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Author Topic: If Greece leaves Euro - effect on BTC?  (Read 3110 times)
sniveling
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June 24, 2015, 09:49:47 AM
 #21

if Greece decides on leaving the Euro behind , i think it might have small effect or near none effect on bitcoin's price. but the dollar will be effected obviously by this.

Bitcoin is generally either priced in dollars or yuan. There are exchanges offering euro markets but their volume is insignificant compared to the big two currencies. If the euro falls against the dollar because of a grexit then Europeans get more euros for selling their Bitcoins, but it costs them more euros to buy Bitcoins. That might encourage them to sell rather than buy, to a limited extent.
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June 24, 2015, 09:50:00 AM
 #22

Greece will not leave (nor get kicked out of) EU yet.
But IF that WOULD happen, I expect that Euro will also get hurt a lot. And not only me will expect that.
The result will be that Bitcoin and USD will gain quite some %.

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randy8777
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June 24, 2015, 10:24:51 AM
 #23

Greece will not leave (nor get kicked out of) EU yet.
But IF that WOULD happen, I expect that Euro will also get hurt a lot. And not only me will expect that.
The result will be that Bitcoin and USD will gain quite some %.

us dollar already gained quite a bit against the euro. i don't think it will gain even more since it might be destructive when the value of the euro falls below 1.00 if that happens prepare yourself for a lot drama.
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June 24, 2015, 10:32:12 AM
 #24

us dollar already gained quite a bit against the euro. i don't think it will gain even more since it might be destructive when the value of the euro falls below 1.00 if that happens prepare yourself for a lot drama.

USD gained (and will gain even more) vs Euro for completely other reason. For some months EU central bank is printing money. A lot of money.
Meanwhile US is slowly getting out of circulation parts of the huge amounts of money they've printed in the past years.
So EUR dropping under USD is not that unexpected.

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June 25, 2015, 10:23:04 AM
 #25

Nothing can be predicted at the moment because generally I would say that though the people are quite concerned about how they could protect their money but they haven't really find a way to overcome that, and even with bitcoin there, they still haven't fully buy in to adopt bitcoin. We might see the price rally a bit but the increase could be driven by current btc holders and not newcomers. 

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June 25, 2015, 10:35:37 AM
 #26

Kim dotcom seem to think it may have a big effect on bitcoin and gold.
http://cointelegraph.com/news/114629/kim-dotcom-says-greece-will-crash-market-buy-bitcoin-and-gold

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June 25, 2015, 11:04:21 AM
 #27

Kim dotcom seem to think it may have a big effect on bitcoin and gold.
http://cointelegraph.com/news/114629/kim-dotcom-says-greece-will-crash-market-buy-bitcoin-and-gold

Can't find any arguments there why should problems of Greece crash the stock markets or have any influence on bitcoin price at all..

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June 25, 2015, 12:27:28 PM
 #28

Kim dotcom seem to think it may have a big effect on bitcoin and gold.
http://cointelegraph.com/news/114629/kim-dotcom-says-greece-will-crash-market-buy-bitcoin-and-gold

Can't find any arguments there why should problems of Greece crash the stock markets or have any influence on bitcoin price at all..
I agree, i think he is kinda betting on a long shot with this prediction.
I dont think it would have a negative effect on bitcoin so always worth holding and seeing how this thing plays out.

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June 26, 2015, 07:07:25 AM
 #29

Greece will not leave (nor get kicked out of) EU yet.
But IF that WOULD happen, I expect that Euro will also get hurt a lot. And not only me will expect that.
The result will be that Bitcoin and USD will gain quite some %.

USD may get a gain OR Bitcoin may get. But not both at a time - they are opposite.

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June 26, 2015, 11:13:17 AM
 #30

I think Greece won't leave or kicked from EU
But, if that happen. It could raise bitcoin adoption & price

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June 26, 2015, 02:02:29 PM
 #31

If Greece adopts bitcoins, the price will go up, other than that don't see much happening.

I doubt any country is going to officially "adopt" btc.  BUT, I just heard Ron Paul say that a candidate for  French president is considering leaving the Euro as well, if things like this continue to happen, THEN there may be enough momentum in europe for a new currency that btc could become a viable option.  Could happen sooner than we think!
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June 26, 2015, 02:24:58 PM
 #32

If Greece adopts bitcoins, the price will go up, other than that don't see much happening.

I doubt any country is going to officially "adopt" btc.  BUT, I just heard Ron Paul say that a candidate for  French president is considering leaving the Euro as well, if things like this continue to happen, THEN there may be enough momentum in europe for a new currency that btc could become a viable option.  Could happen sooner than we think!

many small economies in eastern europe may soon "swtich" over to btc or some other from of crypto but the big ones like cvhina and the US cant sustain a economy with Bitcoin as the primariy money substitute...

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June 26, 2015, 02:29:46 PM
 #33

If Greece adopts bitcoins, the price will go up, other than that don't see much happening.

I doubt any country is going to officially "adopt" btc.  BUT, I just heard Ron Paul say that a candidate for  French president is considering leaving the Euro as well, if things like this continue to happen, THEN there may be enough momentum in europe for a new currency that btc could become a viable option.  Could happen sooner than we think!

many small economies in eastern europe may soon "swtich" over to btc or some other from of crypto but the big ones like cvhina and the US cant sustain a economy with Bitcoin as the primariy money substitute...

Do you have any sort of actual evidence of this happening?  It seems like a lot of people would have to act in unison to really start using btc day to day, and make it so people aren't constantly just converting to fiat.  I think it would be great if adoption picks up more with the many currency crises, but its going to take a concentrated effort by THE PEOPLE to really make it happen, I would hold no faith in any gvt to make this happen...
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June 27, 2015, 02:09:13 AM
 #34

If Greece adopts bitcoins, the price will go up, other than that don't see much happening.

I doubt any country is going to officially "adopt" btc.  BUT, I just heard Ron Paul say that a candidate for  French president is considering leaving the Euro as well, if things like this continue to happen, THEN there may be enough momentum in europe for a new currency that btc could become a viable option.  Could happen sooner than we think!

many small economies in eastern europe may soon "swtich" over to btc or some other from of crypto but the big ones like cvhina and the US cant sustain a economy with Bitcoin as the primariy money substitute...
What a load of shit, most small countries don't even know much if anything about btc or other cryptos and have no plan to start using them as a national currency.
In a recent servey something like about 50% of American citizens said they would never use bitcoin.

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June 28, 2015, 08:41:04 AM
 #35

no, if Greece leaves Euro then there is no effect on BTC ......... but .......
if Greece adopts BTC then the price of BTC will rise ......

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June 28, 2015, 09:03:59 AM
 #36


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June 29, 2015, 02:24:20 AM
 #37

I guess we have the answer.

Q:  What effect does Greece leaving the Euro have on bitcoin's value?

A:  None

The price went up slightly in anticipation of a Grexit, but we've seen many such rises before.  It's obviously driven by people outside of Greece buying bitcoins in anticipation of the Greeks wanting them, but if you're the average Greek who has to buy food, fuel, and shelter which would you want right now: Euros or bitcoins?

I think the answer is obvious.


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June 29, 2015, 02:57:27 AM
 #38

I guess we have the answer.

Q:  What effect does Greece leaving the Euro have on bitcoin's value?

A:  None


History may find your verdict extremely premature.

This terrible situation validates the core concept of Bitcoin.

Because, Bitcoin will not shut down on Monday.

Bitcoin is money beyond the reach of politics.

Money that cannot be censored or confiscated at will.

An alternative that is always there, and just keeps going.

Under adversarial conditions. Indeed, under any conditions.

Come monday, all Greek banks will be closed.

And Bitcoin will be open for business.

On Monday, and every day, in Greece and everywhere, 24/7.

So, it falls on Greeks citizens and Greek companies to make do with any one of three options.

Cash, or barter, or Bitcoin.

And almost all Greeks will choose cash and barter, but Bitcoin will be there.

And when the world comes crashing down,

Bitcoin is the better option.

And so, the great deluge begins with a trickle.
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June 29, 2015, 03:10:54 AM
 #39

nothing

nobody will look to bitcoin unless the dollar shows weakness

Those who hold and those who are without property have ever formed distinct interests in society
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June 29, 2015, 03:17:07 AM
 #40

Greece leaving the euro may have an impact on the tax payers of the countries who hold the most debt from there, probably Germany maybe France, i cannot see this as even related to the btc economy really directly though

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