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Title: Mood on the ground doesn't match mood on the international exchanges Post by: dave111223 on April 16, 2013, 03:49:36 AM I help run a local exchange in Thailand; where we use our own capital to buy and sell bitcoins locally without going to international exchanges.
Basically once we run out of cash we stop buying bitcoins, or when we run out of bitcoins we stop selling them. Simple. However we've have been basically sold out of bitcoins for the last 2 months or more. The number of sellers continues to decrease and the number of buyers continues to increase. As soon as I get a seller come in the coins have been bought up within minutes usually, even after the recent price crash. The international exchanges seem full of sellers, but round here sellers are no where to be found anymore. I have to base my rates on international exchanges, as going rouge and starting saying "Bitcoins are worth $150 here" would surely be our downfall. Title: Re: Mood on the ground doesn't match mood on the international exchanges Post by: 1m1nd on April 16, 2013, 04:10:59 AM Perhaps they are selling on the international exchanges, and not locally
Alternatively, people are just using the coins for purchases Title: Re: Mood on the ground doesn't match mood on the international exchanges Post by: thezerg on April 16, 2013, 04:37:09 AM why aren't you going to int'l exchanges to purchase and selling those into your local market at a pre-arranged price with premium?
Title: Re: Mood on the ground doesn't match mood on the international exchanges Post by: xavier on April 16, 2013, 07:07:28 AM Having been involved in some OTC deals in south america, i can confirm there is a very bullish mood on the ground right now, contrasting whats going on at MtGox
Still a very bullish mood on the ground despite the sell off online |