/biz/ - Business & Finance

[Anonymous No.10620144]

So, let me explain to /biz/, which is mostly oblivious to the world as a whole, why crypto is going to explode over the next ten years, and why Latin America is going to spearhead the whole thing.

1-) Crypto is already popular in Venezuela and it will only get stronger as refugees try to send resources to their families stuck with Maduro.
https://qz.com/1300832/bitcoin-trading-in-venezuela-is-skyrocketing-amid-14000-inflation/

2-) There is not only a cryptocurrency movement gaining more strength each month, but also an explosion of libertarian ideas.
https://www.forbes.com/sites/kenrapoza/2018/05/30/more-people-opening-crypto-trading-accounts-in-brazil-than-traditional-securities/#1d1bd2817e21
https://panampost.com/editor/2017/01/24/brazils-growing-libertarian-movement-could-be-just-what-the-country-needs/

3-) The same things happening in Brazil are happening in Argentina, even if the whole thing is a bit weaker. However, as their economy gets shittier, adoption should increase.
https://www.coindesk.com/bitcoin-day-proves-argentinas-crypto-love-alive-well/

4-) Buda.com, a Chilean exchange, is expanding all over South America. Foxbit, a Brazilian exchange, has plans to do the same.

5-) Central America is already thriving with crypto-startups, you can get citizenship in some countries using nothing but BTC, tax havens should be more crypto-friendly as to attract more capital.

6-) Argentina is already bankrupt and its people have no faith in their currency, the same is about to happen in Brazil (2-3 years), there is a strong movement in Chile to oppose the rise of socialism in their government, Venezuela and Colombia are already dealing with what is basically a civil war and the middle-class is seeking refuge in crypto. As the problems in those countries, that are the most influential in the region (Mexico is irrelevant, being totally controlled by the USA), only increase, their currencies will plummet and adoption will skyrocket.

[Anonymous No.10620168]

Also, Project Nimizuela.

[Anonymous No.10620179]

>>10620144
no matter how much information you post people will keep buying high and selling low

[Anonymous No.10620185]

>we will 10x because of the third world
subtle trolling

[Anonymous No.10620203]

>>10620144
Bitcoin is an United Nations project designed for wealth transfer, BTC going to 1 Million is inevitable. It must happen so East can flip the west. Its unironically the age of the flippening.

[Anonymous No.10620254]

>>10620185
You brainlet. What's going on in the third world is an example of how useful crypto can be when your country's fiat currency collapses. Nobody is implying the third world will be driving the price up.

[Anonymous No.10620280]

how much link do i need to buy a argentinian trophy wife?

[Anonymous No.10620725]

>>10620144
This is also why coinmetro is quietly setting up latin american offices. Conehead is a visionary

[Anonymous No.10620756]

>>10620254
Software doesn't care where it's launched or what government you pay tribute to. Borderline geniuses are being given an economic voice all over the globe with the availability of information due to the internet.
It only takes a few 10xers and they can be randomly strewn everywhere.

[Anonymous No.10620758]

>>10620144
This desu, I want to wait for shit to hit the fan before I consider moving anywhere outside of the US, but my plan it to keep injecting fiat until I make it by US standards then move to the argentine and live like a God king

[Anonymous No.10620771]

>>10620203
satoshi is american tho

i bet you over 50% of btc is in american hands one way or another

[Anonymous No.10620798]

I'm doing my part in Uruguay, I have a project that will make me rich and will make big sectors of the economy to force the government to embrace crypto.

[Anonymous No.10620917]

Any good ideas of crypto businesses to open in south america? Got a couple hundred thousand to invest. I am swiss but fluent in spanish and wouldn't mind living in south america

[Anonymous No.10621033]

>>10620771
Satoshi is not one person.
Wright has the money tho, Kleimans brother is suing him for that.

[Anonymous No.10621069]

>>10620185
Because China had no impact in the worlds economy in the last decades, right?

>>10620254
That is exactly what I am implying, Latin America GDP is over $10 trillion, a 5% adoption would more than double BTC market cap.
>>10620280
If you can make $40K in Argentina, you are set.
>>10620725
Smart players are not bothering with stable places, since they know what crypto is meant for.
>>10620758
You can comfortably retire with $400K anywhere in L.A.
>>10620771
You are lucky that I can't take that bet and steall all your moneys.
>>10620798
Way to go, brah!
>>10620917
So many, let me give you only one though.
People in Brazil buy dollars and euros over 10% above market value (taxes+other bullshit), if you can reliably buy BTC (or other crypto) with R$ in Brazil and sell it for $ in popular countries, charging tourists a 5% fee for that, then you will make at least a million over a few years.

[Anonymous No.10621217]

>>10620185
third world? fren, brazil; argentina; uruguay; paraguay; venezuela will be a massive trade block in 10-20 years tops and they will assimilate chile and the rest of mid. America.
tons of resources, very young people, all the potential in the world
i know youre going to hate your guts out but its inevitable that they will abandon fiat and thrive under crypto free trade once their governments are made of politicians that were actually put in power by this generation. their governments are a joke of fucked up corruption and whole generations have lost everything they held in state money. a shock like that doesnt just go away.
the weird thing is, if you talk to a euro or usa 30yo boomer, they dont understand crypto as
a safe harbor because they dont have the necessity - i heard that there was more bitcoin traded in brazil than gold but i have no idea if that info is reliable. this dude talks about it.
- https://www.youtube.com/watch?v=S4JrMtP8J0w
Euro and us boomers have the most powerful currencies of the world at their fingertips
guess what
the brazilian real went like pic related and people are fucking pissed
its just starting though, exchange volume is pretty low still and nothing compared to usa or asia
im passionate about this and going to brazil in about a year. if you want to make friends email me at [e-mail]
t. german “fluent” in english spanish portuguese

[Anonymous No.10621257]

>>10620144
>Latin America is going to spearhead the whole thing
our equivalent of Coinbase is charging 10% fee...

[Anonymous No.10621325]

>>10621217
>they dont understand crypto as a safe harbor because they dont have the necessity
Exactly,

>>10621257
It is going to spearhead the crypto-revolution because goods and services will be traded directly for crypto, instead of first trading it for local currency (already happening in Venezuela).
The purpose is for you to stop thinking about how many $/€ you get for one BTC and start thinking how many bitcoins it takes to buy a house.

>>10621217
You got it right, people with strong currencies are simply unable to see crypto as anything more than a gamble to acquire more of their local currency.

[Anonymous No.10621363]

>>10621217
Do you have a chart that shows the decrease of the brasilian real in local purchasing power?

[Anonymous No.10621498]

>>10621325
and how are you gonna price stuff in a insanely volatile currency with no fiat reference, genius? this is why crypto is fail, the only way for adoption is to price goods & services in crypto, and the only way to measure crypto worth is in relation to fiat. A dilemma that will make crypto only good for taking money from the highest fool

[Anonymous No.10621544]

>>10621498
>the only way to measure crypto worth is in relation to fiat
I am sorry, but if you are not going to bother going after at least SOME education, I can't help you.

>>10621363
Inflation chart should be enough.

[Anonymous No.10621563]

>>10621544
nice arguments you got there. Tell me, if there was no fiat, how many sats is this loaf of bread worth?

[Anonymous No.10621585]

>>10621363
no but i guess rice beans rent services stay at level but a farmer that wants to buy a tractor from abroad is getting shafted
and foreign companies that pay salaries in brazil are laughing their asses off
i mean, factually a teacher is making about 250 usd a month now

[Anonymous No.10621599]

>>10621563
that depends on you and the seller, my friend
i think bread is very negotiable, in particular if you have bitcoin
you better trust the seller no to hold you at gunpoint though

[Anonymous No.10621627]

>>10620144
maduro: cuts power
wow goodluck fucking idiots

[Anonymous No.10621650]

>>10621563
>he wants me to waste time explaining how prices happen in a free and unregulated market
Just no, you are clearly too uneducated to provide anything of value to this thread, please leave.

>>10621585
>and foreign companies that pay salaries in brazil are laughing their asses off
Their profits are also hurt, though.

>>10621627
That is a not a real problem, it would just speed his demise.

[Anonymous No.10621653]

>>10621599
ok you both agree on 50 sats, you go to the next baquery and its 25 sats, next one is 40, next one is 100. Then you buy some alts and triple your money, woo who the fucks needs to produce goods when its this easy making money, just fucking trade shitcoins. Not to mention the power you are giving to the likes of bitmex that would become king of the world. Completely retarded idea

[Anonymous No.10621663]

>>10621627
he can only shaft his own people for so long until the military turns on him
i expect a coup d'etat either this, or next year
you know how it goes man, whoever got the tanks and jets wins and no matter how fucking retarded you are, watching your own people lose 30 pounds on average per year hurts everybody

[Anonymous No.10621666]

>>10621650
we never had this kind of market fucking idiot, it is clear you dont have an answer to the first obvious problem and its easier to call me ignorant. Kys

[Anonymous No.10621675]

>>10621650
not if brazil manufactures parts for cars that arent sold on the domestic market but yes i know what you mean. its a massive fuckup and it just shows that governments must not have the power to print their own money because they will abuse it in times of crisis

[Anonymous No.10621707]

>>10621653
sorry, but come on, think. the people of venezuela are fighting to survive, do you think they spend their money in little buys here and there? they use it to pay the dude who crosses the border with sacks of rice and dry beans.

i heard its more profitable to import grain into the country, than drugs, because nobody got the money for drugs. its also illegal to smuggle food, as it "aids the capitalists". the smugglers are armed to the teeth, not shitting you.

turtlecoin is more stable than their paper money

[Anonymous No.10621733]

>>10621675
Good, you got my point.
Sure, you can profit when you are doing business in another country and their currency is cheap, but just by doing business there and using their moneys you will be increasing its value.
Likewise, if their currency gets even cheaper and your prices are based on a more expensive coin, the locals will not be able to buy your product. If all that you do is make shit there and export somewhere else, expect competition as everyone in the globe tries to take advantage of the situation, ironically changing it for the better.

>>10621707
Also, stop trying to educate morons in the internet.

[Anonymous No.10621736]

>>10621707
>muh venezuela, muh crypto
only reason they're after crypto its cause its worth USD. Thats what they want, DOLLARS not fucking sats

[Anonymous No.10621747]

>>10621733
your 'crypto economy' has several major flaws you are not addressing. So you are the moron

[Anonymous No.10621852]

>>10621736
do you actually believe the us will not see a currency crisis in the coming years?
did you ever look into how money is produced? >>10621733
where are you from? what is the sentiment about crypto?

[Anonymous No.10621901]

>>10621852
whenever such crisis comes they will trade their crypto for whatever cash has actual value, be it yen, euro or whatever. They want spendable money to feed their kids not meme coins.
Im from Argentina, crypto isnt mainstream nor as talked about as op implies. Anyone mining or buying is doing so to sell higher to another person for dollars. Our currency is in high inflation mode since the 2000s and is accelerating in the last years.
Anyone with more than a few brain cells knows you cant have a serious and complex economy with the current state of crypto, so thats not a solution. The solution is to stop creating money as debt, stop interest on money, hang the bankers and corrupt politicians and unpeg from the dollar as much as possible, not fucking crypto lol

[Anonymous No.10621934]

>>10620144

Now, let me briefly explain the role of those five countries for the future:

1-) Brazil has been the hegemonic power through most of Latin America, second only to the USA. It could also see a huge population boom (85% of China's territory, less than 20% of the population). If crypto takes hold there, it should easily take root in all Mercosul.
2-) Argentina is like Brazil, only smaller and less influential.
3-) Chile has been the postcard of Latin America and what it could achieve if it embraced a free market, it is also taking a lot of refugees fleeing far-left politics.
4-) Venezuela is currently a proof of the power of crypto when directly dealing with a dictatorship.
5-) I predict that by 2030 cocaine will be fully legalized not only in the E.U. but also through most of the USA, making Columbia, and its massive cocaine production, a magnet for $/€ - and if they are operating under crypto, most of the western world will have to directly or indirectly purchase it to trade with them.

>>10621852
I am from Uruguay, but I travel a lot and I can not see a realistic scenario where crypto (again, I am not saying bitcoin here) is not adopted around here.
Too many people lost too much trusting government issued fiat.

[Anonymous No.10621970]

>>10621901
Do you understand what a currency war is? It's economic suicide to have a strong currency during a currency war. If China devalues the yuan every other country will follow.

[Anonymous No.10621976]

>>10621934
and the only reason they would adopt crypto is cause burgers, euros and chinese are mass buying. So that means dollars, euros and yuans for crypto holders. If they stopped throwing fiat at crypto, it would be completely worthless and you know it

[Anonymous No.10622006]

>>10621976
>inb4 thats why they will price goods in crypto
if they do such thing it will be always looking at crypto price in dollars or euro and pricing accordingly. No consensus can be reached on the price of goods in relation to crypto alone, and you dont have one crypto you have thousands which complicate things further

[Anonymous No.10622047]

>>10621675
is me
>>10621934
#metoo. there is no way the population is going to accept the next ribbon issued by some senile idiot
which currency will it be?
would you sell me a flat in bitcoin?
how safe is uruguay? im autistic enough to come and visit you, fren. in a not so distant future
we could talk about crypto and sneer when others dont know that much about it

[Anonymous No.10622058]

>>10621976
we are still in inversion phase
at some point nobody will give you bitcoin for fiat. people will give you bitcoin for actual stuff, like land, houses, machines, the like

[Anonymous No.10622064]

>>10621976
Te lo explicaria con crayolas porque claramente no entendes un pedo de economia, pero si Estados Unidos devalua el dolar todos devaluan sus monedas porque nadie quiere tener atraso cambiario. No hay moneda segura, ni el yen, ni el euro, ni nada, tener una moneda segura en un momento de guerra de divisas significa volverse no competitivo en los mercados internacionales y destruir tu balanza comercial.

[Anonymous No.10622069]

>>10622058
yeah you go ahead and price your land, real state and factories in crypto and watch as the crypto mining conglomerate buys your entire country. Hey, free and unregulated market!

[Anonymous No.10622084]

>>10622064
y la solucion es bitcoin? jaaajajajaja por favor

[Anonymous No.10622108]

if what you people want is to destroy the concept of nation then yes go ahead and make bitcoin the global currency and watch as the whales buy all your shit and you become a 'citizen of the world', brainlets

[Anonymous No.10622129]

>>10622084
La solucion es pasarse a activos que no puedan ser devaluados por gobiernos buscando mejorar su balanza comercial, pero para que me gasto con un brainlet como vos...

[Anonymous No.10622146]

>>10622129
si dale, activos globales para que venga un chino con 10000 btc y compre tu paisucho de cuarta, enfermo

[Anonymous No.10622148]

>>10620144
>as refugees try to send resources to their families stuck with Maduro
And don't forget all the regular and illegal immigrants in the US trying to send money home easily.

[Anonymous No.10622158]

>>10622047
>which currency will it be?
The key here is to make crypto part of your life, which will already save you money.
I will often use a lot of BTC to evade taxes and regulations, but I am not actually holding it - you should invest mot of your money in productive assets, not gamble it.
I would rent you my flat in Punta for BTC, fren.
Uruguay is mostly safe, Montevideo is only tricky if you are a moron (just use your credit card to pay for shit, carry little cash and try to not look like a moronic tourist).

>>10622129
Historically, investing in land always has been a good idea through L.A. ((Vamos a mantener la conversación en inglés, sí?)

[Anonymous No.10622162]

>>10622148
I mean people from Mexico etc.

[Anonymous No.10622200]

>>10622148
>>10622162
That is a pretty good point, there are a lot of middle class South Americans that just want to make money in the USA and invest in their home countries.
Crypto allows them to totally skip the ridiculous income tax and a bunch of tariffs that, as a whole, could add to 30% or more in some countries.

[Anonymous No.10622211]

>>10622146
Porque será que la gente mas ignorante siempre es la que esta mas segura de las estupideces que dice? Porque no aprendes un poco de economia peroncho?

>>10622158
Investing in land is a good idea until smart money gets the fuck out and the government can't tax it anymore and the government starts to make up for it by taxing the fuck out of land that can't go anywhere.

[Anonymous No.10622258]

>>10622211
>peroncho
>Porque no aprendes un poco de economia?
te tragaste el verso de crypto bien de lleno, no entendes como funciona esto flaco? segui acumulando sats mientras la gente inteligente se forra con las fees y los equipos mineros, pelotudo

[Anonymous No.10622281]

>>10622258
Segui acumulando dolares mientras la reserva federal sigue imprimiendo billones de dolares todos los dias como si fuera papel higienico pelotudo

[Anonymous No.10622295]

>>10622211
Then you get out when the winds change, at a profit.
Stay flexible, stay informed, always be ready to dump your bags on a foolish "public servant" that thinks that he got his life set just because he cant be fired.

[Anonymous No.10622307]

>>10622281
no acumulo dolares, compro tierra. Te la voy a vender por 5000 btc no te preocupes

[Anonymous No.10622325]

>>10620144
Ethereum as a DLT is going to explode.

Look at https://conventment.com

[Anonymous No.10622361]

>>10622307
Jajajaja como me voy a reir cuando el proximo peroncho que agarre el gobierno te cague a retenciones o te la expropie para darsela a unos mapuches salame

[Anonymous No.10622377]

>>10622361
no tenes la mas palida idea flaco

[Anonymous No.10622419]

>>10622377
Lo mas lindo es que a los que tienen campo en serio no les van a tocar un mango porque tienen contactos, pero a los giles como vos que tienen dos campitos cagados les van a romper el culo por salame.

[Anonymous No.10622446]

>>10622325

[Anonymous No.10622459]

>>10622200
Yeah. There was a project called PIVX if I recall correctly that was quite popular with this crowd. I don't know what happened to it though, maybe it died.

[Anonymous No.10622465]

>>10622419
ya veremos quien queda con el culo mas abierto cuando caiga btc

[Anonymous No.10622517]

>>10622465
Claro la bolsa de nueva york va invertir billones de dolares en abrir un servicio instuticional porque esta por caer btc...

http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/

Por favor andate del foro estas quedando como un estupido al pedo.

[Anonymous No.10622544]

>>10622517
van a hacer un par de pumps, robarle toda la $ a bobos como vos y despues dejarlo sangrar lentamente, pumpear de nuevo y asi sucesivamente hasta que pase de moda. Pibes como vos que se creen que las saben todas, son comida para ellos.

[Anonymous No.10622578]

>>10622517
BCH will win in the end, no doubt in my mind. Only a matter of time.

[Anonymous No.10622579]

>>10621217
And when the U.S. and other Western powers don't like the direction that the current generation is going, what then?

[Anonymous No.10622587]

>>10622544
Claro porque a ningun millonario le interesa tener una divisa de reseva para cuando se venga la inevitable guerra de divisas y todos los paises devaluen. Yo no se para que me gasto discutiendo con gente que no tiene ni idea lo que pasa a su alrededor.

[Anonymous No.10622687]

>>10622587
ya te va a golpear la realidad, pero segui soñando mientras, es divertido

[Anonymous No.10622726]

>>10622069
you must be taking the piss

[Anonymous No.10622749]

>>10622158
send smth to [e-mail] so i can contact you when i make it to uruguay

[Anonymous No.10622776]

>>10622687

http://fortune.com/2018/07/21/currency-war-global-markets/

En serio deja de pasar verguenza, trata de estudiar y entender como funcionan las cosas en realidad.

[Anonymous No.10622777]

>>10622465
>>10622517
por favor, paren con las huevadas

[Anonymous No.10622822]

>>10622579
At that point, it is more likely that their own population gets invested into the ruling coins - and remember, governments are incompetent, they cant react fast enough to change, so they would only declare war after things were established... if they could declare war.
There is nothing stopping L.A. from becoming China 2.1, and crypto protects said generation from traditional economical warfare, while making them the vanguard of a modern kind of econ wars.
At the end of the day, crypto is about crushing big governments and empowering individuals, if you are a /pol/tard hoping for a huge State, you should get out of this market because its success is anathema to your ideology.

[Anonymous No.10622825]

>>10622579
WAR
but seriously, governments is just people. if i want to sell something for bitcoin, nobody is going to stop me from doing it. why?
1. they fucking cant
2. because of 1., govs endorse it
trust me, soon youll hear the "can bitcoin acchually be a counter measure to corruption? here is how the evil venezuelan communists were taken down by a crypto.economy!"
decentralization is most necessary when a centralized entity fails
the us and eu will not wage war on farmers in paraguay who buy used machinery in bitcoin, dude. keep calm and stop and think twice when your power fantasies of "we are just going to bomb them" start to take over

[Anonymous No.10622872]

i can, theoretically, buy anything i want for 20% less than market value if i buy in bitcoin and evade VAT
also, the person i pay can evade another 25-50% of income tax
no government whatsopowerful can do shit about this and its time for state loving faggots who dream of SS death squads kicking down coiner doors to understand this

[Anonymous No.10622972]

>>10622578
White roasties were a mistake

[Anonymous No.10623498]

>>10622872
/pol/ wet dream is literally ruining the life of everyone else in this planet and robbing them of their freedoms.

[Anonymous No.10623959]

>>10622587
Yo de lo único que me alegro es de no ser el único Linkmarine uruguayo. Ya me sentía solo

[Anonymous No.10623996]

>>10623498
fucking idiot, we want peace for this world, we just have a different idea of how to achieve it.
and yes, cryptocurrency is absolutely part of it.

[Anonymous No.10624012]

>>10623996
And yet the first responde of your typical /pol/tard when confronted with the possibiity of the "third world" flipping USA+Europe and going their own way is "we will just bomb them".

[Anonymous No.10624342]

>>10622972
Everybody loves bitches but who would want to marry one?