Title: What was the practical ATH of BTC against INR? Post by: BitcoinExchangeIndia.com on November 12, 2020, 05:23:05 PM I do remember BTC to be traded over 12L INR at LocalBitcoins.com on December 2017. But, what was the highest value against INR that BTC has ever received on any exchange? Did it touch 13L INR on any exchange?
Please note that, I am not asking the INR equivalent of USD rate. Title: Re: What was the practical ATH of BTC against INR? Post by: Heisenberg_Hunter on November 12, 2020, 07:08:07 PM Meanwhile right from the beginning of December 2017, I was watching bitcoin prices every now and then and I believe 15,70,000 INR was the ATH price I have seen as far as I remember. I think I saw this price in random newspaper clipping and suddenly logged into Unocoin to learn about trading.
I don't really remember the date at which I have seen this price but it was a December 2017 Sunday for sure. That motivated me to learn more about bitcoin and evening of that day, I eventually found bitcointalk through a medium post and that night I started my journey deep inside the rabbit hole ;D P.S Still searching for the medium post which made me to register onto bitcointalk ??? Title: Re: What was the practical ATH of BTC against INR? Post by: eaLiTy on November 15, 2020, 08:01:12 AM Meanwhile right from the beginning of December 2017, I was watching bitcoin prices every now and then and I believe 15,70,000 INR was the ATH price I have seen as far as I remember. I think I saw this price in random newspaper clipping and suddenly logged into Unocoin to learn about trading. The price was around those valuation and coinsecure usually gave the best price among the other Indian exchanges and it was great for arbitrage trading as all the exchanges had different valuation at any given point even though the delay in transaction was higher i was jumping around coinsecure, unocoin, koinex, bitbns and two other international exchanges during that period :D.Title: Re: What was the practical ATH of BTC against INR? Post by: BitcoinExchangeIndia.com on November 24, 2020, 05:27:29 PM Meanwhile right from the beginning of December 2017, I was watching bitcoin prices every now and then and I believe 15,70,000 INR was the ATH price I have seen as far as I remember. I think I saw this price in random newspaper clipping and suddenly logged into Unocoin to learn about trading. Are you sure that it crossed 15L INR? I don't really remember the date at which I have seen this price but it was a December 2017 Sunday for sure. That motivated me to learn more about bitcoin and evening of that day, I eventually found bitcointalk through a medium post and that night I started my journey deep inside the rabbit hole ;D P.S Still searching for the medium post which made me to register onto bitcointalk ??? Naimish also recently tweeted that it was around 14.45L INR - https://twitter.com/ThatNaimish/status/1328930296608157696. Today's CoinCrunch article is claiming that ATH has already been hit in terms of INR - https://coincrunch.in/2020/11/24/bitcoin-all-time-high-india/. Title: Re: What was the practical ATH of BTC against INR? Post by: Heisenberg_Hunter on December 01, 2020, 05:11:59 PM Are you sure that it crossed 15L INR? I believe so. Either the random newspaper could have given out incorrect information during that time, may be? or someone could have been selling bitcoin at that price in P2P exchanges like Localbitcoins? But, I am quite sure I have seen that price (which I mentioned above) being printed in an Indian newspaper on a Sunday December 2017 time.Even now if you check in WazirX, BTC is getting traded at 14,81,000 INR and LBTC prices are 10k higher than that. And we are also well aware about Indian media which delivers half baked info regarding bitcoin as they lack the basic education to understand what bitcoin is and can't really understand much above a stock market scheme. BTW another interesting fact is that, 1 USD was around 64 INR at December 2017 i.e $19,783 (practical ATH of BTC as per fortune data (https://fortune.com/2017/12/17/bitcoin-record-high-short-of-20000/)) brings the price to 12,66,112 INR and I am not sure how BTC was trading at these insane levels in Indian exchanges? Were we paying 1,75,000 extra for buying btc in India? I agree with Supply and Demand ratio, but paying $2,700 per btc is too much to say. |