Fatman3001
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April 27, 2015, 03:24:41 PM

Massive support at 218-200, good time to buy if you still got fiat.. Also a Grexit is getting more and more likely, if this will happen it would be a big boost for Bitcoin.

Do you really reckon that's going to happen? I think the EU leaders will do everything in their power to avoid than scenario. Also, even Greece doesn't really want to get out of the Euro zone. Even if they left, they can't just decide to break off of the world economy. It they don't do their best to get their economy back on track, they'll be getting themselves into serious trouble, I guess...

They could default on their greek government debts, drop out of the eurozone but amend their legal tender laws to allow any currency, including euros, to circulate freely and be used by anyone. That would be their most sane course of action, so it will not happen.

Yeah, that would be a bold move, I guess, but it would effectively wipe out every last remaining drop of trust investors and creditors have left in Greece. Also, I believe this would also pretty much throw Greece's economy back into... the stone age maybe? Or do you think this could be a wise thing to do, actually?

Very, very wise. Investigate Panama, Hong Kong, Switzerland and Scottish free-banking eras. Greece would recover very quickly once they rescinded the massive debts that are strangling them to death and let economic freedoms flourish. All they need is a sound currency footing and a believable commitment to free markets, like any nation.

Being in Greece and closely monitoring the situation; I can only say that this "Grexit" scenario is a bold marketing trick. The elephant in the room is Germany and Deutsche Bank (please take a look at their leverage level on their loans). Nobody wants Greece out of the EU; that is except for the Greeks. Eliminating the decoy, would immediately turn heads towards the REAL problem of the EU Banking problem.

We're Greeks; not fools. A second currency would definitely rule out many of the problems (except if it was in the form of IOUs). Gresham's Law has always been accurate in the past and if THAT second currency would've been BTC over Euro, then goodbye debt crisis for Greece. Maybe April's fool joke from Yianis Varoufakis should be taken more seriously, if you ask me.

Unfortunately, after Riga it seems not feasible; so don't expect a rally from a Grexit or Gr-BTC adoption.  Undecided

http://greece.greekreporter.com/2015/04/01/yanis-varoufakis-greece-will-adopt-the-bitcoin-if-eurogroup-doesnt-give-us-a-deal/



Seems like YV might be getting sidelined - see his FDR tweet and a 'new' negotiating team joining the discussions to try and get the new bailouts over the line. Reports say YV did not want to remove Syriza's 'living wage' increases and the Troika, well, not such big fans.

Still don't think they will default and BTC won't even rate a mention so this never ending decline will continue, at least until the bears and quick buck traders near destroy it. But it will be back Smiley

The proof is in the pudding. People didn't jump off the Titanic when it was 12000 feet under water. They jumped before it had sunk. And the greeks are currently not buying BTC any more than the rest of us.