Bitcoin and Brexit

[kamBlanV]

Brexit will be a scenario that can harm everyone. but on the other hand Brexit has good influences for the volatility of BTC and other crypto. I thought. Brexit will be the basis of debate among other countries. March 29 I see Brexit will still be rejected.

[1619024529]

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[mohammedmattar]

Brexit is looming for the UK on 29th March. Will this have any effect on bitcoin price ?
When the vote took place in the UK back in 23rd June 2016 and the result was revealed the following morning - many London bankers made a killing on pound Sterling/ Euro forex. There also appeared to be a spike in the btc/usd , this may well have been completely independent of the vote. What will happen on the 29th March? Anyone have any thoughts?

This depends on the relative weight of the GBP  in the encryption market
I think it is weak
But on the other hand, the GBP will receive a blow when Britain leaves the EU but who will benefit?
I see that the dollar and gold will precede BTC
 

[Dexion]

I'm not sure. I think other countries will reject Brexit. it's like a Bitcoin ETF. so. Brexit will get rejection from every country except some countries that have great enthusiasm for the crypto world.

[e-coinomist]

What a shambles. Price of bitcoin in GBP hasn't really differed from the general BTC trend, though.

It is because GBP has no influence over BTC's price at all.

It is either JPY, USD or  CNY. (sometimes EUR too but not as big as these three.)  But it is %90 of the time USD which moves the price of BTC.

You should see this:


https://fiatleak.com/

The Americans are buying BTC like there is no fucking tomorrow.

So there must be another country who is selling BTC like there is no fucking tomorrow, since each trade involves two parties

Where are the production facilities producing BTC located?

[mindrust]

So there must be another country who is selling BTC like there is no fucking tomorrow, since each trade involves two parties

Where are the production facilities producing BTC located?

Of course there are sellers who are selling btc like there is no fckn tomorrow. They are called "miners". They don't have any other choice but to "sell" because you know, operating costs.

What I am seeing here, USA is buying most of the coins which are being sold. Not UK, not Japan, not Germany. %90 of the time it is the US. They are trying to adopt early. (earlier than the rest)