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Topic: BITCOIN towards 24000 USD!!! (Read 577 times)

jr. member
Activity: 83
Merit: 3
September 12, 2018, 06:06:03 AM
#37
bitcoin prices continue to fluctuate every day, no one knows the price of bitcoin, hopefully this news really has a positive impact on the price movement of bitcoin,
This is the main thing that the future is unseen and nobody is sure about the big growth in the coming days. People are upset and they are turning towards other currencies. Bitcoin price is unchanged for long time and this is disappointed for investors because they want feedback of their investment, but if they are losing their money why would they stay here?
legendary
Activity: 2170
Merit: 1427
September 11, 2018, 02:04:05 PM
#36
It may but how long? Many people believe the bitcoin price goes well beyond $50k but there is no convincing reason. I enjoy optimistic expectations but we shouldn't dream too far.

No convincing reason? Perhaps not in the very short term, but Bitcoin's long term potential goes way beyond anything you can realistically think of right now. It fills me with joy seeing how LN adoption is picking up where more and more merchants are accepting LN payments through their supporting payment gateways. Coingate recently announced that they right now allow thousands of merchants to accept LN payments, which is a very big deal.

Bitcoin's utility value comes from those who use it as store of value and money. LN takes care of the latter aspect.
newbie
Activity: 140
Merit: 0
September 11, 2018, 12:53:40 PM
#35
bitcoin prices continue to fluctuate every day, no one knows the price of bitcoin, hopefully this news really has a positive impact on the price movement of bitcoin,
hero member
Activity: 882
Merit: 528
September 11, 2018, 12:38:57 PM
#34
Yes, in the crypto world do not get bored))Every day is good then bad news.Your news is neither good nor bad. It's not clear how the market behaves and the price is not the fact that there will be  24000$

I'm not that shocked from the news but that 24k price is insanely high, I've seen 30-50% price of bitcoin on Indian exchanges in past.
Like Zebpay, for example, yesterday the price was around 8.6k USD/BTC.
full member
Activity: 394
Merit: 100
September 10, 2018, 05:18:33 AM
#33
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

I believe that it can actually reach $50k dollars since there are a lot of people this  year that has been legalized to invest on cryptocurrency market.

It may but how long? Many people believe the bitcoin price goes well beyond $50k but there is no convincing reason. I enjoy optimistic expectations but we shouldn't dream too far.
hero member
Activity: 1148
Merit: 528
September 10, 2018, 05:00:16 AM
#32
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.
Good days are coming indeed and for what it is worth, at least we can get to see people realizing that a decentralized market is actually a safe haven to storing their funds which would even preach the news to the whole world. At first, it all started with Zimbabwe, even though their government is trying to prove a hard one, and now we have Iran embracing it and seeing it as a way to relax their economic situation. Good thing for them!
hero member
Activity: 1834
Merit: 523
September 08, 2018, 04:26:06 PM
#31
I believe bitcoin will become more than 20k dollars but for this now we need to pump first the value of the bitcoin because if we cannot take a first move we cannot see value of the bitcoin like 24k dollars. First target is 10k dollars upto 15k dollars this month and nedt tearget is 20k dollars plus for the month of october and this is possible to happen if many people buy more bitcoin again and stop panic.
legendary
Activity: 1918
Merit: 1012
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September 08, 2018, 04:03:41 PM
#30
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

All this tells us is that the official USD exchange rate is meaningless. People do not have access to dollars due to the sanctions and hence are ready to pay a huge premium for a convertible currency like Bitcoin. Such ridiculous values were seen in Zimbabwe too, when there was a huge foreign exchange crisis there.
full member
Activity: 448
Merit: 100
Lets Go Adab
September 08, 2018, 03:56:37 PM
#29
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

I believe that it can actually reach $50k dollars since there are a lot of people this  year that has been legalized to invest on cryptocurrency market.
sr. member
Activity: 1330
Merit: 291
September 08, 2018, 09:37:14 AM
#28
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.
Despite the fact that anything can happen in crypto currency market, the market value of Bitcoin reaching  $24,000 might be difficult this year because of the set back Bitcoin has experience in recent time of the year.
sr. member
Activity: 2618
Merit: 439
September 08, 2018, 07:34:19 AM
#27
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.
Then thank Donald Trump for pushing Iran to its brink and making bitcoin grow in that country. Iranians, just like any other country who's in a deep economic turmoils looks for crypto to be their hedge. So don't be surprised if the price of BTC spike a bit as compare to the global price of BTC.

I dont really think this will affect positively, I think this wont even affect bitcoin price. Iran is not a big country with a good economy, they are being blocked by the united states and other countries. I hope Im making a mistake here but I dont see how this will make the market grow more, this are just my thoughts and I hope im wrong.
Let's take for example, Zimbabwe, If my memory serves me right, bitcoin is also at a premium price in their local exchange. But it didn't spark or affected the global market. So it means that we can take this Iranian news to push the price as well.
hero member
Activity: 1246
Merit: 529
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September 08, 2018, 07:21:03 AM
#26
this is good news because today bitcoin has declined again. everyone wants to get good news but I hope this isn't hoax news, maybe you can provide a real source

Well i don't think you should take anything like this too seriously because they're all based on people's speculation. I mean, yeah we're probably headed to that point but there won't be any shortcut and it may even take a while before we even get to half that figure.
sr. member
Activity: 882
Merit: 269
September 06, 2018, 10:25:40 AM
#25
This is certainly positive news but I do not think it will affect the growth of bitcoin as a whole ! But the news is really very positive )
This is actually high positive news from Iran and we hope this is going to affect bitcoin price positively in days to come. I have see a lot of positive news this year but there do not affect the market much.
Thats a good news we all believe should make the price of Bitcoin increase but it wont happen because no one understands where the market is heading again unlike before when the good news make real effect on the price of Bitcoin.
That is truth. It seen another force is affecting the market this days than news.  The whales are playing smart on us and we need to understand what their are doing to be able to make money from the next bullish trend.  $24,000 in bitcoin price in Iran may stimulate the market in future.
full member
Activity: 278
Merit: 101
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September 06, 2018, 10:22:22 AM
#24
I dont really think this will affect positively, I think this wont even affect bitcoin price. Iran is not a big country with a good economy, they are being blocked by the united states and other countries. I hope Im making a mistake here but I dont see how this will make the market grow more, this are just my thoughts and I hope im wrong.
full member
Activity: 1050
Merit: 102
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September 06, 2018, 10:13:47 AM
#23
this is good news because today bitcoin has declined again. everyone wants to get good news but I hope this isn't hoax news, maybe you can provide a real source
sr. member
Activity: 714
Merit: 250
September 06, 2018, 09:50:33 AM
#22
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.
Before we enjoy the beautiful days we are now suffering from the hell of the crypto market. Everything went down by 20-30% in two days and ETH was the hardest hit, with no pretty future in the short term. Maybe we need to wait 2 years for the market to go up like 2017
hero member
Activity: 1361
Merit: 506
September 06, 2018, 09:29:13 AM
#21
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.
Already Iran has been suffering due to US sanctions and much earlier before two years,it was discussing to adopt bitcoin to bypass US sanctions.But it didn't happen at that time.But now it has realised that allowing bitcoin would be the only way to save its economy.
hero member
Activity: 1834
Merit: 759
September 06, 2018, 09:06:03 AM
#20
as a rule of thumb whenever you read a news like this you should always check it on your own. for instance they are reporting bitcoin price at $24000 in Iranian exchange. I ask where are these exchanges, why haven't we ever heard of them before? where is the price report? I read the article on bitcoin.com, it seems to be pure nonsense and the site they are introducing is nothing but a shady one that is not used. in fact 99% of the traders in Iran are happening either p2p and off the market or on legit exchanges.

It's from a discrepancy between official USD exchange rates and unofficial exchange rates. Like Venezuela, Iran is basically saying their money is worth more than in actually is. The black market rates represent the "real" value of their money, which is why their Bitcoin price seems so inflated. If you check the Localbitcoin rates against the unofficial market USD rates, it's going to amount to ~$6k, which should be around normal price.

The mining announcement is great, because the more distributed and decentralized mining is, the stronger the network is. It's not going to have any immediate wide-reaching impact though, especially with regards to triggering a bull run. Good news for those who support the technology, meh for speculators.
legendary
Activity: 3556
Merit: 9709
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September 06, 2018, 08:58:48 AM
#19
There is no way that bitcoin could trade at 24,000 in one country and 6-7 thousand globally.  At these price points arbitrage would become inevitable. Every loophole would be exploited until it went down to reasonable levels.

Then you don't know how supply and demand works.

The number of available coins in Iran is so madly low, that people are pretty much forced to pay any amount if they want to buy themselves into Bitcoin. Admittedly, the difference in price is high, but I'm not really shocked about it either. Desperation forces you to do things you otherwise wouldn't do, especially when you take into consideration that the Iranian currency has significantly dropped in value this year.

It's near impossible for people here to exploit the difference in price, but no doubt that Iranian market makers will do everything to exploit the difference in price.

Makes you wonder how though, right? Is it safe in Iran for Westener’s? Makes you think about contacting people online & just going over there with paper wallets doesn’t it Grin

I don’t like the idea of having my head cut off with a knife on some sketchy live recording by terrorists though tbh.
legendary
Activity: 2170
Merit: 1427
September 06, 2018, 08:54:40 AM
#18
There is no way that bitcoin could trade at 24,000 in one country and 6-7 thousand globally.  At these price points arbitrage would become inevitable. Every loophole would be exploited until it went down to reasonable levels.

Then you don't know how supply and demand works.

The number of available coins in Iran is so madly low, that people are pretty much forced to pay any amount if they want to buy themselves into Bitcoin. Admittedly, the difference in price is high, but I'm not really shocked about it either. Desperation forces you to do things you otherwise wouldn't do, especially when you take into consideration that the Iranian currency has significantly dropped in value this year.

It's near impossible for people here to exploit the difference in price, but no doubt that Iranian market makers will do everything to exploit the difference in price.
hero member
Activity: 1492
Merit: 763
Life is a taxable event
September 06, 2018, 07:00:15 AM
#17
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

Where is your source? Link?


There is no way that bitcoin could trade at 24,000 in one country and 6-7 thousand globally.  At these price points arbitrage would become inevitable. Every loophole would be exploited until it went down to reasonable levels.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
September 06, 2018, 04:39:49 AM
#16
as a rule of thumb whenever you read a news like this you should always check it on your own. for instance they are reporting bitcoin price at $24000 in Iranian exchange. I ask where are these exchanges, why haven't we ever heard of them before? where is the price report? I read the article on bitcoin.com, it seems to be pure nonsense and the site they are introducing is nothing but a shady one that is not used. in fact 99% of the traders in Iran are happening either p2p and off the market or on legit exchanges.
legendary
Activity: 2254
Merit: 1043
September 06, 2018, 04:17:30 AM
#15
You think countries like Iran supporting crypto to circumvent sanctions is a good thing?

What if the countries like the US + EU decide to close the loophole and come down on crypto hard?

"EU Officials Set for Fresh Talks on Regulating Cryptocurrencies"
https://bitcoinist.com/cryptocurrency-regulations-eu-talks/
sr. member
Activity: 644
Merit: 250
September 06, 2018, 04:04:59 AM
#14
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.
I wonder if they sustain the price until now because outside their market it is still below $7,000. You are lucky if you are Iranian and have an access both local platform and International platform like Binance and Bittrex.
sr. member
Activity: 531
Merit: 258
September 05, 2018, 04:25:20 PM
#13
, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

Good days for Iran citizens, not all the others Roll Eyes
sr. member
Activity: 728
Merit: 254
September 05, 2018, 04:23:04 PM
#12
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.
$24000 in some Iranian exchanges, do you have a link to this news or names of any these exchanges ? Because this is crazy, $24000 again $7000! No foolish man will ever do this.
full member
Activity: 392
Merit: 100
September 05, 2018, 04:17:15 PM
#11
Thats a good news we all believe should make the price of Bitcoin increase but it wont happen because no one understands where the market is heading again unlike before when the good news make real effect on the price of Bitcoin.
full member
Activity: 784
Merit: 101
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September 05, 2018, 04:11:19 PM
#10
I believe bitcoin will arrive at that price, but maybe not as fast as we expected. Because, there are too many negative issues surrounding bitcoin this year
hero member
Activity: 2324
Merit: 562
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September 05, 2018, 03:38:25 PM
#9
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

The price of bitcoin is fluctuates to positive movement.So their is possibility of bitcoin price increase to 24k$.If you have huge amount of bitcoin in your wallet,hold it till the maximum raise in bitcoin price.Hold your bitcoin till the end of this year,you will get huge amount of profit as compared to now.With this buy bitcoin at every dump to get huge profits from it.Don't do panic selling,it will force you to lose some bitcoin at low price.
newbie
Activity: 53
Merit: 0
September 05, 2018, 03:10:50 PM
#8
in my opinion it could be because whatever your prediction might happen. no one knows the value of bitcoin in the future
jr. member
Activity: 182
Merit: 1
September 05, 2018, 02:41:34 PM
#7
The price is very much increased but it is only because the Iranian exchanges and not around the world. But I think mining will help Iran to get out of a difficult situation.
full member
Activity: 378
Merit: 100
September 05, 2018, 02:13:27 PM
#6
That's just great news!We look forward to a long green schedule.Many Arab countries want to join bitcoin.America everyone is already annoyed enough,maybe finally this will be at least some use)))well done to the Iranians!Support) oil-Producing country can seriously improve the situation on the market.Wait.I hope that all this will happen in the very near future)))
sr. member
Activity: 462
Merit: 250
September 05, 2018, 01:58:48 PM
#5
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

I'm not that shocked from the news but that 24k price is insanely high, I've seen 30-50% price of bitcoin on Indian exchanges in past.
Like Zebpay, for example, yesterday the price was around 8.6k USD/BTC.
Yes definitely it will reach at that level but not so early because Bitcoin is very down from a long time now and it is not able to recover with its original speed.The demand of Bitcoin is falling and so does the price but people are still holding their Bitcoins for future prices rise as they have faith in it.Bitcoin had reached almost $20000 in 2017 and so it was called the bitcoin year.People are expecting the same in future and I guess it has the capability to do it.
newbie
Activity: 16
Merit: 0
September 05, 2018, 01:58:06 PM
#4
This looks very good for the community, I sincerely hope this will have a positive effect on the global platform.
sr. member
Activity: 722
Merit: 258
September 05, 2018, 01:54:31 PM
#3
Yes, in the crypto world do not get bored))Every day is good then bad news.Your news is neither good nor bad. It's not clear how the market behaves and the price is not the fact that there will be  24000$
jr. member
Activity: 140
Merit: 1
September 05, 2018, 01:19:53 PM
#2
This is certainly positive news but I do not think it will affect the growth of bitcoin as a whole ! But the news is really very positive )
legendary
Activity: 1526
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September 05, 2018, 01:05:51 PM
#1
Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.
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