every time I sell bitcoin for argentinean pesos I contemplate the fact that I'm trading the absolute best money in history for one of the shittiest moneys in existence
Discussion
Cuban peso is the best money 🇨🇺
What if you used your bitcoin as collateral instead? Don't gamble it away by selling something that might be exponentially more than pesos in the long term.
haha, that sounds like gambling to me 😅
Perhaps, if you can't repay the fiat loan that leverages the Bitcoin. Otherwise, you're keeping ownership of your Bitcoin and simply using it as an asset to draw line of credit, similar to other hard asset as a car or house.
there are no free lunches; the world is extremely overfinancialized, which is a big part of the problem. I sleep more comfortably by selling bitcoin when I need to buy something rather than taking that risk.
I actually think is WAY more economical not to leak my power/attention into having to monitor these things plusthe relentless exposure to hidden counterparties in such trade.
The risk you are talking about is in the event that BTC goes down. It all depends on your expectations in this regard. In consideration of the current expectations about the value of BTC and to avoid exposing yourself to the risk that worries you, you could take out a short-term loan (f.e. 3 months) with an early payment option without penalty.
Anyway, it’s just an idea.
That is a good idea
As long as the grocery store only accepts fiat it's what you have to do sometimes. But at least you're keeping your savings in Bitcoin.
Shocking how people can accept such garbage for their scarce time and resources.
🤣 so true... hey at least you can burn it if the power goes out!
We should only sell our Bitcoin for the necessities of life, and then only if we do not have any other assets available to exchange.
This is my case
Pablo have you tried using any of the btc debit cards there?
We are thinking about heading to Tigre Delta again but mostly bankless this time. I don't want to participate in their black market cambios...
Also I just found this : https://wise.com
In the fine print you are absolutely not allowed to buy crypto, it's a Blackrock biz, but it might simplify the money madness.
You can exchange shitty money for shitty money, with ease!
🥲