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Title: By first time 1 satoshi is iqual than a Bolivar Post by: jonval21 on September 28, 2017, 02:07:28 PM Yesterday the Bolivar fall down to 1 satoshi = 1 Bolivar due hyperinflation, today in local bitcoin for buying is about 1.07 per satoshi is amazing how fast this occurred.
I told to all person that I know to protect themselves againts hiperinflation buying bitcoins some people just followed my advise and they are very happy for that why this advice, because hiperinflation is a lot of dangerous than a volatile market hiperinflation can steal you every thing in just months. Title: Re: By first time 1 satoshi is iqual than a Bolivar Post by: joseafonso123az on September 28, 2017, 02:18:46 PM hiperinflation is a lot of dangerous than hiperinflation? isn't hiperinflation=hiperinflation?
I see that one bolivar is 2400satoshis, correct me if I am mistaken, but nevertheless, BTC would be a good adition to the financial problems the country suffers. I am hoping to see one day 1 USD = 2400 satoshis, that's the dream! Title: Re: By first time 1 satoshi is iqual than a Bolivar Post by: Don Pedro Dinero on September 28, 2017, 02:23:13 PM What sources do you have?
I am asking because I’ve heard that bolivars are supposed to have an official rate of exchange, but that in the black-market bolivars are being exchanged for dollars for much cheaper. So, I don’t know if you are talking about exchange rates from cryptos exchanges or what. Anyway, the situation in Venezuela looks very bad, I’m not surprised that those who have some money try to preserve it exchanging it for dollars, cryptos or whatever. Title: Re: By first time 1 satoshi is iqual than a Bolivar Post by: jamesdean35 on September 28, 2017, 02:35:18 PM Some day one american dollar equal a satoshi .It could be and its not far away if satoshi right whole world using bitcoin or nobady
Title: Re: By first time 1 satoshi is iqual than a Bolivar Post by: jonval21 on September 28, 2017, 03:02:13 PM https://localbitcoins.com/country/VE
now is 1 sat=1.12 Bs the official rate ( just for people that works for the goberment ) the rate is 10Bs=1$ that means if a person of the goberment sell a car that is about 40.000 Bs. (an old one) ,that person can buy 400.000 $ with the official rate for person inside the goberment 10Bs=1$ for Venezuelans 28400Bs=1$ :( :( :( pretty sad and no one can do nothing Title: Re: By first time 1 satoshi is iqual than a Bolivar Post by: Beerwizzard on September 28, 2017, 03:20:43 PM I've seen banks predicting 2000% inflation of bolivar only for this year. Venezuela is surprizing me all the time. Personaly I wish I could to buy some bolivars just to start making my own collecions of dying / dead fiat currencies so each time I would think abou selling BTC it will prevent me from making mistakes.
Title: Re: By first time 1 satoshi is iqual than a Bolivar Post by: TheQuin on September 28, 2017, 05:27:12 PM Another outstanding achievement for socialism. The lesson of history that refuses to be learned no matter how many times it ends in abject failure.
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