Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin exploded in price
by
Gabi
on 19/03/2013, 18:52:00 UTC
You forgot:
- Cypress
- NZ
- Italy

All three countries are planning or attempting to plan to confiscate a percentage of their citizens' savings accounts.  People in those countries are going to be fleeing the national currencies like a bat out of Hades, you just watch.

You're out of your fucking mind if you think people who would be effected by that have any idea Bitcoin exists. This is a self fulfilling price, people have an idea of what Bitcoin is worth therefore they won't let it reach below a certain point. Bitcoin has little to no practical and no tangible value. There is no reason it should be at this price.
So no one on this forum lives in Italy?  
Italian here  Cheesy

Problem is, the reason why the PIIGS nations are in a bad shape is related to why so few people from these countries are in bitcoin. Less people using internet, less people willing to inform, and so on. People here keep voting fail politicians too! What to you expect from us?  Cheesy