Post
Topic
Board Speculation
Re: Just moved half of my funds off Bitstamp back into nice safe and warm Bank Konto
by
FeedbackLoop
on 18/03/2014, 11:27:22 UTC
I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

It's safer, but certainly very very far from safe. Bank bail-ins are just around the corner.


If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.

The actual bail-in should prevent the system collapse, at the expense of depositors.

The only question left is "which country is next?"


Though a bail-in is deflationary thus a large enough or multiple bail ins are dangerous for fiat. Bailing out with large amounts of government debt is better.