Forget the Greeks...

[hector3115]

http://money.cnn.com/2015/06/29/technology/greece-bitcoin/

Anybody with a little foresight and self preservation should learn from the Greeks and make the move to bitcoin now.  This will happen in other countries maybe even in the united States at some point.

Why put your future in the hands of politicians when you can base it on hard math.

Just one of the many, many benefits of bitcoin.

[Zetacoin Express]

I've heard some of my less 'Bitcoin savvy' peers mention this, which suggests that it may be partially true, that some Greeks could be exploring Bitcoin.
 
Problem is, it's not as simple and as awesome as we would like it to be.  Money is needed to obtain Bitcoins and (well) Greeks don't have this money.  In fact, they now have less of it due to recent capital controls.

Put yourself in their situation.  You can only withdraw 60 euros of cash per day. Then you see how the banking system/ATM's are already under stress by the current demand of withdrawals.  You (as a person who needs cash to live) may not be 100% confident you can get another 60 euros tomorrow.  Will you use what little cash you have to buy a fraction of a Bitcoin? Even if you are brave enough to do so, what will you do with it?

I highly doubt Greeks are going to rush into buying Bitcoins for 3 reasons:

1) They can't afford it
2) No way to buy it
3) It's basically useless.

In my speculation thread, I bring up an interesting idea to this problem.
https://bitcointalk.org/index.php?topic=1093512.msg11750864#msg11750864

[Chef Ramsay]

Doesn't matter if Greeks are coming in, the rest of the world is visualizing this trend and coming in in hoards. Deal with it. If you just sold out on litecoin, time to buy back in again. Take profits, then get moar.

[spiderbrain]

The Greeks actually do have cash, an extra €13 Billion printed in the last year. They just don't have access to digital money or international bank transfers, because all their banks are bankrupt. Sounds like a gap in the market to me?

[ShetKid]

I doubt this whole thing is due to the greeks, its probably just the world realizing the potential of bitcoin. We just had a massive liftoff and now at at 267 USD/BTC : )

[Amph]

greek has proven to be the killer application that bitcoin was waiting for, even if greek will not directly rise bitcoin value, it will rise the awareness of other countries about the malicious fiat system, due to the fact that they will depict centralized money like in a bad view now, this will force them to choose an alternative, and guess what is it this alternative?

you know the answer

[Cluster2k]

greek has proven to be the killer application that bitcoin was waiting for

The killer application for bitcoin has been Argentina over the past few years.  Capital controls, high inflation, no trust in the local currency.  Almost four times the population of Greece too.  Yet the impact has been difficult to quantify, if any at all.

Venezuela is also a killer application for bitcoin.  High inflation, a thriving black market, price controls ensuring stores remain mostly empty.

Greece will bring added focus on how bitcoin can help people escape government imposed oppression, but there are already tens of millions of people who should crave bitcoin.  Where are they?

[ajareselde]

The problem with people is that they usually don't learn from other people's mistake, but rather wait for themselves to be affected before realizing it.
It's always like that, people think how it can't happen to their country, to their accounts and savings, and when it does , it's too late and they either can't access their money, or have lost it in process.

Look at Greeks right now, with 25.6% unemployment rate currently, and limits on their accounts and ATM transactions, it's already too late for them.

cheers

[afbitcoins]

I think the point the opening post was trying to make is that it might be too late for hoardes of Greeks who've left it too late to do anything to protect their wealth but for those of us in other countries we can act now before it comes our way.

[hector3115]

I think the point the opening post was trying to make is that it might be too late for hoardes of Greeks who've left it too late to do anything to protect their wealth but for those of us in other countries we can act now before it comes our way.

Exactly.  Too late for the Greeks with their already imposed capitol controls.  People keep on analyzing this rally to see if it is actually Greeks opening wallets. Who cares??  The benefits of bitcoin are being witnessed by the entire world.  Sure the Greeks might be scrambling to open some bitcoin accounts but their time has passed.

I know myself when I first discovered bitcoin and read about the capitol controls they imposed in Cyprus, that's when it clicked for me.  And I live the U.S.

[stallion]

Greeks won't rush into the idea of Bitcoins .They'll gradually pick it up. And will think about it. They're gonna pick up the concept itself and will contemplate its execution.

[GreenCoin22]

lol, even Greeks is rushing to China! but I think LakeBTC is not a chinese exchange, which is difference with btcchina, it just service in shanghai.

[HarHarHar9965]

I think that the point being made here is that there is a lot of shit happening the country, everybody is trying to suck in profits and don't give a fuck about the growth of economy or the money of the citizens. Banks never really gave a shit, never do I think they will ever give a shit. Bitcoins can actually shape the economy and protect the rights of the citizens properly. So Forget the Greek situation, think for your own self now.