(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

Bitcoin is currently back at transaction levels of last year. After the dip of TXs alongside the price, it has been a steady increase throughout 2018. Value is exchanging hands. While price is consolidating, activity is growing fast. This is divergence.

Bitcoin is currently back at transaction levels of last year. After the dip of TXs alongside the price, it has been a steady increase throughout 2018. Value is exchanging hands. While price is consolidating, activity is growing fast. This is divergence. submitted by /u/Smilinmong
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Bitcoin – The Currency of the Internet

I’ve put 5% of each paycheck into bitcoin for the last 3 years.

I've used BitWage for the past 3 years to automatically get 5% of each paycheck (I'm paid weekly) in Bitcoin. During this time I've found 0 need to use my Coinbase, Circle, or Gemini accounts as now I just received bitcoins to my designated wallet the same manner I receive dollars to my checking from each paycheck. I designated a higher percentage of each check to my 401k and RothIRA and regular savings account, so Bitcoin isn't the only investment I have.

IMHO earning Bitcoin > buying bitcoin (even though I guess I'm still buying bitcoin by direct depositing dollars to bitwage and them converting to Bitcoin for me). Hodl on.

submitted by /u/6fGfGsz70s2dX4R4jeHg
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Bitcoin – The Currency of the Internet