[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 158 KB, 1200x675, VE.jpg [View same] [iqdb] [saucenao] [google]
15297638 No.15297638 [Reply] [Original]

1 BTC is around 150,000,000 bolivares. A month ago it was 85,000,000 Bs. Monthly minimum wage is less than 5 USD (it was 30 USD a year ago). 591 BTC were traded on localbitcoins in Venezuela last week (previous week was 562 BTC) which is around 76,492,000,000 Bs (all time high for Venezuela)

The biggest bank note is 50,000 Bs. which is less than 4 USD. You need to use debit and credit, bank transfer, cryptos and USD to pay anything.
This after 5 zeroes were shaved from the currency less than a year ago and 3 zeroes more 12 years ago. So it would be 5,000,000,000,000 Bs.

Sources:
https://coin.dance/volume/localbitcoins/VES/BTC
https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/
https://dolarsatoshi.com/

About the minimum wage
https://www.venezuelanews.net/news/260700087/the-president-of-venezuela-raises-the-minimum-wage
40,000 Bs. per MONTH plus 25,000 Bs. as food bonus, total 65,000 Bs. per month. Around 4 USD at street rate and 5 USD at official rate.

Bitcoin is thriving where people need it the most!

>> No.15297664

>>15297638
And yet people like Craig want to dump BTC over some ideological purity issue and fuck all these people in need over. The ones Bitcoin was invented to help.

>> No.15297699

>>15297638
This shithole just needs to be annexed already lol.
>literally the most oil rich country on Earth
>still fuck it up this bad
How stupid can they be? Jeez.

>> No.15297736

>>15297638
This is what you get for trying to escape US hegemony

>> No.15297746

>>15297664
>And yet people like Craig want to dump BTC over some ideological purity issue
>he believes in Muh Trust
Anon if you can't identify a basic conman yet you are in trouble.

>> No.15297782
File: 2.77 MB, 1440x2126, Screenshot_2019-05-17-18-54-02-1.png [View same] [iqdb] [saucenao] [google]
15297782

>>15297638
Argentina is the next venezuela, just wait a few months

>> No.15298051

>>15297638
who?

>> No.15298098

RSV launching in Venezuela this week

RSV launching in Venezuela this week

RSV launching in Venezuela this week

>> No.15298113

this is now an RSR thread, get in or get OUT

>> No.15298131

>>15297638
Is it a good time to buy the dip?

>> No.15298207
File: 29 KB, 500x332, minimum wage silver quarter.jpg [View same] [iqdb] [saucenao] [google]
15298207

>>15297638
What is the silver situation in Venezuela?

>> No.15298224

>>15297638
This could confirm that incoming global economy crash will make BTC moon

>> No.15298225

>>15298207
This is a good question wtf happen to those niggers holding metals