/biz/ - Business & Finance

>>20058174
oh theres no flags here, im from Lebanon

Maybe you should destroy hezbollah

>>20058174
Are you from Libya, friend?

>>20058185
god willing brother

>>20058174
Is Bitcoin banned there?

>>20058174
Concert a large chunk of your savings to BTC, silver or gold. Have some in USD too. Good luck, friend.

>>20058183
fuck off back to pol, we hate paper money here and fiat, YUK you filthy fiatter gtfo our chainlink board

>>20058183
Did you make a thread on /pol/ yesterday?

>>20058174
Why?

And I wouldn't worry, even the west currency is being devalued by inflation in the past 6 months.

>>20058222
yes with pic related, small world huh

>>20058185

Hello Chaim

>>20058183

I could tell by the cedar on your fucked money.

>>20058174
You did already one thing right: Burning down the Rothschild bank.
Next step, buy some Chainlink.
Then wait.
Or get gold and Dollar.

>>20058174
I think its obvious. Try to keep as little of your shit currency as possible. Change all you got to Dollar/Euro/Rubel/Gold/Silver whatever you can get, tell no one about it and life like a king if inflation gets worse

>>20058174

How does this work? Do all the stores raise the loaf of bread by 6X?

>>20058271
i can only withdraw funds in local currency from bank.
if i want to transfer LL to $ at an exchange shop, i need to declare why i need the $, and im limited to 200$/month.

give it to me straight, how fucked am i?

>>20058271
Imagine if he just bought RSR. You can buy Beirut soon.

>>20058296
bread (wheat and oil) is backed by the government and has been fixed at 1,500LL per 900 grams of bread.

its now 2,000LL per 900 grams, regardless of govt. backing

>>20058309

Buy BTC

>>20058347
online transactions limited to 20$/mo

>>20058364
Could you use some sort of VPN? I dunno if that would work

>>20058383
the money is coming out of my bank account regardless, also, paypal and similar shit is banned lol

>>20058309
No other ways? Like a local gold dealer? Or buying Bitcoin online? Storing tons of rise in your backyard which you can sell later? Literally EVERYTHING would be better than keeping an asset that is losing value this fast

>>20058309
You are fucked yes. Geopolitically, Lebanon is too volatile. The longer you stay, the worse off you become. Take all you have and get the fuck out. Capital controls will never be lifted from Lebanon. There’s no future in lebanon. You speak French? You have a degree? Go to France. At least go abroad to a country like Saudi or something where the currency is stable. Tomorrow, your entire assets liquidated may be enough just to buy ratshit. Good luck

>>20058364
That's fucking nothing, max it out anyway.

>>20058383
Try this, use one with a cancelable free trial if it doesn't work.

>>20058414

>>20058402
my $ is in the bank, the bank refuses to give it to me in $, the bank gives it to me at local currency at 3,900 LL

>>20058174
if it's not too late i'd buy all the precious metals i could find. guns & ammo (black market if you have to) lighters/safety matches, cooking oil, rice or equivalent cheap and shelf stable food. good luck

>>20058174
if you could afford it i would maybe get a plane tickets for you and your family first thing out of the country. even if you end up broke in a foreign country it's gonna be better than being broke and home in a shithole. you probably don't have any good options

>>20058309
>limited to 200$/month
>>20058364
>limited to 20$/mo

you are fucked.

>>20058457
Sorry anon. Unironically, Lebanon needs to be split among Christians, Sunni and Shi’a. The refugees in Syria, Hezbollah and Saudi Arabia’s interference have destroyed Lebanon.

>>20058309
>>20058364
anon i'm so sorry. get out fast while you still can. if you can't afford to bring your family with you, you must still go, so you can send better currency back home (you should still stack precious metals, things can get bad wherever you go)

>>20058414
This. One way ticket to europe amigo. Ideally the US. Europe is a shithole compared to burgerlandia.

>>20058575
i have family in UK, US, Germany, and Canada.

ill find a way out inshallah

>>20058174

Can you buy anything fungible? Jewels?

>>20058618
but its not "family" as in that they can sponsor me, so maybe im fucked idk yet, imma finish my degree and head out

>>20058174
What you do is get a lot of your country's bank notes, I mean like a trashcan full, also get yourself some elmer's glue, or whatever kind of glue you guys have over there. Ok you still with me? So you glue notes all over your naked body until youre absolutely covered beyond recognition, then you take some of the remaining bills, a decent wad, and shove it half way up your ass, you need to ruffle the bills apart from each other as to give it a feathered tail look, and walla! You are now a money bird man in your native currency!! You have officially made it!!! Thank you come again.

>>20058618

We have a lot of Lebanese here in Tarrant Co, TX. I'm sure we could use another Mediterranean restaurant.

>>20058174
put all your money in bitcoin you fool

>>20058655
going to US is virtually impossible, way harder than republicans make it out to be

>>20058649
this is why nobody fucking likes you

>>20058271
>protect yourself from inflation
>life like a king if inflation gets worse

thats not how inflation works

Lmao I laugh at black lives matter but American privelege is REAL. Foreigners in countries like Lebanon cannot just freely exchange their money for shit like USD or gold or silver or buy a plane ticket somewhere else. That shit is outlawed or taxed or confiscated by the authorities.

>>20058686
Don't knock it until you try it. OP is pretty fucked, he just needs to get out of there somehow. God bless him.

>>20058725
in syria, its illegal to hold physical $ currency if you have no reason to (business etc...)

all $ has to be goverment controlled.

and its gonna be the same for us soon

OP your best bet is to somehow gain employment by the government.

>>20058472
Well, you are fucked I guess. Try to save as much of your wealth as possible, even if its just a small number. You might even need to buy/ trade for random shit (which at least keeps its value) to do this. Cigarettes were used as a currency in post war Germany for a while for example.
Other than that, cut your losses and good luck fren

>>20058174

I got an idea.

Can you acquire a gun and a car?
Drive to Israel and rob as many as you can in a hour then leave.

We give those guys lots of money.

>>20058790
They have strict gun laws in Lebanon, that's why it might be in his best interests to join the government/military. If things get too crazy he can run.

>>20058833
Into a hail of bullets

>>20058833
nah i can buy a gun easy, black market is huge and has no regulation

https://youtu.be/XxumsOQMxLE

>>20058850
Lmao no. There's plenty of people in the past who have done similar things. It might be a risky move but trying to lay low as a citizen in a increasingly totalitarian government could be even riskier. If he can leave he should asap.

>>20058649
>>20058727
thats it nigger anything you post im commenting on. im fucking done, you were doing so well.

>>20058850
Well then you do that and don't get caught. (((Google))) made it seem like you can't get shit there.
I'm a burgerstanian, I'm becoming a little more nervous since Europe declared they want to ban travel from burgers.

>>20058877
delete your trip or stop posting

>>20058894
Shut up and read my other posts. I was just being a dick, I know, I'm sorry. I didn't realize the gravity of OPs situation before I made my stupid joke. I'm bored, give me a break.

>>20058910
based

>>20058918
delete your trip

>>20058850
And what about travel? Are you allowed to leave?

>>20058174
Do you have any bitcoin?

>>20058942
Delete. Your. Trip.

>>20058174
OP, post your Bitcoin address. If you don’t have one already, then make one and back up your seed phrase/private key and post the public address in this thread.

>>20058174
Buy gold & silver asap, mon ami.

>>20059003
im a newfag to online currency, i dont think lebanon has any infrastructure for bitcoin, idk how to buy how to make an address how to withdraw funds etc...

>>20058877
>>20058900
>>20058942
I'm not the OP dingleberry.

Hey, how do I get a Lebanese qt?
I have American citizenship. I want a Lebanese waifu. Pay up, Achmed.

>>20059070
can i interest you in some boy pussy?

>>20059054
Also, bro, let's get real, look at Venezuela.
Currency collapses are slow then the bottom falls out very VERY quickly. Do you want to pan the sewers for gold?
BUY GOLD AND SILVER
GET THE FUCK OUT
LEBANON IS LOST

www.telegraph.co.uk/news/2019/06/02/panning-sewers-venezuela-gold/

>>20059097
im trying bro, destination is Canada

>>20059086
Can you get ahold of any mercury dimes?

>>20059086
Fine, let your whamens be ravaged by the hordes of retards who haven't eaten for weeks at a time.
Now hurry up and get me a Lebanese gf.

>>20059070
Unironically, I worked with a 47yo Lebanese milf, could easily pass for 30s.
>>20059086
maybe you have a reason to stay?

>>20059070
but in all seriousness, 100$ can rent you a mansion in Lebanon for the summer, you can pick up ANY 10/10 girl if you wave your american Visa around, not exaggerating

>>20059153
If I go there is there any danger of being abducted?

>>20059153
Yeh but ur gonna have a civil war real soon. Go to /pmg/ about getting PMs.
Do you have your passport?

OP just buy something, ANYTHING of actual value as much as possible. Jewelry is a good option because it’s usually exempted from government bullshit unlike bullion or stuff like ciggies or booze subject to duties.

Whatever the maximum you can take out a week is, take that out every time and buy real shit with it. Even if you’re restricted, in the land of the blind the one eyed man is king so if you have the foresight to stockpile real assets of any kind that puts you ahead of the rest. Good luck!

>>20059181
no, you just need to know your areas, chayeh and dahye are a no go, but theres no reason for you to go there, go to the mountains, rent a Chalet, go to bars and shit, take your pick at 11/10 women, and tell them ur an amerifat citizen, theyll fall in love in no time

>>20059186
no actually i dont even have an ID card lol

>>20059228
uh oh

>>20059054
It’s honestly easy. Download a wallet like Atomic Wallet (it’s for desktop or phone), go to the Bitcoin (BTC) section and press receive. Copy the address shown and post it here.

>>20059211
Im sorry for my comment earlier, do you forgive me Lebanon bro?

>>20059267
yes

>>20059228
Okay, well I believe that's step 1.
Go do that now. I would imagine the passport office is overwhelmed due to (((COVID))) and other dumb shit.
Idc how long you eat rice for, get your fucking passport.
Then while you are waiting, protect your wealth and get gold & silver. Get security and wait until you can leave. But once you can, leave ASAP.
Be sure to get your family on board as well, but be ready to leave them behind as they might stay behind to save what's left. They might also think you're nuts, but if you're hellbent on leaving, then do it. Time is running out.


Why do you think they stopped travel?
All fiat currencies are going to collapse.

>>20059315
>and get gold & silver
dont listen to these retards telling you to buy gold and silver. military or armed groups can steal your gold, they cant steal your bitcoin

>>20059315
im not planning on travelling until next year when i finish university

>>20058174
>>20058183
FUCK ISLAM
FUCK ARABS

>>20059357
>buttcoins collapse
then what you dummy?

>>20058414
>>20058457

Stay in lebanon you brown fuck. Europe doesn't want you,

>>20059399
>gold collapse
then what you dummy?

>>20059569
>power grid collapse
>internet is disconnected
then what you dummy?

>>20058309
That sounds so similar to what happened here in venezuela. Is there a black market? If it isn't too high i'd rather buy $ there instead. Quickly. And consider leaving the country

>>20059357
Ideally you buy a few different assets so you're covered all round. OP sounds like a poorfag, but ideally you want

- gold and silver as savings, along with other valuable goods like cigarettes or booze (although PMs and the latter two don't cross borders well), jewelry
- food and shelter
- lead to protect the above
- bitcoin
- stonks
- cash because it's still what normies want, right now $US is still the king

>>20059644
yea im trying to acquire USD by all means

>>20058185
Shekelberg, no.

How did this even happen? What the fuck is going on in this crazy world?

>>20059717
>>20059717
Honestly your best bet is download the atomic wallet like the other anon said and buy as much btc as possible with your dollars. Can you go to any other country with rule of law? Lebanon is fucked monetarily.

>>20059749
>How did this even happen?
Yeah surely Muslims blowing each other off wouldn't affect anything. Dumbfucking retard.

>>20059378
What are you studying?

>>20059825
CS

JUST'd.

>>20059843
You can't do it online?

>>20059717
buy physical assets that depreciate slower than your currency, that way you can hold the value of the money

>>20059717
Crypto is good. I guess you can buy without limits, or at least they are higher than getting USD from the bank. Stockpile BTC as much as you can and learn some basic security for your wallet and stuff.

>>20058174
If you are valuing your money against the US dollar and want its USD value to be preserved, get yourself into ANY crypto through whatever local fiat gateway you can get. Then move that into a Binance account, buy the USDC stablecoin and save it on an Ethereum wallet. MetaMask can create that for you but you should backup the keys it gives you as soon as you make a wallet, save them to a TrueCrypt encrypted file and then copy it to a bunch of places/cloud storage. Make sure you buy a small minute amount of Ethereum too ($50-ish), as it's needed to perform transactions going forward.
Then swap that USDC for mUSDC at DeFi Money Market. This will give you an additional 6.25% annual interest on your USD. MAKE SURE YOU STILL HAVE ETHEREUM LEFT AS YOU WILL NEED IT TO CONVERT BACK WHEN YOU NEED IT.
I hope I could help fren, and do some of your own research to make sure this is a good idea.
>t. also in a shitholistan with a currency that has been tanking to the dollar

>>20058220
To back to Twitter
This is pols financial branch

My link stack is bigger than yours

>>20059933
Honestly, anything is good. Crypto/gold/silver... even diamonds would work. Anything that is stable.

>>20059315
Extremely based and Maloneypilled

>>20059717
Ampleforth, my dude, unironically

>>20059357

>>20059972
Oh and if shit has hit the fan so hard that you're not allowed to deposit to exchanges you can use OTC services to buy directly (at a premium). localbitcoins is the most popular (but kinda expensive) way to do this, but if you have patience you can also buy runescape gold and then sell it for BTC.

>>20059378
Good luck, bro.

>>20058618
You will die in the west, like the rest of the coward traitors

>>20059618
>internet is disconnected
imagine believing you can disconnect the internet

>>20059123
>>20059181
>>20059267
>>20059825
>>20059857
Delete your trip and stop posting

>>20058174
And they say crypto has no use case.

>>20058174
>>20058183
Alright bro, couple of options here.
You could go the "investor" route and buy bitcoin or ethereum, but my guess is you're most comfortable holdng dollars and are just looking to protect your savings.
First step is going to be buying bitcoin
not gonna lie I have no idea how to do this in your country. A quick search for "buy bitcoin lebanon" didn't come up with any great results. It looks like there is one Bitcoin ATM in lebanon somewhere.
Try and get Ethereum if you can. If you can't get Bitcoin.
If you can only get Bitcoin:
1.) Set up a new account on binance.com
2.) Send bitcoin to binance account (binance will show you how to do this)
3.) Trade for Ethereum
once you have an ethereum balance, install Metamask (firefox extension) on your phone or computer. Back up your seed phrase and keep it in a safe place.
Once this is set up, withdraw the Ethereum to your new metamask wallet. When the ethereum has shown up in your wallet you can trade it for ERC20 tokens which are pegged to the US dollar.
Buy a variety of these tokens so that you minimize exposure to any one of them having issues in the future.
I would recommend
1.) Tether (0xdac17f958d2ee523a2206206994597c13d831ec7)
2.) DAI (0x6b175474e89094c44da98b954eedeac495271d0f)
3.) TrueUSD (0x0000000000085d4780B73119b644AE5ecd22b376)
4.) USD Coin (0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48)
and
5.) Paxos (0x8e870d67f660d95d5be530380d0ec0bd388289e1)

You can acquire these tokens by directly trading them using https://uniswap.exchange or https://kyber.network
Remember to keep some Ethereum (at least 0.02 ETH) in your wallet at all times in order to be able to exchange or move the tokens later on (I have had tokens stuck in wallet before by not having any ETH)

And there you go, digital, unconfiscatible US dollars. You will have to reverse the process in order to spend them but this way your savings will be preserved.

Airy Airy Airy bi hazak ya OP
Wlak airy bi hazak ya bro
It will get better though, Layla Abdel Latif predicted it. All will be well I wish you the best man. I got tons of family and friends there. Sending them $$$s is great "fresh money" at least they won't starve to death. Have your friends and relatives send you $$$

>>20059153
>wave your american Visa around
Sounds like a really good way to get kidnapped and beheaded.

>>20058174
I knew it’s from Lebanon the moment I saw that tree on your cash.
Literally your forests are the pride of your country
Epic of Gilgamesh looking for wood is based on your region forests

>>20061645
lol, no. Lebanon isn't Morocco, Libya or even Syria.

Tons of love for Americans there and no one would dare harm and American

>>20061699
Do you know if there's a working Bitcoin ATM in Beirut? Looks like you guys can only buy $20 a month worth of crypto online, it would have to be a cash transaction

>>20061739
nope, BTC is illegal in Lebanon

>>20061802
>BTC is illegal in Lebanon
That makes things more complicated.

>>20061802
I dont speak Arabic but most of the arab bitcoin "exchanges" I found look like scams. OP said you guys cant leave the country yet, If I were in your position I would find out where the closest Bitcoin ATM was and buy as much as I could. With the bank currency controls you're basically fucked, it has to be a cash transaction. The other option is to buy Silver, Gold, Electronics, etc, things that hold their value and wont spoil or be easily destroyed

>>20061883
if BTC was legal in Lebanon, BTC would be trading at a new ATH just like when the cyrpiots pumped BTC back in 2012 only Lebanese have more money.

>>20062003
Dude, they wish it worked that way problem is if you have a debit or credit card issued by a Lebanese bank you couldn't withdraw more than a few hundred bucks a month! My friends in France had their family DHL credit and debit cards to withdraw daily but the banks caught up with them and capped their weekly withdrawal to a few hundred euros. It's crazy. The only option they have going for them is real estate. Anyone who can is buying real estate

>>20062052
Presumably you guys have Liras in cash sitting around? I know the border is closed right now but could you hypothetically go to Israel and exchange them for shekels/dollars at the border?

>>20058174
This is why I'm all in LOKI

>>20062124
>go to Israel
bro you just went full retard.

>>20062168
What choice do you have? Stuff your backpack full of liras and hope the IDF isnt in the mood for taking pot shots at people

>>20062191
Israel and Lebanon are hostile nations.

>>20061802
>nope, BTC is illegal in Lebanon
And?
>if BTC was legal in Lebanon, BTC would be trading at a new ATH
Riiiiiiight LMFAO a country that literally thrives on begging for money from other countries will make BTC reach ATH.

>>20058309
>keeps his money in the bank
>in a place with horrible inflation
>where he can only withdraw $200/month
aaaaaaaaa hahahahahahahahahahahahahahahahahahahahahahahahahaha

>>20062208
Yeah Israel is real good at making friends, I'm aware. Is there not even a border between Israel and Lebanon?

>>20058309
I wonder if you have access to monero in Lebanon.
One possible alternative to exchanging physical currency is to simply use the money you have to buy valuable stuff that stores well and can easily be sold in the future.
In the past this would have included things like paintings and Persian rugs.

I come from a German family, and during the Weimar era, my great grandparents buried a box full of jewelry in their backyard.
Isn't Lebanon famous for their Arak? Maybe you could stock up on Arak in the event that your country collapses and liquor snobs might pay double the price for a liquor that's no longer distilled.
Kind of like aged scotch

>>20058174
Ma elak 7al gher tshaghel tizak ya 7mar

>>20062285
The people who still have their money in the bank dont have many options. They can only take out $200 equivalent in Liras and can only spend $20 online per month. When you have to spend that money on food and bills you dont have much left to park in liquor. Obviously the smartest thing to do was get money out of the country months or years ago but knowing that doesnt really help anyone going forward

Alright ignore the ignorant shitbanese diaspora who have probably visited this shithole once in their life for 3 days and think it's heaven and ask me anything you need to know about cryptocurrency in Lebanon from someone who's been in crypto since 2012.

>>20062353
Right, that's why I think your best option to withdraw your daily limit and buy assets that don't depreciate.
You're clearly in a less than ideal situation.
There is no perfect solution.
You just have to do the best you can to scrape by.

>>20062366
Is there a way for people in Lebanon to buy Bitcoin either online or in cash? My thinking on this is that crypto is still too esoteric for the government to effectively ban

>>20062413
There are tons of ways to buy cryptocurrency here but the most popular way is a face to face meetup where the buyer gives fiat and the seller sends you your coins. You also need to be a bit creative.
The government here declared that cryptocurrency is illegal but they were vague about it. You can still access any exchange online without the need of a VPN, you just cannot use online banking, otherwise they'd freeze your bank account, and exchanges don't even bother working with them anyway.

>>20062486
Do you know how to use uniswap/kyber/metamask? The way I see it the easiest most familiar way to get money out of the Lira is to buy Ethereum and swap it for stable tokens

>>20058400
Cant you buy US T notes as investments?

Find a libian dealer/brokerdealer/investment firm that lets you buy US Tnotes and money market/money market mutual funds.

>t.CPA

>>20062584
>Do you know how to use uniswap/kyber/metamask?
Of course, but there's no need for that when you can trade on Binance without KYC.
>The way I see it the easiest most familiar way to get money out of the Lira is to buy Ethereum and swap it for stable tokens
Thing is, 0.0001% of the population know that cryptocurrency exists and you won't see people getting stable coins to save their money.

>>20058174
If my idea doesnt work, anyone have the blog from the Argentinian? You'll need to read up on his experience and buy what he says before the power grid shuts off and stuff. Good luck man.

>>20062694
>>20062584
The name of the blog you're thinking of is FerFal

>>20062655
>you won't see people getting stable coins to save their money.
would you agree that stable coins are the best way for most people outside of the US to preserve their wealth? You can hide an unlimited amount of stablecoins on an app on your phone or in a firefox extension. Much harder to hide physical dollars. What happens if the government makes dollars illegal? That's usually the next step. This has happened in Africa, Europe, South America. Predictable, really

>>20062765
Risky if you do not have a hardware wallet, but it is a good way if you're doing this short term and have found a way out of the collapsing country. When it comes to Lebanon, something way way bigger than sanctions and the local currency's inflation is happening and is about to come.

>>20062855
If Brent Johnson is right most fiat currencies will completely collapse
https://www.youtube.com/watch?v=2qTOWuL7Zco

>>20062257
you donkey, the LEbanese government is full of crooks, but Lebanese private citizens got money.

>>20061049
Hahahaha coom id.

>>20062961
>but Lebanese private citizens got money.
Yeah, 1% that went to Africa in the 80s to scam them. Lebanon is literally the lowest tier Arab country that exists. Fuck off back to r/Lebanon

>>20062992
I would argue that Palestine is even lower, but within a year that country may no longer exist.
I've never been to the middle east, and despite having Leb diaspora friends, I've always thought that civil war aside, Syria seems like an ok place to be, then Jordan, then the gulf countries, then Iraq, and then Lebanon

>>20063045
>I would argue that Palestine is even lower
Wrong. Palestine never had a chance at becoming a fully independent country to be looked at this way. Palestinians abroad thrive instead of *cough* forming mobs and gangs like we do *cough* in Australia, Germany, etc.

>>20058222
checked
>>20058237
yeah hey i remember asking you about gold

>>20058364
Get $200 cash from bank/ATM, pay 9 friends $22 to buy $180 of stuff for you online or transfer to somewhere else

>>20063189
Right, I get that, but Lebs don't do that in the US. Only in Australia(who knows why) and in Germany(a country where Arabs, Turks, and Kurds all form gangs, not just Lebs).
It's the attitude of "my tribe more important than my host country" that causes that kind of monkey behavior, it's not exclusive to Lebs.

>>20059186
based maloney. saved.

>>20058174
This no surprise Anon

We are likely to see Lebanon default on its payments in March after it has been downgraded deeper into junk bond territory by two of the three biggest credit rating companies on Friday. S&P Global Ratings cut the country’s long-term foreign currency rating to CC, which followed Moody’s Investors Service cut to Ca earlier in that day. That puts Lebanon among the likes of Argentina, Mozambique and the Democratic Republic of Congo, other nations teetering near default.
The yield on Lebanon’s Eurobonds that mature next month has skyrocketed to more than 1,000%. We are looking at a default which is virtually certain. We will see rising social unrest in Lebanon and the economy will contract further. This will only intensify the expanding global liquidity crisis as smart capital begin to take a honest look at the entire emerging market area. This is contributing to the Repo Crisis for many banks are becoming concerned about who is holding whose debt.

>>20058174
maybe you should use fake internet money as, you know, money.