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Bitcoin Cash House Launches Crypto Hub in Venezuela

A new crypto resource has emerged in Barquisimeto, Venezuela, for Venezuelans interested in learning about Bitcoin Cash and cryptocurrencies. The project, called Bitcoin Cash House, is the brainchild of Roberto Garcia and is sponsored by and It exists as a physical location and online initiative, seeking to educate newcomers to the space on the acquisition, storage, and general use of crypto, as well as development and job opportunities.

Also Read: Over 200 Venezuelan Taxis Discover the Benefits of Bitcoin Cash

Welcome to the Cash House

Launched just days ago, on November 7, Bitcoin Cash House teaches people in Venezuela about the benefits of crypto. With the nation in a state of economic upheaval and political unrest, many Venezuelans are understandably concerned about finding ways to transact, send and earn money that are not dependent on the hyper-inflated bolivar or the whims of a volatile government.

A Reddit post detailing the launch by’s Matt Aaron describes Bitcoin Cash House as “A crypto education hub in the city of Barquisimeto, Venezuela. A mall kiosk where local cryptocurrency advocates teach Venezuelans about the power of cryptocurrency.”

Bitcoin Cash House Launches Crypto Hub in Venezuela

Some of the topics the Cash House will educate folks on include “How to send money to friends and family anywhere in the world instantly,” advantages of crypto over traditional money, how to store and spend crypto, “How to protect assets against volatility with SLP tokens including the USDH stablecoin,” and jobs in crypto as well as developer opportunities.

Though the launch was a challenging process, the crypto advocates involved saw it through. Aaron, host of the Humans of Bitcoin podcast, explains that “We at and did the easy part and got the sponsorship money. Roberto Garcia did all the hard stuff. It’s his project. He scoured the city to find a place … 2 months later and it’s live. Roberto went to just about every mall; shopping center. Rejections, delays, stipulations.” Founder Garcia notes in the comments:

In Venezuela there is a lot of fear, but thanks to my experience and knowledge with the help of Matt we managed to overcome the problems.

Bitcoin Cash House Launches Crypto Hub in Venezuela
Roberto Garcia speaks to a visitor at the new Bitcoin Cash House.

Moving Forward in Venezuela

Garcia, who also organizes a BCH meetup in Barquisimeto, understands the importance of a physical location and human conversation for conveying the power of crypto. Citing the Los Angeles area hub for “education and services needed to encourage the adoption of digital currencies,” Cryptospace, Matt Aaron writes in the Reddit post:

Having a physical location is POWERFUL. We the cryptocommunity, talk ‘trustless’. But the rest of the world has to earn that trust. In person conversations are powerful.

The Bitcoin Cash House project is currently an experiment, operating on a three-month lease and seeing where things go from there. Aaron notes that surrounding businesses will be encouraged to adopt BCH as well, stating “In the same location are a pizzeria, bank, and liquor store. We will teach them to start accepting Bitcoin Cash as well.” Donations to Bitcoin Cash House can be made via, and a Spanish language announcement of the launch can be found here.

What do you think about the Bitcoin Cash House project? Let us know in the comments section below.

Image credits: Bitcoin Cash House.

Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.


Graham Smith

Graham Smith is an American expat living in Japan, and the founder of Voluntary Japan—an initiative dedicated to spreading the philosophies of unschooling, individual self-ownership, and economic freedom in the land of the rising sun.

Graham Smith , 2019-11-10 15:30:31 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

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Nick Chong , 2019-11-10 12:00:38

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