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Author Topic: Venezuelan Economy  (Read 447 times)
rafael2000
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April 12, 2015, 11:19:54 PM
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How can I use Bitcoin to take advantage of the economic unrest in Venezuela and turn a profit? I'm not interested in any kind of trading exchanges.
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April 14, 2015, 05:24:30 AM
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Yes, but you need to buy early. Otherwise ppl rush to buy it, gov will ban it. You will have no source to buy it.
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April 14, 2015, 08:36:01 AM
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How can I use Bitcoin to take advantage of the economic unrest in Venezuela and turn a profit? I'm not interested in any kind of trading exchanges.
You could buy Bitcoin now, wait for the S to hit the fan, then sell bitcoin at massively increased rates when people are desparate to get their money into anything other than fiat.
There are no guarantees that people will flock to bitcoin though.

It is not exactly the initial thinking behind bitcoin either. If you asked how you can help people in Venezuela, then it would sound a bit better, rather than trying to exploit them when they are down!
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