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[–] PolePosition 2 points 0 points (+2|-2) ago 

Elect commies to fix your economy, they said.

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[–] scrotums 1 point 0 points (+1|-1) ago 

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[–] bf 0 points 1 point (+1|-0) ago 

RIP Greece

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[–] HP48GX 0 points 1 point (+1|-0) ago 

Don't see any such announcement on the bank's website

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[–] Redeyedjedi 0 points 2 points (+2|-0) ago 

The big question, in my opinion, is what does this mean for the euro. And as a corollary, bitcoin.

If the euro is going to drop in value, how can I use that info to make money?

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[–] Endfall ago  (edited ago)

By the time news reaches a content aggregator, the money's already been made. Most trading is done by algorithms these days precisely because humans are too slow.

So the answer is not bloody much. You can attempt to short like Opposite_Santa said, but that trains already left the station for the most part. Best thing you can do is probably keep your ear to the ground for subsidiary crises where you might make it in time to make some money, but of course, we have no idea if anything like that will happen.

If you're looking for a sure bet, you won't make much. High-yield sure bets don't exist.

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[–] Opposite_Santa 0 points 1 point (+1|-0) ago 

Short the euro.

You won't be the only one with that idea though.

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[–] KleanRider 0 points 2 points (+2|-0) ago 

Wow this sounds like what happened during the great depression.

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[–] wolfsktaag 0 points 2 points (+2|-0) ago 

this is gonna be interesting

[–] [deleted] 0 points 8 points (+8|-0) ago 

[Deleted]

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[–] yankee_rebel 0 points 1 point (+1|-0) ago 

Not quite yet if Greece votes Yes on the referendum the IMF already said they'll work with the country despite the nation already having defaulted.

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[–] pilgrimboy14 0 points 1 point (+1|-0) ago 

There reaches a point where a person and a nation just needs to declare bancruptcy. Taking care of that debt is killing them. The creditors don't care; they just want their money.

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