This is how 0.037 Bitcoins looks like in Venezuela - page 2.

vilain

full member

Activity: 126

Merit: 100

Quote from: OROBTC on January 06, 2016, 04:40:00 PM

...

Ruh, roh...

"Venezuelan President Seizes Control of the Central Bank"

http://www.gata.org/node/16064

Venezuela is heading for even more of a disaster. Maduro is either the last of the true-believers in Communism, or monumentally corrupt or BOTH.

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.

ingiltere

legendary

Activity: 2982

Merit: 1485

Quote from: pereira4 on January 06, 2016, 02:06:31 PM

Sex and drug must be pretty much rampant on there. When an economy is wrecked, people will do whatever it takes to get a better life quality. For those of you considering moving to "live like a king" you are crazy honestly. Too many thugs and desperate people. You don't need to be rich, just a middle class guy from the western world must be a target for robbery there. I would rather stay broke in a safe country.

I'm already a middle-class in a poor country. I don't think a country with highest crime rates is people's first choice to live like a king. There are better poor countries in Middle-East and North Africa. You can even be middle-class with only signature money from here in these countries. Cheesy

It doesn't have to be in Venezuela. Half of the world is living with poverty.

OROBTC

legendary

Activity: 2940

Merit: 1865

...

Ruh, roh...

"Venezuelan President Seizes Control of the Central Bank"

http://www.gata.org/node/16064

Venezuela is heading for even more of a disaster. Maduro is either the last of the true-believers in Communism, or monumentally corrupt or BOTH.

pereira4

legendary

Activity: 1610

Merit: 1183

Quote from: ingiltere on January 06, 2016, 10:18:33 AM

Quote from: bolivarcoin on August 11, 2015, 05:26:17 PM

These banknotes look like strip club money. Cheesy

Is there a strip club culture in Venezuela too?
I'm sure a lot of countries have similar thing with the smallest banknotes. Our range is 200 for example. Smallest banknote is 1 unit and the biggest is 200 units.

Sex and drug must be pretty much rampant on there. When an economy is wrecked, people will do whatever it takes to get a better life quality. For those of you considering moving to "live like a king" you are crazy honestly. Too many thugs and desperate people. You don't need to be rich, just a middle class guy from the western world must be a target for robbery there. I would rather stay broke in a safe country.

Farma

legendary

Activity: 2492

Merit: 1001

Leading Crypto Sports Betting & Casino Platform

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 Sad

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: ayesha201009 on January 06, 2016, 08:43:13 AM

Quote from: bolivarcoin on August 11, 2015, 05:26:17 PM

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

Seems an historic image from Weimar republic, or the thrillion dollar banknote from Zimbabwe.
I hope venezuela people could improve the btc adoption more faster then other countries.

Well seeing all the problems that Venezuela has right now I doubt their concern is about bitcoins, give them time and yeah they might adopit bitcoin but definitely not faster than other countries.

Financial_Genius

sr. member

Activity: 364

Merit: 250

Holy....so much toilet paper.

ingiltere

legendary

Activity: 2982

Merit: 1485

Quote from: bolivarcoin on August 11, 2015, 05:26:17 PM

These banknotes look like strip club money. Cheesy

Is there a strip club culture in Venezuela too?
I'm sure a lot of countries have similar thing with the smallest banknotes. Our range is 200 for example. Smallest banknote is 1 unit and the biggest is 200 units.

HarizDB

member

Activity: 98

Merit: 10

I could imagine the Venezuelan economy nowadays rely on other currencies, such as the US dollar or even on barter deals in the population. Maybe there are some other local South American currencies which are beeing used in Venezuela.
This is a good example of what hyperinflation gets you.

hawkins

hero member

Activity: 1204

Merit: 500

I can only say wow,, it was a lot of money to me, whether it looks very much for them? if you have money to many like it in dollars, not in doubt, you can become a millionaire Shocked

ayesha201009

member

Activity: 145

Merit: 10

Quote from: bolivarcoin on August 11, 2015, 05:26:17 PM

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

Seems an historic image from Weimar republic, or the thrillion dollar banknote from Zimbabwe.
I hope venezuela people could improve the btc adoption more faster then other countries.

Raimonn

legendary

Activity: 1470

Merit: 1001

That is one of the problems of governs that print money without control, the value of the products go up, and your money decrease as fast as new printing of higher notes. In this countries you can have very high value notes (with a low real price). Or big amounts of notes that cost more to print than its real value.

icem3lter

sr. member

Activity: 281

Merit: 250

Man, if the Venuzvalen government prints anymore money they will be paying more for the paper than the value it holds Grin

Why does the government not print larger values onto each bill like this:

It would be easier carrying around.

btckold24

sr. member

Activity: 434

Merit: 250

★Bitvest.io★ Play Plinko or Invest!

holy crap you must need a huge wallet! lol

How do you carry it all around when you need to buy something large? impossible to
fit in a wallet / purse.

amalref

member

Activity: 98

Merit: 10

Quote from: tel on January 04, 2016, 05:01:42 PM

HAHAH

tel

member

Activity: 77

Merit: 10

HAHAH

amalref

member

Activity: 98

Merit: 10

Hire some bodyguards Cheesy

problem solved Cheesy

SebastianJu

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Quote from: Amph on January 03, 2016, 10:31:23 AM

there is a high activity of criminals, there i won't go there no matter how much is low cost the life there

I see the double meaning. Life is low cost in what you pay for living there but life is low cost, you can be killed for nothing.

I would not risk something immense valuable like my health or even my life only for some weeks of saved money.

BellaBitBit

hero member

Activity: 756

Merit: 500

That is incredible to see in that form. This clearly indicates that Bitcoin is a solution to this! Thank you for sharing this and putting it into a deeper perspective.

Lucius

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I watched a documentary about Venezuela, and life is there really difficult.People are literally fighting for life every day.One of the more profitable types of earnings is smuggling fuel to Colombia,which is very dangerous, but it can make good money.I saw a story about people who have moved into a huge unfinished apartment building and there even start a small manufacturing facilities.With so many desperate people it is a very dangerous country to live.

Topic: This is how 0.037 Bitcoins looks like in Venezuela - page 2. (Read 31697 times)