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Topic: [2019-11-05] Bitcoin Price Hits $11.6K on Argentinian Crypto Exchange - page 2. (Read 382 times)

legendary
Activity: 2492
Merit: 1018

There would be be any other options if they are going to be strict to foreign exchange, cryptocurrency would be their next option. Probably even the best option before going for USD for an Argentinian with lots to lose in times like this. Must be worth for the localbitcoin user to dump his coins to anyone for $11K. Looks like South American countries are up to revolutionize cryptocurrencies, they're on the right track.  Smiley



hero member
Activity: 1008
Merit: 531
It was expected to be completely honest, they are going through a lot of economic issues and when that happens bitcoin is seen as a safe haven.

The worst part about is it, is unlike countries like Venezuela, the government is actually restricting their access to using their funds and have established some policies to stop this from happening.

Does anyone know why Argentina's don't just VPN and get cheaper prices on other big exchanges? I've never really understood the concept of prices being pumped on different exchanges.
member
Activity: 137
Merit: 10
Shifting politics, economic uncertainty, and stricter forex controls have led Argentine banks to eliminate trading desk jobs.

https://bitcoinist.com/bitcoin-price-breaks-12k-on-argentinian-crypto-exchange/
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