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Khaledarab

Investment in Petro coin

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I though venezuella was banned the crypto but now we understand no one can stop usage of crypto. I think it's not a good idea for investin. If you're new in crypto world you need to gain knowledge, if you want to invest without knowledge you can lose money but if you're willing to invest you can chose etherium and bitcoin.

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Most of the new currencies are not invested in them for fear of depreciating their value, but with time, and if they become successful, investing in them is a good thing. 

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That's good, they can now use cryptocurrency to make payment, even though is restricted to only petroleum and gold, later in the future the list maybe increasing and other things can be purchase using cryptocurrency in the country. 

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I don't know if the petrol coin is open to tee he world or it just restricted to Venezuela alone,  though this is the first time I heard of petro coin,  if it open to the world and it profitable,  then I can invest in it provided it value is also good. 

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if the coin has some values and it is released into some great places and also it has a vision then you can invest in the coin without any issue

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This is a good idea and there is a big chance to get the good profit in the investment of the Petro coin but one thing I want to tell you that first of all you should to get the proper knowledge about the trading and visit the market of the Petro coin

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You can invest in petrol coin ,because this is profitable.  But it full of risk, because government doesn't want to to buy it in digital coin . Because with this price will go to high of petrol and it harmfull to many countries.  So it can be ban and then you can lose your all investment. 

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On 1/4/2020 at 9:43 PM, Khaledarab said:

Venezuelan President Nicolas Maduro has said that You can use the Petro digital currency to buy oil and gold, so, the country will sell oil and part of the gold it produces for its national cryptocurrency petro in the future.

I wanna invest in this cryptocurrency and I need your advice.

I think petro is the new coin. I don't know about this coin. I listen about this in first time. There are many coins in crypto curriences. Now I will try to use this coin. I think it is a best coin.

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There are many cryptocurrencies that are 1000 times better than the petro, for this reason it is more advisable to invest in other cryptocurrencies that are not so suspicious or may cause future losses due to its insecurity, for this reason I do not recommend buying this cryptocurrency that can be a big crypto scam.

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Venezuela may be one of the first countries to switch significantly to cryptocurrency due to the low price of the local currency,
In Venezuela, a new denomination of 500 million was printed, but not equivalent to one dollar.

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It is really wonderful, of course when putting this currency on the market, I will invest in it, so the official currency of a country with a strong economy will be a profitable investment and will bring you a guaranteed profit

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I did not invest in this currency and I did not have enough experience to enter into such an investment because I prefer putting money, selling and sailing than talking currencies only, but I will study this currency and will work with it in the coming days.

Edited by Msh9

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Petro coin can be a good project if the team works properly and if the coin keep on the vision for the long term staying in the market and in the use case of it.

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I think it may be possible to get profit by the investment of petro coin but I would like to say that we should always choose the coin for the investment after doing research and  after the experience. So we should not select the coin for investment without having knowledge about that otherwise we can face loss .

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Well, this is the first time that I heard of any cryptocurrecy called the petrol coin, though it is for only that country, still I think that it generally good for the world of cryptocurrecies, so if you think that the country will be serious about it, then I will advise you to invest in the coin while it's still cheap.

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Yes if you want to invest in cryptocurrency so for this you will have to will yourself to invest in the trading in mental level and also you have great knowledge and search about the trading rules .

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I do not know much about this currency. You must take an expert opinion in this field. I prefer to invest bitcoin as it is the best currency recommended by old members.

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Dear that investing in cryptocurrencies is very cool, so investing in this currency is very great for all of us, and deserves a lot from us, thank you for this wonderful and useful participation of course. 

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I am unable to provide you with advice about the petro coin because I am unfamiliar with it and am unaware that it exists.The best advice I can give you is to try to get some feedback from other users about the coin, and to invest in famous coins because they guarantee you will make money.

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I am from Venezuela and I never bought that currency, because it has no profitability, it is also not safe and not reliable, also you cannot do business with them

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I have not gone through the experience of investing this currency before and I have not heard of it, but if it is a good currency to invest, then doing so is very good and may return you wonderful profits.

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It is good for cryptocurrencies to be accepted by some governments, I think that the spread of cryptocurrencies is increasing daily by day, so we must invest more money in successful projects.

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According to my point of view, this country knows its interest well and wants to be one of the first countries to use these currencies in order to give itself preference in this area.

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Majority of the countries that are rich in petroleum are known to the world renowned countries and wealthy countries so maybe petro coin will be a good cryptocurrency to invest in for future purpose.

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I heard petto coin is Venezuelan country's own coin that created a lot of hype when it was launched, but now its prices are low and someone who wants to buy and save it for the future will gain passive income, but I don't know if the county president's comment to use in oil and gold purchases really helps to raise the value of this coin and how many people use it to buy.

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