This is how 0.037 Bitcoins looks like in Venezuela

[hexitor]

Proves how bad fiat is, once again. 

[troleybüs]

Proves how bad fiat is, once again. 

Depends on your country. If you live in the US and your wage is in US dollars you can travel anywhere with a little money. If you are from one of the undeveloped countries life is harder, as we see in Venezuela example.
If you earn Bitcoin online, it's better you live in an undeveloped country. Your reel income is better than anyone else.

[sandiman]

If you have dollars, holidays in Venezuela is a very good idea.

Even for someone comming from Europa with Euros, Venezuela would be cheap holidays whatever is the flight prices. And when I said cheap holidays, it also means that you will live like a king there .

[bryant.coleman]

If you have dollars, holidays in Venezuela is a very good idea.

Even for someone comming from Europa with Euros, Venezuela would be cheap holidays whatever is the flight prices. And when I said cheap holidays, it also means that you will live like a king there .

I don't think that it will be a good idea. First of all, crime rate is quite high nowadays in Venezuela. And also, very few of the locals speak English fluently. Another issue is that you have to stand in long queues (4-5 hours) to get even the basic supplies from the local supermarkets. And there are other issues as well, such as the lack of quality medical care.

[Snorek]

If you have dollars, holidays in Venezuela is a very good idea.

Even for someone comming from Europa with Euros, Venezuela would be cheap holidays whatever is the flight prices. And when I said cheap holidays, it also means that you will live like a king there .

If you want to taste national crisis at its finest then you may try to spend vacation there. Believe me, living and even being a tourist in a country with internal problems like major inflation, problems with purchasing basic goods like groceries, an increase of crime in never a good choice. You will be better visiting a country like Egypt right now where there are high chances of ISIS terrorist attack - than Venezuela.

As for the bitcoin - I heard that governments of south american countries are against it and will probably ban every crypto just because it is hard to control cryptomarket.

[ingiltere]

This is why Venezuela will be the first country to adopt a virtual currency.

 0.037 Bitcoins o almost 12 Us$

It loos like a lot of money, but is the equivalent to half of the monthly minimum wage

https://i.imgur.com/BXJzrBn.jpg

I understand the main point here but photo is not tell everything. For example you can have 1 USD banknotes for 10000 or you can have 100 USD banknotes for 100. That's the same money. It's matter of perspective, but value is the same.

[gkv9]

Proves how bad fiat is, once again. 

Depends on your country. If you live in the US and your wage is in US dollars you can travel anywhere with a little money. If you are from one of the undeveloped countries life is harder, as we see in Venezuela example.
If you earn Bitcoin online, it's better you live in an undeveloped country. Your reel income is better than anyone else.

You are right, even in developing countries would let you live with ease if you are earning somewhere around BTC0.3 - BTC0.5 at current market rates...
It's an easy life and many are living on Bitcoins I guess, at least I am one of them...

[sandiman]

If you have dollars, holidays in Venezuela is a very good idea.

Even for someone comming from Europa with Euros, Venezuela would be cheap holidays whatever is the flight prices. And when I said cheap holidays, it also means that you will live like a king there .

I don't think that it will be a good idea. First of all, crime rate is quite high nowadays in Venezuela. And also, very few of the locals speak English fluently. Another issue is that you have to stand in long queues (4-5 hours) to get even the basic supplies from the local supermarkets. And there are other issues as well, such as the lack of quality medical care.

If you have dollars, holidays in Venezuela is a very good idea.

Even for someone comming from Europa with Euros, Venezuela would be cheap holidays whatever is the flight prices. And when I said cheap holidays, it also means that you will live like a king there .

If you want to taste national crisis at its finest then you may try to spend vacation there. Believe me, living and even being a tourist in a country with internal problems like major inflation, problems with purchasing basic goods like groceries, an increase of crime in never a good choice. You will be better visiting a country like Egypt right now where there are high chances of ISIS terrorist attack - than Venezuela.

As for the bitcoin - I heard that governments of south american countries are against it and will probably ban every crypto just because it is hard to control cryptomarket.

You are both right. what I said what really simplified. Indeed, if we compare both Egypt and Venezuela, these country are similar in all aspects except the crimes rate (even if ISIS now puts pressure on tourism confidence over Egypt). Nonetheless, the difference between these two countries is that tourism is the first source on income for Egypt, whereas Venezuela generate more revenue with oil. Thus, even if Egyptians suffer from poor living conditions, the latter will not or less likely have conditions on foreigners than in Venezuela.
I have been in Egypt once, and even with crime issues, problem with purchasing basic goods like groceries, etc. believe me you won't feel that staying ou your cosy hotel.

[miguelmorales85]

Its a matter of the dollar's price in the black market...

[max17]

the minimun salary is like 12.000 bsf but with the black marquet $  is 800bsf x $  so the minimun salary is 15$

can you tell me what is bsf ? as i googled for the venezuela currency and i found its abbreviation is VEF and one dollar equals 6.35 VEF only !

bfs is bolivar fuerte just like the vef is the same   ..and the 6,35 vef x 1 $ is the guverment  exchange control the ral value is in the black market  check it http://imgur.com/sWtaQPi

[calkob]

That is just absolutly crazy, and a terrible waste of paper printing all that shit, its has less intrinsic value than goat shit, at least it burns......

[Dux2K]

This is why Venezuela will be the first country to adopt a virtual currency.

 0.037 Bitcoins o almost 12 Us$

It loos like a lot of money, but is the equivalent to half of the monthly minimum wage

By look of it seem like you have milions

[randy8777]

This is why Venezuela will be the first country to adopt a virtual currency.

 0.037 Bitcoins o almost 12 Us$

It loos like a lot of money, but is the equivalent to half of the monthly minimum wage

By look of it seem like you have milions

due to the higher price you can get that amount of fiat money for less than 0.03 btc, right now as it is worth $12. it's insane how low in value certain fiat currencies are. glad that there will never be more than 21 million bitcoins.

[turkandjaydee]

Wow, thats so screwed up.
Is bitcoin official there yet?

[EdenHazard]

O god, I really never heard of inflation problem in Venezuela, but I never knew that the minimum wage in Venezuela amounts to only $ 12, so if the maximum wage reaches $ 24?
and hopefully bitcoin can take this opportunity in Venezuela.

[Amph]

Wow, thats so screwed up.
Is bitcoin official there yet?

i doubt they have good infrastructure to welcome bitcoin, also too much criminals there, it would be a stealing fest

that's why their fiat is toilet paper basically

[copperhorse111]

Inflation there is huge apparently, They are only second to Zimbabwe's millions bills

[Premium Account Reseller]

if I go there with $200 I would get laid like theres no tomorrow. how do you live with $20? how do their pay for spotify? some people dont have life.

[OROBTC]

...

There's no doubt that Venezuela is in deep...  As mentioned above, if there is now way to get good work (for good money, enough bolivares to either get dollars or WAY enough to get rationed food), then most ARE stuck there with no good way to make their lives better.

Two thoughts though:

1)  Yes, Venezuela has a very high crime rate, but if you are young & speak Spanish (and tough & wary), you may be able to enjoy a vacation there for cheap.  Venezuela has good steak (or did when I was there over 15 years ago).  The women are pretty, and may be more friendly to "gringos" now, they kind of disdained Americans when I was there (too many chasing them?).

2)  Any Venezuelans here at bitcointalk can earn pretty good BTC with a Signature Campaign!  Even the less than or equal of BTC0.035 per week by bitmixer means MORE to a Venezuelan than to an American...  OK, it may be hard to "cash in" BTC there, but many in Venezuela know someone in Miami.......

[STT]

Venezuela is linked to the oil price which hasnt been this low for a decade or more.  Meanwhile the dollar is worth far less now then it was previously so its a double loss for them, suffering financial loss both from Washington politics and the Saudi oil flood.   Neither condition will exist long term but its enough to wash out the innards of weak countries in favour of outside powers, this represents the oppisite of the governments politics which is nationalism.  So basically we are seeing a failure of everything Venezuela relied on.    

Negative as it is, it demonstrates why bitcoin could be useful independence for many people in many nations from dollar influence and even from wider global issues such as cheap oil or cheap goods from China wiping out local labour and industry concerns.   Ive no idea if Venezuela has an internet structure but it'd very useful right now I think