January 24, 2026

Capitalizations Index – B ∞/21M

Live Stream: Top Coin for Long Term Hold for 2018

Live stream: top coin for long term hold for 2018

Live Stream: Top Coin for Long Term Hold for 2018

Live stream: top coin for long term hold for 2018bitcoin uses peer-to-peer technology to operate with no central authority or banks;
managing transactions and the issuing of bitcoins is carried out collectively by the network.
bitcoin is open-source; its design is public, nobody owns or controls bitcoin and everyone can take part.
Through many of its unique properties, bitcoin allows exciting uses that could not be covered by any previous payment system
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange.
It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.
Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.

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DISCLAIMER: All content in this video is of my own personal opinion.
I do NOT endorse the buy or sell of any of token in this video.
This is NOT financial advice.
I am merely stating an opinion about a specific coin and I do plan on purchasing or own the coins.
All content here is strictly for educational and entertainment purposes and
I am NOT affiliated with this company in any way unless otherwise stated.

ANY INFORMATION CONTAINED HEREIN IS A PERSONAL OPINION AND NOT FINANCIAL ADVICE.
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AND MAY CONSTITUTE SECURITIES PURSUANT TO FEDERAL AND STATE SECURITIES LAWS AND MAY NOT BE
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INVESTMENT IN ICOS INVOLVES A HIGH DEGREE OF RISK AND SHOULD BE CONSIDERED
ONLY BY PERSONS WHO CAN AFFORD TO SUSTAIN A LOSS OF THEIR ENTIRE INVESTMENT.
THE SECURITIES AND EXCHANGE COMMISSION HAS WARNED INVESTORS RESIDING IN THE UNITED STATES THAT,
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INVESTORS IN THE UNITED STATES WHO INVEST IN ICOS MAY BE UNABLE TO RECOVER ANY LOSSES SUSTAINED IN THE EVENT OF FRAUD OR THEFT.

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Big Macs in Caracas, Prawns in Lagos are Cheaper for Bitcoiners

Travel much? Bitcoinist discovered that using bitcoin instead of local currency gives you more Big Macs for your bits, particularly in places like Venezuela and Nigeria.


Attn: Travelers & Digital Nomads

It’s common knowledge that buying bitcoin might make a great investment. It can also save you money when you use it to buy products at Amazon via Purse.io. Less well known is that using bitcoin can slash your travel costs as well particularly in places like Venezuela and Nigeria.

bitcoinist_demonetization_venezuela

Both these countries have capital controls on their economies and black markets for hard currency, especially in USD and Euros.

For example, in Nigeria, if you withdraw money at the Bank ATM you get 320 Nigerian Naira per Dollar. But if you sell Dollars on the Black Market you get 500 Naira per Dollar. Getting the black market rate makes your traveling to those countries a lot cheaper.

Economist Big Mac Index for Bitcoiners

Here is how it affects the price of a Big Mac in Lagos, Nigeria:

bitc1

In other words, dummies pay $2.99 for a Big Mac in Lagos. bitcoin users pay $1.90 per Big Mac.

Therefore, you have three choices:

  1. Pay for everything with Naira from the bank ATM, which is paid out at the official FX rate. Pay $2.99 for a Big Mac.
  2. Take a large stack of cash Dollars with you to Lagos. Good luck with that! And what are you going to do when (not if) that cash gets stolen from you, most likely on the taxi journey from the Airport to your Hotel in the city?
  3. Buy bitcoin before you travel and sell bitcoin in small sums during your travels. Here’s how you can do that on the LocalBitcoins OTC platform, which is active in Nigeria. Pay $1.90 for a Big Mac.

King Prawns in Lagos

The benefits of using bitcoin when traveling to countries with distressed economies is not restricted to eating unhealthy food at McDonalds, however. (But great for a hangover.)

For example, Ocean Basket is a lovely seafood restaurant with branches all over Africa.

bitc2
Beautiful seafood. Look at the Menu at Ocean Basket, Lagos, Nigeria.

Order the whole menu, and Bitcoiners pay $112.46 USD; non-Bitcoiners pay $176.87 USD.

Many people might not wish to travel to Venezuela or Nigeria. (I would!) But bear in mind that the arguments laid out here apply to any economy with FX and capital controls. And as sure as night follows day, there will be more economies behaving that way in the future.

The canary in the coal mine is rapid depreciation of the local currency against the US Dollar. Black markets usually develop as the authorities impose artificial controls on the official FX rate to stem decline of public confidence in the national currency.

So here are the canaries (excl. UK) to look out for if you’re looking to get more Big Macs for your bits:

Would you use bitcoin to save money while traveling? Let us know in the comments below!


Images courtesy of Blocklink.io, Shutterstock, Mcdonalds.com

The post Big Macs in Caracas, Prawns in Lagos are Cheaper for Bitcoiners appeared first on Bitcoinist.com.