Which currency is bitcoin cheapest in? - page 2.

btccashacc

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Quote from: MONKEYJUNK on October 22, 2016, 03:50:07 PM

Never checked, but I think in developed countries the bitcoin is more cheap because the accessibility and maybe lower taxes...

Anyone can confirm my theory?

I live in developed country seems like the price is same with other currency, however you can buy bitcoin here without tax so i think i might agree with you that bitcoin is more cheap here but price differences between my currency and others is not too far away, it must be tax charges or something that caused additional fee, that's why bitcoin in somewhere is cheaper than others.
Anyway i never checked the price differences before.

MONKEYJUNK

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Never checked, but I think in developed countries the bitcoin is more cheap because the accessibility and maybe lower taxes...

Anyone can confirm my theory?

Doamader

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The only differences bitcoin prices does have its at some exchanges where the difference can reach around 20- 50 dollars, but the thing is the price are a bit different if you have some capital you can play with those game.

U2

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I used to be indecisive, but now I'm not sure...

It fluctuates all the time actually. Sometimes yen, sometimes yuan, sometimes USD. It eventually evens out though because that's when people take advantage of arbitrage.

ivanst776

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Quote from: Xenophoto on October 20, 2016, 06:06:45 AM

In any currency, the price of Bitcoin would be the same. I don't see any currency which you can use to buy Bitcoin in a much cheaper price. If there's one that exists, people should have always used it in the beginning. There would be some small difference when you convert a certain fiat currency into another but it's not enough to make some actual profit.

I don't think so, the bitcoin price besides in USD is different in other currencies because the exchange rate between USD/CHF or USD/EUR is applied.

So if 1BTC costs 650 USD doesn't mean that the same rate will be in other currencies because it is depending of the stock market in fiat.

To the OP, since the bitcoin value is estimated in USD then in USD is the cheapest price comparing with other currencies.

streazight

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Quote from: AlexMFV on October 21, 2016, 08:33:50 AM

They have almost the same price in every currency they only addapt to that currency like in euros you have:

1 BTC = 570,0€ (620$)

and in USD:

1 BTC = 633,2$ (582€)

and if you convert the prices they are almost the same the only thing is that in some currencies or countries you have taxes and that's the difference in price. Unfortunately. Sad

You are making a point there, but I still think that there are somehow significance price difference in some instances. Believe me that is the advantages some people use to make huge profit in trading the currency. That little price difference matters alot to some traders.

asriloni

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Quote from: Kprawn on October 20, 2016, 12:16:59 PM

Quote from: franky1 on October 20, 2016, 11:39:53 AM

the only way to truly measure it. is in comparison to minimum wage and also price of buying groceries.

EG
california minimum wage is $10 so for 60 hours of labour ($600) you can get ~1btc
Idaho minimum wage is $7.25, so for 82 hours of labour ($600) you can get ~1btc

trying to think about only the $$ as is is futile. because in most cases buying with uk pound us based on the exchange rate via dollars.

but if you think of it from minimum wage (£7.20)
UK minimum wage is £7.20, so for 67 hours of labour ($489.52=$600) you can get ~1btc
which out of the 3 examples make it "cheaper" to buy bitcoin in california, then UK, then idaho

ill let you do the maths for REAL VALUE. for all area's.. and not the fiat value based on fiat exchange
its also worth adding in the 'cost of living' metric to get a more defined real "cheap" list of places to live to get bitcoin

EG
fiat:
california min wage= $10, loaf of bread $2
idaho min wage= $7.25, loaf of bread $1.50

now imagine they asked each other for one hours labour.
Idaho gets $10 from cali' and can then buy 6.66 loaves.. = happy
cali' gets $7.25 from idaho and can only buy 3.625 loaves = not happy

btc:
california min wage= 0.01666666btc, loaf of bread 0.003btc
idaho min wage= 0.01208333btc, loaf of bread 0.0025btc

now imagine they asked each other for one hours labour.
Idaho gets 0.01666666btc from cali' and can then buy 6.66 loaves.. = happy
cali' gets 0.01208333btc from idaho and can only buy 3.625 loaves = not happy

Franky, I think he is referring to different currencies, not a single currency. In the USA a dollar is a dollar.. no matter where you spend it,

you will get the same amount of Bitcoin for it, no matter where you are. { If you are in California or Idaho, and you buy at exactly the

same exchange, you would get the same amount of bitcoins. } He wants to buy Bitcoin with the cheapest currency. Try the Zimbabwian

dollar. { Just joking... you will still get the same amount, no matter what currency you use. }

I just got this point, actually like the example if he are wanna for buying 1 btc for his pouch and asking about 579 euro for 1 btc and comparing the price buying in the another currency like USD and will got $630 for a btc. and if we are wanna for comparing what is more cheap between buying in the USD or EURO and the result are totally there is no gap of the price between buying in USD or EURO, and using the currency calculator EUR579 = USD630 = 1 BTC, and that's just not applied for both of the fiat currency but for all kind of the fiat currency.

Wind_FURY

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Quote from: metalbean on October 20, 2016, 02:50:32 AM

Is it actually possible that bitcoins are actually cheaper (not by small margin) when bought in certain currencies or will the price for BTC across currencies self adjust throug exhange rate market force.

If you are thinking of arbitrage opportunities then I suggest you take a look at Localbitcoin's prices. Sometimes you could get cheap Bitcoins over there and sometimes you could sell at a premium. This is mainly because of the low volume of some trades created there but if you are patient and motivated you could make a decent profit. Notice the regulars there who have made over 1000 trades still active thru all these years. They must be making some money.

arransiv

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Quote from: franky1 on October 20, 2016, 11:39:53 AM

the only way to truly measure it. is in comparison to minimum wage and also price of buying groceries.

EG
california minimum wage is $10 so for 60 hours of labour ($600) you can get ~1btc
Idaho minimum wage is $7.25, so for 82 hours of labour ($600) you can get ~1btc

trying to think about only the $$ as is is futile. because in most cases buying with uk pound us based on the exchange rate via dollars.

but if you think of it from minimum wage (£7.20)
UK minimum wage is £7.20, so for 67 hours of labour ($489.52=$600) you can get ~1btc
which out of the 3 examples make it "cheaper" to buy bitcoin in california, then UK, then idaho

ill let you do the maths for REAL VALUE. for all area's.. and not the fiat value based on fiat exchange
its also worth adding in the 'cost of living' metric to get a more defined real "cheap" list of places to live to get bitcoin

EG
fiat:
california min wage= $10, loaf of bread $2
idaho min wage= $7.25, loaf of bread $1.50

now imagine they asked each other for one hours labour.
Idaho gets $10 from cali' and can then buy 6.66 loaves.. = happy
cali' gets $7.25 from idaho and can only buy 3.625 loaves = not happy

btc:
california min wage= 0.01666666btc, loaf of bread 0.003btc
idaho min wage= 0.01208333btc, loaf of bread 0.0025btc

now imagine they asked each other for one hours labour.
Idaho gets 0.01666666btc from cali' and can then buy 6.66 loaves.. = happy
cali' gets 0.01208333btc from idaho and can only buy 3.625 loaves = not happy

Sorry frank, I don't agreed with your logic...
For example if this guys earn 1 bitcoin each other in gambling or something....
so Idaho = not happy and Cali = happy

Bitcoin have the same value, nothing with minimum wage... Just have difference between exchanges and it's very low because people do arbritage...

neochiny

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Well, like others, I think the price of bitcoin varies depending on the exchange site. But the difference isn't really that big. It's not about the currency its in.

But,prices at local exchanges may be higher/more expensive.
Like for my local exchange. Let's say at coinbase Sell 1 bitcoin = $630, but for my local exchange when converted to my currency it'll be Sell 1 bitcoin = $615 - $620. The currency conversion/exchange (fee/charge?) really takes out a lot. So in this case, when selling bitcoin, the value actually goes down. As for buying, it's more expensive.

Newcoins2020

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Quote from: iqlimasyadiqa on October 21, 2016, 09:48:24 AM

Quote from: Shinpako09 on October 21, 2016, 08:48:00 AM

They are the same no matter what currency is that and maybe its possibe that price could be higher in the current price if you wanted to buy in a local exchange site(of course using your own local currency)but lower than the current price when your going to sell.

so true . it depends on the price of an exchanger. we find it difficult to get the lowest price. because almost all exchange has a price that is not far adrift. for me is getting exchange of reliable and safe. it is the most important thing.

The ex-changer is very important for the price no doubts about that, I think that its very important if I have to be honest.
The price is almost on every currency the same so that does not make sense at all ..

amacar2

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Quote from: AlexMFV on October 21, 2016, 08:33:50 AM

They have almost the same price in every currency they only addapt to that currency like in euros you have:

1 BTC = 570,0€ (620$)

and in USD:

1 BTC = 633,2$ (582€)

and if you convert the prices they are almost the same the only thing is that in some currencies or countries you have taxes and that's the difference in price. Unfortunately. Sad

Even in this calculation there is some price difference however there will be currency exchange fee between converting one currency to another so this small difference will not make bitcoin cheaper anyway.

Gasturcas

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Quote from: Shinpako09 on October 21, 2016, 08:48:00 AM

They are the same no matter what currency is that and maybe its possibe that price could be higher in the current price if you wanted to buy in a local exchange site(of course using your own local currency)but lower than the current price when your going to sell.

that's right its always depend from what currency are we using and which currency we wanted to exchange our btc, i think usd is the main basis of its current price but going to our local exchanges we will need to stay on their current price as well.

Sponsoredby15

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Quote from: iqlimasyadiqa on October 21, 2016, 09:48:24 AM

Quote from: Shinpako09 on October 21, 2016, 08:48:00 AM

They are the same no matter what currency is that and maybe its possibe that price could be higher in the current price if you wanted to buy in a local exchange site(of course using your own local currency)but lower than the current price when your going to sell.

so true . it depends on the price of an exchanger. we find it difficult to get the lowest price. because almost all exchange has a price that is not far adrift. for me is getting exchange of reliable and safe. it is the most important thing.

No it depends also in law of supply and demand. For example every halving of bitcoin there is a certain matter that the bitcoin will rise the value and it is definitely double the previous value so it is a law of supply and certainly the currency of your country will definitely low in the value bitcoin therefore it is a law of demand.

iqlimasyadiqa

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Quote from: Shinpako09 on October 21, 2016, 08:48:00 AM

They are the same no matter what currency is that and maybe its possibe that price could be higher in the current price if you wanted to buy in a local exchange site(of course using your own local currency)but lower than the current price when your going to sell.

so true . it depends on the price of an exchanger. we find it difficult to get the lowest price. because almost all exchange has a price that is not far adrift. for me is getting exchange of reliable and safe. it is the most important thing.

chocolatedudes12

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Quote from: AlexMFV on October 21, 2016, 08:33:50 AM

They have almost the same price in every currency they only addapt to that currency like in euros you have:

1 BTC = 570,0€ (620$)

and in USD:

1 BTC = 633,2$ (582€)

and if you convert the prices they are almost the same the only thing is that in some currencies or countries you have taxes and that's the difference in price. Unfortunately. Sad

Interesting I had no idea the value changed from Euro to USD.

Shinpako09

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They are the same no matter what currency is that and maybe its possibe that price could be higher in the current price if you wanted to buy in a local exchange site(of course using your own local currency)but lower than the current price when your going to sell.

AlexMFV

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They have almost the same price in every currency they only addapt to that currency like in euros you have:

1 BTC = 570,0€ (620$)

and in USD:

1 BTC = 633,2$ (582€)

and if you convert the prices they are almost the same the only thing is that in some currencies or countries you have taxes and that's the difference in price. Unfortunately. Sad

dimonstration

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Quote from: metalbean on October 20, 2016, 02:50:32 AM

Is it actually possible that bitcoins are actually cheaper (not by small margin) when bought in certain currencies or will the price for BTC across currencies self adjust throug exhange rate market force.

Yes it's possible , if you use many exchange you can see the difference of the price some is lowest and some is highest but its almost the same only small amount difference in any exchange.

wintermeasures

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Quote from: metalbean on October 20, 2016, 02:50:32 AM

Is it actually possible that bitcoins are actually cheaper (not by small margin) when bought in certain currencies or will the price for BTC across currencies self adjust throug exhange rate market force.

No I Don't think that Bitcoin is Cheap in Any Country .
According to me It has Same Value in all Currency No Currency will Change its Price So I Don't think that Bitcoin Price Can Be Changed By Exchanging it to Some Other Currency....

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