How can i buy some Bitcoin with Credit Card or PayPal or Debit Card? Why BitStamp doesn’t accept PayPal? How can i buy bitcoin without address verification? Why every Bitcoin exchange only accept Wire Transfer as a way to deposit money? These are some of the question we get daily.
There are lots of Bitcoiners who DCA- aka Satstackers. If one Satstacker ever needs to sell their BTC for USD, then the other Satstackers step up and buy from the BTC seller at the current fiat market rate. This isn't a ponzi. It's a decentralized insurance/call option with no expiration.
It is very rare for all Satstackers to sell Sats at the same time. Most stack and HODL. The reason Bitcoiners DCA into Bitcoin is because they believe in Bitcoin and the rules it follows. Bitcoin Satstackers represent a continuous flow of Fiat into Bitcoin. Bitcoin Satstackers are a core pillar of the Bitcoin community.
[ Bitcoin ] 544 BTC were traded in Venezuela using LocalBitcoin (up from 394 BTC) last week, buying BTC with FIAT and selling BTC for FIAT. 544 BTC are 1,019,046,000,000 Bs. (Bolivares). One BTC is around 2,100,000,000 Bs. Monthly minimum wage is less than 5 USD (50,000 satoshis)
08-31 07:36 - 'Very happy for you. Argentina is a great place to go on vacation, not so to live in. Actually intelligent people don't save in Pesos, we buy USD every time we can. Today we are legally limited to buy $200 usd per month at t...' by /u/redseven- removed from /r/Bitcoin within 457-467min
''' Very happy for you. Argentina is a great place to go on vacation, not so to live in. Actually intelligent people don't save in Pesos, we buy USD every time we can. Today we are legally limited to buy $200 usd per month at the "official" price of 73 Pesos per usd, but you can buy more "illegally" at 130 Pesos. If you plan to come over again, I suggest not paying with usd incash, instead you can sell your dollars at a higher price and paying in pesos. ''' Context Link Go1dfish undelete link unreddit undelete link Author: redseven-
08-31 07:55 - 'Argentinean here. / There are regulations on the purchase of USD. One individual con only buy 200usd per month, at a price of 70 pesos for 1usd aprox. This resulted in a black market with a high margin between prices; if yo...' by /u/monkjuice removed from /r/Bitcoin within 530-540min
''' Argentinean here. There are regulations on the purchase of USD. One individual con only buy 200usd per month, at a price of 70 pesos for 1usd aprox. This resulted in a black market with a high margin between prices; if you want to buy USD OTC you have to pay around 120 pesos per usd. This means that you can sell 1 bitcoin for around *1.6m ars*. Against the "real" price of the usd which would be around 858k pesos. Bitcoin is much easier and secure to make transactions from inside or outside the country; and sometimes people even pay (bitstamp's price + a fixed fee (1-10%)) * 120 pesos ''' Context Link Go1dfish undelete link unreddit undelete link Author: monkjuice
More and more people are hodling on to their #Bitcoin now. As per a report more than 60% of Bitcoin supply is not moved from past year, the last time it happened $BTC rallied to 20,000 USD Buy #Bitcoin and be ready for upcoming huge rally #DYOR
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