Venezuela In Chaos After Maduro Announces Massive 95% Devaluation, New FX Rate Tied To Cryptocurrency
The situation in Venezuela just keeps spiraling downward.
Today, the Venezuelan leader announced that the currency will be tied to the value of the new cryptocurrency called the Petro.
This caused a massive devaluation of the bolivar.
Click on image to read full article.
it is crazy to me that a country is using cryptocurrency like this...really makes me feel we were all on to something before it became something
Hahahahaaa... True, as the world turns...
What happens in Venezuela is the perfect opportunity for a whole country to adopt cryptocurrencies as the main basis of its economy. You have to see the light on the other side. Dear Venezuelans, see the light, because in the middle of that chaos you are in,
This is the beginning of the story they want to build.
tqm
Cryptocurrency is taking over...
Live, here, there, it's everywhere! Quick look out of your window!
Here in Argentina you win money having bitcoin or steem thanks to the inflation and devaluation of the national currency too. You know what that means. Cryptos will make an economic coup soon.
The Argentine thing stings and spreads. They made a hyper credit to the IMF. of 50 000 million dollars. Soon his economy would collapse like the Venezuelan one. The idea is to provoke a South American spring.
The idea of who? Here in Arg doesn't govern the left wing. Is the right wing who is in power, not Cristina Kirchner., Macri the friend of Trump.
We are in a crisis of biblic proportions that would make see the Venezuelan crisis as a joke when it explodes.
But hey, I have cryptos so I give a fuck!
Exactly my point...
Let me be clear about this. Petro is a scam. I see a lot of comments seeing this as an opportunity and a good thing for cryptocurrencies but all of you are missinformed. Right now, we have zero chance to invest in cryptocurrencies because we have zero freedom in our economic choices.
So please stop telling lies about what you don´t know, this is just goverment propaganda based in fake information. This is bad for the cryptocurrencies in general, petro value is less than zero because is just a scam and in reality, there are just a communist reform made to take control over every private asset in the country.
By the way, things like this are making steemit a big steaming pile of shit, stupid bad content made trending by the use of bid bots. You should be ashamed.
If you look at Turkey, the same will happen here. They are buying BTC like crazy after the lira has fallen!
The only problem with Turkey is that they are so connected to Europe.
Watch rhis space!
@alhoppo
Turkey are slowly trying to break their ties with Europe and build closer alliances with China, Iran, Russia etc. This is why Turkey is facing this economic attack from America.
And Erdogan desperately wants to remain on his glorious Sultan seat. =)
I agree with you.
In Venezuela we suffered that economic attack. With the difference that the government does not know how to defend itself.
And there is a lot of corruption, as in Iran.
They are Smart
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