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Author Topic: Differences in btc value?  (Read 1850 times)
Carlsen
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November 17, 2018, 02:45:59 PM
 #121

It is sometimes the case that people have only access to exchanges in their own country.
If people in that area decide to buy more bitcoins (maybe because of some economic crisis), the price in that region increases because most people have no other option than to buy at that high price.
People who can buy wherever they want are not affected because they can choose the lowest price!
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November 29, 2018, 09:22:01 PM
 #122

The price is based on supply and demand. We had this case with India and China too before they close their exchanges. If for example India had a high demand for bitcoin then you will see a 5-10% higher price compared to International price in the other exchanges. It's totally normal, If you could manage to register there and somehow sell your coins then you could actually make this profitable for you.
That’s a good advantage, because as far as I know it's a selling strategy for daily traders to take advantage of high demand for profits in a short time due to high demand in the local country. But now it has been closed, to register for a local trade in a country with high demand is a little more difficult.
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November 30, 2018, 04:40:08 AM
 #123

Why there are significant differences in current BTC value between different exchanges.
Differences like that emerge in any market, if you go to a store you will see some products at a certain price and if you visit another store you will see the same products with slightly different prices, this happens in every country regardless of the market and this happens with cryptocurrencies as well, do not worry too much about it, the differences most of the time are minimal and are not a problem to anyone.
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November 30, 2018, 05:44:53 AM
Last edit: December 02, 2018, 03:45:43 PM by SteveStake
 #124

You can think of each exchange like a miniature economy within the economy so the prices are about the same but slightly vary. Another example would looking at the price of gas with Bitcoin representing gas and gas stations representing exchanges. Based on location gas will cost you more or less as the demand increases or decreases for it.

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November 30, 2018, 06:07:13 AM
 #125

crypto trading occurs on the internet and the culprit is all users throughout the world and it happens at one time, where they have different requests and offers so that prices fluctuate quickly. as long as the market continues to be decentralized, prices will continue to be created by market mechanisms
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November 30, 2018, 06:14:32 AM
 #126

You can think of each exchange like a miniature economy within the economy so the prices are about the same but slightly vary. Another example would looking at the price of gas with Bitcoin representing gas and gas stations representing exchanges. Based on location gas will cost you more or less as the demand increases or decreases for it.
The gas prices changes based on demand but difference in gas price between two fuel station is due to the city and highway limit and also the transportation cost
Bitcoin price change from exchanges are based on the demand and supply changes in each exchanges we can see the all over price changes by using CMC market tab.

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