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Topic: Bitcoin in Iran touch 26.000 USD (Read 632 times)

newbie
Activity: 41
Merit: 0
September 21, 2018, 03:03:59 PM
#56
This is a good news for those investor who hold this coin. But I don’t know how it is possible in Iran. I think its happen because of exchange rate.
jr. member
Activity: 96
Merit: 2
September 20, 2018, 03:24:45 PM
#55
Wait I don't understand, does this mean bitcoin has different market prices for different countries, because the price here is just 6320 USD

Off course. Why not ?

Bitcoin is decentralized digital token, which can be evaluated in fiat currency globally. And as this is decentralized, no one control its price fluctuation. Buyer and seller within circumstances can make P2P transaction considering Bitcoin is commodity. And according to law of demand and supply price be fluctuated on market conditions and interest of buyer and seller solely.
newbie
Activity: 38
Merit: 0
September 20, 2018, 03:15:44 PM
#54
I have address. Isn't the taken a toll of bitcoin same as all over the world? Since when iran has unmistakable sort of bitcoin. This article making people more bewildering. It's like result of incorrect conclusion.
newbie
Activity: 43
Merit: 0
September 20, 2018, 02:55:42 PM
#53
I have question. Isn't the cost of bitcoin same as all over the world? Since when iran has distinctive sort of bitcoin. This article making individuals more confounding. It's like result of erroneous conclusion.
full member
Activity: 714
Merit: 100
September 19, 2018, 11:21:42 PM
#52
This is unreliable souce and no one will believe this, just imagine that it is impossible for this nation to have a lot of dollar reserves so that they could cater many Bitcoin to fiat conversion in the future. So better do a deep research first before you believe to this non sense.
member
Activity: 2044
Merit: 16
September 19, 2018, 10:07:23 PM
#51
Why price of bitcoin reaches like that in Iran wherein that country not really known for crypto currency adaptation. Maybe a misleading article or just try to hype the price of bitcoin to increase investors, i guess. But whether if it's true, then it would be a good news for us holders, believers and investors.
jr. member
Activity: 147
Merit: 2
September 19, 2018, 10:00:29 PM
#50
Can Bitcoin even really have massively different prices in different parts of the work.  Doesn't make sense.  I see that this was a false news story but I don't believe the prices will diverge by country much in the future.  If you have internet you should have access to fairly prices Bitcoin.
full member
Activity: 364
Merit: 100
PlayGame.com
September 19, 2018, 09:11:20 PM
#49
I think its not true, we can check the price of bitcoin globally in the coinmarketcap.com in that website we can see the price different between the one market with other market, for 25000 USD? I think its impossible.
full member
Activity: 546
Merit: 100
September 19, 2018, 08:39:09 PM
#48
That really surprised me, in my country alone Bitcoin is only around $ 6411 now, following the market prices in the world. I am very confident that for the future the price of Bitcoin in all parts of the world will reach the best price as in the present Iranian country. I wish if it was fantastic for prices in Iran today. I praise that
Ucy
sr. member
Activity: 2576
Merit: 401
September 19, 2018, 08:22:13 PM
#47
The whole thing is surprising to me too. It happened in Zimbabwe prior to their coup.
I thought if Bitcoin was decentralized the price should be flat everywhere.
Maybe such valuation depends on the stability of the local currencies and in relation to the dollar availability.
newbie
Activity: 81
Merit: 0
September 19, 2018, 08:14:14 PM
#46
Wait I don't understand, does this mean bitcoin has different market prices for different countries, because the price here is just 6320 USD
member
Activity: 560
Merit: 11
September 19, 2018, 07:52:59 PM
#45
I doubt that information, I think that a new country that legalizes bitcoin has no such potential.

Even Venezuela, until today Venezuela is still adapting to the crypto world, to create an effective crypto market is not easy.
hero member
Activity: 2254
Merit: 870
September 19, 2018, 07:12:21 PM
#44
Did they found water in bitcoin? If yes, then we can expect high prices in saudy arabia too, be ready for next turn. At the moment I can't say anything on news but want to remind one thing: everyone may remember when cointelegraph caused fall in btc's price. This happened because korean exchangers had different price than rest of world (higher or lower - can't remembet).
jr. member
Activity: 82
Merit: 2
September 19, 2018, 07:09:29 PM
#43
The thing is the real exchange price of something is determined by the market and in a world where you can buy nearly anything with usd and almost nothing with iranian money its clear, that the USA can controll the exchange rate of their currency and so they can feign a demand thats actually not there and because every trade in the real world is based on us dollar the supply can almost never exceed the demand... and thats the whole trick so they can print more and more dollars as they go..
hero member
Activity: 1120
Merit: 502
September 19, 2018, 07:03:16 PM
#42
Beautiful arbing opportunity, but getting money across Iranian borders is not easy or so I hear. I have an Iranian friend who told me that there  is string rules about how money is moved in and out of the country, making it very difficult to work with.
jr. member
Activity: 252
Merit: 2
September 19, 2018, 06:20:39 PM
#41
I read a few articles yesterday about the price of Bitcoin that touched the price of USD 24,000 in Iran, see the following article:
Quote

even up to 26000 usd
Quote

you can see all the market price here in irani local exchange
Quote

the questions are:
why is the price of Bitcoin in Iran is more expensive than global prices?
Is it really possible for a country to determine the selling price of Bitcoin?
..its not possible,i really think its as a result of misrepresented datas, in the exchanges.or something went wrong..
newbie
Activity: 41
Merit: 0
September 19, 2018, 05:43:14 PM
#40
Isn't the price of bitcoin same as all over the world. Since when iran has different type of bitcoin. This article making people more confusing. It's like result of miscalculation.
legendary
Activity: 3374
Merit: 1824
September 19, 2018, 11:29:13 AM
#39
All the articles cannot be taken as true.

If the Bitcoin touched 24k USD then all people will be sold their money at that time itself.

I really want that to happen in the market for sure and I am expecting the bitcoin may reach this destination value in couple of months.

I also don't believe this news.
There is no real reason that btc price can be so much different in Iraq than in the rest of the world.
There is no country or government behind bitcoin so nobody can manipulate price in some country.
sr. member
Activity: 470
Merit: 250
September 19, 2018, 11:21:33 AM
#38
For Iran people bitcoin it is a great opportunity to earn good money. So cryptocurrency has a bigger value in their country.
full member
Activity: 532
Merit: 103
September 19, 2018, 11:02:27 AM
#37
All the articles cannot be taken as true.

If the Bitcoin touched 24k USD then all people will be sold their money at that time itself.

I really want that to happen in the market for sure and I am expecting the bitcoin may reach this destination value in couple of months.
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