Price of Bitcoin in Zimbabwe is 12k?

[mondobitcoin]

Bitcoin soars past $12,000 in Zimbabwe - Its unbelievable!


http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/

I don't know if the notice is real or not, but i think that is it not real
Because if is it real, we can buy bitcoin at lowest price in other place and resell them in Zimbabwe
And become rich quickly

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[deisik]

Bitcoin soars past $12,000 in Zimbabwe - Its unbelievable!


http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/

I don't know if the notice is real or not, but i think that is it not real
Because if is it real, we can buy bitcoin at lowest price in other place and resell them in Zimbabwe
And become rich quickly

Or it may be a sure way to lose your money

What stops you from buying bitcoins, say, at Bitfinex and sending them to Zimbabwe? I guess many people would be happy to find out if you can really make use of this mind-boggling price spread between local exchanges (I don't know how many exchanges are in Zimbabwe) and the rest of the world. Anyway, some people have obviously already tried, and since we don't see prices going to their average value across major exchange (the same Bitfinex), things aren't as easy as they seem to be

[newlone]

Bitcoin soars past $12,000 in Zimbabwe - Its unbelievable!


http://www.tokenschedule.com/news/zimbabwean-bitcoin-price/

This is just an instant boom and not a recognized value here: https://coinmarketcap.com/currencies/bitcoin/

[Opquar]

That's such a ripoff. It's a classic example of why having no competition is ultimately bad for consumers. I hope many other exchanges open in Zimbabwe.

[gabbie2010]

Zimbabwe has been plunged into economy crisis for  many years this is a result of sanctions imposed on them by many advanced countries this had made their local currency to be worthless in order to survive this hardships they citizenry had to resort to bitcoin as foreign exchange which triggers massive buying of bitcoin with just a single exchange who had no competitor than to increase the price of bitcoin to $12,000K.

[wuvdoll]

Perhaps this is the most potential investment market in the world when the value of the currency is much higher than the common ground of the world. It is possible that the supply of the market is lacking and the demand of investors is too great to have led to a state of drastic increase compared to the price of the world.

Yes these can be the reasons for such a great difference between the normal exchange rate and that of the Zimbabwe. Actually the problem is that country itself is losing the importance of national currency and hence due to economic crisis these days, people are switching towards the use of US dollars instead of their own currency. Finding the possible options in terms of bitcoins has led a mass movement towards the use of digital currencies. As a result the number of investors and users has shoot thus causing the price to rise to somewhat dollar 12000 in return of a single bitcoin

[LogitechMouse]

I heard that Zimbabwe is facing an economic crisis at this moment and introducing bitcoin into the people there will increase the popularity of bitcoin. With its price there at 12k, a difference of 5k with the normal price and it will attract more people to jumped with earning bitcoin.

[loaddebitcard]

Nothing surprising to me due to crazy inflation in Zimbabwe in last years

[Hell-raiser]

This is just a hint of how things would happen globally if the shit would really hit the fan. Bitcoin would explode and go to the unexpected heights...

In my view, we don't even need the shit to hit the fan globally. A collapse of a few local currencies would suffice. That's what we already see with Maduro's insane economic policies in Venezuala, but it is certainly not the only country which has serious issues with their fiat money. Cryptocurrencies can help local people save themselves from the outrage and insanity of their govs.

[Enjorlas]

So if i sell my bitcoin in zimbabwe, i can sell for 12k ?

It seems too easy, what's the catch ?

[batang_bitcoin]

So if i sell my bitcoin in zimbabwe, i can sell for 12k ?

It seems too easy, what's the catch ?

I don't think so that they will allow someone offshore to join the rally on their country, it's just a way to attract more people in Zimbabwe to pull out their funds from the bank and invest it to bitcoin.

I heard that Zimbabwe is facing an economic crisis at this moment and introducing bitcoin into the people there will increase the popularity of bitcoin. With its price there at 12k, a difference of 5k with the normal price and it will attract more people to jumped with earning bitcoin.

They really are base on the article that was give by the OP, they have to do it to get more investors and encourage their citizens to buy some more bitcoin and get involved with the economy.

[Ayiranorea]

Zimbabwe is one among the small country that has got good usage of bitcoin as well more acceptance even when the money value of the country has been decreasing continuously. During those days experts too suggested Zimbabwe to adopt bitcoin to overcome the financial crisis.

[Mr.Stinson]

Just to tell you here guys. it is not impossible to sell your bitcoins to Zimbabwe for that high amount of $$$ but in the end you lose all your money because you cannot transfer your money out of Zimbabwe. just be carefull and dont try anything stupid.

[Eraldo Coil]

This news is unbelievable but true. Though Zimbabwe is having economic problems right now, I hope their people use this advantage to lift their economy and lives.