EU set for more Cyprus-style bail-ins for troubled banks

[adamstgBit]

http://www.cnbc.com/id/101263206

what does this mean for bitcoin?

Speculate.

[rampantparanoia]

i'll just leave this here.

[Jcw188]

Did anyone notice the runup (not this past one) was right when the Cyprus banks did the bail in?  THat is one thing I would bank on pushing BTC higher, if there is any type of calamitous event, confiscation of wealth, or something like that.

[I_bitcoin]

Same comment from the wall thread for me.   I think it drives money into alternatives (including stocks/bonds/gold/silver).   Betting that bitcoins are one of those alternatives.

I believe the bail in will largely affect stagnant money (sitting in cash accounts earning little/no interest).   Shame on those who don't inject their cash into volatile/scary/complex things .

[tampazeus]

http://www.cnbc.com/id/101263206

what does this mean for bitcoin?

I dont believe it will have noticable effect next year, considering the time these measures will be set

[Ibian]

Cyprus came out of nowhere - it has to to work. Don't trust anything.

[Chalkbot]

Cyprus came out of nowhere - it has to to work. Don't trust anything.

Precisely. Remember, that after the Cyprus bail-in there was the whole scandal about policy maker families being tipped off ahead of time and withdrawing funds? A bail-in does not come with a heads up, or else there will be a run on banks that forces the bankruptcy they are trying to avoid. If EU is saying 2016, I would interpret that to mean "definitely before 2016."

[humanitee]

Cyprus came out of nowhere - it has to to work. Don't trust anything.

Precisely. Remember, that after the Cyprus bail-in there was the whole scandal about policy maker families being tipped off ahead of time and withdrawing funds? A bail-in does not come with a heads up, or else there will be a run on banks that forces the bankruptcy they are trying to avoid. If EU is saying 2016, I would interpret that to mean "definitely before 2016."

+1, good points all around Chalkfriend.

[hd060053]

if another cyprus-like event occurs in europe - and eventually it will - bitcoin will sure go to new highs like in april.

[meanig]

Slovenia will be the first country offered to the EU Gods.

Follow coverage of the fiasco and its impact on Bitstamp in this thread

https://bitcointalk.org/index.php?topic=173318.0

[zimmah]

http://www.cnbc.com/id/101263206

what does this mean for bitcoin?

Speculate.

2014 will make 2013 look like a slow year

[GriTBitS]

i'll just leave this here.

I just love how high the moon is!!!!