It is one of the fundamental things that matters the most. Bitcoin is not going to displace the worlds reserve currency, or even make a dent in it before it has taken out low hanging fruit like the Bolivar.
Venezuela is one of the places hyperbitcoinization happens first.
You'll see.
Well I checked the chart for how it'd look but of course I forget Venezuela has capital controls and the exchange is only officially sanctioned. The data doesnt show for the real black market worth of a currency with 50% inflation every month, it shows for the propaganda government figure.
So the BTC VEF graph shows Bitcoin in decline compared to the outstanding government Bolivar supported rate. If BTC had a government we would never show a loss, because we lock up anyone who disagreed. Genius but people are starving in that country so I presume theres a flaw if you arent part of government top end.
25 Jun 2017 00:00 UTC - 25 Jun 2018 14:36 UTC XBT/VEF close:62465.93983 low:19293.52300 high:194116.25131
Where did the demand go?
Not sure on demand but in Japan they have made the main exchange check KYC on anyone who uses crypto. Thats a major restraint for ease of use and Japan is also a country with a declining currency for the small people maybe the most in need of a simple alternative.
I am not sure why you feel some kind of necessity to get into details about your LTC matter in this BTC thread? Aren't you off topic and in the wrong place?
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I'm buying alts or tokens which give a yield. If its cheap and its going to be used, way cheaper then the 'ICO' was and the original utility is still there then it could be worth a buy. Pure speculation on possible maybes is going to just orbit around bitcoin price itself. Its possible for a few things to decouple and work off their actual use, there are cases out there.
6500 is a bullish test I think, in line with previous highs. A strong rise from there could occur if sentiment turns, quite a few are negative still
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