Topic: Bitcoin in Iran touch 26.000 USD - page 3. (Read 717 times)
Well, those values are possible only because the Iran official currency is losing value day after day, and they can't get dollars when they sell bitcoins, so of course they sell them at a higher price.
Iran's is much more isolated from the rest of the world, unfortunately so, too many sanctions and so I doubt if they have access to buy from international market as they cannot deal directly on USD for same reasons
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.
Yes, absolute right. And the inflation is to the moon and mars, too
Poor articles written by stupid people. The price of BTC in Iran is exactly the same as anywhere else in the world. You just need to know that Iranian people do not have dollars. They use the local Iranian currency, which is sharply down, compared to the US dollar. I guess some people have calculated that price with wrong data. Quite likely the official exchange rate, which is fixed by the Iranian government, but totally out of touch with reality.
Man I could have got a great deal buying in Iran why didnt I?!?! THis is ridiculous how could this even happen?
this is a rip off from Iranian new investor if its true its almost 4x the current exchange price of Bitcoin on Coinbase. this is more like a manipulation to rip some money.
What should we so he took off would be nice ! Interestingly why in Iran is growing and we have no )
If you look carefully, you will find that the countries that currently suffering from hyperinflation or under authoritarian governence are also the countries that have the highest difference in BTC price. Of course, if you know somebody super trustworthy who can remit money into and out of the country then you have a great arbing opportunity, but that's easier said than done.
I can’t trust it, how come in Iran bitcoin could have $24,000 price and normally bitcoin price now is $6,000. If Iran have bitcoin with higher price, many member have sell bitcoin at other exchange and try to sell at iran bitcoin exchange.
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?
I suspect that this is a misleading story. I suspect that when people use Iranian currency to buy BTC and then compare the artificially high "official" exchange rate for Iranian to US currency, it looks like people were spending $24,000 for BTC. But, as the article alludes to, the street value of Iranian currency is much lower than the government's stated exchange rate.
What a news, bitcoin price of USD 24,000 in Iran local exchange market. If is it true news, so very good for bitcoin revolution. But this price is very different than other online exchange market.
OP, a similar thread already exist here https://bitcointalksearch.org/topic/m.45262480 . You may want to lock this up except you intend on having a duplicate topic run parallel.
i think its come by mistake , that a huge different about real price and that current price , i can tolerate if that just little different because some exchange have their own price
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.
Haha, I wish that this (mis)information caused a pump today, but no dice
after I read the thread I felt that there would be something positive that would happen in the near future, but I would not really understand why the price of Bitcoin in Iran is very different from the price on the global market, either because of maintaining the stability of their country which is currently in war, because I know that Iran is one of the countries with the biggest oil exporter. with that they become one of the countries that may have a very strong economy. and with Bitcoin, they try to get investors into their market which I think is less trustworthy, because I think this is one of their strategies to get profit
If you go to google as search 'irr to bitcoin' it shows a table where 1 btc = 263259397.47 irr.
Then i take a look to localbitcoin and you are right https://localbitcoins.com/country/IR 873,245,733.56 IRR / BTC... For that rate you are right, they are selling bitcoins closeto $26k, if that's the scenario wait for a price bump.
But why oeleo say have some sense:
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.
That way the 873k irr price isn't crazy at all.
Then i take a look to localbitcoin and you are right https://localbitcoins.com/country/IR 873,245,733.56 IRR / BTC... For that rate you are right, they are selling bitcoins closeto $26k, if that's the scenario wait for a price bump.
But why oeleo say have some sense:
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.
That way the 873k irr price isn't crazy at all.
It is base on Iranian rials per USD and I think the are really recognizing bitcoin and thinking in regularized Bitcoin on their country which is super great for them, And for Bitcoin and any other digital currency. Studies are necessary for considering a new currency, A country like iran is Struggling to maintain production and sale of its main export I really think they are giving the Digital thing a shot in taking the midst in taking up their financial status as a nation. And Because of the recent wars Iran had involve with it is a possibility to stick with a thing that can make their country profit.
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.
It may hit any price on a non-liquid exchange with a squeeze. Declaring these prices is a way of manipulation.
if it is a price that is not true, why is media coverage so viral that it makes us think positively about the imminent increase in Bitcoin prices. but that's possible, everything doesn't rule out the possibility. everything can be happen
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.
Jump to: