If Greece leaves Euro - effect on BTC?

[#Darren]

Sorry to as a question which has probably been discussed often, but I have been absent from the forum for a while.

What effect do you all think Greece leaving the Euro might have on btc's fiat trading value?

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[Mayer Amschel]

It will moon, as will the Dollar and Ruble.

Euro will fall.

- Mayer Amschel

[Amph]

the only downside, would be that greece exiting would be followed by other countries that were planning to exit, all this may cause a chain reaction, that could bring down the euro, thus raising usd value and possibile bitcoin too

but it is not so straight forward that if greece will leave other will follow, just pure guessing at this point

this should be on economy or speculation board though...

[Mayer Amschel]

the only downside, would be that greece exiting would be followed by other countries that were planning to exit, all this may cause a chain reaction, that could bring down the euro, thus raising usd value and possibile bitcoin too

but it is not so straight forward that if greece will leave other will follow, just pure guessing at this point

this should be on economy or speculation board though...

Ow, never even thought of a chain reaction, it makes sense.

We could be seeing more volatility in world markets more frequently.

#Grexit all the way.

- Mayer Amschel

[cryptojumper]

I don't think Euro will crash. Why do we need weak countries like Greece in eurozone anyway... There might be a temporary drop in Euro value because of panic and speculators, but in the long run it's only for good. That said, I don't think it has anything to do with bitcoin price at all..

[Ruckspin]

What effect do you all think Greece leaving the Euro might have on btc's fiat trading value?

Nothing unless Greek's start putting the money into bitcoin en masse.

[JPage]

I don't think Euro will crash. Why do we need weak countries like Greece in eurozone anyway...

When Europe sheds their lowest performer economically, the value of the system should increase rather than decrease. 

[Daniel91]

I also think that effect on BTC will not be big because there is no direct connection between Greece and BTC.
Also, Euro and Bitcoin are not in the same market.
Of course if Greece choose to replace Euro with BTC everything will change dramatically but we don't see such announcements from leading Greek politicians.
They still trying to stay in Euro zone or in the worst scenario ring back their old currency- drachma.
Too bad really, this was a unique opportunity for Greece's political elite to make a real turnaround in their fiscal policy and move to the right alternative- bitcoin.

[randy8777]

it's hard to predict, but those who want their money to be safe are wise to buy bitcoin. if they go back to their old currency it will be a big disaster for them. i would definitely get myself bitcoin if i were a greek.

[Morecoin Freeman]

I expect exaggerated expectations. Probably nothing will happen.

[spiderbrain]

I think it's good for bitcoin because bitcoin is a useful way to make capital controls moot, and anything that makes fiat currencies less trustworthy only makes bitcoin more appealing. 

[Herbert2020]

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.

[cellard]

What effect do you all think Greece leaving the Euro might have on btc's fiat trading value?

Nothing unless Greek's start putting the money into bitcoin en masse.

How many addresses are from Greece? is there a way to know? it would be the only way to try to guess what the impact would be. I guess in Greece is still like everywhere else: just people into economics+geeks are into BTC and would know what to do. So i dont expect a big impact simply because most people are clueless. It only takes a couple whales that know how to use it tho, to get the price up, we dont necessarly need masses.

[arvis]

Turmoil in world financial markets is good for bit coin.
But I don't see the Greek crisis ending quickly

[NUFCrichard]

It will moon, as will the Dollar and Ruble.

Euro will fall.

- Mayer Amschel

I think Bitcoin rises, Euro falls then rises, much like bitcoin after Silk Road went down.
Removing the weakest link from a currency should only make it stronger.  There is almost no reason why it should fall when the average strength of the economies involved is increased!

Therefore the USD and others would fall in comparison.

[Wexlike]

No effect at all. Greece is far behind when it comes to technogical progress and awarness.

But trader will trade according to the news.

[manselr]

Turmoil in world financial markets is good for bit coin.
But I don't see the Greek crisis ending quickly

What's for sure is on the 30th they'll not pay, therefore, they'll give them 6 more months of fucking around.. and it should get solved, should. If it doesn't, it would be more against the interest of the EU than it is against the Greek's. Once a country leaves the EU, the Brussels treaty is broken, so you can expect anything... they keep reforming it tho, it's a joke.

[Pab]

 Yes it will,only yesterday after positive news about agreement Greeks have withdraw 900 mln euro from banks

If will be Grexit than euro may fail and much more is german banks invested in derivatives

Now many people see that current financial system based on debts very dengerous and no working anymore

There are some talks to make commecial banks be only financial services,but you know,it cant be done without fight
Polish banks already suspended polish exchanges banks accounts,that is also Greece effect,fear is all around

[cryptojumper]

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.

It's more if EU leaders decide that Greece is no longer welcome since leaders of Greece seem too arrogant for the position in which their country is right now.. Why other countries have to pay them if they lived for years way above what they really earned and were increasing the dept. They still live better nowadays than those post soviet countries in EU for example..
Anyway, little to no effect on BTC price, I am sure of it.

[Zorrocoin]

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