[2017-11-15] Zimbabwe exchanges now trade Bitcoin even higher due to the coup

[fanatseal2]

The cryptocurrency exchanges of Zimbabwe traded Bitcoin higher than in other parts of the world even before recent events regarding the political status of Robert Mugabe, 93-year-old dictator, leader of Zimbabwe since 1987.

Bitcoin’s price on the local digital exchanges was so high due to correspondingly higher demand in comparison to other countries. And the reason for all this was the local currency, as the (can we call it “previous” by now?) government of Zimbabwe was not the finest not only when it comes to human rights, but...Read more

[Lieldoryn]

It is natural. During the destabilization of the situation in the country is an uncontrolled growth of inflation. In such circumstances it is only natural that those who have the opportunity to earn bitcoins of course completely switched to an alternative income. Only in such circumstances, the market and the banks I can not imagine.

[1Referee]

+$13,000 levels is definitely not a joke, but it mainly comes from the lacking supply. In order to escape their broken system, the people there are willing to enter the market at any available price, which perfectly shows how desperate they are. Imagine how things must have been for these people in a situation where there wasn't something like Bitcoin they can jump into to escape from that barbaric system. I feel really sorry for these people, but at the same time it makes me happy that we have Bitcoin to outrule governments, and in these situations it perfectly shows how powerful Bitcoin as tool is. At this point it's far away from most of the people here, but this can happen basically in any country, so think twice before cashing out your coins for fiat. Selling Bitcoin for fiat = going backwards, even when you made profit.

[Kprawn]

Zimbabweans have the ball in their corner now. If the army back down, people will lose trust in them and they will become

more desperate. Robert Mugabe {dictator} will not go down without a fight. {Yes, he might be old... but he is stubborn as

hell.} Most Zimbabweans are very poor and they have no access to the internet, so they will know very little about Bitcoin.

I think they also use M-Pesa as a alternative to their Fiat currency. 

[Slow death]

I live in Mozambique and my country is bordered by Zimbabwe and I was shocked by this news, but this is already common in Africa, the parties in power impose their wills on the president of the country, this is the case of Zimbabwe, where poverty worsens each day.

Robert Mugabe {dictator} will not go down without a fight.

he has already lost this fight because his political party is responsible for the coup

[pitham1]

It essentially is a closed economy and people are trying to get their money out. Unfortunately, there seems to be no other alternative for Zimbabweans. I don't see the premium disappearing even after the government stabilizes.