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btcfre@k (OP)
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July 31, 2014, 07:10:49 PM |
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massively invest in bitcoin to avoid pesos crisis?
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bitcoinanalyzer.com and havingbitcoin.com for sale
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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InwardContour
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July 31, 2014, 07:14:19 PM |
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massively invest in bitcoin to avoid pesos crisis?
I don't think they will invest in btc "massively" mainly because most people still don't know anything about bitcoins. |
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oceans
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July 31, 2014, 07:17:12 PM |
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I don't think they will invest massively as you put it because as pointed out above it's not as well known as of yet and not many people know about it. There may be cases that if people find out about it they may invest if they can.
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serje
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Activity: 1232
Merit: 1002
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July 31, 2014, 07:19:59 PM |
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massively invest in bitcoin to avoid pesos crisis?
You can't avoid a currency (pessos) crisis by investing in another currency |
Space for rent if its still trending
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LiteCoinGuy
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Merit: 1010
In Satoshi I Trust
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July 31, 2014, 07:27:27 PM |
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massively invest in bitcoin to avoid pesos crisis?
I don't think they will invest in btc "massively" mainly because most people still don't know anything about bitcoins. i go with that. |
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Ludi
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July 31, 2014, 07:50:15 PM |
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No, but I'm sure it will spur people to look for alternative ways of storing their wealth and bitcoin could pique the interest of some Argentinians. I hope they get wind of it somehow. Maybe it's out job to promote it to them somehow.
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Daniel91
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July 31, 2014, 07:59:01 PM |
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This can be dome just by the government, not ordinary people.
It's really question if they will consider Bitcoin as real solution for their problems.
But, if they do, it will really help not just them but also us, in the term of popularity, global acceptance etc...
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cr1776
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July 31, 2014, 08:09:59 PM |
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If they could do so - with gold, silver, dollars or bitcoin - they would do so. The problem is multi-fold: import/export controls, capital controls, and finding people who want pesos.
I feel for the people of Argentina who are being used and abused by power-hungry authoritarian statists who care only for themselves and their money and power instead of the people.
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beetcoin
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July 31, 2014, 08:15:57 PM |
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massively invest in bitcoin to avoid pesos crisis?
I don't think they will invest in btc "massively" mainly because most people still don't know anything about bitcoins. it can spread virally though. all it takes is a few people doing it, who know what the benefits are, and then they talk to family/friends to influence them as well. |
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jjc326
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July 31, 2014, 08:22:34 PM |
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No I think this is way different than the Cyprus thing. In Cyprus it was the government taking away people's fiat expressly. In Argentina people won't feel like they're directly losing their fiat so it shouldn't cause the people to panic as much. I could be wrong though, but the price of BTC has not shot up yet like it did when Cyprus was happening.
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Satan666
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The love of fiat is the root of all good
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July 31, 2014, 08:36:44 PM |
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No, Argentinians know better than to buy into the Bitcoin con, so they will keep licking the boots of their monetary masters.
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jbreher
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lose: unfind ... loose: untight
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August 01, 2014, 02:40:15 AM |
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You can't avoid a currency (pessos) crisis by investing in another currency
A people cannot, but a person damn sure can. |
Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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btcfre@k (OP)
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August 01, 2014, 10:19:21 AM |
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didnt we bounce when there was the cyprus crisis?why wouldnt be the same today?
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bitcoinanalyzer.com and havingbitcoin.com for sale
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abercrombie
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August 01, 2014, 05:00:33 PM |
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didnt we bounce when there was the cyprus crisis?why wouldnt be the same today?
We bounced thus far from $555 low Wed evening (U.S. time) to $607 this morning. That's only 9% though. |
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Beliathon
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August 01, 2014, 05:04:25 PM |
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Bitcoin is a lifeboat.
The smartest and most tech savvy among them will. The rest are sadly fucked. Same as in any nation, none will be spared in the coming reality check.
The hard truth is that not everyone has the presence of mind to jump off the Titanic before it has begun to sink. Most of the brainwashed masses will start swimming for their lives only once the water (hyper/inflation) reaches their necks. Some will simply drown clinging to their worthless fiat.
Go watch a herd of bison flee from some attacking predator. You will notice there are those in the front, and those in the back. The laggards get eaten. Similar deal here, (un)natural selection. It ain't pretty, but neither life nor capitalism ever were.
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tooil
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August 01, 2014, 05:43:06 PM |
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People worry about security and food when there is a crisis.
Doubt they care much about bitcoin.
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Este Nuno
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amarha
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August 01, 2014, 06:40:39 PM |
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massively invest in bitcoin to avoid pesos crisis?
You can't avoid a currency (pessos) crisis by investing in another currency What? Why not? That seems like it would be the perfect thing to do? Why would you hold a hyperinflating currency? |
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Este Nuno
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amarha
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August 01, 2014, 06:41:22 PM |
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People worry about security and food when there is a crisis.
Doubt they care much about bitcoin.
They would care if they could buy 10 times as much food with Bitcoin over the next month when compared with holding Pesos. |
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bassclef
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August 01, 2014, 06:41:34 PM |
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A percentage of people at the top with the means to acquire Bitcoin certainly will.
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Beliathon
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August 01, 2014, 07:07:07 PM |
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A percentage of people at the top with the means to acquire Bitcoin certainly will.
You can exchange 10,000 pesos for BTC. Or 100 pesos. Or 10 pesos. Or 1 peso. Anyone can do it, you don't have to be rich. Yet another anti-Bitcoin myth / FUD. |
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