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Author Topic: The effect of Brexit on Bitcoin.  (Read 1160 times)
Taki
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June 28, 2016, 05:25:19 PM
 #21

I see the line between Brexit and price for Bitcoin. Price for Bitcoin depended from many factors as economical as politically my time will show how Bitcoin will behave itself and for us it stayed to wait and hope for good news.
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Ravion
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June 28, 2016, 05:45:49 PM
 #22

I very much doubt that Brexit has had anything to do with the fluctuations we've observed the past few days/weeks. Maybe you should explain why/how you think Brexit has affected Bitcoin price movement? Why would Bitcoin value drop in response to it? a sell-off? Why on earth would people sell their Bitcoins simply because the UK is exiting the EU?

What I mean is that there were many big price movements, in all of the currencies, right before and after the Brexit vote. It looked like bitcoin also joined those price movements. When all of the currencies were declining against the Pound, with the expectation that the UK will stay in the EU, bitcoin was also declining. What I asked was, why did bitcoin join this price movement?  

I've been looking more closely at bitcoin since a month and a half ago. And my understanding was that bitcoin would not join the other currencies' price movements, in times of political uncertainty, because of all of the things that make bitcoin different.



Ayers
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June 28, 2016, 06:40:57 PM
 #23

my personal opinion on this, is that brexit has an effect about the recent bitcoin increase, but it's not only because of that, i remember that the yuan was in a bad state and chinese were buying like crazy, also you have the halving that play a big role for me
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June 29, 2016, 09:20:49 AM
 #24

I very much doubt that Brexit has had anything to do with the fluctuations we've observed the past few days/weeks. Maybe you should explain why/how you think Brexit has affected Bitcoin price movement? Why would Bitcoin value drop in response to it? a sell-off? Why on earth would people sell their Bitcoins simply because the UK is exiting the EU?

Nobody is selling due to britain leaving the EU, they are either buying or lookings into buying or they've not heard of bitcoin.  Most people in UK only understand housing, the GBP and ISA savings.
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June 29, 2016, 11:55:47 AM
 #25

I know a couple of regular folks who made few thousands within 24 hours after Brexit just by betting against the Pound in forex.

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BitcoinSupremo
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June 29, 2016, 12:22:19 PM
 #26

No effect yet and I don't think there will be any in the coming time. Britons have had enough of EU bureaucracies so they decided to vote to opt out of the Eurozone, what is sad is that the older people voted to leave while young ones voted to remain, its sad if your future is determined by grand dads and grannies. That being said Britain is the only one to lose in this referendum and bitcoin price has been very stable at about 650 USD for a few days since the voting took place, so I can say that so far no effect yet and I don't think there will be an effect in the coming time. Bitcoin is kinda immune to this kind of news and is heavily dependent on what happens on darknet market places rather than what happens in Britain which is just a country in the end.
HeroCat
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June 29, 2016, 02:09:15 PM
 #27

Brexit do not have any affect on Bitcoin, because largest BTC user group come from USA. BTC price change come from BTC mining difficulty.  Wink
quentincole32
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June 30, 2016, 07:58:50 AM
 #28

The effects re not even seen yet. It will be one of the things that make Bitcoin go 1000+. Greenspan is already saying how fucked up the situation is and even saying that only going back to gold standard would save us. Of course that is nonsense and it just means in modern age that we need to go Bitcoin.
yes i dont see any effect of brexit yet,and i also think it will not give mass effect to bitcoin or bitcoin price,british only one country and logically will not give much influence to bitcoin,the most possibility is some investor there look into bitcoin.

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raja2sumi
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January 01, 2017, 12:22:41 PM
 #29

It affects a lot and to a large extend .as the Chinese people are converting their money into bitcoins and gold and they see it in a different way .well in the near future chinese will be the leader of bitcoins

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python_fan89
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May 19, 2017, 08:46:26 PM
 #30

My bet is that wan't affect Bitcoin at all. Or it'll rise, because maybe euro will fall down. Every time it happens, BItcoin is rising a little, so win-win anyway.
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May 19, 2017, 10:49:06 PM
 #31

Brexit represents decentralized government with the EU representing centralization.

Decentralized government is good for bitcoin in most scenarios, afaik.

Even in the united states, decentralized government is far better for passing things like marijuana decriminalization whereas the centralized federal government is  ineffective and extremely slow when it comes to supporting new or progressive measures which citizens heavily support.


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