Greeks are rushing to Bitcoin

[adzino]

Can't imagine Greeks abandoning the Euro just yet. A year or so ago it was conventional wisdom that the Euro was dead and that most of the EU would revert to its own currencies. And that hasn't happened yet.

Anyone predicting that any one country will go to a different currency needs to think through the logistics that are involved: re-printing the paper currency, re-minting the coins. Then deciding what the exchange rate will be. Then making sure that the replacement currency is in place. Not as easy as it sounds.

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[HarHarHar9965]

I don't believe that the Greeks would rush to bitcoin, it is not a profitable venture for them according to their euro affair. They have been trying to fix their situation with debts, something in which the price of euro played a significant part. The price of euro is higher than how Greece needs it to be, pushing them in debt. Investing in a currency which will multiply by 50 times right after they adopt it itself, would doom the nation before it could save it.

[mrhelpful]

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.

Just know that those countries maybe be bums, but when theres a similar financial situation like greece, they too will need bitcoin.

So more reason to hold for future financial mess in the future for all world banks who decide to profit.

[Miracal]

The media portraying that Greeks are rushing to Bitcoin is an utter lie. They are just trying to create fake news which however, is giving a slight boost to bitcoin. However, people actually believing that Greece will adopt bitcoin is so stupid. They would never do that, why will they adopt a currency which will increase much more than its current price?

[techgeek]

The media portraying that Greeks are rushing to Bitcoin is an utter lie. They are just trying to create fake news which however, is giving a slight boost to bitcoin. However, people actually believing that Greece will adopt bitcoin is so stupid. They would never do that, why will they adopt a currency which will increase much more than its current price?

Everything usually seems to be more hype then it really is, imo.

All news outlets are like this, its why I can usually stay on cnn or other new places too long so I go on reddit more for valid responses to validate their stories.

[oblivi]

The media portraying that Greeks are rushing to Bitcoin is an utter lie. They are just trying to create fake news which however, is giving a slight boost to bitcoin. However, people actually believing that Greece will adopt bitcoin is so stupid. They would never do that, why will they adopt a currency which will increase much more than its current price?

Yeah, why would you do that? why not just adopt a currency that keeps hyperinflating until it's worth shit nothing? Oh wait, that's what people has been doing, and look what they got in return.

Anyway, it's good to see CNN covering stuff like that in a positive note.

[lissandra]

The media portraying that Greeks are rushing to Bitcoin is an utter lie. They are just trying to create fake news which however, is giving a slight boost to bitcoin. However, people actually believing that Greece will adopt bitcoin is so stupid. They would never do that, why will they adopt a currency which will increase much more than its current price?

Yeah, why would you do that? why not just adopt a currency that keeps hyperinflating until it's worth shit nothing? Oh wait, that's what people has been doing, and look what they got in return.

Anyway, it's good to see CNN covering stuff like that in a positive note.

If CNN covered bitcoin more often, i`d say we would have more users.

I know a friend of mine came to me the other day mentioning about it after he read some old cnn article in 2014 when was doing outsource work for some writing gig he had.

[Argwai96]

Here is a little more coverage from cnbc, there is a 350% raise on signups coming from greece so investors in greece are looking at bitcoin, http://video.cnbc.com/gallery/?video=3000393297

[lorylore]

I would say some greeks are rushing to bitcoin not as a country.

[bit1]

Look that all Eurozone are buying BTC....                 http://cointelegraph.com/news/114712/300-increase-in-bitcoin-buys-across-eu-as-greece-falls-into-arrears

[aso118]

Here is a little more coverage from cnbc, there is a 350% raise on signups coming from greece so investors in greece are looking at bitcoin, http://video.cnbc.com/gallery/?video=3000393297

CNBC seems to be bullish on Bitcoin. There are multiple articles connecting the crisis in Greek and its impact on Bitcoin.
Such coverage seems refreshing and is a change from the ponzi / drug-related articles.

[Gyfts]

I figured. Bitcoin couldn't single handedly save a doomed economy as I said in a different thread about Greece, but with their fiat pretty much at a collapse, those with a head start to Bitcoin I think will partially save their economic portfolio. I see this as an opportunity for Greeks to invest in precious metals as well.

[HigsonPP]

Placing all your bets on Greece for short-term gains in the Bitcoin market would have been a mistake, making it obvious by this point of time. However, on the same book but a different page, there are some highly intelligent and financially competent characters who see things exactly opposite to that and believe that there is still time to cram in Bitcoin orders before the big ascension begins.

[Argwai96]

CNBC seems to be bullish on Bitcoin. There are multiple articles connecting the crisis in Greek and its impact on Bitcoin.
Such coverage seems refreshing and is a change from the ponzi / drug-related articles.

Yes is pretty refreshing to see a new face of news specially on the economy side, is a more serous approach and investors will welcome that to at lease drive forward new capital and start ups, I'm sure soon we will get to see a few new start ups in Greece.

[Amph]

I figured. Bitcoin couldn't single handedly save a doomed economy as I said in a different thread about Greece, but with their fiat pretty much at a collapse, those with a head start to Bitcoin I think will partially save their economic portfolio. I see this as an opportunity for Greeks to invest in precious metals as well.

this is not the time for them to invest in anything, they should have invested before in metal or bitcoin, now all their bank account are locked, all their money are gone, who was smart enough to withdrawn before this shit happened, could still save his life, the other are only doomed

[BTCevo]

I figured. Bitcoin couldn't single handedly save a doomed economy as I said in a different thread about Greece, but with their fiat pretty much at a collapse, those with a head start to Bitcoin I think will partially save their economic portfolio. I see this as an opportunity for Greeks to invest in precious metals as well.

this is not the time for them to invest in anything, they should have ionvested before in metal or bitcoiin, now all their bank account are locked, all their money are gone, who was smart enough to withdrawn before this shit happened, could still save his life, the other are only doomed

So what are you suggest? IMO they need to draw all of their investment and start to change their investment since they can't use their bank account anymore to withdraw their money. That is the only way to start earning again or may be they can start to move away from greece and find the better place to live and get some work to do

[bit1]

I figured. Bitcoin couldn't single handedly save a doomed economy as I said in a different thread about Greece, but with their fiat pretty much at a collapse, those with a head start to Bitcoin I think will partially save their economic portfolio. I see this as an opportunity for Greeks to invest in precious metals as well.

this is not the time for them to invest in anything, they should have ionvested before in metal or bitcoiin, now all their bank account are locked, all their money are gone, who was smart enough to withdrawn before this shit happened, could still save his life, the other are only doomed

So what are you suggest? IMO they need to draw all of their investment and start to change their investment since they can't use their bank account anymore to withdraw their money. That is the only way to start earning again or may be they can start to move away from greece and find the better place to live and get some work to do

They only must protect theirs savings from banks, maybe changing to USD and keeping its on a safe place......

EDIT:  With  capital controls implemented in Greece right now: You can only withdraw €60 from your bank account in one day, and no overseas transfers, well in that case they must withdraw 60*30 = €1800 each month, they only can change a part ot its.Worst scenary could be that they can`t withdraw nothing.

[greBit]

Placing all your bets on Greece for short-term gains in the Bitcoin market would have been a mistake, making it obvious by this point of time. However, on the same book but a different page, there are some highly intelligent and financially competent characters who see things exactly opposite to that and believe that there is still time to cram in Bitcoin orders before the big ascension begins.

Precisely. This false media bullshit is pissing me off, maybe Greeks are curious about bitcoins but they won't be fucking dealing with bitcoins as most of their money is stuck in the banks. And why the fuck would they buy bitcoins? There are a lot of vendors out there who will give them groceries in exchange of bitcoins? Nope. There aren't any. Greeks are in a crisis, but they aren't that stupid.

[oblivi]

The media portraying that Greeks are rushing to Bitcoin is an utter lie. They are just trying to create fake news which however, is giving a slight boost to bitcoin. However, people actually believing that Greece will adopt bitcoin is so stupid. They would never do that, why will they adopt a currency which will increase much more than its current price?

Yeah, why would you do that? why not just adopt a currency that keeps hyperinflating until it's worth shit nothing? Oh wait, that's what people has been doing, and look what they got in return.

Anyway, it's good to see CNN covering stuff like that in a positive note.

If CNN covered bitcoin more often, i`d say we would have more users.

I know a friend of mine came to me the other day mentioning about it after he read some old cnn article in 2014 when was doing outsource work for some writing gig he had.

There are currently plenty of mainstream webpages mentioning Bitcoin relatively often. Those definitely help adoption. But it takes something extra special for a person to read about it and actually start using it, those that have that extra special curiosity are the ones that will make it. The rest will be the sheep that adopt it once we reach critical mass, unfortunately those can say goodbye to an early retirement.

[Miracal]

Placing all your bets on Greece for short-term gains in the Bitcoin market would have been a mistake, making it obvious by this point of time. However, on the same book but a different page, there are some highly intelligent and financially competent characters who see things exactly opposite to that and believe that there is still time to cram in Bitcoin orders before the big ascension begins.

Precisely. This false media bullshit is pissing me off, maybe Greeks are curious about bitcoins but they won't be fucking dealing with bitcoins as most of their money is stuck in the banks. And why the fuck would they buy bitcoins? There are a lot of vendors out there who will give them groceries in exchange of bitcoins? Nope. There aren't any. Greeks are in a crisis, but they aren't that stupid.

Yes, it does piss me off at the same level to see such bullshit news about how bitcoin should be Greece's escape from his situation. It might affect bitcoin tremendously but destroy Greece permanently. They can;t handle bitcoin right now, maybe 10 years later they can. The best use of bitcoin regarding Greece would only be as a hand against collateral damage!