🚨 URGENT! "Dollar Monitor" falls in Venezuela: What does it mean for your P2P? 🇻🇪💰

Damn! They just caught Carlos Andrés Pérez Abreu, the guy behind "Monitor Dollar". We're screwed! This Instagram account was like our bible to know how much the dollar was really worth in Venezuela and now they have wiped it off the map. So what the hell do we do now? 📉🚫

Look, in Venezuela we live a double reality with the Dollar: there is the official rate of the Central Bank (BCV) that nobody uses in real life, and the parallel rate, which is the one we all need to survive. The difference between them? An abyss! We are talking about 30% or 40% more expensive for the parallel rate. The law says one thing, but the street says something completely different. 🏦💸

I have traded with cryptocurrencies in P2P for years and "Dollar Monitor" was my beacon in this sea of economic uncertainty. Now where the hell am I supposed to look to know how much to charge for my USDT or USDC? The P2P market relies on having clear references and now we have been left in the dark.

The government may try to control the price of the Dollar as much as it wants, but the economic reality of Venezuela is stronger than any decree. In the coming days, we will surely see total madness with prices fluctuating nonsensically. And when new references ( appear, because they will appear ), they will be even more difficult to track to avoid ending up like poor Pérez Abreu. 🕵️‍♂️🔒

Meanwhile, those of us trading with crypto in Venezuela will have to move with more caution than ever. I wouldn't be surprised if many sellers hold firm on the latest prices of "Monitor Dollar" until they see what happens, even if that means losing some money.

As always, Venezuelans will manage. This wouldn't be the first crisis we navigate nor the last, but it certainly complicates things when they eliminate the few tools we had to navigate this economic disaster.

#venezuela #newscrypto #P2P #economy 🇻🇪📈📉