Sunday, 18 August 2019

Venezuela UPDATE from the ground. 1 BTC is around 150,000,000 Bs. A month ago it was 85,000,000 Bs. (Bolivares). Monthly minimum wage is less than 5 USD (it was 30 USD a year ago). 591 BTC were traded last week using LBTC (last week was 562) which is around 76,492,000,000 Bs. (ATH)


I'm a Venezuelan "living" here. AMA even if it looks dumb, you can also check my post history.Biggest bank note is 50,000 Bs. which is less than 4 USD. You need to use debit and credit, bank transfer, cryptos and USD to pay anything.This after 5 zeroes were shaved from the currency less than a year ago and 3 zeroes more 12 years ago. So it would be 5,000,000,000,000 Bs.Sources:http://bit.ly/2PWEg7V the minimum wagehttps://http://bit.ly/2vRnOwf Bs. per MONTH plus 25.000 Bs. as food bonus, total 65.000 Bs. Around 4 USD at street rate and 5 USD at official rate.AMA! via /r/Bitcoin http://bit.ly/2YW2GG8

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