Bitcoin Forum

Economy => Trading Discussion => Topic started by: speeder on March 28, 2013, 04:33:34 PM



Title: Disaster is opportunity, get rich with Cyprus
Post by: speeder on March 28, 2013, 04:33:34 PM
Well, I cannot do it, but I think someone could use the idea...

Cyprus now has forked the Euro, since the Euro stuck on your Cyprus bank account is stuck there, you might want to exchange it for Euro that is somewhere else, or bribe someone to move it to you... making Cyprus EUR be valued different than ECB EUR

Anyway, now you can bank on it sorta easily, open a bank account on Cyprus, and create a exchange, allow people to buy BTC using Cyprus EUR, and then to sell that BTC for USD or ECB EUR, that way you create a way to facilitate the bank run on Cyprus, but more important, you can profit doing it.


Title: Re: Disaster is opportunity, get rich with Cyprus
Post by: instaBoost on March 28, 2013, 05:08:15 PM
This all crossed my mine at some point. All I need to do now is renew my passport lol


Title: Re: Disaster is opportunity, get rich with Cyprus
Post by: infested999 on March 28, 2013, 11:17:59 PM
Right now they have 300Euro/day withdrawal limit and export-verbot.

Are you saying smuggle the euros out from the 300 per day that everyone has?

Because that's not much.

What will happen after the banks open tomorrow?