Brexit what effects will this have on cryptocurrency?

[Jimmymark]

15 days left for brexit. Will this bring the price of bitcoin and other main cryptocurrency price up or down.
Will uncertainty add to more investor buying cryptocurrency to save the price drop or increase in pound and euro.

Or

Will this not effect the price.

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[LeGaulois]

I don't believe the Brexit decision will give something (good or bad) to Bitcoin. People don't listen anymore and don't give a f**k. they got tired with it for 2 years. Even Britains are tired of their own stuff. The pound sterling may be the currency that will have some effects and that's all For for sure it will have geopolitical consequences but up to say "BTC will go to the moon again", nope.

[dothebeats]

Seeing how previous Brexit decisions panned out, I don't think there'd be a significant impact on cryptocurrency whatever the decision is from the regulators and from the people involved. Not all bitcoin traders react to the said news, although some people would certainly love to make a fuss about it and try to use it as a trading signal for sure. I'm more concerned on what will happen to the Pound Sterling after all of this has come to end, though the recent rejection of Theresa May's deal didn't cause quite a spur.

Bitcoin and crypto would be free from any influence the Brexit might struck, that's for sure.

[1Referee]

It won't necessarily have an impact on crypto as a whole, but what will play a role is how the Euro keeps getting weaker and weaker. In my case that's a bad thing because my Euros buy me less Bitcoin. €1 was +$1.20 like a year ago, and now it has fallen to $1.13ish levels. I do expect a flat $1 valuation in the forthcoming years. It's shit.

Just wait for Deutsche Bank to go down, it will drag the whole European Union down with it. It's a ticking time bomb.

[Oilacris]

Will this not effect the price.

Doesn't really have any effect at all.Lets say this do affect Euro but on general sense I don't see a reason why cryptomarket would be affected with these kind of news/events.
It has nothing to do with it.

[ChrisPop]

I don't see why would brexit have an effect on cryptocurrencies. There are no links between GBP and BTC. And this is not a dramatic event that would make people want to "hedge" into cryptocurrencies as they are descentralized..

[coinlocket$]

It will have no effect (if we will have a brexit) a different thing is if will more countries will leave the euro.

GB situation is too small in comparison to the euro market or in comparison to the global economy and bitcoin is adopted by a very small part of the population today so...

[Jimmymark]

Thank you for taken time to write a reply.

Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.

A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.

[Beerwizzard]

Thank you for taken time to write a reply.

Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.

A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.

Ah, those famous Turkish crypto whales... Where are they now?
During an economic crisis, the first aim is to save your money and not to get some extra revenue. From this point of view BTC can fall way lower than GBP. It is not a secret that  cryptocurrency may easily lose 50% of its price during a small amount of time without any super strong shocks. I can hardly believe that something like that will happen with GBP.
It is safer to remain your savings in fiat then buy crypto. Such pattern may only be applied to countries with long hyperinflation.

[Jimmymark]

Thank you for taken time to write a reply.

Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.

A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.

Ah, those famous Turkish crypto whales... Where are they now?
During an economic crisis, the first aim is to save your money and not to get some extra revenue. From this point of view BTC can fall way lower than GBP. It is not a secret that  cryptocurrency may easily lose 50% of its price during a small amount of time without any super strong shocks. I can hardly believe that something like that will happen with GBP.
It is safer to remain your savings in fiat then buy crypto. Such pattern may only be applied to countries with long hyperinflation.

When you say bitcoin can drop far lower then gbp. What bitcoin is at near £3k to a pound. What you suggesting bitcoin 0.90 to £1 pound.

Sorry but this is not possible. Can’t see this happening. Yes may drop but never this low.

[Beerwizzard]

When you say bitcoin can drop far lower then gbp. What bitcoin is at near £3k to a pound. What you suggesting bitcoin 0.90 to £1 pound.

Sorry but this is not possible. Can’t see this happening. Yes may drop but never this low.

I mean the percentage drop. Bitcoin can easily use 50% of its value while in case with GBP something more serious than brexit should happen to make pound lose its price so fast.
No one cares about the value of BTC. We just need to see how it behaves over time and GBP is much safer.

[Jimmymark]

When you say bitcoin can drop far lower then gbp. What bitcoin is at near £3k to a pound. What you suggesting bitcoin 0.90 to £1 pound.

Sorry but this is not possible. Can’t see this happening. Yes may drop but never this low.

I mean the percentage drop. Bitcoin can easily use 50% of its value while in case with GBP something more serious than brexit should happen to make pound lose its price so fast.
No one cares about the value of BTC. We just need to see how it behaves over time and GBP is much safer.

Again I have to disagree (No one cares about the value of BTC) what you mean is you don’t care. But please check and see which forum your on. Then understand that we all care about BTC and understand the true value. Also I am not saying GBP value will drop low. GBP is the most strongest flat currency around.

But just looking at possibilities which could happen. Brexit is not just a simple exit. Check what happening you can understand there fault lines here.
So when an economic take a small blow, price has a move right. This is what I talking about. So please reply if you have anything to add. But don’t forget bitcoin we all care.

[Pab]

It is hard to say.If will be hard no deal Brexit than it will be shock for GB and EU economy
For sure pound will lost some of his value
Already many big financial institution has found new places in EU
If worry GB citizens will buy btc becouse of losing pound then it could be some up
But i think Brexit even hard will have limited influence on cryptocurrencies

[MakeMoneyBtc]

Right now we cannot assume anything because Brexit has surely prepared something for cryptocurrencies and we can only wait and see what they have decided. Anyway , i dont think that Brexit will have any significant effect on cryptocurrency because UK doesnt have enough power to make such a big impact over something that is used all around the world.

[Crypdon]

So far it has not had any impact, it would have dumped down to these lows in any case. Bitcoin is not tied to any currency and the economy in Britain will not crash, brexit will do nothing to bitcoin

[hipSter]

I think there will be a decreasing of cryptocurrencies because of Brexit. Why? Because Brexit destabilizes the world economy. When the situation goes like this, all countries want to protect their own economies, so they reduce their risk in the investing. That means that risky markets will receive less money. In that way, an interest of investors will decrease so do the price.

[coinplus]

No matter what type of thing UK decides to do about brexit none of it really applies to bitcoin at all.

It is totally irrelevant and useless. Hell if they do brexit and its harder for business to business deals than they might even start using bitcoin to make it easier for them so it could even potentially have good results. In the end I feel like of course it will have a very very short term affect, maybe at most 3 days to a week and that's it, but after that whole world will continue like it never happened.

I understand UK really cares about this issue and brexit has been a topic for them for a while now but honestly know that if a person doesn't live in UK or in EU that person really doesn't care. I am from neither UK nor EU and I do not care about brexit AT ALL, hence most of the world will just continue to exist without caring about what UK does or doesn't.

[Naida_BR]

There will be no effect to the cryptocurrency markets after the British exit from the European Union.
This point stems from the fact that little to no British people are aware of the cryptocurrencies and the benefits that they can enjoy from them. I don't think that we are going to see any pump or dump in the market cap after this event.

[Haunebu]

No matter what type of thing UK decides to do about brexit none of it really applies to bitcoin at all.

It is totally irrelevant and useless. Hell if they do brexit and its harder for business to business deals than they might even start using bitcoin to make it easier for them so it could even potentially have good results. In the end I feel like of course it will have a very very short term affect, maybe at most 3 days to a week and that's it, but after that whole world will continue like it never happened.

I understand UK really cares about this issue and brexit has been a topic for them for a while now but honestly know that if a person doesn't live in UK or in EU that person really doesn't care. I am from neither UK nor EU and I do not care about brexit AT ALL, hence most of the world will just continue to exist without caring about what UK does or doesn't.

I concur. The people in my community don't even know what Brexit is and I don't blame them for not knowing since this is a local event(UK related) which won't affect the entire world obviously.

Honestly, I am surprised to hear that it hasn't happened yet since I have been hearing about it for several years now. What in the world is going on in the UK?

[coolcoinz]

It will have no effect (if we will have a brexit) a different thing is if will more countries will leave the euro.

GB situation is too small in comparison to the euro market or in comparison to the global economy and bitcoin is adopted by a very small part of the population today so...

I don't see it happening. Most countries don't have enough money to pay the EU for breaking the agreement and leaving. The EU comprises of a group of rich countries, among which we have Germany and France, and the group of poor countries, like Bulgaria and Romania. The rich function as loan providers for the poor. After a while the poor are expected to pay it all back, once their economies get in shape. The rich have no incentive to leave, because they still expect to profit from their loans, mainly in the form of new markets for their products, while the poor cannot leave because they are unable to pay back what they took right away.

Will it affect bitcoin? I see no way how it could. Only the collapse of the EU might have an impact.