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/biz/ - Business & Finance

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15723765 No.15723765 [Reply] [Original]

This shit would be at $0 if venezuela, argentina and europe's central bank would get their chit together, you too china.

A fucking satoshi is worth more than a bolivar and in the last 3 months BTC 33% of it's value in USD but doubled in value in VES bolivars. Wait until the fed pumps it I guess but how long until they reverse course because they're making the dollar stronger and don't give a fuck what trump says
"Venezuelan hyperinflation is also reflected if we take the comparison to a longer term. In the last three months, for example, the price of bitcoin went from being above USD 11,300 to USD 8,420.

For its part, the price of bitcoin in Venezuela has more than doubled. In that period, it has risen from just over VES 72,240,000 to more than VES 180,000,000 today. During those three months, the price came to have peaks above the 230,000,000 VES.

This increase has coincided with a decrease in exchange volumes on sites such as LocalBitcoins, as reflected by recent data from Coin Dance. In spite of having reached a new historical maximum of the volume in bolivars, the amount of BTC traded on said platform by Venezuelan users came to fall more than 80% from its maximum level, registered in February of this year."

>> No.15724078

>>15723765
You're mad that BTC is actually working as intended? Imagine being this retarded

>> No.15724091
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15724091

Venezuela uses bolivarcoin

>> No.15724099

>This shit would be at $0 if venezuela, argentina and europe's central bank would get their chit together, you too china.
Yeah and if I had a twelve inch dick I would be the king of micronesia.

>> No.15724703

everyone here acted like btc was too slow. That doesn't even matter much for price.
Central bankers are what give BTC value, how come no one tells you this shit?

>> No.15724791

>>15724703
>Central bankers are what give BTC value, how come no one tells you this shit?
Central bankers fucking up gives BTC value

>> No.15725703

>>15723765
Argentinean here I use bitcoin as a personal bank I don't care about volatility still safer than being on pesos.

Regarding memezuela they are not using localbitcoins as much since there are literally services there where you send btc and they bring cash to your home.

>> No.15726238

>>15725703
thanks anon, that's interesting mant here act like BTC has no use case