New Crypto "PETRO" backed by Venezuela Gov.

[thepicknik]

Venezuela President annouce the creation of a Crypto backed by his goverment.

"PETRO"

You think is gonna work ? Its gonna be a good deal?

Lets keep money rolling

 

[Deleted member 855230]

http://money.cnn.com/2017/10/27/news/economy/venezuela-debt/index.html

 

[ContentExpert]

http://money.cnn.com/2017/10/27/news/economy/venezuela-debt/index.html

Wow, didn't realize how rough things over in Venezuela were!

Both economically and politically...

I'm not sure that "PETRO" is something I would invest in to even if I was crypto investor/trader.

 

[Deleted member 855230]

Wow, didn't realize how rough things over in Venezuela were!

Both economically and politically...

I'm not sure that "PETRO" is something I would invest in to even if I was crypto investor/trader.

Venezuela is in the middle of civil war/revolution. Starting a Crypto sounds like they're preparing to rob the country blind, before cashing out. Good Game!

 

[ContentExpert]

Venezuela is in the middle of civil war/revolution. Starting a Crypto sounds like they're preparing to rob the country blind, before cashing out. Good Game!

That's "exactly" what I was thinking.

Too obvious of a plan...

 

[darkblitzrc]

You must be a fucking idiot to invest in a crypto backed by Venezuelan government...

 

[ContentExpert]

You must be a fucking idiot to invest in a crypto backed by Venezuelan government...

It'd be stupid to invest into a Cryptocurrency that is backed by "any" government.

 

[Jiung]

It'd be a good pump and dump though, if it was made to rob the country.

 

[moonshine7000]

I would rather use Monopoly money that is something I can touch.

 

[waterworks]

i agree it might be a good pump and dump to get in on if you can watch it like a hawk. Risky though for sure.

Venezuela is nuts right now. Seems to be a very unstable country.

 

[stiger]

There would be money to be made on this. But ethically speaking you should not be investing in this as you will be paying for war and poverty.

 

[waterworks]

There would be money to be made on this. But ethically speaking you should not be investing in this as you will be paying for war and poverty.

I completely agree with this.

That being said, it won't be the first time money hungry investors throw ethics out the window to make some money.

 

[stiger]

I completely agree with this.

That being said, it won't be the first time money hungry investors throw ethics out the window to make some money.

The problem is also, just by having your money in the bank In the USA you are also funding wars. That money gets invested into a bunch of things to make money for the bank, including guns.

 

[waterworks]

The problem is also, just by having your money in the bank In the USA you are also funding wars. That money gets invested into a bunch of things to make money for the bank, including guns.

Let's stop there. I don't want this to turn into a political thread. Save those for political forums.