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He didn't lose that much with Bitcoin, some other countries have lost x300% their currency value over the past 10 years with Fiat. Argentina for example, has lo
by meerita 4y ago
He didn't lose that much with Bitcoin, some other countries have lost x300% their currency value over the past 10 years with Fiat. Argentina for example, has lost x1900% the currency value over 23 years.
- davidhowlett 4y agoThis might be a wording issue but how can a currency lose more than 100% of its value?
- deleted 4y ago[deleted]
- kman82 4y agoAgreed. I’m confused
- randiantech 4y agoI think it relates to exchange rates. On 2001 1 US Dollar = 1 Argentinian Peso. On 2023 1 US Dollar = 185 Argentinian Pesos. In truth, thing is much worst, because you wont get 1 US dollar anywhere (nor banks, financial orgs, or privates will sell it for that price). On the market is close to 1 US Dollar = 360 Argentinian Pesos.
- meerita 4y agoThey have printed so many argentinian pesos that its value decreased notably. Right now, you need 360 pesos in the black market to acquire 1 dollar. 23 Years ago with 1 pesos you acquired 1 dollar.