/biz/ - Business & Finance

>>19083384
What lol

>>19083384
hey alright

>>19083384
its 100% larp up until you provide links/pics

>>19083384
>Argentina
Imagine giving a fuck about a shithole country

>>19083395
You can sell btc here for 17k usd , buying cost is now above 20k and rising fast.

>>19083384
>here in Argentina
Why haven't you left yet?

>>19083420
Link or shut the fuck up

>>19083411
Check localbitcoins we broke the ath and it's still rising.

>>19083419
BTC price is rising fast in places with capital controls due to the absurd demand growth.

This is insane we just broke the ath price , usually when the prices in shitholes with capital controls grows too much compared to the international price it signals a scarcity of btc in the market.

When the price is too equal it signals the international price is overinflated.

This time it's signaling a massive scarcity since we just broke the 19k ath of december 2017.

>>19083384
https://localbitcoins.com/instant-bitcoins/?action=buy&amount=&currency=ARS&country_code=AR&online_provider=ALL_ONLINE&find-offers=Search
14/15K USD

>>19083435
https://localbitcoins.com/instant-bitcoins/?action=buy&amount=&currency=ARS&country_code=AR&online_provider=ALL_ONLINE&find-offers=Search

https://www.bloomberg.com/quote/USDARS:CUR


it's rising fucking fast wtf.

>>19083384
that's not true. in no way in lebanon it is 20k, capital control does not fucking inflate the price of a shitcoin, why would it? can someone explain to my retarted ass?

>>19083443
14517.51 cheapest. 10.2k in the US.

>tfw ive missed the BTC train so many times I dont feel anything anymore
Nit gonna make it

>>19083443

>>19083384
conchatumare

>news
argentina,lebanon,iran, venezuela
all the dictatorships where the govt is trying to control bitcoin officially by blocking all the exchanges
BTC is always sold there at premiums
lucky argentinians

>>19083450
ignore paypal price since capital controls does not allow that , those are international sellers, check the bank wire buying cost.

Or the cash at local cryptos.

>>19083459
Because with capital controls you can't buy stuff outside your country with bank wires or credit cards.

Bitcoin becomes the only payment method to buy shit online or capital flight.

So since people can't buy at international exchanges they depend on the local supply , also the demand is not speculative since people buy btc to buy stuff not to speculate.

So it gives a pretty good street price of crypto relative to international exchanges prices whose prices are kind of manipulated short term.

This is insane we broke the ath already , it was 12k 48 hours ago.

>>19083466
Cheapest with paypal . you can't buy with paypal since those are international sellers and there are capital controls.

This one is the cheapest

https://localbitcoins.com/ad/1043372/comprar-bitcoin-transferencia-bancaria-argentina-argentina

18.6k usd and all exchanges are above that already.

>>19083514
So when is btc going up internationally?

>>19083476
>Buy 1 btc at international exchanges at 9.7k
>Sell it here in Argentina at 18k

oh wait there are no flights to take back the money and due to capital controls you can't send it with banking services.

>>19083443
Damn, even ETH being sold at 2x prices.
gg Argentina

>>19083534
Usually it happens a week or two before the price disconnects in places with capital controls.

For example when btc was 4k a month ago it was 9k here and then eventually the international price recovered.

Now it's 20k here and 9.7k internationally so you get the idea.

I noticed the international price collapses when the local price here becomes equal(since it probably signals a surpluss of coins in circulation).

So in 2018 we saw local prices at 5.9k and then international at 6.1k.

Then the price collapsed to 3.2k.

So you get the idea.

>>19083443
>lowest price on there atm is 14k

pretty nice

>>19083559
There is a lot of demand for crypto due to capital controls.

But it seems the supply is disappearing fast.

I mean all it really means is that the argentinian peso is plummeting

>>19083566
Isn't there supposed to be runny diarrhea in that image? where's the runny diarrhea >:(

>>19083566
pretty based market indicator.

>>19083602
u have a fetish orsmth?

>>19083587
Yes it also signals that but even so it's going up in dollars too.

Buy 1 btc with pesos one month ago and you doubled in dollars now.

There must be a serious lack of btc in circulation right now maybe the local supply comes from local miners.

No idea but this is why it would be interesting to see what's happening in other places with capital controls.

>>19083384
Dude, can you find me a decent appartment not far from the coast to buy for 5 btc? I'll come there

>Sell your bitcoin in argentina
>get stabbed/shot/murdered

yeah sounds like fun

>>19083459
OP is looking at Lebanese dollars. I'm going back to bed. Maybe take a nap too?

>>19083634
Yes you can get a good appartment in a coast for 5 BTC.

Probably in a comfy city like mar del plata or miramar or others.

>>19083384
>Argies
Stop coveting British clay

>>19083634

>>19083613
>maybe the local supply comes from local miners.

I too support only locally mined bitcoin, organic bitcoin is the way to go desu

>>19083680
Well the thing is that if you mine here you sell at a surpluss due to the fact that people can't buy to international exchanges.

If the supply was locally mined then the halving effect will happen first here.

>>19083611
no >:(

>>19083701
Sure but anyone can sell to localbtc in argentina

that said the people most interested in selling there will be argentinian miners who actually have a use for those pesos, I imagine it's a pain to convert them to usd for other miners (or else this would be a great arbitrage opportunity)

>>19083796
Yes the capital controls made that hard you are right.

But still you can still cash out here in fiat usd so you get the idea.

>>19083813
so what you're saying is we should buy btc now?

>>19084594
I think we will see a massive pump in a week or two if this continues.

>>19083419
their women are like Cherubim. I care.

WOW SHITSKINS AND ZOOMERS ARE BUYING BTC ITS SO BULLISH

> $10k difference

So this is the price of not knowing how to use a VPN

Interesting thread

>>19083420
Where can I sell for that much? I only ever used st but I know those kikes have a massive sell-buy gap. Also how do you deal with the afip jews.

>>19084734
this
why is nobody arbitraging this? can't argentines do international bank transfers??

Is there any way for other people on Mercosul countries to sell their btc to Argentina, on terms of the agreement? Because Brazil is fucking huge and has a lot of crypto. If this is possible and the fact becomes known, Brazilians jumping on the wagon could affect the international value drastically, since it's millions more people than in Argentina.

>>19084782
Think of a country with a 1970s level of technological advancement mostly populated by subhumans where the richest and most intelligent are belligerent criminal arsehole conmen who think they're european. That is Argentina.

>>19084782
>this
>why is nobody arbitraging this? can't argentines do international bank transfers??

No, the government controls capital flow in and out of the country and forces everyone to use their garbage currency

>>19084844

What if we go there sell BTC and smuggle out diamonds in our anus

>>19084864
Excellent we will bring our fursuits.

1$ used to be 1500 lebanese pounds, it's at 4500 now and keeps rising. i don't know if i should buy btc or just stick to converting my lbp to $ & wait

>>19084844
Body scanners can detect that shit and why would you want to visit that shithole?

Argentina is not even real

>>19084942
Buy crypto. USD is already depreciating in burgerland. Everything is slowly creeping up in price.

is Argentina comfy? Could a white burger live there?

>>19083443
>When the price is too equal it signals the international price is overinflated.
Where can I check for comparison bro?
This thing is useful as fuck when it comes to ''know when wo sell''

>>19084844
>No, the government controls capital flow in and out of the country and forces everyone to use their garbage currency
so what is stopping me from getting on a flight to buenos aires right now with my ledger full of btc and selling it for their currency, swap it back to euros, or even gold, and fly back in business class? And corona-chan is not an excuse because there are still technically flights, and this happened before in 2017 before corona.

>>19085055
Corona-chan, travel restrictions, and customs telling you to unlock your flash drive. Also you would have to find somebody willing to buy immediately and exchange dollars immediately. and then you fly back to your home country and find out you have to pay taxes on your cash because you're importing more than $10,000

>>19084992
Can you BELIEVE the price of Mt. Dew oh my GOUUUUUD

>>19085166
That’s why you trade BTC against gold and avoid cash all together

>>19085166
Swap for a different crypto, exchange whwn you get back home. Fuck cash. There is literally no need for it any more

Ezpz

>>19083384
>be foreign country with debt denominated in dollars
>economy in the shitter due to corona and pre existing conditions
>can't repay dollar debt, local currency devalues
>normies et al. put money on the two things they can get their hands on easily
>crypto and gold
The more economies go bust, the better for crypto and PM

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

Bitcoin will never succeed long term lol, but keep buying low iq idiots. Keep buying my bags that I bought at $2k

>>19085027
Never been to san martin but that looks nigger tier. Go live in palermo, recoleta or in the suburbs to the north (san fernando, san isidro) if your want to be with white people. And remember, money does not necessarily equal whiteness, puerto madero is the most expensive but it's full of new rich niggers.

My God Crypto holders are retarded.

>>19086076
My God currency holders are retarded.

>>19086076
there are fewer and fewer people sitting in that sinking boat you're in. It's not too late to swim to shore. You will have to make an effort though to understand the decision, or you can keep being a fucking retard.

>>19083566
>Usually it happens a week or two before the price disconnects in places with capital controls.
what do you mean with ''disconnects'' bro?

>>19083384
Its not 20k you retarded negro. Its 10k usd in cash.

However you get those usd is your problem. The official price is 69 but you need to add a 30% tax to it, making it 100 pesos. There is a top of 200 usd that every citizen can buy monthly.

After those 200 usd that the banks sells you legally, you have to buy them on the streets (blue dollar) for 135 pesos.

This retard is grabbing the price of btc in pesos x blue dollar, then counting how many dollars it costs with the official "69" price. Like how they make gullible people think a can of Coke is 1000 usd in Venezuela.

tl:dr its 10k usd.

>>19083476
>shitcoins up
>silver down
>during a depression
This is it, the peak clownic timeline. Nothing can be more clown and nonsensical than this, kali yuga reset imminent, buckle up frens.

Forgot to add that there is a shit ton of physical exchange places where they buy and sell btc. Its the bitmax price in USD +3% the commission for buying.

BUT if you dont have usd, they will sell you the usd at 135 pesos each because the government doesnt sell more than 200 monthly per person.

>>19084687
Go back to your little thread, also its 25 year old boomers buying rn

GNUS doing real work right now, feeling bad for EMAN bagholders who I just ripped off during the conference call

>>19084702
Capital controls, not internet controls. Sit down idiot

>>19083487
So a bunch of irrelevant shitholes? Bullish!

>selling btc for Argentinean pesos
don't

>>19083662
It comes with a free bullet to the head

>>19086608
Its not tho. If you have 10k usd in cash you can buy only 1 btc.

>>19086076
been shopping lately ? noticed anything funny about food prices ?

>>19086724
That I still can’t pay for my groceries in crypto, just like last time I asked and they called the cops on me?

>>19086783
Sell just the amount you need for pesos and buy groceries. Also a lot of shops accept btc these days.

>>19086783
room temperature IQ

>>19086783
imagine just for a minute when the country currency can no longer be use to measure goods, here u have this perfect borderless international currency that can be traded anywhere!

>>19086875
Except that the basis of this thread is that currency arb doesn’t work when you most need it. See >>19085166

>>19086954
it does work if you mine monerujos exchanging electricity for crypto.

>>19083443
You're full of shit. Brazilian local bitcoin is around 9,900 USD

>>19087208
I’m just saying what fucking good does it do me if I don’t live in an irrelevant shithole with a tendency to default on the national debt every couple of years?

>>19086608
How does capital flow? Are you retarded or are argies this behind in technology that they don't know how to use internet to move money?

>>19083662
argentina bro, my dream is to retire in ushuaia
how much is can I buy a cheap home there?
I just want to buy some pan in the closest panaderia, maybe a few empanadas and hike all day till I die.
>literally one of the most beautiful spots on earth

>>19087288
They get wages paid into a government monitored bank account. They can withdraw the money as cash and then what? A VPN lets you teleport physical pesos?

>>19087230
Brasil does not have capital controls.

>>19087313
We have pretty good places a house could cost 100k usd here tough probably less in this crisis.

That said i don't know usuahia but we have a lot of comfy places like bariloche , usuahia , the delta of rivers north of buenos aires.

Cost of life is cheap if you have foreign currency or crypto.

>>19087288
>How does capital flow?

It flows inside the country from exports and the government give local currency to exporters and in reverse it simply does not flows because the gov lack foreign currency so they don't let you do wires to other nations , credit cards are extremly limited now and imports need to be allowed by hand by corrupt fucks.

what kind of failed banana shithole is argentina lmao

>>19083419
>>19083424
Fuck off mutts, humans are talking here.

>>19086659
Ok amerimutt.

>>19086475
>feeling bad for EMAN bagholders who I just ripped off during the conference call
what happened during conference call

>>19086387
You got meme'd on by rockheads.

>>19087288
What kind of communist shithole is this? Let's say you want to go to another country for the holidays, how do you pay?

>>19083487
>BTC is always sold there at premiums
>lucky argentinians
why do you say they are lucky if they buy btc at x2?

>>19083493
Anon do you use only Localbitcoin Argentina to watch the price of btc in Argentina?

>>19087683
was meant for>>19087441

>>19087802
I already explained how this retard got to the 20k price. Its not 20k usd. If you sell 1 btc you get the regular price of around 10k usd in cash +1% towards you. So 10.1k if the price was exactly 10k.

We just cant buy usd through legal means. But if you have 10k usd you get 1btc. And if you have 1btc you get 10k usd cash.

>>19083538
Would I be able to buy land there for bitcones?

>>19087941
Similarly, could I buy one or more young women there (think 17-19 age range) for btc? Send me some pics. No clue what arggie women look like.

>>19087441
How is Brasil? Is it like mexico? Do I have to worry about getting murdered in nice areas because I am white? Please forgive my american education.

>>19083443
>Check localbitcoin

it says 10k for me

>>19088006
Its for everyone. See my previous post
>>19086361

>>19087962
Argentina is kind of stuck in 2008
>You can see emo scene groups, skaters, 2000's britney copycats
>Linking park is still the shit
>Rock and metal are still relevant, no gucci gang trap shit
>people are still nice and not as self absorbed

>>19085640

Argentina as a hole is a shit country that is unable to pay their debts.

Full of Spaniards/Italian descendants who look down on the rest of SA but are poor as shit

>>19088124
Sounds like paradise

>>19083420
>You can sell btc here for 17k usd , buying cost is now above 20k and rising fast.

I have 2 BTC... so I can make an account on local btc argentina and sell them at x2... then buy back in EU?

Who could eventually stop me from doing that (beside the law) ?

>>19087962
>get okcupid
>set your location as beuna aries
> flip through them cus
> some of them are mixed
>some of them are white enough and look cute

>>19083384
Why would the value of a decentralised cryptocurrency vary with geographical location?

>>19088782
BTC is neither decentralized not a currency

>>19083384
>ARGENTINA
sauce

>>19088321
No you stupid fuck.

I WILL EXPLAIN IT FOR THE LAST FUCKING TIME.

>1 BTC=10K USD CASH IN ARGENTINA
NO MORE NO LESS

Now the Argentinian citizen has limitations on where to get usd. They can buy up individually up to 200 usd monthly at the price of around 100 pesos each (69 x 30% tax). Above the 200 usd monthly limit the buyer has to go to the black markets and pay them at 135 pesos for each usd

NOW HOW THIS RETARD IS GETTING THAT NUMBER?

He is watching the price of BTC sellers who sell 1 btc for 10k cash usd, and converting those 10k usd to Pesos at black market usd value. Thats 1.35 million pesos. Then he divides that for the official price of 69 and he is getting an absurd price of 20k usd per bitcoin.

THERE ARE NO 20K USD BITCOINS HERE. ITS SOMETHING STUPID LIKE BRINGING 10K USD CASH AND EXCHANGING IT FOR 20K USD CASH. ITS NOT HAPPENING


GOD DAMN FUCKING NIGGERS

>>19083384

FUCKING RETARD

>>19088853

OP IS A RETARD

>>19083473
Literally me>>19083476

>>19083384
Argentina is a dead market. You shitcoiners are obviously retarded but you are hitting new lows lately.

>>19088853
Maybe you are telling me that because you don't want competitors in this arbitrage battle

>>19088853
>Thats 1.35 million pesos. Then he divides that for the official price of 69 and he is getting an absurd price of 20k usd per bitcoin.
Didn't understand this part... why /69?

>>19083384
no it didn't, it just means the official usd price is fake

>>19090549
>the official usd price is fake
why?

>>19083384
I will my bitcoins sell to you you for 15k please sir

>>19091566
you wouldn't get it

>>19091566
because you can't actually exchange dollars at that price.

>>19083384
Who gives a shit about Argentina.

Their economy runs on hopes, fantasies and distortion. Not too far off from North Korea.

>>19091845
so why do they set that price?

>>19092051
to pump their dollar debt ratios

who would be retarded enough to buy BTC right now?
anyway, I don't think you can do much with the price differences. you simply can't get dollars out of the country right now, unless you buy in the black markets at 2x the official price.

>>19086293
differs in value from the price established by the government

>>19083407

>>19088853
and with that reveal, the crypto market dropped 2%

>>19083419
post flag

>>19083645
wait a minute is OP in need of liras, argentinian , fresh usd ?is he lebanese?

>>19084942
hey lebANON, how much btc are you thinking of buying

>>19092994
the governament extablishes a price for a foreign currency?

>>19093299
yep, for the US dollar, which affects all other currencies
if you find a way to sell USD at black market price and get USD at official price (that is, more $$ than what you are allowed by the govt), you can make a ton of money, though.

>>19093449
who does this exange?

>>19083419
Sociopath detected.

>>19090056
because that's the government (ie: bullshit) price

>>19093449
you can't, which is the entire point, only a very few amount of people can get official dollars which is why the real price is 135 argie pesos to the dollar