Imagine your currency devalues ~25%, so you decide to hedge against inflation...

Jack Wright
Jack Wright

Imagine your currency devalues ~25%, so you decide to hedge against inflation and buy bitcoin at a $3000 premium, right before it crashes to sub $10k

Attached: ar-flag-min.jpg (178 KB, 3500x2334)

Xavier Harris
Xavier Harris

Why would they need to buy at a premium? Are they restricted to a special Argentina-only exchange?

Asher Flores
Asher Flores

Why would they need to buy at a premium?
because nobody will sell you BTC for your shitty pesos

Bentley Sanchez
Bentley Sanchez

Peso will be worth zero in a few months.

Adrian Perez
Adrian Perez

Even if you pay in dollars, everyone charges a premium here

Anthony Brooks
Anthony Brooks

Imagine can't buy potatoes with BTC because the blackout.

Nathaniel Clark
Nathaniel Clark

care to explain to a zoomer? so out 1btc and 10k price youre stating that a state HAS to buy at a 30% premium to buy crypto? wtf

Grayson Reyes
Grayson Reyes

Think from the opponent's side. Would you want to invest pesso? How could you persuade someone to trade pesso with BTC?

Jacob Russell
Jacob Russell

potatoes
It's called peso moron

Ethan Long
Ethan Long

okay I understand nao. I thought op meant the country itself as in the goverment bought btc at a 30% premium just because they are a country or something kek

Wyatt Smith
Wyatt Smith

on another note if an individual wanted to trade btc for argie peso and you know the peso will continue to devalue couldnt you just "short it" and is that thinking jewy?

Ethan Torres
Ethan Torres

you are fucking retarded, stop breathing
thats not how it works retard, you can convert peso to dollars
ll 3rd worth shithole charge a premium for btc, no matter where or what currency see

Alexander Scott
Alexander Scott

you are fucking retarded, stop breathing
no u

Charles Perez
Charles Perez

This is the inverse USD/ARS weekly chart. It looks worse than many shitcoins but is actually the currency of an entire nation. Short term moves are irrelevant, in the long run they are much better off holding usd, btc, and even some shitcoins.

Attached: USDARS-inverse.png (51 KB, 1828x944)

Tyler Harris
Tyler Harris

buy low, sell high right? isnt a good to accumulate the currency of a rich resource country while its low and sell the top

Ryan Morales
Ryan Morales

BTC is much easier to get and hold over $. Everyone tries to steal $100 bills. You measure BTC against $ but in argentina they see it against their peso. BTC passed ATH in May in argentina.

Easton Adams
Easton Adams

Argentines are still ahead of the game if they bought BTC at its ATH of $20K.

Yes, if they did it two days ago they got hurt, but in six months, they'll still be better off with BTC than holding pissos.

Jackson Baker
Jackson Baker

mfw going to buenos aires on the 26th

I just hope it falls a little bit more, I've already cancelled the reservation I had in a Palermo hostel, with the same money I might find a fancier hotel. Go bears go.

Ayden Bailey
Ayden Bailey

its never a good idea to accumulate currencies for long their horrible stores of wealth. Bezos doesn't keep a billion in BOA even though he's worth hundreds of billions

Christian Gutierrez
Christian Gutierrez

Lol accumulate the currency of a populist government that can, and will, print it to the ground. The next government will print pesos like there's no tomorrow, they're going the Venezuela road.

Ian Young
Ian Young

this last goverment larped as non-populist now they are doing all populist shit to scrap some votes
and they destroyed the peso more than the "actually populist" previous govt

Hudson Sanders
Hudson Sanders

They've been ahead since may. Central banks are pumping BTC

Aiden Clark
Aiden Clark

smart argentinians were stacking USD and EUR. almost all black markets in south america are dealt in dollars

Connor Wright
Connor Wright

No we dont you stupid fuck. There are a shit ton of exchange houses in CABA and they only charge the usual Bitstamp price +2%. There is no kind of 30% premium. Maybe one exchange tried to pull that shit but you can easily exchange to both dollars and btc for the regular price

Disable AdBlock to view this page

Disable AdBlock to view this page

Confirm your age

This website may contain content of an adult nature. If you are under the age of 18, if such content offends you or if it is illegal to view such content in your community, please EXIT.

Enter Exit

About Privacy

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners.

Accept Exit