Topic: Selling Bitcoins during a currency crisis (Argentina, Iran, Japan, etc.) (Read 807 times)

I'm not really sure how to do this type of things without too much risk, but I think this is a very important tpoic for multiple reasons.

1) I consider the current monetary system the biggest scam humanity has ever known. (And if you don't agree you should read more)

2) as if the monetary system itself wasn't bad enough, the criminal governments of countries that are failing often make it illegal to sell local currency for precious metals, foreign currency, or pretty much anything of value. Which is in my opinion a violation of human rights. And outright theft (on top of the big Ponzi scheme that the monetary system already is)

3) bail-in which is just another way of stealing money is common in hyperinflation situations.

4) the people have the right to have fair money, and the right to escape financial abuse and the violation of their right to have control of their own lives.

5) (compared to the other points this is just a minor detail) you can actually make profit from selling bitcoins to them and accepting their Monopoly money (and then quickly get it of it in your own country, before it inflates even more)

6) even though the people had to pay more than the marker price, it's still better than losing money every day by inflation. In the grand scheme of things they basically got bitcoin for free, because their money would have become worthless anyway. If enough people in the country buy bitcoin, they can rebuild their society and overthrow the banks and government and get rid of financial slavery.

So how do we help the people in countries that need an exit?

(Necrobump on purpose)

Hi, I am trying to think of ways to provide a service of selling Bitcoins to locals where they are experiencing high inflation or possibly heading toward hyperinflation. For example if Argentina keeps inflating and things start getting really out of hand. I heard it is now illegal for them to exchange Pesos for Dollars there. I'm not sure what this means though because how would anyone do business with American companies?

How could this be a great opportunity somebody and a great service to someone in Argentina, who wants to protect their wealth?

I don't have too much experience here, so help me out. I guess what I don't understand is whether they could wire money out or if making an exchange of BTC for Peso would useless to a foreigner.

Scenario:

I'm assuming if things were bad, that people would be paying premium for BTC in their local currency (Arg. Pesos). If I found a buyer who was offering 20 - 30% more in Pesos than the going Mt. Gox price in USD how would I go about this exchange?

Fly there, make the exchange for Pesos and then perhaps buy some real estate or other hard asset there? Buy land directly for BTC? This would be great if you actually want to acquire land there. Maybe just buy it and hope that in a year or two things will be better and you can sell it again for USD.

How would you go about this?