Greece is not Buying Bitcoin

Greece is not Buying BitcoinThere are many factors to consider when monitoring the value of something such as Bitcoin. There is a certain psychology of markets that must be understood before making too many predictions. One is that positivity breeds more positivity. When people are feeling good about Bitcoin, they place more buy orders for it. When they are feeling negative or less hopeful about Bitcoin, they place more sell orders. Either case can affect the price in a significant way.

There are many, surprisingly in wider mainstream outlets, who have attributed the recent relatively small gains of the Bitcoin valuation to the crisis in Greece. There are several things to understand about this assumption before debunking it. One is that the problem in Greece is anything but new. Greece eventually exiting the Euro has been mentioned for some time, and any Greek paying attention to current events would have made their purchases long before now when the cash machines are

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