Price of Bitcoin in Zimbabwe is 12k?

[Krissmak]

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


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

[Vaskiy]

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


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

I don't know whether this news is true or not. It has got largest chance to have such a price difference, because in the past similar thing happened in India when the fiat that's under usage got demonetized. But during those days such an increased difference wasn't felt.

[VitKoyn]

This news is true and this have been featured in news and articles a lot of times a month ago. If I'm not mistaken Zimbabwe only have one Bitcoin exchange called Golix and the reason why Bitcoin price is skyrocketing in Zimbabwe is because they are currently dealing with an economic crisis while the number of demand of Bitcoin inside their country keeps increasing driving the local exchange rates far above the global average but the trading volume is low. Now they have the most expensive Bitcoin in the world.

[Koadharber]

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


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

Woah! 12k? thats unbelievable that its being sold their almost 30% more on the current price of bitcoin on most exchanges. Im wondering if it would be good on doing arbitrage trading? It would really bring good profits.
Bitcoin is already gaining popularity as the years passed by and for sure on upcoming years to come there would be already lots of countries would consider bitcoin.

[coin royal]

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


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

wow that sounds really awesome that bitcoin is now liking by people in Zimbabwe because it means that bitcoin become more popular that it is now is the whole world and spread out all over the world this is really amazing and i know that the price of bitcoin is increases also in that country.

[fanbeila]

Yes,bitcoin price in zimbabwe Golix exchange is $12,400.Zimbabwe is facing a serious economic crisis and its currency lost its value.So,the government replaced its currency with US dollars.Still due to lack of US dollars in the country,people are switching to bitcoins.

It is said that even the government itself could very soon accept bitcoin as legal tender.Now,zimbabwe exchange has the most expensive bitcoin in the world.

[Wilfrer]

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.

[sabine80]

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


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

wow, thats really expansive...

[aizen10]

This news is true and this have been featured in news and articles a lot of times a month ago. If I'm not mistaken Zimbabwe only have one Bitcoin exchange called Golix and the reason why Bitcoin price is skyrocketing in Zimbabwe is because they are currently dealing with an economic crisis while the number of demand of Bitcoin inside their country keeps increasing driving the local exchange rates far above the global average but the trading volume is low. Now they have the most expensive Bitcoin in the world.

the reasons of that high price of bitcoin on that country is the volume, the demand of bitcoin is so high and the volume of bitcoin on that country is very limited to be use/spend inside their country, and their only one exchanges which is Golix decided to increase the price of bitcoin on their own exchange, how wise decision, they are already facing economic crisis but that exchange decided to increase the price of bitcoin, how is that happen? 

[coin5haker]

Yet I'm complaining that local sellers on localbitcoin charge 200+ usd above market price  Luckily I don't have to buy it in Zimbabwe!

[BrewMaster]

this is going to become a common thing in certain countries in the near future. mostly countries which have some issues with using foreign exchanges, like the popular ones: GDAX, bitfinex,...
in the said countries the demand for bitcoin is increasing a lot more than their local markets can mange so the price shoots up and since people want bitcoin they are forced to pay higher and higher prices. the arbitrage won't work since as i said above they have issues with using foreign exchanges so the price won't come down that easily either.
we have seen this before (which is still going on) in India. and now Zimbabwe and a couple of other countries but in a much smaller scale.

[preditor422]

Yes indeed a great news and surely will have some positive impact on pricing in different countries too and on the popularity of bitcoin.

[Chanock]

Wow! Zimbabwe record the highest price of bitcoin into 12,000 USD. This is happen because of the economic growth problem encountered of Zimbabwe. In that, resulting bitcoin in emerging and seeing them as solution to their encountered problem in economic growth that why bitcoin experienced immense to 12,000 USD. But the deli-ma in this scenario happen, Zimbabwe government  is known for strictly and often bizarre policies that resulting to possible banning of bitcoin altogether will be unsurprising base on the note of Gambanga of Zimbabwe government.

[Geemy]

the economic in zimbabwe have a many problems so this price happen .

[jekanmasin]

This will be a good change to arbitrage trade on there.. it just hard to believe this truly happen as there was a lot of exchanges outhere can be use for the trade.

[Dudeperfect]

I don't see any surprising news in this one because considering the vacuum and demand of any strong currency, I think even a little supply of Bitcoin could be extremely valuable as compared to that of other countries. There is inflation crisis going on within the country that is disturbing for the economy as a whole. We can compare this issue with the temporary situation that took place in India 1 year ago during and after demonetisation.

[Kakmakr]

This is the perfect example of politicians destroying an economy/local currency with poor political decisions. Robert Mugabe is the oldest current serving state leader by age 93 years. The guy is sick and should not have been in power for this long, but he is clearly power drunk.

Some of the things he said is this : " The only white man you can trust is a dead white man. " and " Our party must continue to strike fear in the heart of the white man, our real enemy! " -- Is this the mind of a crazy man?

His legacy will be the destruction of his country and his people, while his wife shop in Paris and his kids live in luxury in other countries.

[deadsilent]

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


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

I don't know whether this news is true or not. It has got largest chance to have such a price difference, because in the past similar thing happened in India when the fiat that's under usage got demonetized. But during those days such an increased difference wasn't felt.

This can be true because the recent news Zimbabwe reach nearly $10000 https://www.thefuturescentre.org/signals-of-change/201507/bitcoin-replacing-cash-zimbabwe-due-lack-cash-country . Due to Zimbabwe lack of cash. Citizens there force to switch to Bitcoin to pay their bills. And that cause massive adoption of Bitcoin there. That's why the price of Bitcoin there was skyrocketed nearly almost $10,000 a piece. Higher than normal price. 2009 when they start to adopt USD as their fiat currency. But they are now lack of it. That is why Bitcoin in Zimbabwe is now replacing cash there. The country is facing a crisis and they think only bitcoin can solve the problem.

[big_bounty]

This will be a good change to arbitrage trade on there.. it just hard to believe this truly happen as there was a lot of exchanges outhere can be use for the trade.

Has anyone tried arbitration? You can get a very big profit. You probably need to be a citizen of this country to trade on the exchange

[Prodigan786]

It’s way long difference it’s about 5k difference in actual price but my country exchanges still not reached 7k I think this huge demand will exist till segwit2x or b2x fork then price will drop .