and soon they will retire the p2p, according to what I read.
Mufer23
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The use of cryptocurrencies in Venezuela, especially through P2P (peer-to-peer) systems, has gained popularity due to the country's economic situation, which includes hyperinflation, exchange controls, and financial restrictions. Here I explain how P2P cryptocurrency trading works in Venezuela.
Advantages of P2P in Venezuela 🇻🇪 - Access to foreign currency: Allows Venezuelans to access dollars or other currencies through cryptocurrencies like USDT. - Protection against inflation: Cryptocurrencies are a way to safeguard the value of savings against the devaluation of the bolívar. - Ease of use: P2P platforms are easy to use and do not require advanced technical knowledge. - Fewer restrictions: P2P allows operations without relying on banks or traditional financial institutions.
Risks and challenges - Scams: Some malicious users may try to deceive others, so it is important to use reliable platforms and verify the seller/buyer. - Volatility: The price of cryptocurrencies can fluctuate rapidly. - Regulation: Although the Venezuelan government has shown interest in cryptocurrencies (for example, with the Petro), legal uncertainty still exists. - Payment limitations: Some payment methods, such as Zelle or PayPal, may block accounts if they detect activities related to cryptocurrencies.
Tips for trading in P2P - Use platforms with reputation systems and escrow (fund custody). - Verify the identity and reputation of the buyer/seller. - Avoid sharing personal information outside the platform. - Start with small transactions at first to build trust.
In summary, P2P cryptocurrency trading in Venezuela is an important tool for accessing foreign currencies and protecting the value of savings, but it requires caution and knowledge to avoid risks.
$PEPE what would happen if all of us who operate in crypto came together to form a united community and plan each movement in advance and invest in the same currency simultaneously without a doubt we would all be millionaires we would beat the system but I doubt that will happen that's why the world is like this there is no unity.
A remarkable 19.39% of the sample expects an increase in crypto regulations in the next 12 months, while 16.1% anticipate greater participation of traditional financial institutions and institutional investors in the crypto space. At the same time, 16.51% foresee a broader implementation of Blockchain technology in real-world applications.
The crypto market has gone from euphoria to caution. The largest cryptocurrency has accumulated a 9% drop in three days and a 13% correction in three weeks. One of the most followed crypto references, the fear and greed index, opens the door to even steeper falls.
The crypto market, after signing a brilliant 2024, faces the first setback of the newly inaugurated year, both at the price level and at the level of expectations. Optimism for the 'Trump effect' persists, but the impact of the 'Fed effect' deflates. One of the main bullish stimuli expected for 2025, the Fed's rate cuts, has been halved.
Bitcoin’s drop is mainly due to strong US economic data pointing to potential interest rate hikes. This development makes cryptocurrencies less attractive as investments, while signals from the Federal Reserve about tighter monetary policy further intensify market corrections.”
Bitcoin’s drop to $90,000 could happen before a true rally begins Bitcoin price could fall below the $90,000 level before embarking on a strong rally above $126,000, according to market analysts.
Despite this, analysts remain optimistic about Bitcoin’s price trajectory, with some expecting a cycle top above $150,000 by the end of 2025, fueled by a projected $20 trillion increase in global money supply, which could attract $2 trillion of investment into BTC.
The net volume of BTC takers on Binance according to CryptoQuant has turned strongly negative, signaling increased selling pressure.
So far, economic data seems to be responsible for this decline, considering that stocks are also in decline. The rise in 10-year Treasury bond yields generated panic among some sectors.
In approximately two weeks, Donald Trump's presidential inauguration will take place in the United States. During the last few days, investors were excited about the possibility of an uninterrupted rally, at least until January 20. However, Tuesday's data suddenly cooled spirits.
We must remain strong, it is only part of a correction and then we will be green.
#CryptoReboundStrategy Many claim that #HIVE is a token that is being pumped and has no solidity, but if you perform a fundamental analysis you will realize that it is a token with a track record, useful and for not long, very little known. It has a large community and a Blockchain very integrated to the web3 with its Dapps. $HIVE
Remember that starting today, you have seven days to mark your entry and accumulate points. Don't forget to complete the tasks; go run for your reward. For those who want to know where this activity is located, just go to your creator center, and there you will find it under Entry. #CryptoReboundStrategy
Remember that starting today, you have seven days to mark your entry and accumulate points. Don't forget to complete the tasks; go run for your reward. For those who want to know where this activity is located, just go to your creator center, and there you will find it under Entry. #CryptoReboundStrategy