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Topic: Bitcoin trading volume hits record high in hyperinflationist Venezuela (Read 255 times)

KassandrHicks

Newbie

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Activity: 24
Merit: 0

Re: Bitcoin trading volume hits record high in hyperinflationist Venezuela

October 05, 2018, 06:05:50 PM

#21

A currency starts to lose its value; people will become desparate for a new investment. Same in Venezuela, people saw the potential of bitcoin and started investing in it. Thus the record high volume of bitcoin trading.

KryptoKai

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Activity: 630
Merit: 100

Re: Bitcoin trading volume hits record high in hyperinflationist Venezuela

October 05, 2018, 06:22:33 PM

#22

Bitcoin is easier to protect than gold. If you buy gold and hide it in your home, someone is likely to find out and rob your home. Bitcoin can be purchased without anyone knowing about it, and the local thugs probably won't know much about bitcoin anyway

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Antinomist

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Activity: 42
Merit: 0

Re: Bitcoin trading volume hits record high in hyperinflationist Venezuela

October 05, 2018, 07:27:44 PM

#23

Bitcoin hitting record breaking trade volume in Venezuela yet again reminds the world of Bitcoins popularity. This is a result of the great inflation in Venezuela, as people are trying to transfer the money to bitcoin to fight against the devaluation.

pixie85

Hero Member

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Activity: 2184
Merit: 531

Re: Bitcoin trading volume hits record high in hyperinflationist Venezuela

October 05, 2018, 09:17:17 PM

#24

We keep hearing about all time highs in Iran and Venezuela and somehow the price of Bitcoin worldwide is still low and doesn't rally at all. The price can be high on some exchanges but if the volume is low it will not impact Bitcoin at all. If somebody somewhere buys 10 Bitcoins for 50000 USD each it won't change anything.

QuestionAuthority

Legendary

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Activity: 2156
Merit: 1393

You lead and I'll watch you walk away.

Re: Bitcoin trading volume hits record high in hyperinflationist Venezuela

October 05, 2018, 09:27:22 PM

#25

Completely fabricated news! So is that with this forum boils down to now? Every thread just complete and udder bullshit. You know OP, its not real difficult to track volume on something as transparent as bitcoin.

The merit system isnt working. Read this thread to see why.

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