Topic: Price of Bitcoin in Zimbabwe is 12k? (Read 979 times)
This news is unbelievable but true. Though Zimbabwe is having economic problems right now, I hope their people use this advantage to lift their economy and lives.
Just to tell you here guys. it is not impossible to sell your bitcoins to Zimbabwe for that high amount of $$$ but in the end you lose all your money because you cannot transfer your money out of Zimbabwe. just be carefull and dont try anything stupid.
Zimbabwe is one among the small country that has got good usage of bitcoin as well more acceptance even when the money value of the country has been decreasing continuously. During those days experts too suggested Zimbabwe to adopt bitcoin to overcome the financial crisis.
So if i sell my bitcoin in zimbabwe, i can sell for 12k ? 
It seems too easy, what's the catch ?
I don't think so that they will allow someone offshore to join the rally on their country, it's just a way to attract more people in Zimbabwe to pull out their funds from the bank and invest it to bitcoin.It seems too easy, what's the catch ?
I heard that Zimbabwe is facing an economic crisis at this moment and introducing bitcoin into the people there will increase the popularity of bitcoin. With its price there at 12k, a difference of 5k with the normal price and it will attract more people to jumped with earning bitcoin.
They really are base on the article that was give by the OP, they have to do it to get more investors and encourage their citizens to buy some more bitcoin and get involved with the economy.
So if i sell my bitcoin in zimbabwe, i can sell for 12k ?
It seems too easy, what's the catch ?
It seems too easy, what's the catch ?
This is just a hint of how things would happen globally if the shit would really hit the fan. Bitcoin would explode and go to the unexpected heights...
In my view, we don't even need the shit to hit the fan globally. A collapse of a few local currencies would suffice. That's what we already see with Maduro's insane economic policies in Venezuala, but it is certainly not the only country which has serious issues with their fiat money. Cryptocurrencies can help local people save themselves from the outrage and insanity of their govs.
Nothing surprising to me due to crazy inflation in Zimbabwe in last years
I heard that Zimbabwe is facing an economic crisis at this moment and introducing bitcoin into the people there will increase the popularity of bitcoin. With its price there at 12k, a difference of 5k with the normal price and it will attract more people to jumped with earning bitcoin.
Perhaps this is the most potential investment market in the world when the value of the currency is much higher than the common ground of the world. It is possible that the supply of the market is lacking and the demand of investors is too great to have led to a state of drastic increase compared to the price of the world.
Yes these can be the reasons for such a great difference between the normal exchange rate and that of the Zimbabwe. Actually the problem is that country itself is losing the importance of national currency and hence due to economic crisis these days, people are switching towards the use of US dollars instead of their own currency. Finding the possible options in terms of bitcoins has led a mass movement towards the use of digital currencies. As a result the number of investors and users has shoot thus causing the price to rise to somewhat dollar 12000 in return of a single bitcoin 
Zimbabwe has been plunged into economy crisis for many years this is a result of sanctions imposed on them by many advanced countries this had made their local currency to be worthless in order to survive this hardships they citizenry had to resort to bitcoin as foreign exchange which triggers massive buying of bitcoin with just a single exchange who had no competitor than to increase the price of bitcoin to $12,000K.
That's such a ripoff. It's a classic example of why having no competition is ultimately bad for consumers. I hope many other exchanges open in Zimbabwe.
Bitcoin soars past $12,000 in Zimbabwe - Its unbelievable!
http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
This is just an instant boom and not a recognized value here: https://coinmarketcap.com/currencies/bitcoin/ http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
Bitcoin soars past $12,000 in Zimbabwe - Its unbelievable!
http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
I don't know if the notice is real or not, but i think that is it not real
Because if is it real, we can buy bitcoin at lowest price in other place and resell them in Zimbabwe
And become rich quickly
Or it may be a sure way to lose your money
What stops you from buying bitcoins, say, at Bitfinex and sending them to Zimbabwe? I guess many people would be happy to find out if you can really make use of this mind-boggling price spread between local exchanges (I don't know how many exchanges are in Zimbabwe) and the rest of the world. Anyway, some people have obviously already tried, and since we don't see prices going to their average value across major exchange (the same Bitfinex), things aren't as easy as they seem to be
Bitcoin soars past $12,000 in Zimbabwe - Its unbelievable!
http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
I don't know if the notice is real or not, but i think that is it not real
Because if is it real, we can buy bitcoin at lowest price in other place and resell them in Zimbabwe
And become rich quickly
That's insane. But yeah, that just means demand is especially high there. It's really no surprise that the price is surging. What is actually surprising, is their citizens are using Bitcoin as a storage of value. Let's face it, USD and gold are much safer, and much more stable options. It's interesting how a large number of them are flocking to Bitcoins when they have other options.
People have always said that Bitcoins are an excellent storage of value, and we're currently seeing it in action. There's no way the FUD people can put a negative spin on this. It's clear that Bitcoin is serving as a lifeline for these people who are being failed by their government.
People have always said that Bitcoins are an excellent storage of value, and we're currently seeing it in action. There's no way the FUD people can put a negative spin on this. It's clear that Bitcoin is serving as a lifeline for these people who are being failed by their government.
I think the demand was due to its economic crisis and it really looks like they are using bitcoin as store of value. And its only like they are using it as kind of hedge, just like storing oil and water during time of crisis. But I really find it surprising the price go up that high in Zimbabwe trading platform. It is possible to do arbitrage though? Anyways, just like the crisis in Venezuela, bitcoin has become there lifeline and go because of the total breakdown in their nation.
This is just a hint of how things would happen globally if the shit would really hit the fan. Bitcoin would explode and go to the unexpected heights...
No one would be happy then
Even the strongest of Bitcoin supporters. Nevertheless, I'm inclined to think we don't even need the shit to hit the fan globally. A country like Russia or Indonesia with their hundreds of millions of population would do wonders to Bitcoin price when population en masse finds out about crypto. Zimbabwe is pretty insignificant and inconsequential in this regard but if a currency of a major country (like those with over 100M of population) hits the floor or just gets devalued heavily, Bitcoin will get a dramatic boost from the demand there
Considering their paper money in the economy is worthless right now I'm surprised it didn't go higher than that. That price is based on USD though because Zimbabwean dollars are worse than in Venezuela right now
You can safely kiss good-bye to Zimbabwean dollars
Considering their paper money in the economy is worthless right now I'm surprised it didn't go higher than that. That price is based on USD though because Zimbabwean dollars are worse than in Venezuela right now. The inflation is so much that shit is worth more than the paper money there so that's why I'm thinking the price should be higher than 12k for 1 Bitcoin.
Bitcoin soars past $12,000 in Zimbabwe - Its unbelievable!
http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
Considering the current state of the Zimbabwean economy under Robert Mugabe at the moment, it's not really surprising that that the bitcoin equivalent and in my opinion, it should have even gone higher than that. http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
This is just a hint of how things would happen globally if the shit would really hit the fan. Bitcoin would explode and go to the unexpected heights...
No, it is like that because zimbabwe local currency value keep decreasing and with the economics issue in their country, people want to store their wealth in something else beside fiat and that leaves bitcoin as a stronger store of value. The volume in their exchange itself is very low so it's easy to drive the price up if you have some capital.
This is just a hint of how things would happen globally if the shit would really hit the fan. Bitcoin would explode and go to the unexpected heights...
Jump to: