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Author Topic: Ukraine good or bad for BTC?  (Read 5121 times)
leopard2 (OP)
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March 13, 2014, 10:13:43 PM
 #1

Apparently according to reports, up to 1.5 billion EUR in bank funds will be lost in Crimea after the occupation. This is money in Crimea based bank accounts.

I wonder why the funds are not transferred out. Hold on ... bank accounts are easy to freeze ... if banks would use the Bitcoin network:

BITCOIN USERS NOT AFFECTED  Grin

So will the Ukraine thing be good for BTC?

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Serge
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March 13, 2014, 11:19:42 PM
 #2

ukrainians don't know yet what to do with bitcoin, they will take usd/euro over anything else anytime though.
giantdragon
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March 14, 2014, 03:44:26 AM
 #3

If Ukrainian govt will impose restrictions on foreign currency exchange, Bitcoin can take off here!
kooke
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March 14, 2014, 05:56:50 AM
 #4

it's neither good nor bad. BTC is irrelevant to the events happening in Ukraine.

justbtcme
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March 14, 2014, 06:14:38 AM
 #5

The gold bulls are having a good run on this one.
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March 14, 2014, 06:20:50 AM
 #6

It's neutral, but we could point to this in the future as a reason to use BTC over banks Wink

LostDutchman
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March 14, 2014, 06:26:34 AM
 #7

Apparently according to reports, up to 1.5 billion EUR in bank funds will be lost in Crimea after the occupation. This is money in Crimea based bank accounts.

I wonder why the funds are not transferred out. Hold on ... bank accounts are easy to freeze ... if banks would use the Bitcoin network:

BITCOIN USERS NOT AFFECTED  Grin

So will the Ukraine thing be good for BTC?

Ukraine has zero to do with BTC.

My $.02.

Wink

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verdun2003
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March 14, 2014, 08:56:19 AM
 #8

Ukraine has a great interest in using bitcoin/cryptos - look at the inflation rate over there right now that's accelerating and all the debt they have, specially towards gazprom. No doubt central planners will do what they do best: keep those bitchez printing!

High inflation = great for bitcoin

Thylacine
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March 14, 2014, 01:44:15 PM
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Pretty sure they have more pressing issues at hand right now ...   Undecided
verdun2003
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March 14, 2014, 09:59:47 PM
 #10

Ukraine coin is coming guys:
https://bitcointalk.org/index.php?topic=499818.0

What is more, the crisis is totally engineered by the western bloc, USA spent 5 billion USD to do what its still good at: a coup d'etat

leopard2 (OP)
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March 15, 2014, 01:48:16 AM
 #11

I'm afraid the time for a currency reset has come. Three options exist:

Hyperinflation?
Currency reform?
War!  Angry

What an excellent choice to get rid of US debt and give the economy a boost, for the third time.  Cry

I'm scared.

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d2dtk
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March 15, 2014, 08:58:32 PM
 #12

Has no affect on BTC. However if they adopted the use of BTC they could have crippled the banks instead of the banks crippling them...

CurbsideProphet
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March 15, 2014, 10:47:23 PM
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I have to agree, Ukraine will have no effect on Bitcoin.  Now if Russian messes with a NATO country, that will be a different story....

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LostDutchman
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March 15, 2014, 11:41:58 PM
 #14

Has no affect on BTC. However if they adopted the use of BTC they could have crippled the banks instead of the banks crippling them...

Uh, no but it certainly is a nice thought!

My $.02.

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Bit_Happy
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March 15, 2014, 11:45:18 PM
 #15

The gold bulls are having a good run on this one.

I would expect some bump for BTC.

Revolution
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March 16, 2014, 12:55:01 AM
 #16

I haven't heard of Ukraine doing anything to BTC have they?

LostDutchman
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March 16, 2014, 04:15:30 AM
 #17

I haven't heard of Ukraine doing anything to BTC have they?

The situation in Ukraine has zip to do with Bitcoin and will affect it just that much.

My $.02.

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Lethn
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March 16, 2014, 12:56:32 PM
 #18

Yep, unless we suddenly see a revolution by people who are sick of both sides and they adopt Bitcoin as their national currency ( I seriously doubt that will ever happen ) Bitcoin won't be affected by this in any way a currency has to have people in a certain area using it and these guys only want to adopt the Ruble or the Euro.
rmines
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March 16, 2014, 02:06:13 PM
 #19

I think they have more important/urgent matters right now besides BTC..like preventing a war and fighting against corruption.

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Tzupy
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March 16, 2014, 03:32:26 PM
 #20

Interesting article on CNN: Obama screams loudly, carries no stick.  Grin
http://edition.cnn.com/2014/03/15/opinion/gingrich-graham-ukraine-obama/index.html?hpt=hp_t5

Sometimes, if it looks too bullish, it's actually bearish
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