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Swordsoffreedom
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June 17, 2014, 10:27:34 PM |
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There is another topic on this But more than one on the topic doesn't hurt so yes I think it could be a possibility Countries that are weak in the international financial system may look to diversify their holdings to a basket not controlled by a central banking system or subject to heavy rules in order to get more money for their economy at the cost of their citizens needs (World Bank) So there is room for Bitcoin here
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Globetrotters
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June 18, 2014, 12:36:39 AM |
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Just published an article which roughly covers this. While bitcoin isn't the Messiah (still too small/too unknown) poor economic circumstances within the country means, without a doubt, that the risk of adopting bitcoin is much lower than it would be in a stable economy. Here's the article via medium. https://medium.com/@JamesHDowner/loosing-trust-in-your-currency-935b1c4e8b72
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TrailingComet
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June 18, 2014, 01:36:04 AM |
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Bitcoin is rapidly growing within Argentina as things stand Non repayment of govy debt will accelerate adoption once the new dose of fx pain kicks in
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beetcoin
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June 18, 2014, 01:49:46 AM |
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Bitcoin is rapidly growing within Argentina as things stand Non repayment of govy debt will accelerate adoption once the new dose of fx pain kicks in
could this possibly be the reason for today's jump in price? it went up $20, at least so far.
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TaunSew
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June 18, 2014, 02:28:59 AM |
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Bitcoin is rapidly growing within Argentina as things stand Non repayment of govy debt will accelerate adoption once the new dose of fx pain kicks in
could this possibly be the reason for today's jump in price? it went up $20, at least so far. Possibly but ironically likely has nothing to do with actual Argentines. It's probably people in China or the States wanking at this news and buying in anticipation that Bitcoin will go up from Argentines buying. Which isn't the case because Bitcoin requires educating future users and that is something it has struggled in doing so far. Beyond the get quick rich types, nobody is really buying into Bitcoin. Bitcoin would do wonders as remittance in Africa (Western Union charges up to 20% by the end) and yet there's nobody educating Africans on the utility of using Bitcoin.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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Swordsoffreedom
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June 18, 2014, 02:29:08 AM |
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Bitcoin is rapidly growing within Argentina as things stand Non repayment of govy debt will accelerate adoption once the new dose of fx pain kicks in
could this possibly be the reason for today's jump in price? it went up $20, at least so far. The Silk Road auction was probably factored in and the price is going back to its regular rhythm Although one could easily make a bet on the price dropping near to the 26th again when the actual auction occurs for those Bitcoins. Anyways I hope that Argentina starts using Bitcoin in significant scale they need a new solution to their monetary problems and a few good entrepreneurs to build it.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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bryant.coleman
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June 18, 2014, 03:20:32 AM |
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Wonderful! Every country should follow this. US and its lapdogs such as the IMF have been trying to invade countries and use economical means to enslave the population for too long. Time has come to end this.
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BitCoinDream (OP)
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The revolution will be digital
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June 18, 2014, 10:18:56 AM |
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One of the biggest problem now Argentines will face converting their asset to BTC is no one will want their currency as an exchange. Moreover, AFAIK, Bitcoin is banned in Argentina, so there is no local exchange as such.
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bryant.coleman
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June 18, 2014, 11:07:28 AM |
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One of the biggest problem now Argentines will face converting their asset to BTC is no one will want their currency as an exchange. Moreover, AFAIK, Bitcoin is banned in Argentina, so there is no local exchange as such.
Why they need a local exchange, when global exchanges such as Bistamp are able to make fiat withdrawals to that country? Anyway we have Localbitcoins, which is specific to certain nations.
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niothor
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June 18, 2014, 12:28:21 PM |
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NO! Simple as that. Bitcoin will not create jobs , it won't increase productivity , won't raise wages. Don't forget that a lot of countries ended in bankruptcy even with the gold standard. Bitcoin isn't a miraculous cure. One of the biggest problem now Argentines will face converting their asset to BTC is no one will want their currency as an exchange. Moreover, AFAIK, Bitcoin is banned in Argentina, so there is no local exchange as such.
Source?
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boumalo
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June 18, 2014, 09:36:13 PM |
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Europe will buy bitcoins aggressively when a few big banks will fail and they will print money to reimburse depositor or perform an haircut on savings
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bryant.coleman
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June 19, 2014, 03:43:47 AM |
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Europe will buy bitcoins aggressively when a few big banks will fail and they will print money to reimburse depositor or perform an haircut on savings
Quite a few big banks failed in Cyprus last year. But no one rushed to gather their Bitcoins. Most of the people remain ignorant about Bitcoins, and they will trust the banks no matter what they do.
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TaunSew
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June 19, 2014, 04:04:56 AM |
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Europe will buy bitcoins aggressively when a few big banks will fail and they will print money to reimburse depositor or perform an haircut on savings
Quite a few big banks failed in Cyprus last year. But no one rushed to gather their Bitcoins. Most of the people remain ignorant about Bitcoins, and they will trust the banks no matter what they do. Which is what I wrote before. Some people in America and China are racing to buy Bitcoin, thinking it'll go up soon from Argentines, but in reality we can safely assume that 99.9% of Argentines will continue to be none the wiser about Bitcoin. Crypto currencies right now is like the internet back in the early 1990s. I think we still have a long way to go in educating people of alternatives like crypto currencies.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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widknokr
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June 19, 2014, 08:26:41 AM |
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Hedgefunds with bonds will rape them, that is for sure.
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Swordsoffreedom
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June 19, 2014, 09:15:44 AM |
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Europe will buy bitcoins aggressively when a few big banks will fail and they will print money to reimburse depositor or perform an haircut on savings
Quite a few big banks failed in Cyprus last year. But no one rushed to gather their Bitcoins. Most of the people remain ignorant about Bitcoins, and they will trust the banks no matter what they do. I think it is just a matter of awareness and ability once people realize that it is easy to use and make transactions in Bitcoins there fears will be alleviated and they will start using it more often. The challenge is to make it easy for users to adopt and to transact with Bitcoin in Argentina.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Nik1ab
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June 19, 2014, 12:40:25 PM |
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Fox news? Seriously? My dog can make better reports than them.
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No signature ad here, because their conditions have become annoying.
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BitCoinDream (OP)
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The revolution will be digital
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June 19, 2014, 01:45:22 PM |
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One of the biggest problem now Argentines will face converting their asset to BTC is no one will want their currency as an exchange. Moreover, AFAIK, Bitcoin is banned in Argentina, so there is no local exchange as such.
Why they need a local exchange, when global exchanges such as Bistamp are able to make fiat withdrawals to that country? Anyway we have Localbitcoins, which is specific to certain nations. They cant use BTC-e/Bitstamp type global exchanges as their banks cant convert ARS to USD easily. U cant use ARS on these exchanges. U have to convert it and u need help of your country's bank.
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boumalo
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June 19, 2014, 07:00:39 PM |
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Europe will buy bitcoins aggressively when a few big banks will fail and they will print money to reimburse depositor or perform an haircut on savings
Quite a few big banks failed in Cyprus last year. But no one rushed to gather their Bitcoins. Most of the people remain ignorant about Bitcoins, and they will trust the banks no matter what they do. Bitcoin started raising in price after Cyprus
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GangkisKhan
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June 19, 2014, 07:17:32 PM |
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Europe will buy bitcoins aggressively when a few big banks will fail and they will print money to reimburse depositor or perform an haircut on savings
Quite a few big banks failed in Cyprus last year. But no one rushed to gather their Bitcoins. Most of the people remain ignorant about Bitcoins, and they will trust the banks no matter what they do. Bitcoin started raising in price after Cyprus Think Argentina will block their currency and ban bitcoin like China.
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