Kim Dotcom Says ‘Greece Will Crash Market; Buy Bitcoin and Gold’

[Enjorlas]

I don't understand where people are getting this notion that Bitcoin price will do well in an economic crash. It is way to volitile for anyone with sense to put their wealth into.

[Argwai96]

I don't understand where people are getting this notion that Bitcoin price will do well in an economic crash. It is way to volitile for anyone with sense to put their wealth into.

thats what kim try to proclaim I'm guessing is part of hes play book against hes fight with the u.s after destroying hes megaupload empire.

[turvarya]

I don't understand where people are getting this notion that Bitcoin price will do well in an economic crash. It is way to volitile for anyone with sense to put their wealth into.

Have you heard about Cyprus?
http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/index.html

[Amph]

I don't understand where people are getting this notion that Bitcoin price will do well in an economic crash. It is way to volitile for anyone with sense to put their wealth into.

despite your claim, which is true for the general trend of bitcoin, if one look at the all time chart; bitcoin is pretty stable recently, and anyway stability could only increase with adoption, so if none is willing to take the risk and begin to adopt bitcoin, then stability will not be achieved ever

and in a crisis like this the safest market is the one more new, bitcoin fit perfectly for this

[Acidyo]

Who cares what some wannbe has to say about Bitcoin?...if we listened to every wannabe, bitcoin would be $10 bucks. The fact that press publishes shit like this blows my mind...pure speculation with no proof.

[neurotypical]

Who cares what some wannbe has to say about Bitcoin?...if we listened to every wannabe, bitcoin would be $10 bucks. The fact that press publishes shit like this blows my mind...pure speculation with no proof.

Like it or not, when someone has a huge following, it's going to have an impact on it. If Warren Buffet says don't invest in BTC, it's not what I would call positive, even tho it doesn't change the outcome: BTC being success, it doesn't exactly help..

[dKingston]

I wonder how much Kim himself owns of Bitcoin .. but I do agree he is 100% right. Buy gold and BTC, get OUT of US dollars

[pooya87]

i'd say bitcoin price will rise in the near future, especially around the 2016 block reward halving. so i suggest you buy bitcoin now.
if what Kim Dotcom claims turns out to be true, then there is an extra push for the price to go even higher which is better.

[OROBTC]

...

Greeks should indeed buy both BTC and gold.  Both are investments that are only somewhat correlated with each other, but both will help prevent wealth from being confiscated in a Greek bail-in.

I would say the same for cautious savers in the USA.  We may be only 3 years (who knows) behind Greece with our own financial problems. 

Pro tip:

If Greece has a bad ending, watch Spain & Italy.  If either goes off the cliff too (or even more so: if both do), then France goes...  France goes, Germany goes...  If Germany goes, and we have 48 hours (max) before the financial tsunami washes upon our shores.