do you think folk from argentina are going to..

Bit_Happy

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A Great Time to Start Something!

Quote from: beetcoin on August 01, 2014, 05:49:10 PM

Quote from: justmy2cents on August 01, 2014, 04:06:43 PM

I'll be in Argentina on business. And I'm a seller of Bitcoin.

So let's say I sell 15 - 20 Bitcoins to the locals. What the hell do I do with a pocket full of pesos (the hotel has specified settlement in USD)?

since their fiat is less valuable, i'd assume they'd have to pay you more in peso for a bitcons.

you can flash your bling and get argentine chicks, i guess?

Argentina women have clearly questionable moral standards. Cheesy

Bogleg

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Quote from: btcfre@k on July 31, 2014, 03:10:49 PM

massively invest in bitcoin to avoid pesos crisis?

Money can't get in and out easily. So even bitcoin is hopeless in this case.

Este Nuno

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amarha

Quote from: Beliathon on August 01, 2014, 03:07:07 PM

Quote from: bassclef on August 01, 2014, 02:41:34 PM

A percentage of people at the top with the means to acquire Bitcoin certainly will.

You can exchange 10,000 pesos for BTC. Or 100 pesos. Or 10 pesos. Or 1 peso.

Anyone can do it, you don't have to be rich. Yet another anti-Bitcoin myth / FUD.

That's true. Anyone can take a hundred bucks and go buy bitcoin. It's not exclusive to people buying multiple BTC.

gatra

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CTO @ Flixxo, Riecoin dev

nah, lots of people have heard about btc but don't have access/don't know how to buy it. And there are not many places that accept btc as payment yet...
they'll keep buying usd

commandrix

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I wish they would. It would at least get a lot of those stupid valueless pesos out of circulation.

CRServers

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Quote from: justmy2cents on August 01, 2014, 04:06:43 PM

What the hell do I do with a pocket full of pesos?

Nothing.... Sad

Try to pay for goods and services using BTC while you are there.
You will be treated as a king, probably get some good deals, and the Argentinians will get some REAL value for their work/goods.
Even if they do not know what BTC is all about, they'll probably prefer anything to their devalued worthless pesos.
Good Luck!

Carlton Banks

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Quote from: justmy2cents on August 01, 2014, 04:06:43 PM

I'll be in Argentina on business. And I'm a seller of Bitcoin.

So let's say I sell 15 - 20 Bitcoins to the locals. What the hell do I do with a pocket full of pesos (the hotel has specified settlement in USD)?

Spend Bitcoin wherever you can while you're there, even the smaller cities seem to have a Bitcoin presence if you check coinmap.org. Buy any USD you need with BTC once you're in Argentina.

beetcoin

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Quote from: justmy2cents on August 01, 2014, 04:06:43 PM

I'll be in Argentina on business. And I'm a seller of Bitcoin.

So let's say I sell 15 - 20 Bitcoins to the locals. What the hell do I do with a pocket full of pesos (the hotel has specified settlement in USD)?

since their fiat is less valuable, i'd assume they'd have to pay you more in peso for a bitcons.

you can flash your bling and get argentine chicks, i guess?

justmy2cents

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I'll be in Argentina on business. And I'm a seller of Bitcoin.

So let's say I sell 15 - 20 Bitcoins to the locals. What the hell do I do with a pocket full of pesos (the hotel has specified settlement in USD)?

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: bassclef on August 01, 2014, 02:41:34 PM

A percentage of people at the top with the means to acquire Bitcoin certainly will.

You can exchange 10,000 pesos for BTC. Or 100 pesos. Or 10 pesos. Or 1 peso.

Anyone can do it, you don't have to be rich. Yet another anti-Bitcoin myth / FUD.

bassclef

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A percentage of people at the top with the means to acquire Bitcoin certainly will.

Este Nuno

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amarha

Quote from: tooil on August 01, 2014, 01:43:06 PM

People worry about security and food when there is a crisis.

Doubt they care much about bitcoin.

They would care if they could buy 10 times as much food with Bitcoin over the next month when compared with holding Pesos.

Este Nuno

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amarha

Quote from: serje on July 31, 2014, 03:19:59 PM

Quote from: btcfre@k on July 31, 2014, 03:10:49 PM

massively invest in bitcoin to avoid pesos crisis?

You can't avoid a currency (pessos) crisis by investing in another currency

What? Why not?

That seems like it would be the perfect thing to do? Why would you hold a hyperinflating currency?

tooil

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People worry about security and food when there is a crisis.

Doubt they care much about bitcoin.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Bitcoin is a lifeboat.

The smartest and most tech savvy among them will. The rest are sadly fucked. Same as in any nation, none will be spared in the coming reality check.

The hard truth is that not everyone has the presence of mind to jump off the Titanic before it has begun to sink. Most of the brainwashed masses will start swimming for their lives only once the water (hyper/inflation) reaches their necks. Some will simply drown clinging to their worthless fiat.

Go watch a herd of bison flee from some attacking predator. You will notice there are those in the front, and those in the back. The laggards get eaten. Similar deal here, (un)natural selection. It ain't pretty, but neither life nor capitalism ever were.

abercrombie

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Quote from: btcfre@k on August 01, 2014, 06:19:21 AM

didnt we bounce when there was the cyprus crisis?why wouldnt be the same today?

We bounced thus far from $555 low Wed evening (U.S. time) to $607 this morning.

That's only 9% though.

btcfre@k

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didnt we bounce when there was the cyprus crisis?why wouldnt be the same today?

jbreher

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lose: unfind ... loose: untight

Quote from: serje on July 31, 2014, 03:19:59 PM

You can't avoid a currency (pessos) crisis by investing in another currency

A people cannot, but a person damn sure can.

Satan666

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The love of fiat is the root of all good

No, Argentinians know better than to buy into the Bitcoin con, so they will keep licking the boots of their monetary masters.

jjc326

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No I think this is way different than the Cyprus thing. In Cyprus it was the government taking away people's fiat expressly. In Argentina people won't feel like they're directly losing their fiat so it shouldn't cause the people to panic as much. I could be wrong though, but the price of BTC has not shot up yet like it did when Cyprus was happening.

Topic: do you think folk from argentina are going to.. (Read 1762 times)