Just like I said in the past, being in bitcoin is a hedge against the real and the dollar. But for Brazilians to be dollarized is already a difficult task. The scenarios are not nice and promising, but that makes our analysis more promising after all we need volatility to survive.
Bitcoin tends to be the most cyclical asset in existence today, and it is greatly forced by other cycles that are happening along the way...
It's wonderful to be seeing this happen.
But don't take this as a financial tip, do your own analysis and have your own beliefs. You'll need this halfway through.
To all my Brazilian friends, a hug you know where to find me.
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paying attention here. Its beautiful repeating the 2018 cycle
Lula stole trillions from the Brazilian people while in office. He was jailed for 26 counts of corruption and was released due to technicality by an extremely corrupt judicial system placed on the country while he was president. Don’t believe the hype or media. Do your own research folks ! Bolsonaro is an amazing guy and even survived a knife in his gut while celebrating his victory in 2018. I wonder why…
wargolynch
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You have USDC, DAI, ... Although EUR stablecoins are also very legit when you look at EURUSD's history since 1980. Until volatility becomes similar to gold it's just for payments (Segwit & LN), transfers, investing, long term storage of value... Certainly not for short term "hedging", especially for normal people with normal money.
QuantFuture
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@GreenValleyTrading, Surely most of the common people fail to understand the necessary tools. But just buying and holding would be a good thing for a large part of the Brazilian population that elected a President who didn't even explain his economic purpose in depth.
QuantFuture
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I still consider it a volatility move as we are not at support yet.
But anything you do risky will be better than sitting on your fiat currency.