Topic: Who is buying Bitcoin in Iran? - page 2. (Read 744 times)
I think what they are thinking about is how to save their real assets such as gold and fiat money, so they are looking for alternative ways to buy bitcoin and store it overseas so they don't worry about their assets in digital form like bitcoin, I think bitcoin is the only alternative to protect the value and assets of war, hope there is an effect of the price of bitcoin on other exchanges
Perhaps the people and major economic organizations in Iran are scared of World War 3 and they are rushing to buy bitcoins to ensure financial security, and I was really surprised that the price of bitcoin in Iran is three times higher than that of the global market. They fear that Iranian currency will be seriously affected by this conflict.
I hope World War 3 will never explode because it will cause great damage to the world and this market.
I hope World War 3 will never explode because it will cause great damage to the world and this market.
Yes, if the third world war took place bitcoin would be the best replacement money. If anyone wants to move their assets away from a war, then bitcoin is a great choice.
Shortly after the United States ended the attack there was much fear about a war and there are sources of reports that in Iran bitcoin has risen to $ 25,000.
Shortly after the United States ended the attack there was much fear about a war and there are sources of reports that in Iran bitcoin has risen to $ 25,000.
Their economy may be in shambles if they decide to go to war with the US.
It is the US that is trying to go to war with Iran. This latest even is an act of war by the US, and is not based on any proven action by Iran.
That is true but Iran might decide to strike back US and that might even mean begininig of world war.
Anyway, any war activities might effect economy in Iran but I don't think that Bitcoin could play any role in that and the state will definetely not turn to Bitcoin, maybe only some individuals.
Bitcoin will indeed not play a role as a substitute for their country's currency but bitcoin is played by individuals there to rescue their assets. When a war breaks out, access to their finances may be impossible, they try to save everything before something worse happens. Yeah this will lead opinion further from other countries as well, hopefully everything will be fine.
After that use of lethal force by the US they have to be scared of an incoming conflict and we all know who gets hurt the most in these things. It's not the military or the politicians but the local people who just want to run their businesses and drive kids to school. I bet it's the business owners trying to protect themselves from an eventual bank run.
I feel very sad for normal people in Iran whose intention is to survive everyday by working and doing business, it just makes me sad knowing that they are the primary people who would suffer from the risk of threatening world war especially the young ones who does not know what is going on. It is not about crypto anymore but the humanity as a whole.War always hurt normal people who just wanna live happily with there families. War only benefits pharma, weapon producing companies, oil companies (in case of Iraq war) and not to forget politicians. Let peace prevail and no war. We have already seen so many wars and dont think we are in position to bear another war.
To be honest, we never know who bought bitcoin there because there is no valid information so far, only assumptions.
In addition, we cannot detect who the buyer is through proof of transaction because it is anonymous.
Yep, the only thing we can do is to make assumptions of who'm transaction can this be. So far I think it is from someone in the government or maybe someone anonymous who's actually trying to hide and protect his fortune using bitcoin. In addition, we cannot detect who the buyer is through proof of transaction because it is anonymous.
To be honest, we never know who bought bitcoin there because there is no valid information so far, only assumptions.
In addition, we cannot detect who the buyer is through proof of transaction because it is anonymous.
Yep, the only thing we can do is to make assumptions of who'm transaction can this be. So far I think it is from someone in the government or maybe someone anonymous who's actually trying to hide and protect his fortune using bitcoin. In addition, we cannot detect who the buyer is through proof of transaction because it is anonymous.
To be honest, we never know who bought bitcoin there because there is no valid information so far, only assumptions.
In addition, we cannot detect who the buyer is through proof of transaction because it is anonymous.
In addition, we cannot detect who the buyer is through proof of transaction because it is anonymous.
In my opinion, those who buy bitcoin in iran are rich people who want to protect their wealth, now the situation in Iran is not conducive.
So it is too risky if their wealth is deposited in a bank or in fiat form. So rich people in Iran choose bitcoin to save their wealth. And who
buys bitcoin in iran can also be the iran government itself, with the intention of protecting the country's finances and bought a number of
weapons in preparation for the fight against America. I hope the situation in Iran is getting colder and between Iran and America can make
peace. Because peace is better.
So it is too risky if their wealth is deposited in a bank or in fiat form. So rich people in Iran choose bitcoin to save their wealth. And who
buys bitcoin in iran can also be the iran government itself, with the intention of protecting the country's finances and bought a number of
weapons in preparation for the fight against America. I hope the situation in Iran is getting colder and between Iran and America can make
peace. Because peace is better.
The only people in iran that are able to buy bitcoin are wealthy or rich people because they will store all of their money, so that they could preserve and save their money in the future until the war between US and Iran was finished. Also, the government would also buy bitcoin to store their money too.
It can be the richest, the government or just regular or middleclass people in Iran. We all know the situation there all people are looking for ways to protect their money and I understand their choice to buy bitcoins if they are really converting their wealth to bitcoin at this moment. Crisis leavs peope with no choice but to preserve all money they can. But one thing is for sure people buying bitcoins at very high rate is not for invetment but to preserve their money.
Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Iran’s economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?
That is one good way to transfer a huge amount of money through btc because if they had it over the banks they might get interfered as the situation of Iran and US is getting ugly. Btc will be recognized as a store of wealth once world war 3 is going to happen. Paper money is not safe not even the banks in storing the wealth.
Their economy may be in shambles if they decide to go to war with the US.
It is the US that is trying to go to war with Iran. This latest even is an act of war by the US, and is not based on any proven action by Iran.
That is true but Iran might decide to strike back US and that might even mean begininig of world war.
Anyway, any war activities might effect economy in Iran but I don't think that Bitcoin could play any role in that and the state will definetely not turn to Bitcoin, maybe only some individuals.
Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Iran’s economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?
We know that Iran could buy them kind bitcoin but we don't know their motives in bitcoin are they just recognized bitcoin in away.Still, this kind of move could also be part of the war maybe there are trying to attack the economy having a big percentage of bitcoin might affect the economy.
What I'm wondering is that BTC is ban in IRAN why is there people selling BTC on localbitcoin which as far as I know their LBC account has to be linked to a bank account in the country. It would make sense if its the government who are buying the coins and then there are these people who grab the opportunity to sell due to high price.
I do really wonder how this could impact the worlds market price of bitcoin because if the only person buying the most and the high price of bitcoin could just be located at iran, it will not impact the worlds market price that could be observed at the CMC, though I do believe that many people will take this as an opportunity to buy more bitcoin because of the tension and the possibilities that a domino effect could happen. In which people around the world even those that aren't living in Iran or US are accumulating because of the tension.
Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Iran’s economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?
Sir i did not get any authountic link here that MD. Reza Pourebrahimi has stated more than $2.5 billion has been transferred out of the country via BTC. Actually many things can happen in 2020 year. All big financial giant country now looking digital currency through block chain because its easy transfer and no documentation. So no doubt that in near future digital currency will be best for financial correspondence.
actually I'm also curious, who are the people who buy bitcoin at a very high price, can they not buy bitcoin at binance or other markets at much cheaper prices? I was really curious about how they sold. other than that, this might have something to do with the problem that is currently happening, and I think that they started doing transactions using crypto.
Please note that its actually incorrect to say money is getting in or out certain physical place. If it becomes bitcoin, it is bitcoin everywhere. Bitcoin is border-less, once you change your country's fiat into Bitcoin, you have gained a worldwide asset. So rather than saying the money leaves Iran, you could say the money enters Bitcoin. It can still be used inside Iran at any moment, unlike doing the same with forex or some foreign bank account. The difference is huge if you stop to think about it...
Iranians buying bitcoin are not really taking the money out of the country, but they are saving it from both the country (Iranian State) and the potential aggressor/invader (see the military command economy they imposed to Germans after the fall of the 3rd Reich). This is one more reason why Bitcoin is so valuable rather than some physical asset that could be seized or destroyed, or a fiat that could lose all value overnight.
Iranians buying bitcoin are not really taking the money out of the country, but they are saving it from both the country (Iranian State) and the potential aggressor/invader (see the military command economy they imposed to Germans after the fall of the 3rd Reich). This is one more reason why Bitcoin is so valuable rather than some physical asset that could be seized or destroyed, or a fiat that could lose all value overnight.
You were right about this, but still missing. When the local price of bitcoin rises too much, this means that they accept losing a large amount of money. The discrepancy between local prices and worldwide prices is a cause for their loss. In other words, it is the amount of damage they have to accept to own bitcoin. I am not sure if their actions are correct, this amount may be even greater than the amount lost due to inflation during the war. But in return, they have safety when they can use the money worldwide.
$2.5 billion is a lot of money that was been transferred in a short period of time and surely it is the wealthier family that preserving their wealth in case the war go forward,the question is in what countries they are putting the amount?anyway this is a serious issue because both Iraq and Iran is now in the situation considering they are both one of the biggest supplier of Oil in the world.if the war go further for sure the effect in cryptoworld will take place.but for those who has a chance to buy bitcoin in local market must accumulate and take this as an advantage to buy more and keep holding until the issue settled.
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