05-03-2021, 11:55 AM
54 BTC were traded last week only using LocalBitcoin in Venezuela, a 9 BTC decrease
<!-- SC_OFF --><div class="md"><p>Hi guys, Venezuelan living here.</p> <p>LocalBitcoin drop has been steady since a few months ago, main reason is the start of Binance allowing P2P trade between cryptos and Bolivares, not only Bitcoin but BNB, BUSD, USDT, BTC and ETH.</p> <p>Even that, we are leader in the LocalBitcoin usage even when compared to much bigger economies:</p> <p>​</p> <ul> <li>Venezuela: 54</li> <li>Colombia: 44</li> <li>Europe: 28</li> <li>USA: 28</li> <li>Peru: 13</li> <li>Chile: 8</li> <li>Argentina: 6</li> <li>Brazil: 6</li> </ul> <p>​</p> <p>That is a way of sending remittances to Venezuela and also saving money if you earn Bs. (of course not if you have monthly minimum wage income).</p> <p>Yesterday, goverment announced a increase the in monthly minimum wage from 1,800,000 Bs. (around 0.6 USD) to 7,000,000 Bs. (around 2.4 USD). Also there is a monthly "food bonus" in cash of 3,000,000 Bs. So total minimum monthly income is set at 10,000,000 Bs, around 3.5 USD.</p> <p><a href="https://www.reuters.com/world/americas/venezuela-raises-minimum-wage-fourth-year-hyperinflation-2021-05-01/">https://www.reuters.com/world/americas/venezuela-raises-minimum-wage-fourth-year-hyperinflation-2021-05-01/</a></p> <p>You cannot live with that, one NGO called CENDA states you need at least 300 USD monthly for a 5 members family to survive without any luxury.</p> <p>Another NGO did a better research about the wages in Venezuela and found out the average wage of the private sector is around 70 USD monthly and the public sector is around 5 USD.</p> <p>Sorry about the recent flood of Venezuelan post, I know it might be funny thinking that 1000 moons (as example) can make a difference here, but sadly is true.</p> <p>Sources (PLEASE check them!!!):</p> <p>Drew Brinsky video (US traveler that came here a few months ago)</p> <p><a href="https://www.youtube.com/watch?v=JJ7A8J9O-3Y">https://www.youtube.com/watch?v=JJ7A8J9O-3Y</a></p> <p><a href="https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/">https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/</a></p> <p><a href="https://www.usefultulips.org/combined_VES_Page.html">https://www.usefultulips.org/combined_VES_Page.html</a></p> <p><a href="https://www.caracaschronicles.com/">https://www.caracaschronicles.com/</a></p> <p><a href="https://coin.dance/volume/localbitcoins/VES/BTC">https://coin.dance/volume/localbitcoins/VES/BTC</a></p> <p><a href="https://localbitcoins.com/buy-bitcoins-online/ves/">https://localbitcoins.com/buy-bitcoins-online/ves/</a></p> <p><a href="https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H">https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H</a></p> <p><a href="https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/">https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/</a></p> <p><a href="https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/">https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/</a></p> <p>Any other question AMA!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/WorkingLime"> /u/WorkingLime </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n392so/54_btc_were_traded_last_week_only_using/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n392so/54_btc_were_traded_last_week_only_using/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hi guys, Venezuelan living here.</p> <p>LocalBitcoin drop has been steady since a few months ago, main reason is the start of Binance allowing P2P trade between cryptos and Bolivares, not only Bitcoin but BNB, BUSD, USDT, BTC and ETH.</p> <p>Even that, we are leader in the LocalBitcoin usage even when compared to much bigger economies:</p> <p>​</p> <ul> <li>Venezuela: 54</li> <li>Colombia: 44</li> <li>Europe: 28</li> <li>USA: 28</li> <li>Peru: 13</li> <li>Chile: 8</li> <li>Argentina: 6</li> <li>Brazil: 6</li> </ul> <p>​</p> <p>That is a way of sending remittances to Venezuela and also saving money if you earn Bs. (of course not if you have monthly minimum wage income).</p> <p>Yesterday, goverment announced a increase the in monthly minimum wage from 1,800,000 Bs. (around 0.6 USD) to 7,000,000 Bs. (around 2.4 USD). Also there is a monthly "food bonus" in cash of 3,000,000 Bs. So total minimum monthly income is set at 10,000,000 Bs, around 3.5 USD.</p> <p><a href="https://www.reuters.com/world/americas/venezuela-raises-minimum-wage-fourth-year-hyperinflation-2021-05-01/">https://www.reuters.com/world/americas/venezuela-raises-minimum-wage-fourth-year-hyperinflation-2021-05-01/</a></p> <p>You cannot live with that, one NGO called CENDA states you need at least 300 USD monthly for a 5 members family to survive without any luxury.</p> <p>Another NGO did a better research about the wages in Venezuela and found out the average wage of the private sector is around 70 USD monthly and the public sector is around 5 USD.</p> <p>Sorry about the recent flood of Venezuelan post, I know it might be funny thinking that 1000 moons (as example) can make a difference here, but sadly is true.</p> <p>Sources (PLEASE check them!!!):</p> <p>Drew Brinsky video (US traveler that came here a few months ago)</p> <p><a href="https://www.youtube.com/watch?v=JJ7A8J9O-3Y">https://www.youtube.com/watch?v=JJ7A8J9O-3Y</a></p> <p><a href="https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/">https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/</a></p> <p><a href="https://www.usefultulips.org/combined_VES_Page.html">https://www.usefultulips.org/combined_VES_Page.html</a></p> <p><a href="https://www.caracaschronicles.com/">https://www.caracaschronicles.com/</a></p> <p><a href="https://coin.dance/volume/localbitcoins/VES/BTC">https://coin.dance/volume/localbitcoins/VES/BTC</a></p> <p><a href="https://localbitcoins.com/buy-bitcoins-online/ves/">https://localbitcoins.com/buy-bitcoins-online/ves/</a></p> <p><a href="https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H">https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H</a></p> <p><a href="https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/">https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/</a></p> <p><a href="https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/">https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/</a></p> <p>Any other question AMA!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/WorkingLime"> /u/WorkingLime </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n392so/54_btc_were_traded_last_week_only_using/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n392so/54_btc_were_traded_last_week_only_using/">[comments]</a></span>Kind Regards R