There are no buying market and they ended by sell it for cheap. many people waiting for next bitcoin bubble, and ready to dump it after price skyrocketing. Because they hold expensive coin for too long.
Anyway this is risky moves, if they want to manipulate market, better in stocks
Yes, they are holding really expensively bought coins for too long and it becomes a liability than an asset to them so they try to sale it quickly. It is a very risky move, let alone the chances of manipulating the market. It is a far better decision to try make any strong financial effects which might affect the market by investing in stocks, as that's where the real money is. |
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no, just no. its only 90 billion over 5 years - tbh. that is more or less just pocketchange for the german state.
this here is about credibility and reliability of the EURO and the eurozone.
Do you think that €90 billion is a pocket change for Germany? Definitely not. Even for the United States, €90 billion would have been a significant amount of money. Do you know that the total German tax revenues are around €330 billion per year? If they lose €90 billion, then it will represent a black hole of 6% of their tax revenues, for a period of five years. This will wipe-out the German budget surplus, and will start a recession in Germany. 'just 90BILLION EUROS'. Are you kidding me? Exactly, it would create a black hole in their economy. A period of 5years or maybe more, the recession would hit Germany because of the loss of this huge sum of money. It is a big amount for all countries, man. if a country is not making good use of its surplus budget, it is indirectly loss for them too. Singapore accounts a really good amount of surplus from their economy, they are making good use of their financial resources but still, their balance ends up in surplus because of the money they receive from tourism. It is nice to have an economy like Singapore because it is also somehow easier to manage. I don't see them going into 'an indirect loss'  |
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I guess there are many people said that they get a good profit from mining altcoin here, so why now you suggest us to wasting out time there? Yes it is wasting time because you can't miss any chance of rising so I didnt understand why you ask us to left there when it still can earn you really good amount of money?
Mining expenses have increased so much that it has become irrelevant to invest in mining as the price of bitcoin has also fallen. If it was 1000$ per btc now, then mining would be profitable but the price drop has clearly put so many miners into loss and so many of them have quit mining. My best friend is one of them. There is nothing left in mining for us, the cost of mining exceeds way more than any profit made (atleast as of now, maybe hardware changes in future change things) |
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well we advanced soo fast on the last years ,we need really to slow down otherwise the future will be compromised already feeling year by year the sun gets more hot and the cold getting more cold.... soo enviroment will affect economy global if people just dont stop think on money.... the bills of abuse EARTH will come slow but we cant recover anymore after taking the first step.
Several countries started to face problems about green moviments that should be respected over the world...
Green movements will die so as the earth. I do not think that most of the countries will last for more than 40-50 years. Either most of those will get abandoned by the people themselves, or those places will not remain healthy enough for a human being to survive. Wow, that's a dark perspective. I think there are hundreds of years to come, don't you worry about it. However, I would like to believe that machines learn new things through AI (artificial intelligence) and take over something which we created, our earth. Soon we become their slaves and our population reduces and we become extinct in a thousand years. We were destroyed by something we gave birth to. Irony. |
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87% of the population earn less than 100,000 annually
so wouldn't that 70% number tell us that more weathier people are utilizing bitcoin
it tell us also why bitcoin adoption isn't so vastly widespread, because only rich individuals are investing/buying it, common people are not interested in losing their few pennies if all this thing go wrong, the latter are awaiting for the second chance of low price, but their hopes are too far-fetched No, I think very few less people have their money invested in bitcoin. Yes, there are plenty rich people in the bitcoin community but much more are people from middle class families who are either tech friendly people who know their way around the web.. the others are a couple investors and others are just bitcoin enthusiasts. The happiest individuals. It makes my heart warm and fills it with hope to see how positive impact bitcoin has had on your life. I joined the bitcoin community when I researched about economy.. I am glad to be hear and hoping to make good changes to my finances soon  yeah man I found out about bitcoin to all those people who belonged to really financially moderate family and they were neither too rich or too poor. They struggled with their lives but made smart decisions in life. Bitcoin has played a huge part in their life and now they are doing really well, ensuring me a completely strong belief in bitcoin and how it can change lives Bitcoin certainly has the perfect components required to make and break a life. It has performed both in some cases, I read haha. I have only benefited from bitcoin. I invested soon and had my capital multiplied but lost it during the price deflation. I still have them with me and hope it rises again. I am very hopeful and positive about the future. Go bitcoin or go home |
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naaah! Bitcoins can give them some hope but not save Greece. The fiat money has already damaged the economy so much that I dont think a virtual currency like bitcoin can save Greece from its misery. Plus, you cannot get bitcoins by doing nothing, and the problem with Greece is that people are doing nothing..
The problem with Greece is that people aren't able to do nothing. I think its time they take control in their own hands because their government has obviously screwed them over. I think there should be an economic revolt in Greece ad things should change dramatically for them, although it might take years to come for proper implementation. The change starts from within, and the change must start now. |
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Word! Well this problems in Greece have awakened other countries. We all know that economy is very fragile and we can expect something bad in the next 5-10 years and bitcoin seems to be a great and convenient solution to the upcoming problems. It's virtual gold afterall and has a bright future. I can't think of reasons why one wouldn't seek refuge in it..
yeah man, I would agree on that. The Greece crisis has definitely brought attention to other countries too lol. In the coming years, we should help expand the bitcoin currency not only for our gains but for the betterment of all these nations because they deserve a better currency, not something which is controlled by a higher authority spying on us and looting us. The power should vest in the people |
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People aren't dumb, they're unaware. I don't see you making any efforts trying to spread bitcoin in Greece, then how the fuck do you have the audacity to call Greeks and everyone involved in the situation dumb? Walk what you talk and do something about it rather than being a keyboard warrior.
That's true man,people aren't aware and if we really want to make things better we cannot afford to sit around blaming and ridiculing people. We really could help by thinking of creative ways to spread awareness, and I would suggest people who find faults with others should take it up as a challenge and I am sure they will do great as they might already have ideas for improvement. Best Wishes. I agree. We are creative young people constantly thinking how to make more money. If all these people want to make off money during such a crisis, let it benefit both. We should consider helping ourselves and Greece's economy together for mutual benefit and growth and betterment of Greece economy. I hope the crisis ends soon, and we all can pray for the best but work for the better too |
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I'm pretty bored reading about the Greece crisis posts too, because all posts are pretty similar: Searching for answers about how to save Greece, how to make money in this crisis from Greece and expecting Greece to adopt bitcoin regardless of how non-affordable it would be to the country as of now. Don't worry, time will pass and people will get over it. Hopefully, Greece gets over it too  |
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it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"
being a micro country, I think it is good to have a currency which is decentralized. having bitcoin as their currency would help them citizens save money from those greedy banksters who charge shit load of money in the name of transaction fees and all that. Btc is going to grow and I am happy about this. Satoshi as PM, hahaha Yeah yeah its all cool to have bitcoin as your currency until its insanely crazy price fluctuations screw thing up for the whole nation. It might make sense for them as they are just a micro country but for a huge nation like china or India, fluctuation of huge amount might end and destroy lives of so many. THis shit matters, y'know. well you can fight instability and volatility only with adoption, but if no one want to start to adopt bitcoin, then we are in a blind spot... so ironically if a great power like china america will start to use bitcoin to a great extent, the volatility will be reduced greatly Yes, but we all know the chances of such an event happening is relatively less for now. US and China have been competing with each other regarding currency. US dollar is a global currency at the moment and China wants to replace it and get that authority and power but it is not possible for them at the moment regardless how powerful their currency is, because people have already adopted the dollar currency so well. They don't want change  education is required regarding bitcoins to the masses, I feel. |
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I think it would be a great idea if Bitcoin users that are currently in greece would socialize Bitcoins Like, explaining what's bitcoin and their functionality or maybe visiting houses and telling them about the Bitcoins But i think it's too late for all of that they cannot, they have their hand tied, they should have bought bitcoin before the default, now it's too late for them, the smart guy may have some funds in a abroad bank or in another paypal clone, maybe skrill? those can still do soemthing to save their economic situation Yeah, its too late for that. Even any collateral damage cannot be stopped because Government has given all such services a pretty decent warning that if they fuck around with their citizens, they'd be banned directly. They cannot accept any deposits as of now. Any hope for better survival can only be told in the next 2-3 days, when major events are about to take place. |
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Bitcoin is a decentralized crypto-currency with very less collapse risk, easiest to carry and helps eliminate hefty bank transaction fees. It could save Greece, yeah..months back. Now Greece has already fucked itself up. Bitcoin can be of no possible aid at this moment to Greece, it could however help to avoid a little collateral damage but the arrangements and resources required for that to happen would be something Greece would never consider, neither should they.
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In the currency market, the euro rose 0.15% against the U.S. dollar, moving to $1.1284 and recovering from an earlier low of $1.1188. The U.S. dollar index, which measures the greenback against a basket of currencies, fell 0.21%. The yen was flat against the dollar.
yeah, that is exactly how the stocks have been affected. This rising and falling of the values this time has kinda affected a little too much than the usual on stocks. |
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Your prediction seems to be nice, inspiring and in a way motivating. I hope things go at the same pace as they are, and it would be so nice to know how our investments have shaped into much more than an investment, but a real functioning, well adopted currency used by billions of people. I hope that day comes soon, and I hope old timers don't lose their patience and give up |
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If people actually know about it and somehow decide to move their life savings into a historically volatile currency I still don't see how it would be completely possible at this point.
If they can't even get access to their "money" stuck in the banks, then there is no way to buy bitcoin.
This would have been a great idea for those who had the foresight to see this coming, but at this point it may be too late for Greece.
However, there are lessons to be learned for the rest of us so hopefully we can avoid this happening again in the future.
A huge reason why Greece went into debt was because they couldn't afford euro currency at the first place. Why would they even think of adopting a currency which will multiply even more than 55 times right after their own adoption. No sane coutnry would do that and screw themselves up like that. That is really an amazing way to destroy themselves |
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I invested in bitcoin because my brother used to have an interest in bitcoin, and I had a massive business loss in bitcoin. The bitcoin shoot up in 2009 helped me literally multiply my investments in it by 200%. I have always loved bitcoin and whatever it has done for me, I will always have patience and gratitude for bitcoin and believe it will grow 10 times more than it is, in the next 10 years itself  |
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new isn't readily accepted by the masses. its first followed by a few and if those few are successful then they're joined by the people. also, most of the people are unaware of the developments
I agree. Sitting here and judging people is easy, maybe those poor people don't even know about bitcoin. And how do we expect them to adopt bitcoin? If they adopt bitcoin, their currency price will multiply by more than 55 times right after they adopt it. That is the same reason how euro fucked them up, why would they doom themselves even more? |
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Who knows what the future will hold and what role the economy will play in it, but I do believe that humans one day will need to leave planet earth in order to further and insure the species' survival. Kind of like how they do it in the movie Interstellar.
A project called MARS One has been initiated to begin civilization outside Earth, on planet mars. They plan to take the finest humans from Earth and begin creating a new world in mars, expanding humanity to another planet. It has never happened before, such an initiative has never been even made before. It would be exciting to see humans go destroy another planet now hahaha |
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Lol! I don't agree that the euro would've been a better option given the current situation.
If they were to choose the euro or us dollar, then they would be at the whim of their respective central banks. The european central bank could print lots of euro and crash the euros price, in essence they would be under their control if they did that. The only way a nation like liberland could remain free would need to have its own currency or use one that isn't issued by a central authority.
Euro is complete shit and that has been proved on a national level. The US dollar is already controlled by a central authority and using centralized currency would get them to stay on a leash. Bitcoin as a national currency could be the best possible decision but Satoshi as prime minister is a rumor hahaha. Despite the eurozone scandal, I wouldn't call it complete shit, but yes it is barely nothing in comparison of bitcoin. As the country is small in size, it is wise for them to choose the bitcoin currency. The adoption and trade in market also increase due to this. ALTHOUGH, Satoshi as Prime minister? HAHAHAHA. Oh god, where do you guys all this kind of fake rumors?! |
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The only reason BTC has jumped up after the Greek crisis is because the media attention it hasbee receiving due to the Greece default tragedy. The bitcoin currency has received some attention due to its less collapse risk and all the media rumors about how it can save bitcoin. I don't think so bitcoin and Greece might have much of a future at the moment, but it did get bitcoin some fine attention;)
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