & Cyprus when theu default.

GB is an economic super power, they are better off on their own being self sufficient.

Germany are now left with a load of broke countries waiting for their next welfare cheque.

I agree it is good news for Britain. It hasn't done anything for the bitcoin price because Brexit has made the UK safer - Brits are no longer subject to the EU's draconian bail-in rules which stole a lot of people's money in Cyprus.

I do not think Brexit has made the UK safer. Britain will not the financial centre in the world, people will suffer.

People are already suffering. Just look at the big hit the pound got. Any company that imports products will suddenly have to pay 15% more for the same product.
This without getting the same revenue back. Believe me in a few months you will see importers sack people since they can't pay they salaries.

but but the ftse 100 is higher then before the referendum!!!

except that ftse100 is mostly multinational corporation that make their money outside the UK with US $ and the UK is starting a massive QE and economic stimulus package in summer.

You need to watch the FT 250 index, it is mainly the domestic companies. It is value is lower than before.