Bitcoin makes new highs! by jondoe

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bitcoin · @jondoe ·
$3.16
Bitcoin makes new highs!
# Well if you are in Argentina that is!

The price of bitcoin has never been higher in terms of the Argentine Peso.

Check out the chart:

https://i.postimg.cc/j5D8xRvY/BTC-Argentine-peso-chart.png

(Source: https://www.ccn.com/bitcoin-price-all-time-high-argentina-2017-rally)

This is why bitcoin is a store of value.

Everyone in the US gets caught up in its USD price, but for people in other parts of the world it is very different.

Here, we see the volatility and think it can't make a good store of value, but in a place like Argentina, where their currency has experienced massive inflation...

Well it has been a great store of value!

Remember, bitcoin is global, it has appeal to those outside the US even if we see volatility in our dollars right now.
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vote details (18)
@coingecko · 
Heavy movement especially in current total crypto breakout
https://www.coingecko.com/en/coins/bitcoin/ars
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@jondoe ·
$1.39
Yep, it's nice to see. I like your site, I use it often.
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vote details (4)
@redpossum · (edited)
But look at the prices on localbitcoins. In some places you can sell BTC for cash and get up to 412,000

https://localbitcoins.com/places/1167241747/buenos-aires/
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@corndog54 · 
Argentina is wacko ðŸĪŠ
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vote details (1)
@jondoe ·
$1.36
Why is that?
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@redpossum · 
Well, yes, but please try not to be unkind. I live in Argentina, and people here are genuinely suffering.

Today we have a "paro total" which means a general strike. There is no public transportation of any kind, so most businesses are closed.
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vote details (1)
@jrcornel ·
$1.66
I think he misinterpreted why bitcoin was up. I think he just thought they were blindly buying it up, not the fact it was up because their currency is inflating so terribly.
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@jrcornel ·
$1.62
This is pretty crazy to see!
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