01-23-2023, 12:47 PM
30 BTC were traded in Venezuela (Only using LocalBitcoins), 10% increase from last w
<!-- SC_OFF --><div class="md"><p>Hi crypto brothers, as you probably know I'm Venezuelan "living" here that believes in crypto probably because I live in a country where the fiat currency is worthless (since 2007, 14 zeroes have been removed from it).</p> <p>I have been posting this for over 5 years now!</p> <p>One BTC traders now at around 490,000 Bs. (Bolivares), exchange rate is around 21 Bs. per USD. Before any zero removal it would have been <strong>49,000,000,000,000,000,000 Bs.</strong></p> <p>Othes CEX used are Binance, Reserve, AirTM among others. I use LocalBitcoin as a sample because it has an API and some pages get that information and put it in a easy way!</p> <p>Inflation las been crazy last months, I have been a bit anxious and depressed about that lately ( months ago it was much more stable to be honest). </p> <p>Last year inflation is estimated to be over 300% (way better than last years where it was over 180,000% !!!!!)</p> <p>People use crypto to avoid inflation, receive remittances and exchange mining profits (as I always say, electricity is free for now). </p> <p>Monthly minimum wage is 130 Bs. so 6.5 USD monthly!</p> <p>One teacher has a wage of around 10 USD and one professor from the university around 60 USD (monthly).</p> <p>Average wage is 100 USD monthly.</p> <p>When someone says FIAT is good and crypto is bad, show them this post! As always, any question let me know!</p> <p><a href="https://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/?utm_source=reddit.com">https://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/?utm_source=reddit.com</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> </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/10iqlza/30_btc_were_traded_in_venezuela_only_using/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10iqlza/30_btc_were_traded_in_venezuela_only_using/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Hi crypto brothers, as you probably know I'm Venezuelan "living" here that believes in crypto probably because I live in a country where the fiat currency is worthless (since 2007, 14 zeroes have been removed from it).</p> <p>I have been posting this for over 5 years now!</p> <p>One BTC traders now at around 490,000 Bs. (Bolivares), exchange rate is around 21 Bs. per USD. Before any zero removal it would have been <strong>49,000,000,000,000,000,000 Bs.</strong></p> <p>Othes CEX used are Binance, Reserve, AirTM among others. I use LocalBitcoin as a sample because it has an API and some pages get that information and put it in a easy way!</p> <p>Inflation las been crazy last months, I have been a bit anxious and depressed about that lately ( months ago it was much more stable to be honest). </p> <p>Last year inflation is estimated to be over 300% (way better than last years where it was over 180,000% !!!!!)</p> <p>People use crypto to avoid inflation, receive remittances and exchange mining profits (as I always say, electricity is free for now). </p> <p>Monthly minimum wage is 130 Bs. so 6.5 USD monthly!</p> <p>One teacher has a wage of around 10 USD and one professor from the university around 60 USD (monthly).</p> <p>Average wage is 100 USD monthly.</p> <p>When someone says FIAT is good and crypto is bad, show them this post! As always, any question let me know!</p> <p><a href="https://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/?utm_source=reddit.com">https://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/?utm_source=reddit.com</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> </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/10iqlza/30_btc_were_traded_in_venezuela_only_using/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10iqlza/30_btc_were_traded_in_venezuela_only_using/">[comments]</a></span>