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Author Topic: Has Argentina proven BTC to be a store of value class asset?  (Read 240 times)
gmreal1
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August 15, 2019, 06:31:40 AM
 #21

I think most people in first world countries have never experienced the problems with hyperinflation like we had with countries like Zimbabwe and Venezuela, so they do not appreciate the "Store of Value" that Bitcoin offers people living in these economic circumstances.

The USA & China trade wars is their first taste of economic instability, so they will soon start looking for something with a good "Store of Value" to protect their wealth and Bitcoin will be there to help them.  Wink

We saw what happened in Greece when they started to close the Banks and how people started to use Bitcoin out of necessity, due to a lack of Fiat in circulation.  Grin

People didn't start using Bitcoin in Greece out of necessity, or for any reason at all, in 2015. I don't know where you got your facts but you couldn't be more wrong. Lying or spreading misinformation won't help Bitcoin or this community.
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August 15, 2019, 03:39:11 PM
 #22

I think most people in first world countries have never experienced the problems with hyperinflation like we had with countries like Zimbabwe and Venezuela, so they do not appreciate the "Store of Value" that Bitcoin offers people living in these economic circumstances.

The USA & China trade wars is their first taste of economic instability, so they will soon start looking for something with a good "Store of Value" to protect their wealth and Bitcoin will be there to help them.  Wink

I do agree, those that live with super coins like the USD and EUR just don't get it, they are probably the last ones to feel it. I can't help but laugh when they say Bitcoin is volatile, oh i wish they could live here so they could get the true meaning of volatile, actually, in hyperinflation it only goes one way: down, faster every day.

They also can't understand there are places on this planet where you are not allowed to purchase USD and EUR, or you are limited to ridiculous amounts or need to pass a lot of bureaucracy to get a ridiculous amount at fair price, and the rest you have to do with whatever the street speculators want, and if you don't act fast your money loses half purchasing power by tomorrow. Guess what also happens? Fake bills galore...

Perhaps only those that lived in former Eastern Bloc socialist states have a notion of what we are suffering here.

Bitcoin is giving us food, literally, to survive.

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SirLancelot
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August 16, 2019, 08:33:19 AM
 #23

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The example of Argentina seems to confirm that in the case of a global crisis Bitcoin:

although i do believe that in case of a global financial crisis bitcoin can shoot up but i still think we can not make the conclusion based on this small case. things are still unpredictable. we may even see no change in bitcoin whatsoever since so far bitcoin has never been taking that much effect from any other market and has always been moving on its own.
This particular case of Argentina may be a small case to you, but those small cases are what eventually blow to have massive effect on the market of bitcoin, you may have only heard of Argentina right now because someone deemed fit to publish the news, what of other countries that its presently experiencing same but not having it published it.

I have heard of some similar cases too from some countries and how they are all turning to bitcoin as store of value, so it is possible that bitcoin prices starts to gradually shoot up as these type of factors keep coming, the reason why you feel some that has happened are not having effect on the price is because they don’t come together at once, they have each of their different times which makes their effect slow to see.

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