Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
thezerg
on 19/02/2015, 22:11:21 UTC
Would there actually be a market for a Bitcoin whale to travel to an economically stricken country with a trezor wallet packed with 100s+ BTC and sell them locally?

Anyone think this sort of thing happens? Serious question. Just musing on the idea.

Interesting idea.

Risky (as in risky to your short/long term health)

You couldn't just parachute in and set up shop. There's all sorts of local knowledge that would be necessary to operate. It would take a certain type of person to be successful at that trade, but I'm sure it's possible.


I know a guy who knows a guy who knows a guy.



I think there's an education and volatility problem.  Otherwise we'd be seeing BTC trading at a premium against the USD in places like Argentina and Venezuela.  But AFAIK, it basically trades on par against the local currency with the "blue rate" USD.