Author

Topic: Venezuelan Economy (Read 529 times)

legendary
Activity: 1218
Merit: 1003
April 14, 2015, 03:36:01 AM
#3
How can I use Bitcoin to take advantage of the economic unrest in Venezuela and turn a profit? I'm not interested in any kind of trading exchanges.
You could buy Bitcoin now, wait for the S to hit the fan, then sell bitcoin at massively increased rates when people are desparate to get their money into anything other than fiat.
There are no guarantees that people will flock to bitcoin though.

It is not exactly the initial thinking behind bitcoin either. If you asked how you can help people in Venezuela, then it would sound a bit better, rather than trying to exploit them when they are down!
legendary
Activity: 1386
Merit: 1016
April 14, 2015, 12:24:30 AM
#2
Yes, but you need to buy early. Otherwise ppl rush to buy it, gov will ban it. You will have no source to buy it.
member
Activity: 110
Merit: 10
April 12, 2015, 06:19:54 PM
#1
How can I use Bitcoin to take advantage of the economic unrest in Venezuela and turn a profit? I'm not interested in any kind of trading exchanges.
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