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Author Topic: What the Brexit vote means for the British economy  (Read 396 times)
a7mos
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June 23, 2016, 07:54:14 PM
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today is the brexit referendum and a lot of people are expecting that the results will have great impact on the British and the global economy
in this article , they argue that leaving the EU won't be that bad

do you think the brexit will have any effects on bitcoin price?
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June 23, 2016, 07:59:36 PM
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Every important event in the world could have an impact in the currencies including bitcoin, the Brexit could destabilise the economic system in the european union and partially in Britain which may have an indirectly effect on the bitcoin price

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June 29, 2016, 10:08:10 PM
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I think in the short term the effect of the Brexit on both the British and the EU economy will be slightly negative. In the long run however, the effect on the British economy will be positive, because Britain will gain a lot more flexibility dealing with its country specific matters without interference from the EU. In addition Britain will save about 5 Billion Euro every year that would otherwise be wasted to the EU muppet show.

The effect for the remaining EU countries will be negative in the long run. Reason is market's loss of confidence and the most likely even more extremist political actions of the EU socialists in charge in an futile and destructive effort to scare off the population of the remaining countries to follow the Brit's example.

The effect on Bitcoin can't be easily quantified. In general in times of uncertainty, safe haven assets see an increase in demand. It remains to be seen if Bitcoin is perceived as a safe haven asset, as the media have recently suggested.

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June 29, 2016, 10:49:56 PM
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today is the brexit referendum and a lot of people are expecting that the results will have great impact on the British and the global economy
in this article , they argue that leaving the EU won't be that bad

do you think the brexit will have any effects on bitcoin price?
I heard brexit causing poundsterling market soaring high and as a result many forex exchanges stopped temporarily buying and selling foreign currency activity.

It can take effect to bitcoin as alternative to exchange their stuck money on forex account.

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June 29, 2016, 10:55:55 PM
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The price went upwards already. Now the stocks are settling down.
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June 29, 2016, 11:00:38 PM
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a bunch of people got excited briefly about the effect on bitcoin. i couldn't see much going on anywhere myself but uk localbitcoins volume went up. maybe it's gonna take a few months or years for the effects to be felt but so much other stuff might be going on by then it might be hard to single it out.
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June 30, 2016, 10:01:23 AM
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Well, I guess I have to find new places to buy from, I shop a lot from UK, if no longer in EU I have to pay taxes on that and it just doesn't worth it, this is way I rarely shop from USA although great prices...

I assume a shitload of exports will cease to happen because of this, but it doesn't matter, Brexit is about racism and xenophobia not economy.

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