what??
that sh*t
what a money in venezuela??
Topic: This is how 0.037 Bitcoins looks like in Venezuela - page 11. (Read 31697 times)
is there anything they are doing to fix this hyperinflation. i have no idea how they're going to get out of this mess.
fiat form itself is a no option kinda situation for hyperinflation.
its why you see countries like japan are in the same route. Heck we are all in it as long the paper keeps printing.
well the countrys should readjust to the new era that has begun already on the next days
Well, this is a great pic to show how fiat currencies could mutate your hard earned wealth into nothing. It is not only Venezuela, but also Zimbabwe or Argentina some years ago. Even Japan has got a high inflation rate.
you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that left wing dollars
I have a Zimbabwe dollar just to remind myself of the st*pidity of central banks, governments and those that support them.
you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that left wing dollars
is there anything they are doing to fix this hyperinflation. i have no idea how they're going to get out of this mess.
Whatever measures that the Venezuelan government is taking will be temporary at best and counterproductive at worst. There is no other way than a return to capitalism and when that happens, a lot of people in Venezuela are going to be mad.
is there anything they are doing to fix this hyperinflation. i have no idea how they're going to get out of this mess.
instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.
This would solve the problem until those bills are deflated away.
well those will crash the country on the next months for sure then they can think how to control those instead avoid the subject.
instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.
They will never do that. The Venezuelan government is actually denying the fact that hyperinflation is a serious issue in that country. Also, the official exchange rates are like 1 USD = 6.35 Venezuelan Bolívar (the black market rates are like 1 USD = 800 Venezuelan Bolívar). As per the government, the official exchange rates should be imposed everywhere.
instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.
For the same reason they won't print $500 or $1000 bills here in the USA (back in the 1930s they printed FRNs up to $10,000). It would be an admission of failure to maintain the value of the currency. (Well, for the "money laundering" excuse as well)
The liars at .gov and .fed are going to hurt a LOT of people. Like in Venezuela. Don't be one of those who gets hurt (much). Get prepared for rough times.
instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.
well one curious question is worthing print soo many money worthing 12 dollars the trees wont hold those prints forever.... and wow those news about a crash and the price raise all days sounds a nightmare one day you milionaire,other you rich then you become poor wow,really hope someday bitcoin or other currency just become universal ,that way the coin wont loose value or get trilions invested into buy or sell.
This is why Venezuela will be the first country to adopt a virtual currency.
0.37 Bitcoins o almost 12 Us$
0.37 Bitcoins o almost 12 Us$
>>>>
>>>>
I must have read that wrong somehow
0.37 Bitcoins does not equal $12 US
0.37 Bitcoins = $100 US (@270 US/ BTC)
That or the conversion rate is that bad which would be something else.
Sorry, i made a mistake when posting,
ITS 0.037 BITCOINS, 12 us$
HALF OF MINIMUN WAGE
are you sure it was only 0.037 bitcoin? I think that a lot of money, I dont believe that it is only for $ 12
It is true
If you want more info about inflation http://www.bloomberg.com/news/articles/2015-07-15/venezuela-s-772-inflation-means-default-may-come-a-lot-sooner
The paper money will soon become worthless not just the Venezuelan currency but just about every fiat currency in the world. I can imagine stacks of paper money needed to exchange 1 unit of bitcoin. In this situation it's good that we have bitcoin to save the day.
This is why Venezuela will be the first country to adopt a virtual currency.
0.37 Bitcoins o almost 12 Us$
0.37 Bitcoins o almost 12 Us$
>>>>
>>>>
I must have read that wrong somehow
0.37 Bitcoins does not equal $12 US
0.37 Bitcoins = $100 US (@270 US/ BTC)
That or the conversion rate is that bad which would be something else.
Sorry, i made a mistake when posting,
ITS 0.037 BITCOINS, 12 us$
HALF OF MINIMUN WAGE
are you sure it was only 0.037 bitcoin? I think that a lot of money, I dont believe that it is only for $ 12
thats really a lot
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
It loos like a lot of money, but is the equivalent to half of the monthly minimum wage
This statement right here is why participating in the Bitcoin community makes sense for those living in countries like Venezuela.
.037 BTC is two weeks wage for many Venezuelans. In other words, less than .1 BTC a month. How many people make more than that from these forums alone? The Bitcoin community provides far better wages to people who simply participate in the community. That's the beauty of Bitcoin.
Yes, thanks to all above who have commented that while getting, say, BTC0.02 per week (in my case, on average, amount approximate) means little to me here in the USA, that could mean much more to people in Venezuela or other developing countries.
Bravo to the Signature Campaigns! Those Satoshis might be adding real value to people's lives I had never considered...
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
It loos like a lot of money, but is the equivalent to half of the monthly minimum wage
This statement right here is why participating in the Bitcoin community makes sense for those living in countries like Venezuela.
.037 BTC is two weeks wage for many Venezuelans. In other words, less than .1 BTC a month. How many people make more than that from these forums alone? The Bitcoin community provides far better wages to people who simply participate in the community. That's the beauty of Bitcoin.
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