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Author Topic: Cypriots? Please tell me your story  (Read 468 times)
WiW
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March 20, 2013, 12:03:54 PM
 #1

I'm curious who's here because of the events going on in Cyprus. Even if you're not a Cypriot - I'd just like to know what's your story for becoming interested in bitcoin. If you are a Cypriot, can you tell me if there is any growing interest in bitcoin in Cyprus?

Welcome and feel free to ask questions!
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iswi
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March 20, 2013, 12:07:41 PM
 #2

I am from Venezuela

Same situation here
WiW
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March 20, 2013, 12:11:35 PM
 #3

I am from Venezuela

Same situation here

Thanks. Can you tell me how you heard about bitcoin? Are Venezueleans talking about bitcoin/gold?
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March 20, 2013, 01:44:09 PM
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I heard about bitcoins in a tweet from anonymous, "supposedly" they give away bitcoins daily (after reading a lot i see maybe its only marketing), had only to enter your address, but I had no address wallet I did not even know what it was, so I started researching and read that to generate that address had to download a client, I did download the client and after 7 days of waiting I now have the address (put it in my signature),

I see bitcoins as a way to convert bolivars into dollars or so a potential investment,

since in Venezuela we have an exchange control where the official exchange rate is low only for $2500 dollars if you travel (you must own credit card) and $ 400 for electronic purchases (you must own credit card also) these amounts are annual quota...
for those unable to obtain these quotas, black market exchange rate is almost 4 times the official change rate,

with bitcoins I could start saving in another currency or maybe (buying/selling) other currency than the bolivar...
because as the passage of time bolivar´s value decreases

hope to share ideas
Thanks,
Isaac
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March 20, 2013, 03:56:12 PM
 #5

...
with bitcoins I could start saving in another currency or maybe (buying/selling) other currency than the bolivar...
because as the passage of time bolivar´s value decreases
...


With derivative exchanges where you transact in BTC you could easily create a basket of assets as a hedge against inflation and confiscation. As far as I heard current futures exchanges are not very evolved or tested yet but this could change the landscape by making it very cheap to take the position you want for your savings, USD, stock indices, metals, etc.

One example is  https://en.bitcoin.it/wiki/MPEx
Others https://en.bitcoin.it/wiki/Category:Futures_Exchanges
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