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If you intend to be a trader, always search for arbitrage opportunities (Reddit Bitcoin)

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  • If you intend to be a trader, always search for arbitrage opportunities (Reddit Bitcoin)
By: admin Posted on August 2, 2020

At the moment one bitcoin goes for ~$12200 in Venezuela.

This creates an arbitrage opportunity. Basically we can buy on American exchanges, and sell on Venezuelan exchanges (where international clients are accepted).

submitted by /u/swtij
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Categories: Crypto Currency

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436 BTC were traded in Venezuela using LocalBitcoin (down from 518) last week, buying BTC with FIAT and selling BTC for FIAT (Bolivares, Venezuelan “official” currency). These 436 BTC were 1,044,737,504,000 Bs. (Bolivares). One BTC is around 3,000,000,000 Bs. Monthly minimum wage is less than 4 USD (Reddit Bitcoin)
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