No. Inflation on Venezuela is too high and no one is also taking Petro coin as their investment and though it has been backed by the government its worth is nothing. People don't want to take this even a "government" is backing it.
Why? they are in crisis and that's why people aren't taking anything that's being supported by the government there. If you all have heard the news that this coin is about to be dead soon, no serious interest on it.
Topic: New cryptocurrency the “Petro” - page 2. (Read 281 times)
First crypto back by a government? I'll wait in the sidelines and watch first before putting anything in it.
Let's see where this leads
Let's see where this leads
New cryptocurrency the “Petro”
The new cryptocurrency called the Petro it’s backed from the Venezuelan state as a response against the dollar and the sanctions imposed by the United States , it’s ranked 3030 on coinraking.com with a worth of 0$ but the Venezuelan government says it worths at least 60 $. What do you guys think? Are you willing to trade this new cryptocurrency just like bitcoin?..
No airdrops…
for More information visit https://en.wikipedia.org/wiki/Petro_(cryptocurrency)
For the Venezuelan token Petro is better to watch from the side. This is a very problematic token, though, as if backed up by Venezuelan oil. There are so many scandals around this token that for the time being it is better not to engage them. Now there are so many other cryptocurrencies that you can pay attention to. The new cryptocurrency called the Petro it’s backed from the Venezuelan state as a response against the dollar and the sanctions imposed by the United States , it’s ranked 3030 on coinraking.com with a worth of 0$ but the Venezuelan government says it worths at least 60 $. What do you guys think? Are you willing to trade this new cryptocurrency just like bitcoin?..
No airdrops…
for More information visit https://en.wikipedia.org/wiki/Petro_(cryptocurrency)
Well, it is supposed to be backed by the country's oil, gas and mineral reserves and is intended to supplement Venezuela's plummeting "Bolívar Soberano currency", as a means of circumventing U.S. sanctions and accessing international financing. But which country or person is willing to buy the Petro not even their allies like China (perhaps Russia) want to trade in cryptocurrencies so we can say that this crypto coin it is probably dead before even born
Petro has been around for a while and had a lot of bad publicity. There are some shady goings on with it and the president of Venezuela. I wouldn't even touch the Venezuelan fiat country given their monetary policy shortcomings, so I won't touch their crypto with a barge pole.
i agree. also, we don't even know if they have real collaboration with the government or maybe marketing propaganda only. we don't know the truth behind such coin. traders might just go with the hype and get as much as they can.
Petro has been around for a while and had a lot of bad publicity. There are some shady goings on with it and the president of Venezuela. I wouldn't even touch the Venezuelan fiat country given their monetary policy shortcomings, so I won't touch their crypto with a barge pole.
i agree. also, we don't even know if they have real collaboration with the government or maybe marketing propaganda only. we don't know the truth behind such coin. traders might just go with the hype and get as much as they can.
Petro has been around for a while and had a lot of bad publicity. There are some shady goings on with it and the president of Venezuela. I wouldn't even touch the Venezuelan fiat country given their monetary policy shortcomings, so I won't touch their crypto with a barge pole.
New cryptocurrency the “Petro”
The new cryptocurrency called the Petro it’s backed from the Venezuelan state as a response against the dollar and the sanctions imposed by the United States , it’s ranked 3030 on coinraking.com with a worth of 0$ but the Venezuelan government says it worths at least 60 $. What do you guys think? Are you willing to trade this new cryptocurrency just like bitcoin?..
No airdrops…
for More information visit https://en.wikipedia.org/wiki/Petro_(cryptocurrency)
The new cryptocurrency called the Petro it’s backed from the Venezuelan state as a response against the dollar and the sanctions imposed by the United States , it’s ranked 3030 on coinraking.com with a worth of 0$ but the Venezuelan government says it worths at least 60 $. What do you guys think? Are you willing to trade this new cryptocurrency just like bitcoin?..
No airdrops…
for More information visit https://en.wikipedia.org/wiki/Petro_(cryptocurrency)
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