"That's what it costs in Zimbabwe" Herald Reply to incorrect value of bitcoin

Please note this sub-forum does not provide professional finance advice. You should seek advice from a licensed financial advisor.

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification.

If investing please consider our affiliate link for new accounts: Sharesies.

Forums › Finance and wealth management › "That's what it costs in Zimbabwe" Herald Reply to incorrect value of bitcoin

dryburn

440 posts

Ultimate Geek
+1 received by user: 92

#237674 12-Jun-2018 17:01

This: https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12068846 NZ Herald report caught my eye and while listening to the discussion there was the following:

Liam (2:50) : [Bitcoin] now worth over 13000 USD

Juha (3:14): It's worth 13000 then drops to 5000.

Liam (3:30): "That's what it costs in Zimbabwe"

7000 USD costs 2,533,300.00ZWD

https://www.xe.com/currencyconverter/convert/?Amount=7000&From=USD&To=ZWD

Great comeback there....

Aredwood

3885 posts

Uber Geek
+1 received by user: 1749

#2034604 12-Jun-2018 20:30

I thought that Zimbabwe had adopted the US$. Due to the hyper inflation of their own dollar making it practically useless. Heard that they were printing trillion dollar banknotes at one point.

Fred99

13684 posts

Uber Geek
+1 received by user: 10018

#2034626 12-Jun-2018 21:05

Still has more intrinsic value than a bitcoin of course. The paper has some value, and it does have a unique number printed on it.

Geektastic

18009 posts

Uber Geek
+1 received by user: 8465

Trusted

Lifetime subscriber

#2034688 12-Jun-2018 22:40

Imagine the situation when, at some point many years hence, Zimbabwe is well run and very rich. It's currency is sought after and at least as valuable as the USD. And someone pulls out a shoebox of trillion dollar notes from under the bed...!

Dratsab

3964 posts

Uber Geek
+1 received by user: 1728

Trusted

Lifetime subscriber

#2034724 12-Jun-2018 23:05

They need to replace the rocks on that note with a picture of Dr Evil.