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
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Permalink Reply by TheLasersShadow on
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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.
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Permalink Reply by truth on
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"Bitcoin 12160 http://tinyurl.com/cdzcvyx"
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Permalink Reply by mystery on
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Las Vegas Casinos Jump Into Bitcoin
http://www.activistpost.com/2014/01/las-vegas-casinos-jump-into-bit...
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