This is how 0.037 Bitcoins looks like in Venezuela

[bitbunnny]

now that they arrested two guys there that were mining bitcoin, you can not even think that their government will adopt bitcoin i the future, so it will remain a poor country with a dictatorial regime

They have arrested them? Why, mining Bitcion is a crime there??

[1715234444]

1715234444

[Amph]

now that they arrested two guys there that were mining bitcoin, you can not even think that their government will adopt bitcoin i the future, so it will remain a poor country with a dictatorial regime

They have arrested them? Why, mining Bitcion is a crime there??

yeah apaprently it's seen as a crime https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/

which is terrible stupid if you ask me, they still conenct bitcoin with terrorist acts

[krunox123]

Holy *censored*! That is a lot of money with just 0.037 BTC. Just imagine what kind of luxury life you will live in that country with just a couple hundred of Bitcoin, and it's amusing to know that participants of a signature campaign make a lot of money than their residents. LOL.

now that they arrested two guys there that were mining bitcoin, you can not even think that their government will adopt bitcoin i the future, so it will remain a poor country with a dictatorial regime

They have arrested them? Why, mining Bitcion is a crime there??

yeah apaprently it's seen as a crime https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/

which is terrible stupid if you ask me, they still conenct bitcoin with terrorist acts

The rich will become richer while the poor will remain poor. Stupid, indeed.

[Dr.Osh]

wow, it's a lot of money. pity if it has little value. if I had that much money in my country, maybe I can buy a car with that money 

[alisafidel58]

wow, it's a lot of money. pity if it has little value. if I had that much money in my country, maybe I can buy a car with that money 

That really a lot of money but still its value is so less,if the value of that money is big then i would love to live in venezuela.

[KennyR]

wow, it's a lot of money. pity if it has little value. if I had that much money in my country, maybe I can buy a car with that money 

That really a lot of money but still its value is so less,if the value of that money is big then i would love to live in venezuela.

For these reasons governments were having strong regulations over the bitcoin usage and mining. In this case if it continues soon it will overcome their local currency.

[OROBTC]

...

Venezuela is now one of those candidate investments that Rothschild suggested looking at:

"The original quote is believed to be "Buy when there's blood in the streets, even if the blood is your own.""

(The above version (there are several versions of Rothschild's quote) here: http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp)


Venezuela is not quite ready for such investments.  But, it may be at some point once Chavez/Maduro Socialism falls.  Any such investments would be risky.  But someone is likely to make a pile of money once the smoke clears in Venezuela (all that oil is not going anywhere anytime soon).

[rio3233]

0.037 bitcoins same as half of the monthly minimum wage, damn. Actually OP's topic is 2015, and now it's 2016. Maybe it will decrease not like 2015, if yes, so i can earn minimum wage in Venezuela

[Gyrsur]

a real good article how the situation looks like in Venezuela at the moment:

https://translate.google.com/translate?hl=de&tab=wT&sl=de&tl=en&u=https%3A%2F%2Fwww.heise.de%2Fnewsticker%2Fmeldung%2FKryptowaehrung-Mit-Bitcoins-habe-ich-wenigstens-eine-Chance-4355908.html

[Clark05]

Oh my god that's a lot of pieces of money. But even the pieces is a lot of money in the Venezuela I THINK THE VALUE OF THAT IS VERY LOW. Because there is some money in one country the value is very high. Im not looking to the pieces of the paper of money but Im looking for the value of the pieces of each money if it's very high or not. In dollars rate for sure the pieces of that is only few but high value.

[nur rochid]

Oh my god that's a lot of pieces of money. But even the pieces is a lot of money in the Venezuela I THINK THE VALUE OF THAT IS VERY LOW. Because there is some money in one country the value is very high. Im not looking to the pieces of the paper of money but Im looking for the value of the pieces of each money if it's very high or not. In dollars rate for sure the pieces of that is only few but high value.

this has been very severe in Venezuela. especially after they switched to cryptocurrency, there was a power outage for several days, this added to the country's difficulty to rise

[BigBos]

think so much. well, the financial crisis does make a country's currency so difficult. I think the money is very difficult to carry. I might prefer to use digital transactions rather than holding that much money.

[DebitMe]

Anyone willing to sell any bolivars yet? What is the current black market exchange rate and I would love to get a few hundred dollars worth in low denomination bills.