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Discussion => Off topic => Topic started by: trava on June 19, 2012, 12:17 am

Title: EURO collapse
Post by: trava on June 19, 2012, 12:17 am
how would the euro collapse affect the bitcoin economy ?
Title: Re: EURO collapse
Post by: Kappacino on June 19, 2012, 12:23 am
Haha.. I like your priorities ;)
Title: Re: EURO collapse
Post by: gambino on June 19, 2012, 12:26 am
Euro and BTC move inversely.
Title: Re: EURO collapse
Post by: oscarzululondon on June 19, 2012, 12:41 am
1) The Euro won't collapse, it can't. Countries may leave, but it won't 'collapse'. If Greece left for example, it would loose 3% of it's value.

2) If it did collapse then there would be a slight increase in the value of the Bitcoin.
Title: Re: EURO collapse
Post by: wakannabi on June 19, 2012, 12:52 am
if the euro collapses I will open the first online food market for BTC !
Title: Re: EURO collapse
Post by: StickAFinger on June 19, 2012, 03:51 am
1) The Euro won't collapse, it can't. Countries may leave, but it won't 'collapse'. If Greece left for example, it would loose 3% of it's value.

2) If it did collapse then there would be a slight increase in the value of the Bitcoin.

if you REALLY think that greece leaving the euro zone would drop the euro just 3%..well man, i have some economic books written buy 6 year olds that id like to sell you for some bit coins.
Title: Re: EURO collapse
Post by: wakannabi on June 19, 2012, 04:02 am
1) The Euro won't collapse, it can't. Countries may leave, but it won't 'collapse'. If Greece left for example, it would loose 3% of it's value.

2) If it did collapse then there would be a slight increase in the value of the Bitcoin.

if you REALLY think that greece leaving the euro zone would drop the euro just 3%..well man, i have some economic books written buy 6 year olds that id like to sell you for some bit coins.
of course no! I'm not an economic expert but a lot of things come down to "confidence in the market". And Greece leaving it's not a very good image for the euro.

Imagine (I know it has nothing to do with EU and Greece) for example that one small state from the US wants to leave the dollar. Surely it's not that small that will have a lot of economic impact on the markets but people will start making questions and asking why it happened. That could possible affect the confidence on the dollar which will affect the markets.

If I'm talking complete bullshit I ask for the help of some economist.
Title: Re: EURO collapse
Post by: oscarzululondon on June 19, 2012, 12:56 pm
1) The Euro won't collapse, it can't. Countries may leave, but it won't 'collapse'. If Greece left for example, it would loose 3% of it's value.

2) If it did collapse then there would be a slight increase in the value of the Bitcoin.

if you REALLY think that greece leaving the euro zone would drop the euro just 3%..well man, i have some economic books written buy 6 year olds that id like to sell you for some bit coins.

I was actually being generous, the drop in the value of the Euro would probably be less than 3%.

Of course the initial drop would be huge, probably around 15%, but it would work it's way back up again in days and settle around a -3% of before level.

People don't realise how much the Euro is essentially Germany and France, the other countries are just pollyfiller. Look how much all the other countries have been able to borrow on the back of Germany's word....
Title: Re: EURO collapse
Post by: StickAFinger on June 19, 2012, 01:26 pm
well your definitely simplifying it thats for sure. but yeah, there will be a deep impact initially but we can keep thinking france and germany will carry everyone through this. but here is what a smart greek has to say about all this crisis shit...take a look ;)

http://www.youtube.com/watch?v=Zvl9N9GdraQ