Venezuelan Bolivar

That currency will die and be replaced by a dollar equivalent

The new Venezuelan currency will be IOTA.

>>2966014
lol. don't my man you will lose your money for sure

>>2966014

If the government collapses, odds are they would scrap the bolivar

>>2966118
It was just an idea that crossed my mind and I just thought I'd get some opinions on it. This is the first time I've really considered trading for actual foreign currencies.

>>2966028
>>2966049
>>2966122
Realistically speaking, how do you think it will be replaced? It won't be a cryptocurrency since they don't have the infrastructure to support it. It'll most likely be a fiat currency like all of the others. Do you think it'll actually be a currency with the backing of the USD through some kind of trade deal or what?

>>2966166
As a Venezuelan, I recommend you to not buy this piece of shit, I even got into crypto to avoid the inflation we are currently in. We are about to see bills labeled with billions/trillions of Bolivares.

File: Venezuelan Scammer.jpg (52KB, 353x475px) Image search: [Google]

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Im a Bolivarcoin miner.
https://coinmarketcap.com/currencies/bolivarcoin/#markets

>>2966014

Venezuela is in much worse shape than many of us even realize. That country is on its way to having an economic system in which currency has no role to play. It has to burn down and start rebuilding before you should think about making any sort of bet on success in Venezuela. We're talking 10-15 years.

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do you think CACA will rule Venezuela?

>>2966400

> I even got into crypto to avoid the inflation we are currently in.

wow cool I thought andreas antonopoulos was just hyping up bitcoin when he talked about this happening, but its real

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Im Venezuelan, I can tell you that mining here its a big thing, we mine everything, we support our shitcoins, Arepacoin, Chococoin and Bolivarcoin.

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And CACA?

File: 725_aHR0cDovL2NvaW50ZWxlZ3JhcGguY29tL3N0b3JhZ2UvdXBsb2Fkcy92aWV3L2ZiNjQyNTExOTI2N2IwODQ5MjdiY2MyYjVhYzIxMDg3LmpwZw[1].jpg (70KB, 725x483px) Image search: [Google]

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Venezuela Using Pepe and Bitcoin As Currency

https://funnyjunk.com/Venezuela+using+pepe+and+bitcoin+as+currency/funny-pictures/6223558/

Internet users in Venezuela have finally quantified what it truly means to have a rare Pepe, buying and selling Pepe-themed, bitcoin-linked trading cards as a way to escape the economic control of their socialist government.
The idea of images of the popular green frog being “rare” started off as a joke on 4chan, where Randy Brito would claim that their images of Pepe were rarer and more valuable than everyone else’s. It escalated into people selling their collections of Pepe on eBay, with bids reaching up to almost $100,000 before eBay took it down.

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whos holding Arepacoin?

>>2966166
>don't have the infrastructure to support it
You mean smartphones and an internet connection?

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>>2967519
Students learn about crypto at primary school

>>2967495
Niggers are.

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Hold your rarechavez

Civil war im Venezuela has started
https://dolartoday.com/ejercito-venezolano-se-levanta-contra-la-dictadura/?new=1

>>2966014
dont buy the latin america equivalent of zimbabwe, you literally have no idea what you are doing. If you want to profit off of venezuela. Buy property, WHEN not if but WHEN maduro regime falls money will come back into the system

If maduro fall then the currency will go up and bitcoin down?

Time to sell bitcoin then?

>>2966014

The Bolivar isn't like the British Pound. It's not a stable currency, and Venezuela doesn't have a stable government. When a currency has 800% inflation (or whatever the Bolivar is now), its in a free fall. This creates a black market demand for more stable currencies like the USD, and confidence in their national currency is completely lost.

One of two outcomes will happen. The first is that the government will create a 'New Bolivar', where 1 New Bolivar = 100,000 Old Bolivars, and they'll give citizens a month or so to trade in their old currency for the new one. This won't do anything economically in the short term besides change public perception. The 2nd outcome is the government collapses, and another one comes in and creates their own currency separate from the Bolivar..

What's going on in Venezuela?

>>2966014
>economy is tanking and government being overthrown
>buys the currency backed by the full faith and credit if the (collapsing) government
Lad, you might just be one of the biggest retards on the planet. Your parents absolutely made a mistake

>>2966166
Look at the case of Ecuador. Venezuela will become a "dollarized" economy, aka, poor, but with a currency pegged to the dollar

I don't think buying property there makes any sense. Even when they get a new, rational government, I don't see people repopulating their country (most of the diaspora is permanent, perhaps).

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Why buy if you can print?

lol dont buy anything in venezuela. EVER.

LOL. This is the worst investment advice i have ever heard. The Bolivar will NEVER. count it, NEVER rise against the dollar.

Ever.

It will be replaced before that countries currency can rally. LOL. Unbelievable.

This is literally like buying Saddamn's money and saying "well the war will be over soon it'll go up

You can still buy junk bonds like Goldman did