Bitcoin is not being sold for $24,000 in Iran - page 3.

Wintersoldier

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Quote from: MURONDI on January 05, 2020, 10:39:01 AM

so the news that was horrendous was not true, is it just a rumor to increase the price of bitcoin, I guess the news really happened, which I wonder why it doesn't affect the price of bitcoin in general, there are currently many untrue news that support or hate bitcoin, we must be more careful in filtering news.

If we are to think about it, this is a total manifestation of fear, uncertainty and doubt for people in Iran, but to compare the scenario to us which is mostly outside of the tension's vicinity, our goal is to wait for the market to increase because of the Iranians that will convert but what is happening really is that, we are the one pushing the market price way up higher because of the news we tend to believe in. I do not disagree about it but that is the conclusion from the observation I came up into.

batang_bitcoin

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Quote from: bitcoindusts on January 07, 2020, 08:56:33 AM

Quote from: batang_bitcoin on January 07, 2020, 08:50:32 AM

It wouldn't be a fake news if it's happening in some places there. It's just a matter of choice and we don't have to choose even.
I don't also want to go there and sell the bitcoin's I've got, I'm not familiar with the country and the tension there is very hot so it's not advisable just for that.

It is probably happening but the conversion rate is a bit different since there is this open market stated by one of the reply here where usd conversion is way higher than the official rate. And if we calculate it, it will be around $7k (using free market rate). I think this news was published to hype Bitcoin but it seems it does not work somehow.

As I've said with my previous post, this also happened before. Having a premium price depends also to the status of that country and what's surrounding with their local. And with the case of Iran, the localbitcoins price does really state with the rumored price.
But until now, I haven't seen someone that sold with that premium price it might because everybody doesn't want to put themselves at risk, dealing with somebody personally there or even not a face off deal.

Ludmilla_rose1995

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Quote from: enhu on January 05, 2020, 10:29:36 AM

but would it be possible to sell BTC by meet up in Iran?

Going to Iran for now is risking lives. No one wants to risk their lives for the high price of bitcoin. Regarding the false news, in my opinion only to increase the price of bitcoin on the crypto market.

Palider

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Quote from: FairUser on January 07, 2020, 09:02:46 AM

Quote from: MURONDI on January 05, 2020, 10:39:01 AM

so the news that was horrendous was not true, is it just a rumor to increase the price of bitcoin, I guess the news really happened, which I wonder why it doesn't affect the price of bitcoin in general, there are currently many untrue news that support or hate bitcoin, we must be more careful in filtering news.

You can check the price of Bitcoin sold in Iran at localbitcoin website, and it certainly is not fake news. But I still don't understand why the price of bitcoin in Iran is so high compared to the global market. And why do investors in Iran choose to buy at localbitcoin instead of going to big exchanges like Binance and Okex .. to buy bitcoin at a cheaper price?

Because some bitcoin seller take advantage this and also local bitcoin is just P2P and you can set sell order here even 50,000$ maybe some newbies buy this and they don't know thatbthe true bitcoin price is only 7,500 dollars+

sovie

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Surveillance in countries like Iran is always at its peak. Iranian regime suppresses its inhabitants by using different tactics of which internet censorship recently is new tact.
Regions where you can’t find bitcoin easily because of different reason price is bound to go up. Iran is not a very big market and even if bitcoin is sold there at $24000, it will have zero impact on bitcoin globally.

FairUser

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Quote from: MURONDI on January 05, 2020, 10:39:01 AM

so the news that was horrendous was not true, is it just a rumor to increase the price of bitcoin, I guess the news really happened, which I wonder why it doesn't affect the price of bitcoin in general, there are currently many untrue news that support or hate bitcoin, we must be more careful in filtering news.

You can check the price of Bitcoin sold in Iran at localbitcoin website, and it certainly is not fake news. But I still don't understand why the price of bitcoin in Iran is so high compared to the global market. And why do investors in Iran choose to buy at localbitcoin instead of going to big exchanges like Binance and Okex .. to buy bitcoin at a cheaper price?

bitcoindusts

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Quote from: batang_bitcoin on January 07, 2020, 08:50:32 AM

Quote from: samcrypto on January 06, 2020, 05:52:54 PM

Quote from: batang_bitcoin on January 06, 2020, 04:55:21 PM

Just like the news about Zimbabwe last time where the price was also at premium but the exchanges remained neutral for the price. Are you thinking of going there just to sell bitcoin? I won't be risking my life at the middle of the possible war to start by just selling at a higher rate.
I'll be okay to wait until the price goes up naturally rather than going there because of that advantage to arbitrage. The LBC prices looks really what the rumor is saying but it's still confusing.

The value of their money is too low and that’s why the price of bitcoin goes up but I also heard that this is just a fake news though it happen before on some places. I also don’t want to travel there just to convert my bitcoin into money, its pretty risky and if you have the money on that local exchange, you might not be able to convert it into fiat money. I don’t know, but i have to focus on the real value of bitcoin right now which can’t be fake.

It wouldn't be a fake news if it's happening in some places there. It's just a matter of choice and we don't have to choose even.
I don't also want to go there and sell the bitcoin's I've got, I'm not familiar with the country and the tension there is very hot so it's not advisable just for that.

It is probably happening but the conversion rate is a bit different since there is this open market stated by one of the reply here where usd conversion is way higher than the official rate. And if we calculate it, it will be around $7k (using free market rate). I think this news was published to hype Bitcoin but it seems it does not work somehow.

batang_bitcoin

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Quote from: samcrypto on January 06, 2020, 05:52:54 PM

Quote from: batang_bitcoin on January 06, 2020, 04:55:21 PM

Just like the news about Zimbabwe last time where the price was also at premium but the exchanges remained neutral for the price. Are you thinking of going there just to sell bitcoin? I won't be risking my life at the middle of the possible war to start by just selling at a higher rate.
I'll be okay to wait until the price goes up naturally rather than going there because of that advantage to arbitrage. The LBC prices looks really what the rumor is saying but it's still confusing.

The value of their money is too low and that’s why the price of bitcoin goes up but I also heard that this is just a fake news though it happen before on some places. I also don’t want to travel there just to convert my bitcoin into money, its pretty risky and if you have the money on that local exchange, you might not be able to convert it into fiat money. I don’t know, but i have to focus on the real value of bitcoin right now which can’t be fake.

It wouldn't be a fake news if it's happening in some places there. It's just a matter of choice and we don't have to choose even.
I don't also want to go there and sell the bitcoin's I've got, I'm not familiar with the country and the tension there is very hot so it's not advisable just for that.

nasipadang

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This is only news that has headlines with click bait to get a lot of traffic. in local bitcoin anyone can get buy / sell but it is not certain who placed the buy / sell to accept the transaction. anyways this can't be true because prices in general are still above $ 7k, I think the newsmaker wants to scare and screw FUD on WWIII.

bitcampaign

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Quote from: meanwords on January 07, 2020, 12:00:24 AM

I've read a news about $24,000 per Bitcoin is base on 1 billion Iranian rials which they calculated wrong because $24,000 is base on an exchange set by the central bank of Iran which is not the official price that the market is using, those who claimed $24,000 are people who used the wrong rates. The news also said that the real price would be just more or less $8,000 at that time base on the real market price in Iran. Due to their economy being messed up, the price of Bitcoin has pumped because most of them want to secure their wealth in Iran.

I think it also makes more sense if the price of bitcoin is $ 8000, maybe it's true what I previously thought there was a mistake in their calculations to make a scene of $ 24,000, but not just because of this news so that the price of bitcoin and other crypto rises to this day, I don't think it's an effect From the problems in Iran, it is indeed time for Bitcoin prices to really recover

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.

FOMO and FUD are always there and cannot be stopped, so just think of it as additional entertainment and not take seriously about what they are preaching extensively on this forum

blckhawk

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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.

meanwords

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I've read a news about $24,000 per Bitcoin is base on 1 billion Iranian rials which they calculated wrong because $24,000 is base on an exchange set by the central bank of Iran which is not the official price that the market is using, those who claimed $24,000 are people who used the wrong rates. The news also said that the real price would be just more or less $8,000 at that time base on the real market price in Iran. Due to their economy being messed up, the price of Bitcoin has pumped because most of them want to secure their wealth in Iran.

LUCKMCFLY

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The problem of having two exchange rates in a country is that, the one that dominates the most is that of the black market, the one given by the Central Bank, is not taken into account, it is only to make some fictional transactions to make people believe the governments that comply with it, but this brings shortages, inflation and multiple economic problems, just like in Venezuela.

These scenarios are not good, but although it sounds somewhat retrograde, what always dominates is the change of the black market, of course $ 24k is a very exaggerated figure, but I am sure that the speculation will be very high compared to the other countries .

samcrypto

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Quote from: batang_bitcoin on January 06, 2020, 04:55:21 PM

Quote from: enhu on January 05, 2020, 10:29:36 AM

It doesn't affect the price on exchanges though but would it be possible to sell BTC by meet up in Iran?

Just like the news about Zimbabwe last time where the price was also at premium but the exchanges remained neutral for the price. Are you thinking of going there just to sell bitcoin? I won't be risking my life at the middle of the possible war to start by just selling at a higher rate.
I'll be okay to wait until the price goes up naturally rather than going there because of that advantage to arbitrage. The LBC prices looks really what the rumor is saying but it's still confusing.

The value of their money is too low and that’s why the price of bitcoin goes up but I also heard that this is just a fake news though it happen before on some places. I also don’t want to travel there just to convert my bitcoin into money, its pretty risky and if you have the money on that local exchange, you might not be able to convert it into fiat money. I don’t know, but i have to focus on the real value of bitcoin right now which can’t be fake.

batang_bitcoin

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Quote from: dimonstration on January 06, 2020, 05:14:52 PM

Quote from: batang_bitcoin on January 06, 2020, 04:55:21 PM

Quote from: enhu on January 05, 2020, 10:29:36 AM

It doesn't affect the price on exchanges though but would it be possible to sell BTC by meet up in Iran?

Are you thinking of going there just to sell bitcoin? I won't be risking my life at the middle of the possible war to start by just selling at a higher rate.
I'll be okay to wait until the price goes up naturally rather than going there because of that advantage to arbitrage. The LBC prices looks really what the rumor is saying but it's still confusing.

Definitely not worth the risk if ever that will happen to be that way there, definitely no. Unless there will be some transaction from them which may not also be a solution as it may lead to dangerous transaction and a transaction to be scammed who will took this chance to offer high. Lets just hope the war will end for it will affect many, not just the price of BTC but also the life of those innocent.

You mean someone living there while having a transaction and at the same time being offshore? There's already the LBC Iran but it's all up to you how you're okay with the deal there because LBC isn't the same as before anymore. The op states that internet was prohibited since November 2019 but the Iranian trades on LBC has it, just like any other state that has people that are willing to take risk as long as they can sustain themselves and provide financial needs.

JeffBrad12

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Quote from: msarro on January 05, 2020, 12:13:29 PM

If this data is correct then we have bitcoin selling at 24k$ in IRAN. This is not the first time going through this situation they have faced such scenarios before.
I dont think bitcoin can rescue them in case of war. Bitcoin itself is too volatile and cannot sustain any value. How can bitcoin help Iran's.

Atleast it could temporarily save your wealth and the fact that you can buy something from the international ecommerce out of it. It's not like people are going to keep their money in btc forever anyway and by holding bitcoin you have the chance to exchange it to any other money like Euro or such. It'll not be really helpful for them but atleast it helps a little.

dimonstration

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Dimon69

Quote from: batang_bitcoin on January 06, 2020, 04:55:21 PM

Quote from: enhu on January 05, 2020, 10:29:36 AM

It doesn't affect the price on exchanges though but would it be possible to sell BTC by meet up in Iran?

Are you thinking of going there just to sell bitcoin? I won't be risking my life at the middle of the possible war to start by just selling at a higher rate.
I'll be okay to wait until the price goes up naturally rather than going there because of that advantage to arbitrage. The LBC prices looks really what the rumor is saying but it's still confusing.

Definitely not worth the risk if ever that will happen to be that way there, definitely no. Unless there will be some transaction from them which may not also be a solution as it may lead to dangerous transaction and a transaction to be scammed who will took this chance to offer high. Lets just hope the war will end for it will affect many, not just the price of BTC but also the life of those innocent.

batang_bitcoin

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Quote from: enhu on January 05, 2020, 10:29:36 AM

It doesn't affect the price on exchanges though but would it be possible to sell BTC by meet up in Iran?

Just like the news about Zimbabwe last time where the price was also at premium but the exchanges remained neutral for the price. Are you thinking of going there just to sell bitcoin? I won't be risking my life at the middle of the possible war to start by just selling at a higher rate.
I'll be okay to wait until the price goes up naturally rather than going there because of that advantage to arbitrage. The LBC prices looks really what the rumor is saying but it's still confusing.

riso2015

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Quote from: MURONDI on January 05, 2020, 10:39:01 AM

so the news that was horrendous was not true, is it just a rumor to increase the price of bitcoin, I guess the news really happened, which I wonder why it doesn't affect the price of bitcoin in general, there are currently many untrue news that support or hate bitcoin, we must be more careful in filtering news.

No, the news is true, not a rumor. We can find that price on the local Exchange, in LocalBitcoin.
In this Exchange we can only sell Bitcoin among fellow individuals, this is a decentralized Exchange.

Youghoor

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I don't understand why people choose to share false information about bitcoin rather than things that might encourage mass adoption of bitcoin. There are so many FUDs in the bitcoin ecosystem and this is not helping the bitcoin ecosystem grow as expected. People are just taking advantage of the incidence which just happened in Iran to spread unnecessary FUDs.

Topic: Bitcoin is not being sold for $24,000 in Iran - page 3. (Read 908 times)