Bitcoin Trading In Venezuela Keeps Setting New Records

[tadpole_bitfrog]

https://beincrypto.com/bitcoin-trading-in-venezuela-keeps-setting-new-records/?utm_campaign=bitcoin-trading-in-venezuela-keeps-setting-new-records&utm_medium=rss&utm_source=rss

Peer-to-peer Bitcoin trading volumes in Venezuela have hit all-time highs amid escalating economic and political crises.

Last week, Bitcoin broke another record in terms of trading volume in Venezuela. The latest spike confirms that Venezuelans choose Bitcoin instead of their national currency as a store of value amidst shocking hyperinflation and rising political uncertainty.

As we all know that bitcoin is really a safe haven for Venezuelans specially in the last couple of years and we can say that it did help them to survive the economic turmoil. But it's not done yet because Maduro doesn't want to step down does why bitcoin is setting new records in the country. Venezuela's crisis is one use case how bitcoin or crypto has really help people in times of financial trouble.

 

This is a pretty good news. Bitcoin really helps Venezuelans to stabilize their assets, even increase their value.
There are several types of assets that people want to buy when the inflation rate rises too high: gold, real estate, Bitcoin.
But they often choose Bitcoin because the BTC is a new trend and it can make their money greatly increase.
This is a great thing and I hope many countries have high inflation rates and the price of BTC will increase even more.

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[StarofBTC]

In this price level of Bitcoin which already in the bottomed is good way to buy it to avoid inflation,  Bitcoin is no inflation because in the long term the price of Bitcoin  will keep going up because the supply is limited and more adoption around the world that make more demand,  and with low capitalization the price has potential to going up to more than 50 times in the long term.

I think that the investors have already waited a lot, and now they are expecting bitcoin price to get accelerator, I hope that they are not going to wait for a long time anymore, but very soon the price is expected to increase, therefore I also suggest that the current time can be consider the best time for investment.

It is expected that in next 2 to 3 months the bitcoin price will easily cross 10k.

[Baofeng]

https://beincrypto.com/bitcoin-trading-in-venezuela-keeps-setting-new-records/?utm_campaign=bitcoin-trading-in-venezuela-keeps-setting-new-records&utm_medium=rss&utm_source=rss

Peer-to-peer Bitcoin trading volumes in Venezuela have hit all-time highs amid escalating economic and political crises.

Last week, Bitcoin broke another record in terms of trading volume in Venezuela. The latest spike confirms that Venezuelans choose Bitcoin instead of their national currency as a store of value amidst shocking hyperinflation and rising political uncertainty.

As we all know that bitcoin is really a safe haven for Venezuelans specially in the last couple of years and we can say that it did help them to survive the economic turmoil. But it's not done yet because Maduro doesn't want to step down does why bitcoin is setting new records in the country. Venezuela's crisis is one use case how bitcoin or crypto has really help people in times of financial trouble.

 

This is a pretty good news. Bitcoin really helps Venezuelans to stabilize their assets, even increase their value.
There are several types of assets that people want to buy when the inflation rate rises too high: gold, real estate, Bitcoin.
But they often choose Bitcoin because the BTC is a new trend and it can make their money greatly increase.
This is a great thing and I hope many countries have high inflation rates and the price of BTC will increase even more.

It's because bitcoin is a movable asset to me to let's say compare to gold or real state. Are they willing to buy gold bullions and stash it somewhere in there house? I don't think so, and real state is not that good in terms of hyper inflation right now in the country. So the best option is to buy your money with bitcoin and then you can either used it to buy items around or just used it as store of value.

[Yamifoud]

Many have found Bitcoin as a useful asset and yet it is very often to be accepted globally than of altcoins even ETH. Now Venezuela have taking an account to move towards crypto adoption, this could be an indication that Bitcoin have a place for everyone's life and making a way to improve individuals financial stability. We look forward for its great improvement and so the other countries will find also of Bitcoin's potentiality.

[Ucy]

This is good to hear.
I thought the bear would  discouraged them from using Bitcoin. It is a bit surprising to hear that they are still succeeding with Bitcoin despite the long bear market.
I wonder how strong is the use of Bitcoin for buying and selling over there. Does the government allows it?

[irsykes]

This is good to hear.
I thought the bear would  discouraged them from using Bitcoin. It is a bit surprising to hear that they are still succeeding with Bitcoin despite the long bear market.
I wonder how strong is the use of Bitcoin for buying and selling over there. Does the government allows it?

Supply and demand will always happen in trading, no matter it is on bull or bear run. Because who keep buy bitcoin higher must already expected if bitcoin that they bought can reach higher price than they buy.

[adaseb]

Usually in a county with very high hyper-inflation like Venezuela it shouldn't be a surprise that people are buying Bitcoins and its getting massive volume. However keep in mind that people will pretty much buy anything there. Gold, US Currency, etc.

So I think the volume is good but it doesn't really help Bitcoin in the Macro-term because the volumes are tiny in proportion. However at least Bitcoin is doing what it should and basically providing freedom even in a country with such bad governments.

[Clark05]

I hope other country what Venezuela do.  Because it can help to our community which is to promote and to have more investors again the bitcoin not like the other who against to the bitcoin and they banning bitcoun without doinh some research about it they  decide to their own not in the majority who wants to earn. Keep up the good work Venezuela more blessings and more investor comes from the citizens there.

[guoyu78]

This is good to hear.
I thought the bear would  discouraged them from using Bitcoin. It is a bit surprising to hear that they are still succeeding with Bitcoin despite the long bear market.
I wonder how strong is the use of Bitcoin for buying and selling over there. Does the government allows it?

There is a big crisis going on in Venezuela these days. Before this crisis, there was the money crisis so the country is being grasped by and trapped in the crises a lot. The reason they started using the crypto technology was purely their inflation that was actually eating away at the value of their money. The introduction of the technology has been a sign of relief for them for now and the graph of Bitcoin trading has gone up due to high demand.

[Lanatsa]

So I think the volume is good but it doesn't really help Bitcoin in the Macro-term because the volumes are tiny in proportion. However at least Bitcoin is doing what it should and basically providing freedom even in a country with such bad governments.

And this is the thing.It might not mainly affect on big percentage but atleast Venezuelans do experience and taste up the freedom somehow with Bitcoin and its really good to see.
Regarding on the price it would always matter with supply and demand.So its not a surprising thing if prices would be somehow higher compared on the current market price as of this moment.
someone do thinks arbitrage? 

[ReiMomo]

https://beincrypto.com/bitcoin-trading-in-venezuela-keeps-setting-new-records/?utm_campaign=bitcoin-trading-in-venezuela-keeps-setting-new-records&utm_medium=rss&utm_source=rss

Peer-to-peer Bitcoin trading volumes in Venezuela have hit all-time highs amid escalating economic and political crises.

Last week, Bitcoin broke another record in terms of trading volume in Venezuela. The latest spike confirms that Venezuelans choose Bitcoin instead of their national currency as a store of value amidst shocking hyperinflation and rising political uncertainty.

As we all know that bitcoin is really a safe haven for Venezuelans specially in the last couple of years and we can say that it did help them to survive the economic turmoil. But it's not done yet because Maduro doesn't want to step down does why bitcoin is setting new records in the country. Venezuela's crisis is one use case how bitcoin or crypto has really help people in times of financial trouble.

I often come one or the other saying Bitcoin market volume increases in Venezuela. Investa is an another recent successful ICO opening their own ATM and etc. Investa is much welcomed which is sign that Venezuela is another huge market for crypto currencies. Heard, people do even give cash in hand and get the concern crypto currencies.

[LUCKMCFLY]

https://beincrypto.com/bitcoin-trading-in-venezuela-keeps-setting-new-records/?utm_campaign=bitcoin-trading-in-venezuela-keeps-setting-new-records&utm_medium=rss&utm_source=rss

Peer-to-peer Bitcoin trading volumes in Venezuela have hit all-time highs amid escalating economic and political crises.

Last week, Bitcoin broke another record in terms of trading volume in Venezuela. The latest spike confirms that Venezuelans choose Bitcoin instead of their national currency as a store of value amidst shocking hyperinflation and rising political uncertainty.

As we all know that bitcoin is really a safe haven for Venezuelans specially in the last couple of years and we can say that it did help them to survive the economic turmoil. But it's not done yet because Maduro doesn't want to step down does why bitcoin is setting new records in the country. Venezuela's crisis is one use case how bitcoin or crypto has really help people in times of financial trouble.

I often come one or the other saying Bitcoin market volume increases in Venezuela. Investa is an another recent successful ICO opening their own ATM and etc. Investa is much welcomed which is sign that Venezuela is another huge market for crypto currencies. Heard, people do even give cash in hand and get the concern crypto currencies.

And now Bitcoin trade activity in Venezuela will continue to increase, since it is the only emerging economy that can face the serious problem without solution of the economy. It is necessary to emphasize that in spite of ... there are many people with a lot of money, who like to trade, and they do trading by operating the market, be they investors or speculators of the market.

[prtty2gal2]

We all know that price of their own national fiat was going down like crazy and inflation was horrible and the country was in the ruins. Whats going on now ?

I mean last I checked (and I am in no means expert in foreign politics) there was this civil war going on and the public was against the maduro regime so they were trying to overthrow him and get another person as the president of the country. If that case is happening right now there are two questions to be asked on the bitcoin aspects of it.

If the civil war is a success and people overthrow the dictator what would that mean for bitcoin in Venezuela ? Also same logic, if the civil war is a failure and they fail to overthrow maduro what would that mean for bitcoin there? It is really important to know these for future references.