Bitcoin is not being sold for $24,000 in Iran - page 2.

BlackFor3st

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Quote from: DreamStage on January 05, 2020, 07:58:46 AM

A rumor sprung to life earlier on Saturday claiming that Bitcoin was selling for $24,000 per unit in Iran. Apparently, the demand for the benchmark cryptocurrency was skyrocketing in the country in anticipation of a military standoff against the United States.

Turns out, while not totally unsubstantiated, the rumor was more of a half-truth arising due to some onlookers overestimating the significance of Iran’s official exchange rate.

In reality, the business remains as usual in Iran’s homegrown cryptocurrency space with peer-to-peer Bitcoin trading currently hovering around the $7,000s.

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Based on https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate

Also the main reason for why there are no such high tansactions from Iran is because they have restricted internet access across the country since November.

So as many were saying, no people... Bitcoin is not being exchanged with such high volumes and price in Iran but rather from other countries due to such recent events.

It's great that even if Iran is facing to almost war against US, the exchange of bitcoin didn't skyrocket to 24k dollars. Normal exchange of currencies in Iran is a good signal that the exchange is not abusing it's power and they are not using the situation as an excuse to make that crazy conversion rate.

Those countries or exchange that is/are giving this crazy conversion rate of 24k dollars per bitcoin is not a good influence in crypto society and if possible they should be stop in order to protect the future of digital payment.

Vision2020s

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Quote from: DreamStage on January 05, 2020, 07:58:46 AM

A rumor sprung to life earlier on Saturday claiming that Bitcoin was selling for $24,000 per unit in Iran. Apparently, the demand for the benchmark cryptocurrency was skyrocketing in the country in anticipation of a military standoff against the United States.

In reality, the business remains as usual in Iran’s homegrown cryptocurrency space with peer-to-peer Bitcoin trading currently hovering around the $7,000s.

I suspected the news was false when I read it, this must be a planned public stunt to create Fomo among the Iranian Investors probably increasing the demand of bitcoin in that region so as to spike the price high as they're reporting in the news articles.

When media platforms report news of this kind (false news) without carrying out thorough investigation of the the news, it makes me question the credibility of the news media. We rely on this platforms to deliver accurate news about the industry yet they act like bloggers that just copy and paste news without verifying the source of the news, it's just shameful journalism.

barabarian1

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since I first heard this news, I didn't believe it. there's no way bitcoin suddenly jumped so high and that only happens in Iran. although Iran is in conflict with the United States it will not immediately make the price of bitcoin rise. people just like to exaggerate the news. therefore we must not be easily influenced by the news we must confirm the fact or not the news.

UmerIdrees

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Quote from: virasog on January 10, 2020, 12:48:33 AM

Quote from: qomariah95 on January 08, 2020, 04:11:43 PM

This news is true, that Bitcoin is high in Iran. Because of several factors that affect it, such as the political situation. Many people there convert their money into Bitcoin, because they are afraid of the volatility of Iran.

Aren't they afraid of their lifes ? Even if they manage to safe their money in bitcoins, and if they die because of war, all these bitcoin will be considered as lost make the total supply of bitcoin even more less.

Why would anyone be afraid of death ? Everyone has to die one day and their is no better death, than to die as a soldier fighting for your country freedom.

Bitcoin prices will always rise if there is any non-peace situation in the world and that is natural.

Ridwan Fauzi

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Yeaah it was a fake news and I've read already yesterday. Maybe if there is someone who life in Iran here can make an explaination/clarification that this thing is happen or not. Indeed, the price of bitcoin will be different in some exchange and this has been using by some investors to get profit with arbitration strategy.

Moreover, I had read in some news that the government of Iran have no good relation with the user of cryptocurrency especially bitcoin. A few years ago bitcoin is something harmful to be use in that country and I'm sure there will be few people who use and even know bitcoin.

angrybirdy

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Quote from: Eugenar on January 10, 2020, 07:13:11 AM

Quote from: Cimmy_revenger on January 05, 2020, 09:40:52 AM

I was thinking about how to register in the crypto exchange in Iran then my money will be converted into a balance in Paypal.

This must be the best idea to consider if you know someone living in Iran to somehow help you convert your money, but merely impossible because Iranians would probably think of their safety first, rather that getting rich by involving in cryptocurrency investment and hype. Though, I do really think that most of the time, the people buying allot aren't really from Iran, but those that are turning their worries into opportunities by buying bitcoin knowing others will do the same thing.

It is the best idea but very idiotic at the same time. Even if you know someone from Iran, it is impossible to have them help you to convert your btc. As OP stated, they have restricted the internet access in their country. Meaning to say, even how deep you try to become rich, it will be impossible.

Astvile

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Quote from: qomariah95 on January 08, 2020, 04:11:43 PM

This news is true, that Bitcoin is high in Iran. Because of several factors that affect it, such as the political situation. Many people there convert their money into Bitcoin, because they are afraid of the volatility of Iran.

They are not afraid of the volatility of Iran they were afraid of what is happening currently there. Good thing that Trump withdrew from the war and didn't retaliate which on another occasion will make worse scenario if he retaliate on Irans attack. They are trying to preserve their wealth and they saw bitcoin as the best opportunity in bitcoin.

rupola85

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Quote from: virasog on January 10, 2020, 12:48:33 AM

Quote from: qomariah95 on January 08, 2020, 04:11:43 PM

This news is true, that Bitcoin is high in Iran. Because of several factors that affect it, such as the political situation. Many people there convert their money into Bitcoin, because they are afraid of the volatility of Iran.

Aren't they afraid of their lifes ? Even if they manage to safe their money in bitcoins, and if they die because of war, all these bitcoin will be considered as lost make the total supply of bitcoin even more less.

Yes they are afraid of their lives as well as their money too, After the direct attack a full scale War is inevitable between the U.S. and Iran.
that's why investors and immigrants are searching asset that is free from geopolitical risks and accessible from anywhere of the world.
It would be wrong to say cryptocurrency actually it is only Bitcoin what is acting like a decentralized safe place for gathering money for a long time.
If I had been in their place I would have done the same thing

Eugenar

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Quote from: Cimmy_revenger on January 05, 2020, 09:40:52 AM

I was thinking about how to register in the crypto exchange in Iran then my money will be converted into a balance in Paypal.

This must be the best idea to consider if you know someone living in Iran to somehow help you convert your money, but merely impossible because Iranians would probably think of their safety first, rather that getting rich by involving in cryptocurrency investment and hype. Though, I do really think that most of the time, the people buying allot aren't really from Iran, but those that are turning their worries into opportunities by buying bitcoin knowing others will do the same thing.

DabsPoorVersion

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Quote from: virasog on January 10, 2020, 12:48:33 AM

Quote from: qomariah95 on January 08, 2020, 04:11:43 PM

This news is true, that Bitcoin is high in Iran. Because of several factors that affect it, such as the political situation. Many people there convert their money into Bitcoin, because they are afraid of the volatility of Iran.

Aren't they afraid of their lifes ? Even if they manage to safe their money in bitcoins, and if they die because of war, all these bitcoin will be considered as lost make the total supply of bitcoin even more less.

Of course they do, who wouldn't be afraid if you are in the same area where war is being held. But in this case, they focus on storing their money in safety, considering the things that might happen next in their country. About the situation if they die, I think, they don't think of it that much, they just think about their assets.

imstillthebest

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Quote from: gabmen on January 10, 2020, 05:56:31 AM

Lol. People can easily take advantage of that in the event that it's true. Where will you buy it, in an exchange? One doesn't need to be in iran to do that. And even if a person does sell btc at that price in iran, only a fool would take it. Exchanges are easily accessed so why would you spend that much for something that should be a lot cheaper. P2p transactions usually are valued lower than exchange rates.

yeah . btc is accesible anywhere excep iran and on other country that has a limited acces to the internet due to war and other calamities .

that would be the reason why btc is being sold expensive but the op said that it was only a rumor and its not true at all . so lets just take it easy and dont judge them imediateltly . btc at 24k usd will soon happen not because of war but because of the demand only . so lets be patient enough once again .

gabmen

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Quote from: akosiMalakas on January 10, 2020, 01:02:36 AM

Bitcoin are not sold in $ 24,000 in Iran,
I think seller put bitcoin in high price because they want to take advantage the panic of people now because of the war. And also local bitcoin is P2P so you can put sale order any price you want.

Lol. People can easily take advantage of that in the event that it's true. Where will you buy it, in an exchange? One doesn't need to be in iran to do that. And even if a person does sell btc at that price in iran, only a fool would take it. Exchanges are easily accessed so why would you spend that much for something that should be a lot cheaper. P2p transactions usually are valued lower than exchange rates.

AniviaBtc

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Quote from: LFC_Bitcoin on January 06, 2020, 11:16:40 AM

Quote from: noormcs5 on January 05, 2020, 10:41:25 AM

Meetup in Iran to sell the bitcoins ? No way. No one will risk their lives to go to Iran for this purpose when Iran is at the edge of the war and the drones attacks are already being fired there.
Life is more important than the price of the bitcoins.

Tbh these attacks being or orchestrated are being carried out as intended, likely with precision accuracy.
If you had the balls to do it you could probably sell bitcoin for cash somewhere safe like a restaurant in the city centre or a hotel & do it safely.

No matter how you do it safely, it is still dangerous because the military in Iran are spreading in any of there locations. Most of their places are secured. So probably, you will not be able to do the transactions anywhere. But if you will do it in a certain house, that's is your privacy but still it is not safe to travel outside the house. Most especially, there's a conflict between US and Iran because of the General that was killed. Maybe they are focused more on war and killing, so do not risk your life for the sake of money.

akosiMalakas

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Bitcoin are not sold in $ 24,000 in Iran,
I think seller put bitcoin in high price because they want to take advantage the panic of people now because of the war. And also local bitcoin is P2P so you can put sale order any price you want.

daustin21m

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Of course it doesn't sell for that much. you guys just check the exchange rate and you will see the actual premium

virasog

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Quote from: qomariah95 on January 08, 2020, 04:11:43 PM

This news is true, that Bitcoin is high in Iran. Because of several factors that affect it, such as the political situation. Many people there convert their money into Bitcoin, because they are afraid of the volatility of Iran.

Aren't they afraid of their lifes ? Even if they manage to safe their money in bitcoins, and if they die because of war, all these bitcoin will be considered as lost make the total supply of bitcoin even more less.

qomariah95

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This news is true, that Bitcoin is high in Iran. Because of several factors that affect it, such as the political situation. Many people there convert their money into Bitcoin, because they are afraid of the volatility of Iran.

diazepam666

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Quote from: puertorikosena on January 08, 2020, 12:18:23 PM

The political situation in the world at the moment is not the best. However, in times of crisis, ordinary people and investors will go into assets such as Bitcoin to preserve their savings. Also during the crisis, many people buy gold and silver.

America killed their chief general of Iran and now there were looking to bash their economic conditions using their power. I believe this Americans are most power abusers in this world.
If people started rejecting American resources soon they will stop such actions and at the same there is no truth behind this rumour and I am not seeing the bitcoins at this for Iran and checked as well.

puertorikosena

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The political situation in the world at the moment is not the best. However, in times of crisis, ordinary people and investors will go into assets such as Bitcoin to preserve their savings. Also during the crisis, many people buy gold and silver.

bitcoindusts

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Quote from: blckhawk on January 07, 2020, 01:41:17 AM

It might just be another propaganda to spread FOMO on investors not actually living in Iran. Though an increase in market price could be possible, especially in P2P exchanges, and analyzing the situation in Iran where people could demand Bitcoin but being internet censored makes it more rare and thus more valuable in money. But its true that validation lead to conclusion that there's no significant price increase.

It is actually,making reader thinks that it can be sold at $24k in Iran, while its price is around $8k today ($7k+ last week), those who don't think twice and investigate will surely fall for this trap and buy Bitcoin as soon as possible thus creating a demand to the market and if they are lucky create FOMO. I wonder why does news always mess up things and tends to exaggerate situation. That is not good.

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