Quote from: cAPSLOCK on June 24, 2018, 09:59:18 PM

It is one of the fundamental things that matters the most. Bitcoin is not going to displace the worlds reserve currency, or even make a dent in it before it has taken out low hanging fruit like the Bolivar.

Venezuela is one of the places hyperbitcoinization happens first.

You'll see.

Well I checked the chart for how it'd look but of course I forget Venezuela has capital controls and the exchange is only officially sanctioned. The data doesnt show for the real black market worth of a currency with 50% inflation every month, it shows for the propaganda government figure.

So the BTC VEF graph shows Bitcoin in decline compared to the outstanding government Bolivar supported rate. If BTC had a government we would never show a loss, because we lock up anyone who disagreed. Genius but people are starving in that country so I presume theres a flaw if you arent part of government top end.

Quote

25 Jun 2017 00:00 UTC - 25 Jun 2018 14:36 UTC XBT/VEF close:62465.93983 low:19293.52300 high:194116.25131

Quote from: Ted E. Bare on June 24, 2018, 10:53:23 PM

Where did the demand go?

Not sure on demand but in Japan they have made the main exchange check KYC on anyone who uses crypto. Thats a major restraint for ease of use and Japan is also a country with a declining currency for the small people maybe the most in need of a simple alternative.

Quote from: jojo69 on June 25, 2018, 12:27:35 AM

Quote from: JayJuanGee on June 25, 2018, 12:26:05 AM

I am not sure why you feel some kind of necessity to get into details about your LTC matter in this BTC thread? Aren't you off topic and in the wrong place?

CHEAP HOT ALTS

GIT YER CHEAP HOT ALTS HERE

I'm buying alts or tokens which give a yield. If its cheap and its going to be used, way cheaper then the 'ICO' was and the original utility is still there then it could be worth a buy. Pure speculation on possible maybes is going to just orbit around bitcoin price itself. Its possible for a few things to decouple and work off their actual use, there are cases out there.

6500 is a bullish test I think, in line with previous highs. A strong rise from there could occur if sentiment turns, quite a few are negative still