Local.Bitcoin Venezuela: Unmasking Reality!

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Avatar for CryptoTranslator
4 years ago

In Venezuela during the last years the administration of the Local.Bitcoin site is in charge of a group which only works for its own benefit creating a monopoly (Luis), without some exchange standards, only its own benefit, that same group is the one that has been promoting adoption for a long time and despite receiving multiple supports (dollars), they still have plunged the Venezuelan BCH market into an absurd failure.

This group has been responsible for creating users from micro transactions and cheating the leaders of Bitcoin internationally, selling BCH / VES at reference rates of 110% and with BCH purchase offers of less than 80% of the value in VES (bs) is It is impossible for any merchant to receive BCH if they are going to lose 20% or 25% of the value of their merchandise. Under these conditions the exchange market in Venezuela will never progress, they have killed their volume.

Now these same subjects are deciding to attack George Donnelly with his entrepreneurial vision and BCHLATAM!

Please Bitcoin_Cash_House, Luis Rodriguez, Oliver and Vakano must respect the work of new entrepreneurs and move away, or simply take their rightful place. I hope you learn or will continue to unmask realities.

The current value VES x $ = 75,000 Bs. (06/02/2020) MonitorDOLAR

This mafia offers new users 1BCH = 36,000,000 Bs or 1BCH = 480 $

This same mafia with multi-users offers to buy VES / BCH = 25,000,000 Bs, based on the current rate of $ 441 (10:30 pm Colombian time). Them will pay you 56,681 Bs / $.

If 75,000 bs is the current rate of 1 $ free reference rate in Venezuela, now imagine selling your BCH to receive only 56,000 Bs, it is only 75% of its real value.

No more mafias in Local.bitcoin...

All to add to put BCH in BCHLATAM!

Your CryptoTranslator says goodbye ... Translating what you apparently don't understand!

2
$ 1.43
$ 0.50 from @CryptoSpanish
$ 0.25 from @Read.Cash
$ 0.18 from @majamalu
+ 1
Avatar for CryptoTranslator
4 years ago

Comments

I think it's just a question of time. local.bitcoin.com is barely 1 year old. The more providers you have - the better the exchange rate (at least it should be).

$ 0.00
4 years ago

My response to these accusations:

https://read.cash/@DarthRoison/answer-to-my-first-hater-2dcb4919

I clarify that I do not seek to prolong the conflict.

$ 0.50
4 years ago

I think the best way to address the issue you describe is to onboard more sellers and get more buyers, and then competition may take care of providing the market with a better rate. After all, local.bitcoin.com is a free market.

Getting better liquidity for BCH in Latin America is definitely one of my goals.

I am led to believe some of the information in your piece may not be 100% accurate. As a writer myself, it is a good practice to ensure things are true before publishing, or at least to hedge your claims when you don't have clear evidence in your possession. Also, when writing about someone, it's a good idea to get their perspective before publishing.

I appreciate your endorsement of our right to pursue our goals. Hopefully we can keep drama to a minimum and focus on building in complementary ways.

Let's all build together!

$ 0.10
4 years ago

Local.bitcoin is an amazing tool!It is very sad for Venezuela adoption.

$ 0.00
4 years ago