Topic: Bitcoin in Iran touch 26.000 USD - page 2. (Read 637 times)
I think this is incorrect something to do with an exchange error in Iranian currency (Iranian Rial ) and BTC value. Anyways I assume that the price of BTC has to be somewhat higher because of the adverse restrictions in Iran. Hopefully this error in exchanges will be rectified soon.
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:
even up to 26000 usd
you can see all the market price here in irani local exchange
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?
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 because they have KYC on their own exchange site and cannot trade or use other exchange site aside form their own. Meaning as they want to get involve in crypto mostly in bitcoin, they accept the risk and the price will sky rocket on thei own country. Hoping that this will also happen in the globe.
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?
Is it really possible for a country to determine the selling price of Bitcoin?
You are a Sr.Member in this forum how it is possible that you have missed this situation before?
There have been numerous accasions when this have happen:
1)Some country in South Africa, matbe it was Zimbawe
2)And how you did miss Japan prices while in the bubble?
these news articles about bitcoin being 25k in zimbabwe and 18k in nigeria etc are usually just bullshit.
Just like it's not true in this case either.
why is the price of Bitcoin in Iran is more expensive than global prices?
It isn't. The "news" that Bitcoin was selling for $24,000 in Iran was based on the incorrect exchange rate - the subsidized exchange rate of 1 USD to 42k IRR set by the government for imports of certain goods. The actual exchange rate of 1 USD to 140k IRR gives the real price.
I have read about that news on some sites at the last week. That could be fat-finger-error with a huge instant up price tail that caused by a huge volume order ?
I also think like you, but will return to the price corresponding to the present. 
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?
Is it really possible for a country to determine the selling price of Bitcoin?
You are a Sr.Member in this forum how it is possible that you have missed this situation before?
There have been numerous accasions when this have happen:
1)Some country in South Africa, matbe it was Zimbawe
2)And how you did miss Japan prices while in the bubble?
I think this is not very good. It says how bad the situation in Iran is and how difficult it is for the population to own bitcoins. Perhaps in the future the situation will change but I think Iran is still far behind to implement the blockchain.
I think that, since the Iranian people do not have the dollar, they use the local currency so we can see the difference in price of Bitcoin. Beside this we might make a wrong calculation mistake.
I have read about that news on some sites at the last week. That could be fat-finger-error with a huge instant up price tail that caused by a huge volume order ?
There's a video of Alessio Rastani trying to exchange physical pounds for rials in Iran and nobody wants to buy because the exchange rates are so bad. Fiat exchanges are literally closing their doors because they're afraid of being bought out by foreigners. at current rates you can buy a good meal at a restaurant for $5. For the same money in the US you can get a coffee and a donut. The rates can be real but it doesn't mean that if you put coins for sale people will buy. $26000 is a fortune for them.
It mus be a good news for Irinian investors but this might be for inflanatin and beside this I think If you think someone super trusted you can send money in the country then it is good.
I think this is a price anomaly caused by the fact that Iran has large commissions for withdrawal of funds to the stock exchange.
how can this case happen? even though what I know is that the price of bitcoin around the world is same, if what happens is a fact , there will be many bitcoin holders who sell it in that exchange, what exchange is it?
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:
even up to 26000 usd
you can see all the market price here in irani local exchange
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?
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?
It isnt. Dont You think, if it was like that, all decent news channels would write about it? More source criticism, please...
If this is true, it wont last for long. It will be manipulated by arbitrage practicers. Another thing is you must be from their country to enable you to use their local exchange site.
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:
even up to 26000 usd
you can see all the market price here in irani local exchange
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?
Such an event is impossible if a country is not problematic, because the Iranian currency is still overshadowed by sanctions from America, America cannot regulate bitcoin but can regulate dollar demand in Iran, which is the government's difficulty in providing dollars to buy bitcoin, the value of the Iranian currency can vary greatly to produce expensive bitcoin prices. 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?
if it is like that then this can be a business field for us crypto traders, by the way we all buy bitcoin on the global market and immediately sell it in the iran market to get multiple profits, but unfortunately some sources say we can't do that, only Iranians are buying and selling bitcoin in Iran
I think that it was earlier in south Korea bitcoin prices were much higher than market price.Recently the Iranian government had decided to declare bitcoin mining as an industry.Also earlier,iran government discussed to use bitcoin as secondary currency in order to bypass US sanctions.Now Iran is moving closer to be a bitcoin friendly country.It has been realised by its citizens and that's why such a huge demand for bitcoin and increase in its price.
Actually in case of price this is same but this news was incorrect based on exchange rate which is caused by many impasses also the price of btc is same in IRAN.
Yes those qualities are conceivable simply because the Iran official cash is losing esteem for quite a while, and they can't get dollars when they offer bitcoins so obviously they offer them at a higher cost.
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:
even up to 26000 usd
you can see all the market price here in irani local exchange
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?
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?
It's simple, dear
The exchange rate is the password to understand this apparently
In Iran there are two exchange rates for the dollar
The official price is less than 1/3 the real price on the street
I do not think the Iranian people are naive to buy BTC x4 almost.
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