http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-haven/ How Bad Does a Currency Have to Be for Bitcoin to be a Safe Haven? We recently wrote about cryptocurrency traders flocking to bitcoin and experts being confused about the cryptocurrency. The bottom line is while bitcoin is the most reliable of the online currencies it is highly volatile and potentially dangerous. Nevertheless in two nations especially traders are still buying bitcoins. These nations are Venezuela and China and traders are doing this for two different reasons. Venezuela’s currency is in free fall and we wrote recently about what caused Venezuela’s currency to fall so far. Now Bloomberg writes about Venezuelans seeking safe haven in bitcoins. Crypto coins’ gyrations require nerves of steel, but to an increasing number of Venezuelans, they’re the safest currency they can own. Demand for digital coins is soaring in Venezuela amid an escalating political crisis that has protesters demanding that President Nicolas Maduro step down. Inflation has spiraled to the triple digits, debasing the bolivar and depleting savings, while citizens struggle to find everything from food to medicine on store shelves. “If you’re going to be in something volatile, you might as well be in something that’s volatile and rising than volatile and falling,” says Ryan Taylor, chief executive officer of crypto currency Dash Core, the third-largest digital coin by number of transactions. Chaos Descends on a Country Venezuelans are in a terrible situation as their dysfunctional government sits by and lets the nation sink into chaos. People have seen their life savings destroyed as their currency has devalued more than thousand fold. With daily life in the country reduced to standing in line all day for basic necessities those who want to hold on to any monetary wealth have already converted to dollars, euros, pounds or yen and even moved out of the country . For those staying at home an option is to buy bitcoins which are volatile but likely to do better than the Bolivar. That explains Venezuelans buying bitcoins but how about the Chinese?

1. How Bad Does a Currency
Have to Be for Bitcoin to
be a Safe Haven?
By www.ForexConspiracyReport.com

2. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
We recently wrote
about cryptocurrency traders
flocking to bitcoin and experts
being confused about the
cryptocurrency.

3. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
The bottom line is while bitcoin is the
most reliable of the online currencies
it is highly volatile and potentially
dangerous.

4. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
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Before We Continue…

5. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Nevertheless in two nations especially
traders are still buying bitcoins.

6. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
These nations are Venezuela and
China and traders are doing this for
two different reasons.

7. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Venezuela’s currency is in free fall
and we wrote recently about what
caused Venezuela’s currency to fall
so far.

8. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Now Bloomberg writes
about Venezuelans seeking safe
haven in bitcoins.

9. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Crypto coins’ gyrations require nerves
of steel, but to an increasing number
of Venezuelans, they’re the safest
currency they can own.

10. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Demand for digital coins is soaring in
Venezuela amid an escalating political
crisis that has protesters demanding
that President Nicolas Maduro step
down.

11. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Inflation has spiraled to the triple
digits, debasing the bolivar and
depleting savings, while citizens
struggle to find everything from food
to medicine on store shelves.

12. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
“If you’re going to be in something
volatile, you might as well be in
something that’s volatile and rising
than volatile and falling,”

13. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
says Ryan Taylor, chief executive
officer of crypto currency Dash Core,
the third-largest digital coin by number
of transactions.

14. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Chaos Descends on a
Country

15. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Venezuelans are in a terrible situation
as their dysfunctional government sits
by and lets the nation sink into chaos.

16. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
People have seen their life savings
destroyed as their currency has
devalued more than thousand fold.

17. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
With daily life in the country reduced
to standing in line all day for basic
necessities those who want to hold on
to any monetary wealth have already
converted to dollars, euros, pounds or
yen and even moved out of the
country.

18. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
For those staying at home an option is
to buy bitcoins which are volatile but
likely to do better than the Bolivar.

19. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
That explains Venezuelans buying
bitcoins but how about the Chinese?

20. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
The Next Great Thing

21. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
A lot of people made a lot of money in
the last decades as China rose from
an isolated and backward nation to a
productive economy selling things to
the entire world.

22. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
But the economic model that drove
China’s growth since the late 1970s is
getting old.

23. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
The amount of debt that China has
built up is a threat to its continued
growth and those with money have
been moving it out of China.

24. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Last year we wondered out loud
if China will run out of money as its
cash reserves fell.

25. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
China is in the Forex news again as
money flows out of the country.

26. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
This time it has to do with a change in
how many Yuan can be converted into
foreign currencies next year.

27. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Locals are rushing to take advantage
of the current $50,000 limit.

28. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
Bloomberg discusses liquidity fears in
the land of managed capitalism.

29. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
China has made it harder to convert
Yuan to foreign currencies and move
assets offshore and growth is slowing
due to high debts.

30. http://www.forexconspiracyreport.com/how-bad-does-a-currency-have-to-be-for-bitcoin-to-be-a-safe-
haven/
But one place to put assets is bitcoins
when can then be turned into dollars,
yen, pounds or euros anywhere in the
world!