Topic: This is how 0.037 Bitcoins looks like in Venezuela (Read 31697 times)
Anyone willing to sell any bolivars yet? What is the current black market exchange rate and I would love to get a few hundred dollars worth in low denomination bills.
think so much. well, the financial crisis does make a country's currency so difficult. I think the money is very difficult to carry. I might prefer to use digital transactions rather than holding that much money.
Oh my god that's a lot of pieces of money. But even the pieces is a lot of money in the Venezuela I THINK THE VALUE OF THAT IS VERY LOW. Because there is some money in one country the value is very high. Im not looking to the pieces of the paper of money but Im looking for the value of the pieces of each money if it's very high or not. In dollars rate for sure the pieces of that is only few but high value.
this has been very severe in Venezuela. especially after they switched to cryptocurrency, there was a power outage for several days, this added to the country's difficulty to rise 
Oh my god that's a lot of pieces of money. But even the pieces is a lot of money in the Venezuela I THINK THE VALUE OF THAT IS VERY LOW. Because there is some money in one country the value is very high. Im not looking to the pieces of the paper of money but Im looking for the value of the pieces of each money if it's very high or not. In dollars rate for sure the pieces of that is only few but high value.
a real good article how the situation looks like in Venezuela at the moment:
https://translate.google.com/translate?hl=de&tab=wT&sl=de&tl=en&u=https%3A%2F%2Fwww.heise.de%2Fnewsticker%2Fmeldung%2FKryptowaehrung-Mit-Bitcoins-habe-ich-wenigstens-eine-Chance-4355908.html
https://translate.google.com/translate?hl=de&tab=wT&sl=de&tl=en&u=https%3A%2F%2Fwww.heise.de%2Fnewsticker%2Fmeldung%2FKryptowaehrung-Mit-Bitcoins-habe-ich-wenigstens-eine-Chance-4355908.html
0.037 bitcoins same as half of the monthly minimum wage, damn. Actually OP's topic is 2015, and now it's 2016. Maybe it will decrease not like 2015, if yes, so i can earn minimum wage in Venezuela 
...
Venezuela is now one of those candidate investments that Rothschild suggested looking at:
"The original quote is believed to be "Buy when there's blood in the streets, even if the blood is your own.""
(The above version (there are several versions of Rothschild's quote) here: http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp)
Venezuela is not quite ready for such investments. But, it may be at some point once Chavez/Maduro Socialism falls. Any such investments would be risky. But someone is likely to make a pile of money once the smoke clears in Venezuela (all that oil is not going anywhere anytime soon).
Venezuela is now one of those candidate investments that Rothschild suggested looking at:
"The original quote is believed to be "Buy when there's blood in the streets, even if the blood is your own.""
(The above version (there are several versions of Rothschild's quote) here: http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp)
Venezuela is not quite ready for such investments. But, it may be at some point once Chavez/Maduro Socialism falls. Any such investments would be risky. But someone is likely to make a pile of money once the smoke clears in Venezuela (all that oil is not going anywhere anytime soon).
wow, it's a lot of money. pity if it has little value. if I had that much money in my country, maybe I can buy a car with that money 
That really a lot of money but still its value is so less,if the value of that money is big then i would love to live in venezuela.
For these reasons governments were having strong regulations over the bitcoin usage and mining. In this case if it continues soon it will overcome their local currency.
wow, it's a lot of money. pity if it has little value. if I had that much money in my country, maybe I can buy a car with that money
That really a lot of money but still its value is so less,if the value of that money is big then i would love to live in venezuela.
wow, it's a lot of money. pity if it has little value. if I had that much money in my country, maybe I can buy a car with that money
Holy *censored*! That is a lot of money with just 0.037 BTC. Just imagine what kind of luxury life you will live in that country with just a couple hundred of Bitcoin, and it's amusing to know that participants of a signature campaign make a lot of money than their residents. LOL.
They have arrested them? Why, mining Bitcion is a crime there??
yeah apaprently it's seen as a crime https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/
which is terrible stupid if you ask me, they still conenct bitcoin with terrorist acts
The rich will become richer while the poor will remain poor. Stupid, indeed.
now that they arrested two guys there that were mining bitcoin, you can not even think that their government will adopt bitcoin i the future, so it will remain a poor country with a dictatorial regime
They have arrested them? Why, mining Bitcion is a crime there??
yeah apaprently it's seen as a crime https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/
which is terrible stupid if you ask me, they still conenct bitcoin with terrorist acts
now that they arrested two guys there that were mining bitcoin, you can not even think that their government will adopt bitcoin i the future, so it will remain a poor country with a dictatorial regime
They have arrested them? Why, mining Bitcion is a crime there??
yeah apaprently it's seen as a crime https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/
which is terrible stupid if you ask me, they still conenct bitcoin with terrorist acts
now that they arrested two guys there that were mining bitcoin, you can not even think that their government will adopt bitcoin i the future, so it will remain a poor country with a dictatorial regime
They have arrested them? Why, mining Bitcion is a crime there??
now that they arrested two guys there that were mining bitcoin, you can not even think that their government will adopt bitcoin i the future, so it will remain a poor country with a dictatorial regime
It's like Belarus money a huge amount of paper but it worth so less. I think people should rework this cause it's not even comfortable to pay with this.
This is why Venezuela will be the first country to adopt a virtual currency.
0.037 Bitcoins o almost 12 Us$
It loos like a lot of money, but is the equivalent to half of the monthly minimum wage
i guess that's will really heavy if you carry by yourself and will not fit save into your wallet and i can't imagine if someone else have 10 bitcoin on venezuela i thought he will carry his money into his truck0.037 Bitcoins o almost 12 Us$
It loos like a lot of money, but is the equivalent to half of the monthly minimum wage
This is why Venezuela will be the first country to adopt a virtual currency.
0.037 Bitcoins o almost 12 Us$
0.037 Bitcoins o almost 12 Us$
That can't be true. VENEZUELAN BOLIVAR exchange rate at the time when this post was made was 100 VEF to $15.74.The bill shown in this picture must be 1,000,000 VEF which was equal to $157,4 at that time
http://www.exchange-rates.org/Rate/VEF/USD/8-11-2015
Venezuela has become the nightmare country as they cant control the inflation,they are killing the people,imagine get a salary of 400 dollars then next month it reduces or increases once again because inflaction should impack these thing.
it was like a pile of money is worth it, if I had money to many like it here, maybe I can buy a new car for my family, but I guess there can not be much money to buy a car 
I buy you a car! PM me BTC
Venezuela might be saved from disaster if the political heat in the middle east continues to rise (since it's pumping oil prices). But it would be a short-term break from an economic disaster.
That's wrong. It looks like you didn't follow oil prices. It's 37$, which is one of the lowest in last years.
Even if oil prices rise that won't have big effect on Venezuela economy. Middle East oil companies still run the big part of business.
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