No Grexit, Bitcoin Price Tumbles

[TheRealistMassiah1]

I think you just fried my brain , I'm checking for a nose bleed right now as I try to logically figure out your statement X_X LOLS (//EndSarcasm)


additional note Greece only accounted for roughly 2% of the euro's annual GDP ... not even a fart in the wind to the Euro so it shouldn't "dramatically drop"  and also you mention "bitcoin as an asset at hand to buy" GREEK citizens couldn't EVEN GET MONEY because they HAD NO MONEY LEFT ... How were they suppose to buy bitcoins? [Insert jerk response here]


... anyways  Cool story bro ...

You are a wonderful bag of silliness. Quite entertaining to read  
Euro group fought hard to keep Greece inside not because their GDP, which, as you also stated, means nothing for EU. It's the TRUST. If markets lose TRUST in EUR project, the coin will fall.
About NO MONEY LEFT ... you know, that's way different from NO MONEY. They withdrew BILLIONS of EUR from ATMs. That money didn't vanish. The ones that have it may want to further secure that wealth.

Man they must of withdrawing billions in toilet paper .. Even then they were running out ... With 60 Euro a day allowance = 66 USD  how was it possible to withdraw billions?!?! More like hundreds of millions to possibly lower billion dollars but more than that would of been almost impossible (they couldn't make 1.8 billion euro payment to imf) ... so yah =] .... and EURO is VERY VERY strong just think of it they have GDP equal to USA and CHINA the TOP 3 ECONOMIES ... no way Euro can fail just because a tiny Greece fails ... Like I said it's a fart in the wind ... It stinks now but goes away =]


Also in response to Torque... The banksters don't directly control "Greece's" fate, Their dumb Minister of finance and the European Union committee approving of the plans for the Resolution control Greeces fate... in order to make anything happen.

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[NeuroticFish]

Man they must of withdrawn billions in toilet paper .. Even then they were running out ... With 60 Euro a day allowance = 66 USD  how was it possible to withdraw billions?!?! More like hundreds of millions to possibly lower billion dollars but more than that would of been almost impossible (they couldn't make 1.8 billion euro payment to imf) ... so yah =] .... and EURO is VERY VERY strong just think of it they have GDP equal to USA and CHINA the TOP 3 ECONOMIES ... no way Euro can fail just because a tiny Greece fails ... Like I said it's a fart in the wind ... It stinks now but goes away =]

The 60 EUR/day allowance is only since about 2 weeks ago. Before that there was a withdrawal frenzy. Just search a little. One of the first results is this http://leaprate.com/9BjDQ (I could find better, but I think that this is just fine).
You are mixed up between Greece's money, Greece's debt and Greek people's personal money.

EURO economy is... what exactly? Euro zone is made of countries that are allowed to decide for themselves. If tomorrow they all decide to split up and use their old currencies, EUR will become just another currency for .. enthusiasts (or, you could tell toilet paper). And the tiny fart called Greece can start that process.

[TheRealistMassiah1]

Man they must of withdrawn billions in toilet paper .. Even then they were running out ... With 60 Euro a day allowance = 66 USD  how was it possible to withdraw billions?!?! More like hundreds of millions to possibly lower billion dollars but more than that would of been almost impossible (they couldn't make 1.8 billion euro payment to imf) ... so yah =] .... and EURO is VERY VERY strong just think of it they have GDP equal to USA and CHINA the TOP 3 ECONOMIES ... no way Euro can fail just because a tiny Greece fails ... Like I said it's a fart in the wind ... It stinks now but goes away =]

The 60 EUR/day allowance is only since about 2 weeks ago. Before that there was a withdrawal frenzy. Just search a little. One of the first results is this http://leaprate.com/9BjDQ (I could find better, but I think that this is just fine).
You are mixed up between Greece's money, Greece's debt and Greek people's personal money.

EURO economy is... what exactly? Euro zone is made of countries that are allowed to decide for themselves. If tomorrow they all decide to split up and use their old currencies, EUR will become just another currency for .. enthusiasts (or, you could tell toilet paper). And the tiny fart called Greece can start that process.

Very true, actually when you think of it .. Germany which is the Euro zones largest economy would have their dutch money be valued at 1 Dutch dollars to 3 Euro ... so it would be a wierd exchange ratio ...  also the total withdrawl and total leaving money (payments for bills and to other companies) were counted for in that number of 1.1 billion etc etc but the citizens as a total did not withdrawl 1.1 billion (11 million people live in greece 11,000,000* 60 euro = 660,000,000 euros total) so yah .... its a really wierd number to account for but ehhh the greece situation is a few days away from being over anyways and it'll be old news until they have to repay their debts again and then they will fart again hahhaa =]

[Dilla]

We had an excellent run passing 310, of course we're going to correct down. The 300USD mark is really only a psychological barrier by U.S and those who trade using usd. A large portion also trades cny, and they don't give a fuck about your "Spartan 300"

[MF Doom]

We had an excellent run passing 310, of course we're going to correct down. The 300USD mark is really only a psychological barrier by U.S and those who trade using usd. A large portion also trades cny, and they don't give a fuck about your "Spartan 300"

hahaha you are right. That seems to be the only source of price movements, what comes out of china.  The rest of the markets involved in btc are WAY smaller in terms of the effect they ahve on price

[TheRealistMassiah1]

We had an excellent run passing 310, of course we're going to correct down. The 300USD mark is really only a psychological barrier by U.S and those who trade using usd. A large portion also trades cny, and they don't give a fuck about your "Spartan 300"

We had an excellent run passing 310, of course we're going to correct down. The 300USD mark is really only a psychological barrier by U.S and those who trade using usd. A large portion also trades cny, and they don't give a fuck about your "Spartan 300"

hahaha you are right. That seems to be the only source of price movements, what comes out of china.  The rest of the markets involved in btc are WAY smaller in terms of the effect they ahve on price

You guys are some highly ignorant people in the face of hard numbers you can look up at the volume of btc-e and btc china vs bitfinex , bit stamp and coindesk etc holy cow .... you guys shuld understand USD runs over CNY's contribution in daily volume -_-

[Alley]

China took a huge dump on us after Greek bailout and already 12 hours later price is back over 290.  Bull market confirmed.

[bitcoin carpenter]

China took a huge dump on us after Greek bailout and already 12 hours later price is back over 290.  Bull market confirmed.

If it holds until Wednesday I fully agree with you....  money is on its way to the exchange as we speak

[techrun]

When people are saying Greek's couldn't get hold of their money to switch into Bitcoin, I'm not sure that's correct.  Whilst there were restrictions on cash withdrawls from ATMs, I don't think there were restrictions on electronic transactions.  So, they could convert any EUR holdings into Bitcoin with one of the companies like Coinbase if they were so inclined.  I might be wrong, but I think that's what I heard on the news.

[lottery248]

of course that if no grexit, no bitcoin rises.

however, economy would with the ECB to collapse if grexit occurred.
instead, promote bitcoin gives the best method to rise bitcoin.