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Thing is...... The Greeks already voted in a way on this issue, when they held their elections...... they voiced their opinion on austerity quite clearly.
I am not sure they have changed their minds now.
If anything you have to wonder if their will to stick two fingers up at the eurozone , will be stronger than ever.
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http://www.bloomberg.com/news/videos/2015-06-29/euro-falls-yen-surges-on-haven-demandhttp://www.reuters.com/article/2015/06/29/markets-forex-idUSL4N0ZF10X20150629Yup.... the Yen & the swissy (pm's next? lets see)
I do not see BTC being used as a safe harbour, maybe gold, bonds, yen, swissy...
..........
It seems that the PIGS nations in Eurozone are all expecting trouble... Greece is on shaky ground, and there are serious worries for Spain Portugal etc...
I am curious to see what happens in a scenario where another bail in is allowed even just a bondholder bail in...
I am also curious to see how Bitcoin will behave in the event of a major stock crash, if it would suffer from capital flight as people cash out to cover positions elsewhere, or decide cash is king, or if it could be perceived as a "safe haven" (I doubt this atm as there is too much volatility for people to use it to park cash in a safe haven scenario in a financial storm, so I imagine the Swiss franc and the yen will get hit up, maybe gold, US treasuries <depending on the cause of the crash> )
You are welcome 
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Come on Greece! We need to pass 250$ now!
Greece is a lubricant ? |
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I do not see a Grexit having a direct effect, i.e Greeks buying BTC en masse.
However I do think that each case of capital control that is imposed, or even suggested, and each case of bail in's or potential bail ins that occurs, it does have an effect on the use case for Bitcoin for the rest of the world.
Also, in the event of an actual Grexit , it would send a shock wave around the entire globe, effecting most/all markets, though it may be short lived, it would most likely happen, and there would be a knock on effect, and part of that effect could mean flight to perceived safety on a global level, and in this case that could actually mean funds moving out of Bitcoin. Problem comes if the markets start to wobble, there are people covering positions, getting margin calls, and moving to safety, and often in these situations, people do not sell what they have.... they sell what they can which means that the illiquid markets are stuffed, liquid markets are not so.
I would not discount the effect of a Grexit.
I do not think it would be good for most.
I do not see BTC being used as a safe harbour, maybe gold, bonds, yen, swissy... I could see some people that are already BTC investors could give it a kick up, perhaphs, but I would not count on it.
As far as BTC goes I think it would be more to do with how much exposure BTC investors have to other markets, that they could have to scramble to cover, in reality I do not think it would be too much of a problem.
If a grexit does occur and capital controls are put into place, then after the dust starts to settle, I can imagine the argument for the use case for BTC to have strengthened on a global scale... but this is not in any particular way useful for the people of Greece now... and I do not see them using BTC en masse to evade capital controls.. they are just not set up for it imo, barring a few tech savvy Greeks.
http://www.telegraph.co.uk/finance/11680077/Bank-of-Greece-issues-grave-warning-of-Grexit-as-British-government-prepares-for-fallout-live.html( four months are almost up lets see if we get another last minute reprieve, or a giant kick into the collective balls....) <putsontinfoilhat> Maybe they are going to use the next four months (or do I mean days?) to prepare for a soft grexit, rather than dealing with a hard grexit sooner. Or maybe they are just trying to figure out how to phrase the word "default" so it sounds more like "perpetual bond"
<leavestinfoilhatonbecausesinceputtinghatonhavebecomeconvincedthattheNSAarereadi ngmythoughts>
Forgive my ignorance but what does Greece have to do with the price of BTC?
Directly... at this point in time.... very little. Indirectly... a lot. I am not sat here with my cock in hand hoping for a financial crash in hopes of escaping capital outflows benefiting BTC, because well at this point in time I do not see it happening. However, there is an increasing possibility no matter how the current situation pans out, that we may see capital controls put in place (not just in greece either) due to the situation in Greece. there is a perfect storm scenario where the Greece leaves the union, and the ECB declare they will not provide temporary liquidity to cover the capital flight from greece. In fact there is the scenario where even if it does not go that far, the billions of euros a week that are currently leaving the greek banking system, continues and accelerates, even without a grexit. Basically capital controls could be put in place, and directly at this point in time, the effect for BTC will be very little.. but, it will be yet another exhibition of capital controls, and even if the greeks are not thinking about it, others will be.So if the Swiss unpeg was the first canary in the mine.... perhaps Greece is our second canary.. Plus also BTC does not operate in a vacuum anymore than Greece or Europe does... as I said earlier if Greece leaves it is relevant to most, and certainly to anything to do with the economy/investments etc. I have posted on here in the past about my view of how BTC may be impacted by a (medium sized) financial crisis. NO BIG SURPRISE ! fuBAr THOUGH |
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I will give you one loaf of bread, for one jar of olives...
Okay okay okay, 1.5 jars of olives...
You drive a hard bargain
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Going to be an interesting few days
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Greek debt crisis: Banks 'to stay shut on Monday'
http://www.bbc.co.uk/news/world-europe-33305019"Banks are expected to shut while capital controls are put in place. That in turn could push Greece towards leaving the eurozone." Shocking /s
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That was one helluva dump, doing squat.
I couldn't believe that. We had one crappy little pump, then just when I thought it was going to moon we had a 1.5k dump straight down. Is someone taking us for a ride or what? Dude, greece hasn't quit EU yet and every sane man do realize that after the week of banking "holidays", no pensions, no salary payments and softening of creditor's terms majority of greeks will vote for accepting of creditors proposals so the drama will be over for another 5 months. So this pump is just a joke, probably market makers will allow it to reach even 265$ just to have more profitable shorts, because they do know that another auction is coming soon. Yeah, auctions have proven to be such non events.... who cares |
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Its just a blackmailing - to announce referendum before todays final meeting of EU, Greece is gonna be kicked off from EU before that idiotic referendum happens and greek gov do know that, its just a desperate political trick to soften creditor's claims. I would expect their trick to work out because its much easier to soften creditors proposals than handling financial storm of eurozone with ultimate damage to economy of EU. I posted for general reference, not in reply to your post. |
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Will EUR fall or skyrocket?
Then we know something for BTC
Grexit or none?
- Mayer Amschel
(kicks can down the road)  |
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Then all you need is a potato tower.
Maybe some of those minature cows ^^
Hmmm minature pigs...
Can you make guinea sausages out of guinea pigs? You could certainly try  |
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Even if capital controls were put in place, and even if people did decide to get in on it in Greece I wonder if it is a two way Bitcoin atm? http://coinatmradar.com/manufacturer/3/genesis-coin-bitcoin-atm-producer/ Otherwise ..... unless people start to buy before capital controls, then if it did actualy coe to it, peoples accounts will have capital controls in place so.... debit cards etc would not help that much... unless it is a two way one, and people have a lot of cash floating about. It writes: "First bitcoin ATM launched in Greece. This is a one-way Satoshi1 bitcoin machine which is located at Orizontes Bookstore in Acharnes." As far as I know, this one takes fiat duh yeah.... I should have probably read it, and then thought before I posted...(who would care about 2 way capability in such a capital control situation) my bad, it is late and I have a had a few ha ha ........eitherway people will still need cash floating about. And still a lot of Greeks would have to become Bitcoin friendly for this to be significant (I should probably go to bed) |
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Decentralised farming is where it's truly at. Sod that money shit.
I actually rather like the idea of Vertical Aquaponic farms (= fish and salad/veg. ) Set up a pump (or a hydraulic ram) let gravity take care of the rest. Then all you need is a potato tower. Maybe some of those minature cows ^^ Hmmm minature pigs... |
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Now we wait... for capital controls  Even if capital controls were put in place, and even if people did decide to get in on it in Greece I wonder if it is a two way Bitcoin atm? http://coinatmradar.com/manufacturer/3/genesis-coin-bitcoin-atm-producerOtherwise ..... unless people start to buy before capital controls, then if it did actualy come to it, peoples accounts will have capital controls in place so.... debit cards etc would not help that much... unless it is a two way one, and people have a lot of cash floating about. Also one ATM ain't exactly gonna cut it. |
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How's about  Is that Satoshi???!!! |
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  ? |
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