Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitserve
on 30/01/2020, 14:53:42 UTC
Any opinions on if there will be a significant pump today or tomorrow?

Britain officially leave the EU tomorrow (politically) before a transition period until the end of 2020. I wonder if this will be reflected by loss of power in the € & people flooding to BTC to preserve their wealth?

Why would it have a negative impact in the €?

Intuitively, finally putting an end for that shitshow looks bullish for the € to me... but most probably I am not seeing the full picture of it.

For my part, each country with its currency would be better, the central bank eliminated, the European Parliament eliminated, we would be less poor and we would not keep so many leeches. Cheesy

Maybe... or maybe just the contrary.

Small individual state currencies are WAY easier to manipulate. That's why shithole countries usually even forbid the $ usage to their citizens... so that they won't flee their savings in mass from their local currency to a stronger one when they start devaluating it to zero to pay for their HUGE and UNCONTROLLED public spending.

Not that they don't do the same with $ and €... but its orders of magnitude more stable than (many/most) small currencies.

No one really knows, but I don't think we would be any less poor if we haven't exchanged Peseta for € 20 years ago. With the kind of politicians we have had in that period, it is more probable that they would have been devaluating it like crazy until everything exploded apart. Or maybe not?