Greeks are rushing to Bitcoin

[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.

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!

If the Greeks and its lenders are still communicating by the next week, the IMF’s analysis might change the way discussion i pursued. Throughout Greece’s bailout stunt, euro zone creditors have relied on the IMF for its help regarding advise and experience as much as its financial capacity. There might be a way out of the doom, so don't lose your hopes yet

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[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 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before in metal or bitcoin, now all their bank account are locked, all their money are gone, who was smart enough to withdrawn before this shit happened, could still save his life, the other are only doomed

Thats Right,  Anyway somebody to know:   How can buy BTC greeks?  I guess that it isn´t tru banks.......

[mayflor2]

Why not? Greek's fiat money and banks have failed it's people. a population which sees it's current economy decline so badly would try to find some refuge. And bitcoin is one virtual global currency. Had I been one of them I would have chosen the bitcoin as my saviour as well. Though this shoot of usage of the bitcoin in Greece will help raise the price of the bitcoins as well so Oohho!

[moneyflow]

Well, Greece is in some real big trouble. THeir Economy is facing a colossal crisis, their fiat money is dead, so are their banks and the government is hardly helping. Paypal is gone etc. People are left with nothing but hope. And nothing gives them more hope than a virtual global currency which is performing great at the moment - Bitcoin. No surprise they're rushing to bitcoins

[BTCevo]

Why not? Greek's fiat money and banks have failed it's people. a population which sees it's current economy decline so badly would try to find some refuge. And bitcoin is one virtual global currency. Had I been one of them I would have chosen the bitcoin as my saviour as well. Though this shoot of usage of the bitcoin in Greece will help raise the price of the bitcoins as well so Oohho!

Yes they failed the people there and you can't withdraw any money too so how come are you going to ask them to move to bitcoin when there is no money left on them? I guess they need a lot of money to make a new start on bitcoin

[bryant.coleman]

Why not? Greek's fiat money and banks have failed it's people. a population which sees it's current economy decline so badly would try to find some refuge. And bitcoin is one virtual global currency. Had I been one of them I would have chosen the bitcoin as my saviour as well. Though this shoot of usage of the bitcoin in Greece will help raise the price of the bitcoins as well so Oohho!

And what makes you think that they will rush to Bitcoin? Why not gold or real estate? If someone is looking to store his wealth, and hide them away from the central government, then Bullion will be his primary choice. Bullion is stable, time-trusted, and easy to trade. Bitcoin on the other hand is volatile, relatively new, and difficult to exchange (at least in Greece).

[Zorrocoin]

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!

I agree . I think the news about Greece is utter bullshit. It is a felony. It is actually ruining it for bitcoin as well as Greece. Greece is  not capable of handling bitcoin right now . It is pushing them deeper into the pits of catastrophe . Maybe after 6-7 years they will have the potential. Not right now though.

[Mehek]

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

No matter what Greeks do, it is too late for them to rush to bitcoin. It would have been efficient lot earlier or will be after a couple of years but right now it is not going to help them at all in fact it is gonna push them deeper into the pit hole of disaster.

[n2004al]

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

It will be a good choice I think, but only as a long term investment or long term savings. I don't think that very soon or soon it will be an increase in price which can guarantee them consistent profits. I am not able to predictions and normally don't believe in those. Make from me (when I like to play with those things some time) or make from others. I think that there are not enough data for bitcoin to be able someone to make predictions. Anyhow that above my predictions its only a feeling and as such not credible.

But in the case of Greeks it is another thing. It is an way to hide their money. They fear for those because there are to many speculations about the policies which will be followed by the governments (exact the governments and not only government) with the taxes toward the money of the Greeks. So they convert the money in bitcoin to hide those and no one can known the amount of money they have. It is known the habitue of Greeks to not declare the right amount of their profits and their money in general. In this way, the authorities don't know the right amount of money of each Greek, and in the case of the converting of those in bitcoin, cannot find even now, how money can have everyone of them.

[Q7]

If this trend continues, we should expect some bull runs closer towards the repayment deadline. The idea here is to have their money safe and can be converted to cash anytime and when they need it. Learning from the lesson in Greece I think more people around the world should think about how to secure their wealth.

[bitgolden]

That's the great news to hear. Let Greece rush into bitcoin, then whole European union then the all the countries into bitcoin. That will make bitcoin as the global single currency. This will happen for sure, but making within our generation would be the real success of bitcoin.