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Author Topic: 2013-07-09 Bitcoins Soar In Value In Argentina Due To Capital Control Laws  (Read 1609 times)
Birdy
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July 09, 2013, 06:47:21 PM
 #1

http://forexmagnates.com/bitcoins-soar-in-value-in-argentina-due-to-capital-control-laws-bitcoin-meetup-held-in-nations-capital/

Great arbitrage opportunity...if you want Pesos.
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zeroday
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July 09, 2013, 07:11:47 PM
 #2

Argentina's economics now is exactly what European Union will become over the next few years.
Stick to your bitcoins, guys...

BitChick
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July 09, 2013, 07:48:25 PM
 #3


I would think that the Argentinians could purchase BTC in USD and then arbitrage them themselves? 

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
pagan999
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July 09, 2013, 07:55:37 PM
 #4

I have a feeling that the last good cheap buying opportunity is quickly passing away right now. I doubt you will ever see 2-digit BTC's again.
Birdy
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July 09, 2013, 08:00:15 PM
 #5


I would think that the Argentinians could purchase BTC in USD and then arbitrage them themselves? 
Getting USD legally is very difficult in Argentinia and getting it illegally is very expensive. So they probably can't.
BitChick
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July 09, 2013, 09:55:53 PM
 #6


I would think that the Argentinians could purchase BTC in USD and then arbitrage them themselves? 
Getting USD legally is very difficult in Argentinia and getting it illegally is very expensive. So they probably can't.

So maybe a vacation to Argentina for those that are holders of good amounts of BTC would be a smart thing to do? Wink  I suppose the trip would more than pay for itself.  That is, unless the price per BTC catches up at some point.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
Cubic Earth
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July 09, 2013, 10:00:45 PM
 #7

So maybe a vacation to Argentina for those that are holders of good amounts of BTC would be a smart thing to do? Wink  I suppose the trip would more than pay for itself.  That is, unless the price per BTC catches up at some point.

Exactly what I was thinking!  Even for [the unfortunate] people who don't yet have any bitcoins, they can travel there at a big discount if they just load up their brain wallets before they get on the plane.
StarfishPrime
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July 10, 2013, 01:44:32 AM
 #8

Argentina's economics now is exactly what European Union will become over the next few years.
Stick to your bitcoins, guys...

The ECB has already shown that it will not hesitate to do whatever it takes to keep the wheels from falling off the euro as it careens ever faster toward the brick wall of fiscal reality. Things are about to get interesting, for sure.

                         
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btceic
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July 10, 2013, 01:52:35 AM
 #9

great read, thanks for posting.

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