01-16-2023, 02:42 PM
27 BTC were traded in Venezuela last week using only Localbitcoins, monthly minimum
<!-- SC_OFF --><div class="md"><p>Hi guys, wanted to share this week stats. </p> <p>27 BTC were traded last week, a 6 BTC drop from last week.</p> <p>LocalBitcoin is the only "exchange" with an API, so we can see their stats. It's not used that much anymore (over 2K BTC were traded there years ago). Kings are Binance, AirTM, Reserve and others. </p> <p>One BTC is traderd around 420,200 Bs. (Bolivares) </p> <p>Monthly minimum wage is 130 Bs. and exchange rate is around 1 USD = 20 Bs. </p> <p>Average wage is around 100 USD </p> <p>And inflation las been crazy last months, I have been a bit anxious and depressed about that. People use crypto to avoid inflation, receive remittances and exchange mining profits (as I always say, electricity is free for now).</p> <p>Some sources:</p> <p><a href="https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/">https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/</a></p> <p><a href="https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela">https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela</a></p> <p><a href="https://coin.dance/volume/localbitcoins/VED/BTC">https://coin.dance/volume/localbitcoins/VED/BTC</a></p> <p><a href="https://coin.dance/volume/localbitcoins/VED">https://coin.dance/volume/localbitcoins/VED</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.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/">https://www.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/</a></p> <p><a href="https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/">https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/</a></p> <p><a href="https://localbitcoins.com/country/VE">https://localbitcoins.com/country/VE</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> </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/10cna7m/27_btc_were_traded_in_venezuela_last_week_using/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10cna7m/27_btc_were_traded_in_venezuela_last_week_using/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Hi guys, wanted to share this week stats. </p> <p>27 BTC were traded last week, a 6 BTC drop from last week.</p> <p>LocalBitcoin is the only "exchange" with an API, so we can see their stats. It's not used that much anymore (over 2K BTC were traded there years ago). Kings are Binance, AirTM, Reserve and others. </p> <p>One BTC is traderd around 420,200 Bs. (Bolivares) </p> <p>Monthly minimum wage is 130 Bs. and exchange rate is around 1 USD = 20 Bs. </p> <p>Average wage is around 100 USD </p> <p>And inflation las been crazy last months, I have been a bit anxious and depressed about that. People use crypto to avoid inflation, receive remittances and exchange mining profits (as I always say, electricity is free for now).</p> <p>Some sources:</p> <p><a href="https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/">https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/</a></p> <p><a href="https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela">https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela</a></p> <p><a href="https://coin.dance/volume/localbitcoins/VED/BTC">https://coin.dance/volume/localbitcoins/VED/BTC</a></p> <p><a href="https://coin.dance/volume/localbitcoins/VED">https://coin.dance/volume/localbitcoins/VED</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.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/">https://www.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/</a></p> <p><a href="https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/">https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/</a></p> <p><a href="https://localbitcoins.com/country/VE">https://localbitcoins.com/country/VE</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> </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/10cna7m/27_btc_were_traded_in_venezuela_last_week_using/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10cna7m/27_btc_were_traded_in_venezuela_last_week_using/">[comments]</a></span>