[2017-08-30] BS: Bitcoin price crosses Rs 3 lakh mark in India

[polynesia]

Bitcoin price crosses Rs 3 lakh mark in India

http://www.business-standard.com/article/markets/bitcoin-price-crosses-rs-3-lakh-mark-in-india-117082900620_1.html

The value of bitcoin, a leading crypto currency, crossed the Rs 3-lakh mark on the Indian exchanges on Tuesday.

At present the price quoted on Zebpay, the oldest and largest bitcoin Indian exchange, is Rs 3,16,000 per unit while globally it is trading at $4,600. On Unocoin, another big Indian exchange, it is quoting Rs 3,04,000 per unit.

There are around 100 crypto currencies traded globally but bitcoin is the largest and most popular.

[reliable]

Btc prices are surpassing their own high and new history is getting created with every new day. This time its 3L in INR . What a ride its being with 1btc now pricing at 3Lac where almost you could buy car now with this value.

But so is the price difference between exchanges exists now. If i sell to Zebpay I get 306000 and same with Unocoin its just 295000. Now why will investor suffer a loss of 11k per btc by selling to them? And another thing is that if I want to buy at present situation Unocoin is more costlier than Zebpay.

[mohucool]

I hope it will be 5lakh by next year though ether can give a competition. 

[Somz1]

I hope it will be 5lakh by next year though ether can give a competition. 

It will easily be double the current amount in January

[illusioNiZt]

Bitcoin price went up 150-200 USD again today Zebpay right now>Buy Price:₹343797|Sell Price:₹333483, if the price goes up like this Tim Draper's prediction 10k USD per BTC by 2018 looks possible.

[bitcoinisbest]

Bitcoin price went up 150-200 USD again today Zebpay right now>Buy Price:₹343797|Sell Price:₹333483, if the price goes up like this Tim Draper's prediction 10k USD per BTC by 2018 looks possible.

Price is drastically moving from past 2 days. BTC rate has already shoot to 4850$ and if this swing continues it should reach 5k by tomorrow or day after tomorrow. If we look back form here after 1st Aug in just 1 month it has rise by already 1200 around form last low of 3700$.

Wow that is 1200$ return in 1 month. Hope this rally continues unless if there is some bad news from anywhere which may result in dip in the prices.

[Rhshahindiana]

That was just a boost, it has come back again to 2,80-85 range, I guess the price jacked up coz of Chinese exchanges which got closed and only government regulated can only work so all fiat converted in btc and so lot of buying went on. That could be one reason why the price went up so fast, but now it has come back to the same old range.