(Venezuela) Last week volume traded in Localbitcoin was 1,309 BTC (ATH is 1,974) . One BTC is around 9,100,000 BsS (ATH). Monthly minimum is 4,500 Bs or 1.8 USD. Two weeks ago BTC price was 3,300,000 Bs.S and minimum wage was 4.6 USD. 2018 inflation was 1,700,000%

Hi guys, Venezuelan living here. Things are really hard here, even if you have some BTC or USD prices are increasing. Basically I have to support (or at least try) my whole family.

One monthly minimum wage is around 50,000 satoshis. Daily that would be around 1,700 satoshis.

All of this is calculated using street exchange rate, but even if you use the "official" exchange rate the situation is almost the same, monthly minimum wage would be 5,22 USD PER MONTH.

2018 inflation rate was around 1,700,000% https://www.brecorder.com/2019/01/10/464580/venezuelas-annual-inflation-surges-to-1-7-million-percent/

https://coin.dance/volume/localbitcoins/VES/BTC

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

AMA.

submitted by /u/WorkingLime
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Bitcoin – The Currency of the Internet

I’m tellin’ ya-#Bitcoin is going through capitulation. The moment *everyone* is exhausted from the ~7k to 9k, ~9k to ~7k, & completely over it-that’s the moment it will break ATH. At the end of the day, all prices aside, $BTC is changing the world we live in. And that’s exciting

I'm tellin' ya-#Bitcoin is going through capitulation. The moment *everyone* is exhausted from the ~7k to 9k, ~9k to ~7k, & completely over it-that's the moment it will break ATH. At the end of the day, all prices aside, $  BTC is changing the world we live in. And that's exciting submitted by /u/frankreddit5
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Bitcoin – The Currency of the Internet

PSA: Now is the time to get verified on your favorite exchange so you are not fumbling around and bitching last minute during the next ATH.

Bitching about how:

• Everything is broken and going to crash and burn in hell

• They are thieves trying to screw you over

• They can't get their shart together

• They won't respond immediately to your email that is identical to 20k other emails that they received in the past 12 hours

• You missed out on that sweet dip price that only lasted 12ms

• You missed that sweet ATH sell price that only lasted 12ms

• Everybody should dog pile and boycot

Additional notes:

• Assume no one takes credit cards or paypal

• Call your bank BEFORE you try to make a transaction IN or OUT to pre verify so you do not get flagged for a fraud transaction that has the potential to lock up funds for an indeterminable amount of time

• Move your funds in to the exchange the day or week before you intend to purchase

• If you need your funds deposited faster than a bank or wire transfer to your exchange use a debit card if the option is available

• make a bank transaction or a test debit card transaction before you intend to make your full buy or sell, this will give you time to work out any kinks with your bank or verification

• If you do not want to give access to your bank or bank debit card try using a prepaid debit card

• Get setup on more than one exchange to give you options if your preferred exchange goes down when you need it

Please feel free to add to the list as it is not all inclusive.

submitted by /u/markinthepit
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Bitcoin – The Currency of the Internet