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LUCKMCFLY
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March 18, 2019, 05:24:03 PM
 #21

I live in Venezuela, here there is no regulation with respect to cryptocurrencies, due to the infinite economic and political problems that exist.

The government tried to create a token and completely failed, however, many people exchange with bitcoin and altcoins, electricity here is almost a gift, which, for the miners turns out to be a paradise, but with many flaws.

The direction of Crypto is of a great future due to the so disastrous economy, nevertheless, with Bitcoin and Altcoins there exists an economy to which very few manage to accede and to conciliate.

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March 19, 2019, 10:58:03 AM
 #22

The direction of Crypto is of a great future due to the so disastrous economy, nevertheless, with Bitcoin and Altcoins there exists an economy to which very few manage to accede and to conciliate.
As a Venezuelan resident you probably don't understand it but deflation is still harmful for the economy and if you have a deflational national currency the economic system will still be in deep shit. SO the future is not that bright.
The only reason why BTC is so popular in Venezuela is that it is easy to buy it while the hyperinflation in your country is much higher than BTC can ever fall.
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