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desired_username
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August 06, 2014, 07:57:08 PM |
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Cyprus had nothing to do with the rally, sadly certain news sources are desperate to connect dots without supporting their arguments (or more like clickbaits) with proof. And your source is...? Can you show me a frequented cypriot bitcoin forum? What does it have to do with that? I'm in Eurozone and when Cyprus crysis hit, I bought some more BTCs, since it was a threat for the EUR in general. There have to be thriving online communities if bitcoin is popular in the country. Not to mention the flood of cypriots on every forum asking questions (which also didn't happen). I stand by my opinion that the cypress bailout had nothing to do with the bitcoin rally. |
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FutureMoneyTrends (OP)
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August 06, 2014, 08:30:35 PM |
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It's easy to get money out of Cyprus but not Argentina where there are strict currency trading regs. Cypriots could buy Bitcons no problem. You could set up a fake online store and sell Bitcoins to Argentinians for Rapipaygo money transfers or some other method possibly but they'd prob shut it down as soon as the gov found out about it.
Geez, people need to get the hell out of there |
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Lohoris
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August 07, 2014, 09:41:11 AM |
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There have to be thriving online communities if bitcoin is popular in the country.
I already explained you that it doesn't have to be "popular in the country", in order to trigger an effect. People from other countries may decide to buy. |
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deepestfear
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August 08, 2014, 06:23:18 AM |
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guess it's still not easy for locals to actually buy bitcoins
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wasserman99
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August 09, 2014, 11:15:39 PM |
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It's easy to get money out of Cyprus but not Argentina where there are strict currency trading regs. Cypriots could buy Bitcons no problem. You could set up a fake online store and sell Bitcoins to Argentinians for Rapipaygo money transfers or some other method possibly but they'd prob shut it down as soon as the gov found out about it.
When deposit holders in Cyprus had to take a small haircut there were restrictions that prevented people from taking their money out of Cyprus via the banking system. There was also fear that the problems with the banks in Cyprus would spread throughout Europe. |
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Mobius
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August 10, 2014, 05:09:55 AM |
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guess it's still not easy for locals to actually buy bitcoins
Most of the BTC trade in Argentina is done on the "black market" and the BTC/peso exchange rate is showing a very large premium over other markets. I think this shows that a lot of people in Argentina are buying BTC. |
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bigtimespaghetti
Legendary
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Activity: 1652
Merit: 1057
bigtimespaghetti.com
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August 10, 2014, 08:04:12 PM |
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guess it's still not easy for locals to actually buy bitcoins
Most of the BTC trade in Argentina is done on the "black market" and the BTC/peso exchange rate is showing a very large premium over other markets. I think this shows that a lot of people in Argentina are buying BTC. This is what I've heard in one or two interviews with bitcoiners in Argentina. |
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kuroman
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August 10, 2014, 08:27:40 PM |
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I don't know if the BTC that being dumped by the US State departement, is a cause, but the price didn't budge for a couple of months now, for no apparent reason and despite a succession of good news such as the adoption of BTC by wikipedia, or Dell ....ect so Argentina defaulting (which is actually still up to question) didn't have the same effect as Cyprus
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leezay
Full Member
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Activity: 363
Merit: 100
SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN
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August 10, 2014, 08:38:36 PM |
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Citizen of Argentina can not buy bitcoin from exchanges if the currency is blocked from sending money out.
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gmx95
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August 10, 2014, 11:02:12 PM |
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I also would like to understand why bitcoin did not jump on the default news? This probably means that bitcoin is still detached from the world economy and depends more on trolls pumping and dumping it.
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DhaniBoy
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August 10, 2014, 11:04:34 PM |
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Just last week Argentina defaulted on their debt. The United States also has an unsustainable amount of debt. Back when Cyprus issues happened there was a big bitcoin rally; why not this time? Argentina default:https://www.youtube.com/watch?v=yWocplJDdykit's prove to us that the argentina can change it's economy with acceptable currency like bitcoin the cyprus doesn't getting ready for the revolution of economy |
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Mobius
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August 10, 2014, 11:54:26 PM |
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guess it's still not easy for locals to actually buy bitcoins
Most of the BTC trade in Argentina is done on the "black market" and the BTC/peso exchange rate is showing a very large premium over other markets. I think this shows that a lot of people in Argentina are buying BTC. This is what I've heard in one or two interviews with bitcoiners in Argentina. I don't think the Argentina economy is large enough to make the same kind of impact that cyprus made. |
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