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Author Topic: Impact of Italy's crisis on the Bitcoin price?  (Read 508 times)
BitcoinCommodor
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November 14, 2018, 05:37:10 AM
 #41

With Italy making a big statement to not follow with the imposed European Union budget (see this crazy sequence: https://www.youtube.com/watch?v=erSSC85CME4 ), things are starting to get serious. Salvini may be nuts enough to not be bluffing.

Are we going to see the start of the biggest EU crisis yet? Italy is no Greece, it is too big, if the same scenario happens (this time with the far right instead of far left but same result) are we going to see an impact on the Bitcoin price?

If Italy goes Greece the consequences will be felt all over the world IMO.
Speak for Italy, not for the whole world. Whatever that is happening to Italy will only happen to Italy alone and won’t have anything to do with other countries. It’s not even going to affect Bitcoin cause Bitcoin doesn’t rely on that. Bitcoin stands on its own and situations like this cannot have any impact on what will be the outcome of crypto price.
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November 17, 2018, 04:56:10 AM
 #42

In case of a strong crisis, people can start looking for a new place to invest, and come to cryptocurrencies.
Well in believe that the crisis in the Italy will affect Bitcoin in the way that people will have limited values or capital to invest in Bitcoin and own the magical currency after the devaluation in the financial assets that loose value after the recession. So yes Italy’s financial crisis is going to affect the prices of Bitcoin in the form of a decreased demand that affect the price directly. About the new investment opportunities, Bitcoin is no doubt attractive.
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November 17, 2018, 06:36:44 AM
 #43

The Italian economic crisis has limited influence on cryptocurrencies. Italy is the euro zone. They usually have other groups or loans from other countries. But if the Italian financial crisis is out of control, it may lead to a global financial crisis.

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November 18, 2018, 02:04:16 PM
 #44

Speak for Italy, not for the whole world. Whatever that is happening to Italy will only happen to Italy alone and won’t have anything to do with other countries. It’s not even going to affect Bitcoin cause Bitcoin doesn’t rely on that. Bitcoin stands on its own and situations like this cannot have any impact on what will be the outcome of crypto price.

And who will pay if Italy collapse? Who paid when it was Greece? Europe. So it has to do something with others countries because they are paying too. Europe doesn't have enough money to do the same with Italy. Unless the central bank print fresh money based on a 40 years loan. It's the whole Europe that could in trouble and it's the major place .

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November 18, 2018, 02:37:25 PM
 #45

And who will pay if Italy collapse? Who paid when it was Greece? Europe. So it has to do something with others countries because they are paying too. Europe doesn't have enough money to do the same with Italy. Unless the central bank print fresh money based on a 40 years loan. It's the whole Europe that could in trouble and it's the major place .
Tax payers always end up sucking on the wrong lollipops. Remember what happened in Cyprus? They gave people a fresh haircut, and they had no choice but to swallow it. I'm sure that we'll be subject to that same form of theft at some point.

They probably calculate in the way that most of people's savings aren't used anyway, so why can't we take a cut of that to clear some of our debt? It doesn't require money printing, and thus it doesn't devalue their currency further.

It's only a matter of time. Be happy that Bitcoin has gotten cheaper this week, the lower the price is, the more Bitcoin you get for the same amount of fiat, which you could lose a chunk of if governments go nuts on us again.
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December 18, 2018, 03:45:31 AM
 #46

I don't know if this will be pushed through. I mean. The reform itself os presidented by Greece and look at Greece now? I don't think that thenItalian government will follow suit because honestly it's not an economic crisis but a diplomatic crisis in my opinion. But then again, all that would be affected is the regular "Mario's" of the country.

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December 18, 2018, 04:01:00 AM
 #47

Italy have proposed a high debt budget which is something the EU is not
enthused about and want Italy to change it. There is talk of a second credit
crunch looming if things escalate.

Firstly to all the newbies above bitcoin will not be used or adopted by the
EU or any other country  Roll Eyes

If things heat up i think bitcoin could benefit as some people migrate their
savings etc. Just a thought.
the Italian crisis can have a very bad impact on European finances, if Italy is unable to withstand the inflation rate in its country can have an impact on the flight of large entrepreneurs who usually use fiat currency to change using bitcoin, because bitcoin will not be affected by one country, so for entrepreneurs,  Bitcoin can be an alternative means of payment between countries, Italy.
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December 18, 2018, 04:15:29 AM
 #48

I don't know if this will be pushed through. I mean. The reform itself os presidented by Greece and look at Greece now? I don't think that thenItalian government will follow suit because honestly it's not an economic crisis but a diplomatic crisis in my opinion. But then again, all that would be affected is the regular "Mario's" of the country.
right, a political crisis that has an impact on the economic crisis, because of political problems, the thinking about the economy has been disrupted, and I think this has an impact on bitcoin. from this thread BTC prices have been declining to date, although not a major factor, but I think it has an influence too

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gelinshidong
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December 18, 2018, 10:05:40 AM
 #49

The Italian crisis will not affect the price of Bitcoin. Europe can affect the price of Bitcoin. If Europe is in serious recession, the price of bitcoin will rise rapidly. All this is likely to happen in 2019, and France has already begun.
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December 20, 2018, 07:35:59 AM
 #50

I don't know if this will be pushed through. I mean. The reform itself os presidented by Greece and look at Greece now? I don't think that thenItalian government will follow suit because honestly it's not an economic crisis but a diplomatic crisis in my opinion. But then again, all that would be affected is the regular "Mario's" of the country.
right, a political crisis that has an impact on the economic crisis, because of political problems, the thinking about the economy has been disrupted, and I think this has an impact on bitcoin. from this thread BTC prices have been declining to date, although not a major factor, but I think it has an influence too
Just mention down the number of the people who use cryptocurrency in Italy. Very few among them would go for cashing out amid the political crisis which has also engendered the financial crisis.
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December 20, 2018, 09:27:04 AM
 #51

There are not much of a correlation. The broader market has been down in 2018. A diversified portfolio is required to stand any sort of financial crisis.
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December 20, 2018, 09:44:56 AM
 #52

As the FED/ECB money printing party farse is exposed and the markets collapse (only a matter of time) obviously people will have less fiat to invest in cryptocurrencies.

But this may not be bad after all.

We need to move on from the FED farse and adopt cryptos worldwide. We must actually pay for stuff in BTC and other cryptos.

All we need is for enough shops and businesses to adopt crypto and make it a viable currency. That's when the FED fraud collapses.

The world is sitting on U$ 182 TRILLION in debt. It is unpayable. They printed all this money and bankers hold most of it. This debt does not exist, it is impossible to pay. The US could not pay it in 10 years if they wanted to.

If you stop and think about this for a minute you'll realize the farse we've all been living in.

Italy's quality of life collapse after the Euro. I remember the 80's and 90's in Italy, then the year 2000 changed everything. The Euro made local work and local production worthless. Why? Because the ECB prints money at will.

The ECB does to the Europeans the same damage the FED does Americans the same damage BOJ does Japanese. The FED system must end.

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December 21, 2018, 11:39:22 AM
 #53

With Italy making a big statement to not follow with the imposed European Union budget (see this crazy sequence: https://www.youtube.com/watch?v=erSSC85CME4 ), things are starting to get serious. Salvini may be nuts enough to not be bluffing.

Are we going to see the start of the biggest EU crisis yet? Italy is no Greece, it is too big, if the same scenario happens (this time with the far right instead of far left but same result) are we going to see an impact on the Bitcoin price?

If Italy goes Greece the consequences will be felt all over the world IMO.
We have once again seen that bitcoin is a whale run currency just like other currencies and as long as there is no big deal going inside bitcoin the outside affects won't be too major to change anything. Whole of USA could bankrupt all together and it won't affect bitcoin as much as Craig selling 30+ thousand bitcoins all at once.

We are our own little island and nothing huge could affect us as much as ourselves. We need to figure out a way to distribute bitcoin as equally as possible around each other to stop this looming threat and danger of someone selling a lot of coins all at once. We need to make sure no one has more than a thousand bitcoins at once. If people have more than a thousand bitcoins that means they are a threat to the price and for all of our livelihoods.
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December 24, 2018, 08:33:54 PM
 #54

The Italian crisis will not affect the price of Bitcoin. Europe can affect the price of Bitcoin. If Europe is in serious recession, the price of bitcoin will rise rapidly. All this is likely to happen in 2019, and France has already begun.

Why should the Italian crisis affect the price of Bitcoin? There a lot of more serious problems in the other counties, where the cryptocurrencies are also used - Ukraine, France, Russia, for instance.

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December 27, 2018, 03:54:54 PM
 #55

The Italian economic crisis has limited influence on cryptocurrencies. Italy is the euro zone. They usually have other groups or loans from other countries. But if the Italian financial crisis is out of control, it may lead to a global financial crisis.

Really? Do you think that everything is so serious? I did not guess before that Italian crisis could affect the cryptocurrencies and the crypto market. By the way, many European countries have a crisis now.
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