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Author Topic: [2015-06-17] Recent Bitcoin price has nothing to do with Greece ∙ IHB News™  (Read 493 times)
anirgu (OP)
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June 18, 2015, 03:14:19 AM
 #1

A long time Bitcoin trader, BTCVIX goes over some reason why he believes the recent price action with Bitcoin has nothing to do with Greece.


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bryant.coleman
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June 18, 2015, 04:33:35 AM
 #2

I am not seeing any movement as such. The value has increased by less than 10%, after dropping by at least 50% during the last six months. I have a feeling that the Bitcoin has become too much under-valued as a result of the recent price-crash, and as a result, it is having a small correction in the exchange rates.
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June 18, 2015, 07:45:42 AM
 #3

This is the part that holds the key to this whole rumour ---> " I don't know if anything gets #bitcoin companies more excited than the potential collapse of a country's economy. "

The world seem to think all Greek people know or care about Bitcoin in these troubled times.

The mayority of these people are struggling to have enough cash to make a decent living..... there is no spare cash to buy Bitcoin.

The safest option for them, would be to buy some sort of asset to trade, when stuff really goes South. The best currency will be the things people would be willing to trade for.

Let's hope, it will not even get close to such a scenario for those people.  Shocked


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