Quote from: Siren on February 03, 2018, 03:22:08 AM

Quote from: JavaLove on February 01, 2018, 09:50:29 PM

Quote from: Branko on February 01, 2018, 09:47:47 PM

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/

"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuelas state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."

Now that we know the cause, what should we do? Convert BTC to Petro?

So he's shorting the Bitcoin with his Petro. But I still don't believe in government crypto coins.

Any reliable source of this?

youre not helping guys,and even if venezuelan government make this possible,whats on us?is this a big loss for crypto community?we have more other issues that had faced like the one from china and the other is korea,though were experiencing the damage,but bitcoin still on its process to grow.so bother nothing as for this kind of news is nothing but purely bad propaganda

The problem is not about petro currency which already backed by oil. That's just another joke from Venezuela president. We are talking about the result of tether audit right now because a lot of people are using it to trade with crypto right now.
as long as china and korea still allow the cryptocurrency trade and it will be fine for us. They are both trying to implementing the new system to make taxation to the crypto exchange site.