So once again Britain has helped everybody. Well maybe not the frackers.  Maybe not the Scots either!  Ole Nicola is excitedly talking about independence again, but they'll all sober up once they look at the figures. If independence was too risky at $100 a barrel, what is it at $47 a barrel? lt is not like the EU has any money to subsidize the Scots, in the absence of the UK, they'll probably look to them to make a hefty payment. |
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Now this surprised me - I was expecting a period of increased prices until the situation stabilised. I've just filled up with diesel fuel, and the price is down by 4p per litre. It looks as if the benefits from Brexit are arriving already. It's because the oil price crashed after Brexit. The market's reasoning was Brexit would lead to slower EU growth, especially if tariffs slowed the EU's exports to Britain (the EU has a trade surplus with Britain), that would lead to lower manufacturing which leads to lower oil consumption - and hence the oil price collapsed. |
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How can they claim co-sovereignty when they are a lapdog state of the EU?
They can't. Gibraltar was awarded to Britain in the Treaty of Utrecht which was signed by Philip V of Spain in 1713 and awarded Gibraltar to Britain in perpetuity (Good Queen Anne signed that Treaty on behalf of Britain). They would need to tear up that Treaty, but then that invalidates treaties in general and all the treaties that underpin the European Union... |
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It might do if Holland has Vote which seems to be pretty likely to happen so yes it could have the opportunity to boom
The Netherlands might have a vote, but it will be harder for them to leave the EU than Britain, because the Dutch signed up to the euro. Britain by contrast controls it's own currency, so all that we have to do is renegotiate trade treaties (and if that fails, trade under WTO rules which are hardly onerous). |
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Those are FOREIGN Banks in foreign countries who are panicking. Everything in Britain is working as normal - we have our own currency, we control our own currency, we now are no longer part of the EU with it's mad ideas about confiscating people's savings via bail-ins (something Britain has never done in 1000 years of history). Brexit has made Britain safer and your ordinary Brit isn't going to sell the blessed pound sterling for anything else. Foreigners might panic though. |
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The average age of the "leaving" voter is above 50! That just means everyone wanting to leave will have to live maximum 25 years with this decision while everyone wanting to remain are going to live with this decision for 60 years!
Has it occured to you that the "old people leave voters" may of being thinking about their children/grand-children/great-grand-children's future when they voted yesterday? Ah! And how those old fags could know the world better than their children? The good old "we're older, we've got the experience we know better than you" is totally outdated nowadays. Are you seriously saying that someone who was born without internet and lived most of his life without any kind of modern technologie in a world where you never went farther than 40 km from home, is better to decide about your future than yourself?  Do you really believe the ability to Google can replace experience? Many of the oldies experienced Britain's exit from the ERM in 1992, and it was pretty bad, the Germans wouldn't take the phone calls of the Prime Minister on the day Britain crashed out. My father said at the time, look at what a mess this is, mark my words, the euro will turn out badly because the Germans just won't cooperate with anyone. Twenty years later, and you had Greece - but the young people in Greece, having no memory of problems, were caught off guard, they were completely blindsided and are paying the price with 50% unemployment and their savings confiscated. I voted to Leave as did all my family, and am glad of the wisdom of the oldies in giving us perspective about the ills of the EU. |
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I think the price will stay where it is now. If Brexit, which is roiling the world markets, didn't make bitcoin rise, the halving won't either.
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For me, this is kind of a huge investment, but should I actually do it?
What are the risks of doing this?
if you buy with this rate and sell after halving you will have like 99.999% profit There is no guarantee the price will go up after the halvening. |
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https://ig.ft.com/sites/brexit-polling/The "leavers" are ahead with 45% against 44%, really interesting. Tomorrow is the day and it could probably reflect a bit on bitcoin price as well. In any case I hope what I've read about this WW3 is not true otherwise... I really can't tell. Looks like it switched...those you want to remain is at 47% (vs. 45% for those who want to leave). The latest polls include Northern Ireland, whereas the previous ones were GB only. NI will vote to remain, as will Scotland, London and Gibraltar. The question is whether the leave vote in England outside of London will be high enough to offset all that. |
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Profit taking, it went up too fast. Nothing goes up in a straight line apart from pumps. Also when it hit the highest since 2014, some of the people who bought back then hurriedly sold, thanking their stars they were able to exit.
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None of the exchanges are particularly liquid, which means one big seller can crash through a lot of orders. Add in that bots sell based on price movement, you had a lot of automatic selling going on at the same time.
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yeah but the fall down was not big at all.
it was just small correction when you see the bigger picture here.
$780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up.
Yup. It went up too fast. It would be good to see it stabalise at the current price for a month or two before gently moving up again. |
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It is because bitcoin isn't very liquid. There are maybe 20,000 speculators doing all the trading, while most fiat currencies have millions of people trading them. It will take time for bitcoin to become more stable - more people involved and exchanged that don't collapse at the slightest thing.
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http://www.cnbc.com/2016/06/21/winkelvoss-twins-are-expanding-their-gemini-bitcoin-exchange-outside-of-the-us.htmlGemini, the cryptocurrency exchange founded by the Winklevoss twins, is expanding into the U.K, the company said on Tuesday.
...Gemini has been on an aggressive expansion path since its October launch. It has begun operations in Canada and announced its U.K. launch on Tuesday. Customers in Britain can now buy ether with bitcoin and sell ether for bitcoin. Soon, Gemini will add support for trading bitcoin and ether with U.S. dollars for U.K. and Canadian users, a feature already available to all of its U.S. customers.
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George Soros: EU exit risks 'black Friday'The world’s most famous currency speculator has warned that a vote on Thursday for Britain to leave the EU would trigger a bigger and more damaging fall for sterling than the day he forced Britain out of the Exchange Rate Mechanism almost a quarter of a century ago. George Soros, writing in the Guardian, said a Brexit vote would spark a ‘black Friday’ for the UK, but the devaluation of sterling would bring none of the benefits to the economy that it enjoyed after it dropped out of the ERM on 16 September 1992 – Black Wednesday. He said that, as in 1992, there would be big financial gains for speculators who had bet on the UK leaving the EU but that such an outcome would leave “most voters considerably poorer”. Soros said that unlike after Black Wednesday, there was little scope for a cut in interest rates, the UK was running a much larger current account deficit, and exporters would be unable to exploit the benefits of a cheaper pound due to the uncertainty caused by avote to leave the EU. Read more: https://www.theguardian.com/business/2016/jun/20/brexit-would-trigger-sterling-fall-worse-than-black-wednesday The thing about Black Friday is that it kickstarted 16 consecutive years of growth for the UK (from 1992 to 2008). It was the best thing that ever happened to us! |
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Just remember that just like gold, prices go up and down. The price of gold was very high in 1979 - and then dropped and didn't recover it's previous highs till about 2005. That is a long time to be underwater. If people have made profits, then cash out an amount to your initial investment, and that way, if it tanks you haven't lost money and if it continues to soar, what you still have invested should be very profitable.
I hope people took my advice and protected some of their profits... |
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It went up too fast, and all those people who bought at $700+ two years ago sent their coins to the exchanges and sold. It was bound to happen. It is only when all the 2014 lot have finally sold will the market have cleared properly and be ready for a genuine push up.
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Damn, lucky I bought some waves before the price corrects..
Isn't the crash because of bitfinex issues?
I think both bitfinex and BTC-E got DDoSed and people panicked. Hopefully sensible people were taking profits as the price climbed, and had trailing stops on the rest. |
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Some of us have been telling people to take some profits. Hopefully some people did, and are now able to buy back some more.
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