Topic: Price of Bitcoin in Zimbabwe is 12k? - page 3. (Read 987 times)
the economic in zimbabwe have a many problems so this price happen .
Wow! Zimbabwe record the highest price of bitcoin into 12,000 USD. This is happen because of the economic growth problem encountered of Zimbabwe. In that, resulting bitcoin in emerging and seeing them as solution to their encountered problem in economic growth that why bitcoin experienced immense to 12,000 USD. But the deli-ma in this scenario happen, Zimbabwe government is known for strictly and often bizarre policies that resulting to possible banning of bitcoin altogether will be unsurprising base on the note of Gambanga of Zimbabwe government.
Yes indeed a great news and surely will have some positive impact on pricing in different countries too and on the popularity of bitcoin.
this is going to become a common thing in certain countries in the near future. mostly countries which have some issues with using foreign exchanges, like the popular ones: GDAX, bitfinex,...
in the said countries the demand for bitcoin is increasing a lot more than their local markets can mange so the price shoots up and since people want bitcoin they are forced to pay higher and higher prices. the arbitrage won't work since as i said above they have issues with using foreign exchanges so the price won't come down that easily either.
we have seen this before (which is still going on) in India. and now Zimbabwe and a couple of other countries but in a much smaller scale.
in the said countries the demand for bitcoin is increasing a lot more than their local markets can mange so the price shoots up and since people want bitcoin they are forced to pay higher and higher prices. the arbitrage won't work since as i said above they have issues with using foreign exchanges so the price won't come down that easily either.
we have seen this before (which is still going on) in India. and now Zimbabwe and a couple of other countries but in a much smaller scale.
Yet I'm complaining that local sellers on localbitcoin charge 200+ usd above market price 
Luckily I don't have to buy it in Zimbabwe!
Luckily I don't have to buy it in Zimbabwe! This news is true and this have been featured in news and articles a lot of times a month ago. If I'm not mistaken Zimbabwe only have one Bitcoin exchange called Golix and the reason why Bitcoin price is skyrocketing in Zimbabwe is because they are currently dealing with an economic crisis while the number of demand of Bitcoin inside their country keeps increasing driving the local exchange rates far above the global average but the trading volume is low. Now they have the most expensive Bitcoin in the world.
the reasons of that high price of bitcoin on that country is the volume, the demand of bitcoin is so high and the volume of bitcoin on that country is very limited to be use/spend inside their country, and their only one exchanges which is Golix decided to increase the price of bitcoin on their own exchange, how wise decision, they are already facing economic crisis but that exchange decided to increase the price of bitcoin, how is that happen?
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/
wow, thats really expansive...
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,bitcoin price in zimbabwe Golix exchange is $12,400.Zimbabwe is facing a serious economic crisis and its currency lost its value.So,the government replaced its currency with US dollars.Still due to lack of US dollars in the country,people are switching to bitcoins.
It is said that even the government itself could very soon accept bitcoin as legal tender.Now,zimbabwe exchange has the most expensive bitcoin in the world.
It is said that even the government itself could very soon accept bitcoin as legal tender.Now,zimbabwe exchange has the most expensive bitcoin in the world.
Bitcoin soars past $12,000 in Zimbabwe - Its unbelievable!
http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
wow that sounds really awesome that bitcoin is now liking by people in Zimbabwe because it means that bitcoin become more popular that it is now is the whole world and spread out all over the world this is really amazing and i know that the price of bitcoin is increases also in that country.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/
Woah! 12k? thats unbelievable that its being sold their almost 30% more on the current price of bitcoin on most exchanges. Im wondering if it would be good on doing arbitrage trading? It would really bring good profits.http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
Bitcoin is already gaining popularity as the years passed by and for sure on upcoming years to come there would be already lots of countries would consider bitcoin.
This news is true and this have been featured in news and articles a lot of times a month ago. If I'm not mistaken Zimbabwe only have one Bitcoin exchange called Golix and the reason why Bitcoin price is skyrocketing in Zimbabwe is because they are currently dealing with an economic crisis while the number of demand of Bitcoin inside their country keeps increasing driving the local exchange rates far above the global average but the trading volume is low. Now they have the most expensive Bitcoin in the world.
Bitcoin soars past $12,000 in Zimbabwe - Its unbelievable!
http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/
I don't know whether this news is true or not. It has got largest chance to have such a price difference, because in the past similar thing happened in India when the fiat that's under usage got demonetized. But during those days such an increased difference wasn't felt. 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/
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