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Profiting From "Brexit"

Discussion in 'BlackHat Lounge' started by The Scarlet Pimp, Jun 26, 2016.

  1. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    this is about how to PROFIT from the exodus, NOT discussing the political aspects. that said...

    recall that fellow who bought $27. worth of bitcoin and it turned into almost a million in 4 years? well "bitcoin" and "gold" are both trending right now, so this could be a good time to promote or invest in either. https://www.goldbroker.com/affiliate-program

    and since scotland, germany, and france are all considering following suit, bitcoin and gold may go up even more in the months ahead. this could turn into one of the biggest opportunities of the decade. you can rest assured the big players are all following this news.

    ---

    Verge writes that Bitcoin jumped in value http://www.theverge.com/2016/6/24/12023402/brexit-bitcoin-value-price-surge from $550. to $650. overnight. While still down from a two-year high of $719. earlier in the month, it's just one more demonstration of how global currency is fluctuating in response to Brexit and any perceived consequences.

    Also worth noting "buy gold" searches rose a whopping 500 percent http://www.telegraph.co.uk/business...ar-500pc-after-britain-votes-to-leave-eu-her/ across Britain after the vote.
     
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  2. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    I can't believe it took so long to see a thread started on profiting from Brexit!

    Kudos, @The Scarlet Pimp
     
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  3. MayhemMarketing007

    MayhemMarketing007 Jr. VIP Jr. VIP

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    Nice. I know that whoever shorted the Pound made a killing. Current events can give us an explosion of new niches and keywords to profit from.
     
  4. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    as of last friday no bank in america will trade in the brit. note. i don't know how long this trend will continue.
     
  5. Reaver

    Reaver Jr. VIP Jr. VIP

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    People who look on the negative side of things miss out on a lot in life.
     
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  6. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    like the chance to make a tidy profit.
     
  7. Reaver

    Reaver Jr. VIP Jr. VIP

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    Exactly. We're talking about making money with BTC and gold. By the time it crashes again the people who took action will already have thier money. They'll be laughing all the way to the bank.
     
  8. dys872

    dys872 Junior Member

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    Start taking odds on the next Brexit (I bet on Sweden).
     
  9. annd

    annd Regular Member

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    Will be like Greece few years back. They voted out, then backed up. Same will happen now. There is a petition now to cancel the vote. I would personally start a petition to not allow GB back in Europe
     
  10. MillionaireTed

    MillionaireTed Junior Member

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    Seems like everybody here is clueless and regurgitating stuff they real........ just my opinion.
     
  11. MillionaireTed

    MillionaireTed Junior Member

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    Blind Leading the Blind Type Setup.
     
  12. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    even if they don't leave the eu, just the suggestion of doing so can cause the markets to drop overnight. that's when you go short on that countries currency.
     
  13. JustUs

    JustUs Power Member

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    I am not so sure about that. The Federal Reserve claimed that they will invest in and prop up the pound rather than let it fall. While incorporating "Federal" in the name and the US government having something to do with approving the Fed Reserve heads, and the Fed Reserve printing and valuing US money, the Fed Reserve is a private corporation. British money will not fall off a cliff.
     
  14. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    I'm already profiting from it with doing nothing, i earn in dollars and that got stronger against my national currency thanks to the Brits. :)

    I know nothing about BTC, but regarding to gold:
    There's a Hungarian investment guy called Gy├Ârgy Soros living in the US. He has around $30 billion at his dispose. It's always a good idea to watch closely what that guy does. He wasn't trading lately, then outta fucking nowhere before the Brexit voting he started to buy gold like there's no tomorrow.
     
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    Last edited: Jun 26, 2016
  15. 1morenoob

    1morenoob BANNED BANNED

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    These threads make me laugh, talking about people who bought gold before they knew if we were going to leave or not as if they're some sort of genius. They'd of been better off taking the 7-8/1 odds on us leaving that were available at nearly all bookmakers before the results started being announced
     
  16. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    the pound won't go away, but someone who works in the finance industry told me the banks would not convert the pound into us dollars after the news. i dunno when things will get back to normal.
     
  17. mirrorer

    mirrorer Jr. VIP Jr. VIP

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  18. mirrorer

    mirrorer Jr. VIP Jr. VIP

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    Banks can't deny a transaction or exchange unless the central banks says so.It was just the spreads that were high/terrible and hard to find a good price from another bank willing to sell dollar for pound.
    I was watching the markets when the voting ended. The spreads on gpb/usd were from 40 to 300 pips while the average spread is 1 pips.Here is a screenshot i managed to take at that moment.This one is at 47.5 pips.
    [​IMG]

    In short: You could exchange GBP for USD but you would get a terrible price.
     
  19. Justkulboi

    Justkulboi Regular Member

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  20. mirrorer

    mirrorer Jr. VIP Jr. VIP

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    Dude,
    I've been there. Lost $xx,xxx and I know what it feels like. Just trying to warn the fellow "investors" is not that easy to make money from the markets.