By first time 1 satoshi is iqual than a Bolivar

[jonval21]

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.

[joseafonso123az]

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!

[Don Pedro Dinero]

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.

[jamesdean35]

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

[jonval21]

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

[Beerwizzard]

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.

[TheQuin]

Another outstanding achievement for socialism. The lesson of history that refuses to be learned no matter how many times it ends in abject failure.