Another outstanding achievement for socialism. The lesson of history that refuses to be learned no matter how many times it ends in abject failure.
Topic: By first time 1 satoshi is iqual than a Bolivar (Read 220 times)
I've seen banks predicting 2000% inflation of bolivar only for this year. Venezuela is surprizing me all the time. Personaly I wish I could to buy some bolivars just to start making my own collecions of dying / dead fiat currencies so each time I would think abou selling BTC it will prevent me from making mistakes.
https://localbitcoins.com/country/VE
now is 1 sat=1.12 Bs
the official rate ( just for people that works for the goberment )
the rate is 10Bs=1$
that means if a person of the goberment sell a car that is about 40.000 Bs. (an old one) ,that person can buy 400.000 $ with the official rate
for person inside the goberment 10Bs=1$
for Venezuelans 28400Bs=1$
pretty sad and no one can do nothing
now is 1 sat=1.12 Bs
the official rate ( just for people that works for the goberment )
the rate is 10Bs=1$
that means if a person of the goberment sell a car that is about 40.000 Bs. (an old one) ,that person can buy 400.000 $ with the official rate
for person inside the goberment 10Bs=1$
for Venezuelans 28400Bs=1$
pretty sad and no one can do nothing
Some day one american dollar equal a satoshi .It could be and its not far away if satoshi right whole world using bitcoin or nobady
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What sources do you have?
I am asking because I’ve heard that bolivars are supposed to have an official rate of exchange, but that in the black-market bolivars are being exchanged for dollars for much cheaper.
So, I don’t know if you are talking about exchange rates from cryptos exchanges or what. Anyway, the situation in Venezuela looks very bad, I’m not surprised that those who have some money try to preserve it exchanging it for dollars, cryptos or whatever.
I am asking because I’ve heard that bolivars are supposed to have an official rate of exchange, but that in the black-market bolivars are being exchanged for dollars for much cheaper.
So, I don’t know if you are talking about exchange rates from cryptos exchanges or what. Anyway, the situation in Venezuela looks very bad, I’m not surprised that those who have some money try to preserve it exchanging it for dollars, cryptos or whatever.
hiperinflation is a lot of dangerous than hiperinflation? isn't hiperinflation=hiperinflation?
I see that one bolivar is 2400satoshis, correct me if I am mistaken, but nevertheless, BTC would be a good adition to the financial problems the country suffers. I am hoping to see one day 1 USD = 2400 satoshis, that's the dream!
I see that one bolivar is 2400satoshis, correct me if I am mistaken, but nevertheless, BTC would be a good adition to the financial problems the country suffers. I am hoping to see one day 1 USD = 2400 satoshis, that's the dream!
Yesterday the Bolivar fall down to 1 satoshi = 1 Bolivar due hyperinflation, today in local bitcoin for buying is about 1.07 per satoshi is amazing how fast this occurred.
I told to all person that I know to protect themselves againts hiperinflation buying bitcoins
some people just followed my advise and they are very happy for that
why this advice, because hiperinflation is a lot of dangerous than a volatile market
hiperinflation can steal you every thing in just months.
I told to all person that I know to protect themselves againts hiperinflation buying bitcoins
some people just followed my advise and they are very happy for that
why this advice, because hiperinflation is a lot of dangerous than a volatile market
hiperinflation can steal you every thing in just months.
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