Greeks are rushing to Bitcoin

[jeannemadrigal2]

I think it is hard to tell if the Greek people are buying coins or not.  But the media is making stories about bitcoins, so either way it is getting some good exposure as a legitimate storage of assets, instead of a way to buy illegal things.

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[coinsect]

Would they wander off to LTC as well? 

uhhh LTC? what is LTC? ahh, I know, dead project from some chinese guy without community..)

Some ppl are buying up this crappcoin!

Yep, I agree that this is a psychological move.  If people in Greece were really buying bitcoins en mass then I believe we would see a much sharper increase in price.

I don't think they have the money to buy now! And it seems ppl from other regions are not buying up as well.

[bryant.coleman]

uhhh LTC? what is LTC? ahh, I know, dead project from some chinese guy without community..)

LTC is quite popular in Russia and China. And as long as BTC-e includes them in their UI, there will be some value for the Litecoin. That said, right now you can't do anything with the LTC. All the sites, which were accepting LTC earlier have either closed down (Atlantis) or shifted to other currencies such as the Bitcoin.

[Amph]

Would they wander off to LTC as well?  

uhhh LTC? what is LTC? ahh, I know, dead project from some chinese guy without community..)

it has a good name, you can't deny that, the name is very important in everything, it's a strong name, that it is immediately recognizable

also they still see it a the bitcoin little brother, don't except litecoin to die so easily, and because many like alternative, litecoin will remain alive for a long time

Would they wander off to LTC as well? 

i think this bitcoin pump, is because of the ltc pump too, and not only for the grexit

and the lct pump is because of the pumping, i don't believe there is any connection with the grexit, they only started to rise it with the grexit to increase the hype...

good strategy i would say...

[BIT-Sharon]

It seems the new spring of Bitcoin.

[afriezalie]

Today i see bitcoin price experienced significant increase from $255 to $265. Maybe it's caused by people who rushing to bitcoin because Greece bankrupt. This problem also make gold price increase. Let's see Greece Referendum result.

[S4VV4S]

Today i see bitcoin price experienced significant increase from $255 to $265. Maybe it's caused by people who rushing to bitcoin because Greece bankrupt. This problem also make gold price increase. Let's see Greece Referendum result.

That would be my guess too.
With Greece bankrupt Euro will take a big hit.
It's price already started dropping.

And it's also hard to believe that Greeks who are limited to €60 per day will rush to buy Bitcoins.
Maybe some of them, which are the ones that had inside info and withdrew before the announcement.

[Kprawn]

Today i see bitcoin price experienced significant increase from $255 to $265. Maybe it's caused by people who rushing to bitcoin because Greece bankrupt. This problem also make gold price increase. Let's see Greece Referendum result.

That would be my guess too.
With Greece bankrupt Euro will take a big hit.
It's price already started dropping.

And it's also hard to believe that Greeks who are limited to €60 per day will rush to buy Bitcoins.
Maybe some of them, which are the ones that had inside info and withdrew before the announcement.

Where did you see that they are limited? Source? That would really suck, and it explains a whole lot.

If they do not already have Bitcoins, this limit would not help them at all. If they bought Bitcoins before the limit, they would not be that restricted.

I wonder how many vendors/merchants accept Bitcoin in Greece? It will not help them, if they have Bitcoin and they cannot buy anything with it. Eg.. local Food

It's a damn shame, what is happening to those people. I have many friends there, and they are suffering because their government made the wrong decisions.

[bryant.coleman]

Today i see bitcoin price experienced significant increase from $255 to $265. Maybe it's caused by people who rushing to bitcoin because Greece bankrupt. This problem also make gold price increase. Let's see Greece Referendum result.

Some of the users are hoarding Bitcoin, expecting a NO vote in the Greek referendum. Imagine what will happen, if some last minute deal is reached between the troika and the Greeks, and the referendum is cancelled. If that doesn’t happen, then a surprise YES vote in the referendum is also a huge possibility.

[Gunther]

Greek people are poor as fuck, right? So their 60 dollar isn't helping.
I have reason to believe that Philipvdlinde is pumping Bitcoin, just like he did in 2013.

[Mehek]

I am glad the greeks have realised the true power of decentralised currency snd are benefiting themselves by buying bitcoin. This boost of sudden purchases of bitcoin clearly portraits how a crypto currency is much more better and useful than fiat currency.

[ThEmporium]

If Satoshi Nakamoto is still around and found, Greece will make him the head of their financial sectors, they would be thankful for him for his excellent invention of this digital currency technology which ultimately became quick resolution for their current financial crisis.

[prodigy8]

even if Greece is not affecting bitcoin the markets that are being affected might have an effect on Bitcoin.

[mrhelpful]

This is another related topic: https://bitcointalk.org/index.php?topic=1103870.msg11750150#msg11750150
You can have a look! I think guys here just randomly post new threads without checking the existing ones!

well despite if the guy is starting new threads or not, greeces problem is a on-going problem with eu.

so we can be sure that a whole country needs to move their money which should influx more price increase if western union keeps closing doors for a week.

[countryfree]

I believe capital controls forbids sending money outside of the country. If it's still possible today, it won't be possible tomorrow. Greek banks just have no other choice if they want to open again next week.

[Coinbanker]

news reporter said they're not tech savvy nation. how many bitcoin atms there?
even their national bitcoin exchange sites looks sleepy.

[Amph]

even if Greece is not affecting bitcoin the markets that are being affected might have an effect on Bitcoin.

they are affecting it along with the litecoin halving, but not directly, basically it is once again a hype thing, many know that with greece exit the price will rise(pure speculation) therefore they start to buy

then other will follow, it's all about following the hype, there aren't really any tangible effects from the Grexit

[EternalWingsofGod]

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange. Even trading platforms in China are getting interest. LakeBTC, headquartered in Shanghai, is seeing a 40% increase in visitors using computers in Greece.

[...]

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

Taking advantage of a change in economic situations is a great way to increase Bitcoin adoption.
In the future when the currency stabalizes if the infrastructure for Bitcoin investments appears and remains constant in Greece it could keep and retain its adoption, what I would like to see now is for more services to set shop in Greece to trade Euros for Bitcoins and shops and merchants being targeted to increase adoption in the long term.

[Mieehayii]

percentage data is easy to reverie, 79% or 40% can be from 1 to 79 or 40, I would like to know how much is the number exactly

[Gunther]

Greek people are poor as fuck, right? So their 60 dollar isn't helping.
I have reason to believe that Philipvdlinde is pumping Bitcoin, just like he did in 2013.

How did you come up with that? Greeks poor? How would you describe Romanians or Bulgarians?

Romanians and Bulgarians are bums and gipsy's, lol.