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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 11/02/2015, 20:55:23 UTC
what is your opinion on grexit? is it going to happen? will they let us leave eurozone? and if so, will this affect the price of bitcoin?

Nobody wants a grexit, not even Syriza. But something has to give soon, if Greece gets IMF on their side it might be difficult for the creditor nations to resist some kind of debt relief, but what form and what size is impossible to know right now.

Grexit will happen because there are three outcomes and grexit is the not the worst case scenario for either side. Possibilities:
1)Greek bank run with no bail-out leading to collapse of economy and government
2) Writedowns/write offs of Greek debt leading several other countries to re-negotiate austerity terms and massive losses to sovereign debt-holders.
3)  Grexit.

It's going to happen. The only real question is "when?"

You are assuming that the EU or Greece will choose the less bad option. Ballsy!

A more likely reason why there can be a grexit is simply because everyone fucks up and are forced to accept a grexit that nobody wants. That would be politics european style!

The fuck-up is not knowing the difference between what you want and a realistic expectation. Greece is out. The disaster for the EU would be if Greece leaves and is better off as a result. Then you're going to see a great unraveling of your whole experiment. What you should want and hope happens is that Greece suffers mightily. It's the only way your other deadbeat countries will stay in line.