Quote from: matuson on October 02, 2017, 11:57:36 AM

Quote from: alyssa85 on October 02, 2017, 10:20:28 AM

Quote from: magneto on October 02, 2017, 09:17:36 AM

Quote from: alyssa85 on September 30, 2017, 12:24:33 PM

Tomorrow Catalonia will try to vote for independence, and Spain will try to stop them (looks like they might get violent).

IF the Catalans vote to leave and declare independence, then all hell will break loose, and we might see a flight to safety towards bitcoin. It depends entirely on how ugly it gets.

This could be possible... But i don't think that political instability alone is enough to make people flood in bitcoin.

However as i've said, when financial situations get real bad, so bad that people cannot transact on a daily basis for their basic needs since their national currency is in a hyperinflationary mess, they will look for an alternative.

An alternative that is a store of value. So it's really only either bitcoin or preciosu metals. Bitcoin is gaining popularity as a safe haven like this.

Bitcoin's price has jumped today. It was about $4200 yesterday morning, and it's now $4435.

If I was a Catalan I'd be buying bitcoin especially as the Catalan govt has announced it will declare independence on Oct 6th. The financial markets are going to be roiled, so it makes sense for Spanish and Catalans alike to put some money in bitcoin to preserve their savings.

I very much doubt that Catalonia will ever be recognized as an independent state. The world does not recognize and to be independent in isolation is unrealistic. Bitcoin you won't help you. Now the world really is a crisis of democracy.This leads to the fact that the influence of uneducated people and the world plunged into chaos.

Well the United States said they won't recognise Catalonia.

But Brexit Britain might, especially if the brexit negotiations go badly, we'd have nothing to lose by recognising them and it would piss off the Spanish royally.