Is Bitcoin the New Safe-Haven Currency? Bitcoins Surge After Cyprus Bank Raid
Is Bitcoin now a safe haven currency? It wasn't long ago when it was considered merely an interesting crypto-currency to buy illegal drugs on Silk Road. Now, citizens all over Europe appear to be flocking to Bitcoin as the European finance vultures circle above.
Europeans woke up this week with a lot less confidence in their banking system after European finance chiefs and the International Monetary Fund announced their plan to steal from private bank accounts in Cyprus in the form of a one-time "wealth tax" to bailout insolvent banks.
These "taxes" will be frozen and confiscated directly out of citizens' private accounts."Most of the 10 billion euros will go to bail out Cypriot banks," according to the New York Times. Do taxes go directly to private banks now?
No wonder Europeans are furious and scrambling to pull their money out of the banking system and park it somewhere safe. And it appears that some are turning to Bitcoin to escape the clutches of the Troika.
Continue reading at: http://www.activistpost.com/2013/03/cyprus-bank-raid-bitcoins.html?...
Replies to This Discussion
-
Permalink Reply by TheLasersShadow on
-
I would be careful with bitcoin don't put all your 'eggs' in one basket. I've seen BTC drop like %50 in a day before when MtGox was hacked a year or so ago. Temperamental new crypto currency might be coming into its own now though. Beware the Governments of the world will fight back against it so be prepared if you put a lot of cash into it that you might have to skirt the law to get it out or use it at a future date.
If you need a quick wallet instawallet.com is a good one click solution that will allow you to accept bitcoins just bookmark the page!! and copy n paste the link in notepad to be saved as well.
-
Permalink Reply by truth on
-
"Bitcoin 12160 http://tinyurl.com/cdzcvyx"
-
Permalink Reply by mystery on
-
Las Vegas Casinos Jump Into Bitcoin
http://www.activistpost.com/2014/01/las-vegas-casinos-jump-into-bit...
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
Most powerful family on earth Harmans/Harmens/Harmons
It was among those Anglo-Saxon tribes…See More
TH CIRCUIT SAYS C19 SHOTS ARE MEDICAL TREATMENT, NOT VACCINES
EUGENICS1 day ago 11.7K views26:18…See More
New jobs off shore
"It's not surprising many former workers are heading away for better opportunities after being…"
This is INSANE! The Biden administration is doing it in ALL 50 states! | Redacted w Clayton Morris
American Financing:N M L S 1 8 2 3 3 4, N M L S consumer access dot org. APR for rates in the 5s start at 6.799% for well qualified borrowers. Visit https://...
Pete Seeger on being Black Listed in America, 1965: CBC Archives | CBC
In this clip from 1965, folk singer and activist Pete Seeger talks about being black listed for "un-American activities" and his refusal to answer questions ...
"The Communists from within will not let you co-exist they will continue to try to steal your…"
Letitia James You know the one who Announced She was going after Donald Trump Now targets Ivermectin!
https://www.thegatewaypundit.com/wp-content/uploads/0-1468-600x313.jpg 600w,…See More
© 2024 Created by truth.
Powered by
