Bitcoin hits $13,000 on Zimbabwe exchange

[Wardtr]

Is is real that Bitcoin hits $13,000 on Zimbabwe exchange ?

[1714937687]

1714937687

[Mr.Stinson]

no it is not. Right now we hit the 14k$ 

[Icaxx]

Is is real that Bitcoin hits $13,000 on Zimbabwe exchange ?

I dont think that is real news since to high gap or range.
If you have the link of source and you share here then it can verify your thread.

[Mr.Stinson]

https://golix.com/markets/btcusd

just look it up here. no fake news. high demand makes high prices. and again the rich ones win...

[jkoin]

Is is real that Bitcoin hits $13,000 on Zimbabwe exchange ?

I'm very interested in what exchanges or exchangers in Zimbabwe you can change your bitcoins. I do not think that there are enough large turnover to freely conduct full-fledged transactions.

[EXtremeAEX]

Wow, I guess this is partly driven due to their extreme inflation there, and this is where blockchain technology could really help lives out there. *winks to devs* While people there are trying out BTC, I bet people will start taking advantage of their market their to earn high profits or even cheat their money, but probably not.

Good to see Bitcoin expanding into other countries.

[Red-Apple]

a couple of countries in the world have this kind of high price, there is nothing fake about it. it is all about the high demand for bitcoin and the fact that these countries (at least those that i have seen) are somehow disconnected from the worlds' banking system which means there is no way someone outside of these countries can "easily" transfer money in and someone from inside to transfer money out.

so with no arbitrage opportunity, small market, smaller supply of bitcoin and a huge demand the price goes up to crazy prices.
currently bitcoin is $9100 in India according to Zebpay (an Indian exchange) and it is $15,000 in Zimbabwe according to this article

[SyGambler]

yeah I have seen this many times and wondered why the price in Zimbabwe is way higher  
I mean yeah there is high demand , but can't they figure out a way to get btc from traders in other countries ?? like having balance in ewallets like perfectmoney for example and doing trades here in the forums ??

is there something am I missing here ??

[bob123]

The point with zimbabwe is that you won't be able to get your Zimbambwe dollar out of the country.
Due to the high inflation and the big supply of this worthless zimbabwe dollar people their are exchanging their money for BTC.
With BTC they are able to buy things AND to exchange their money later on for any currency. But if they keep their ZWD, they only will bebe able
to buy stuff in zimbabwe.. but they can't exchange their money for anything else. Meaning if someone thinks he can make money with them,
selling them BTC and trying to exchange ZWD afterwards for USD.. this won't work.. you basically won't get your money out of there.

[Opquar]

These exchanges are disgusting, taking complete advantage of struggling citizens. Then again, nothing is stopping the same citizens from also selling higher, as long as the buyer is also in Zimbabwe. I guess all is fair.

[Back in USSR]

Is is real that Bitcoin hits $13,000 on Zimbabwe exchange ?

I deduced USD using golix-withdraw.com. People are divided into two types: Some say that this is HYIP, others drop their BTC and then remain silent. The price of BTC in Zimbabwe, I think, will be an order of magnitude higher than the market price due to hyperinflation.

[asdlolciterquit]

how can i sell my btc on that exchange? it think is really hard, otherwise a lot of people will sell there their btc and buy more btc here...

[Singwala]

wow? Is this true? If that is true why is the current price gap far here in the US? Just wondering but I will research if this is true. Because if it's true, it's likely that next countries will definitely increase prices too. So let's get hold of bitcoins while the price is so much we can buy. Because when it's gone there we repent

[Jestb]

Is is real that Bitcoin hits $13,000 on Zimbabwe exchange ?

I deduced USD using golix-withdraw.com. People are divided into two types: Some say that this is HYIP, others drop their BTC and then remain silent. The price of BTC in Zimbabwe, I think, will be an order of magnitude higher than the market price due to hyperinflation.

Thank you very much! 

[pootutus]

I heard in October that inflation in Zimbabwe had frightened people in their country, and people were frantically looking for things that could protect their own property. It's not surprising that prices are in Zimbabwe, and their markets are closed.

[stompix]

https://golix.com/markets/btcusd

just look it up here. no fake news. high demand makes high prices. and again the rich ones win...

High demand?
Check the charts once more. The walls are only 2BTC high.

wow? Is this true? If that is true why is the current price gap far here in the US? Just wondering but I will research if this is true. Because if it's true, it's likely that next countries will definitely increase prices too. So let's get hold of bitcoins while the price is so much we can buy. Because when it's gone there we repent

The whole thing is because of a closed enviroment.
Nobody is sending coins or fiat to that exchange as it is a bit shady and lacks volume.
Just because it has some newspapers write about it doesn't make it safe.

30 Day Volume:  172.2459 BTC
24 Hour Volume:  2.8588 BTC
High:  13997.98
Low:  13000.01
Change:  -1.87%

Who would want to trade here?

how can i sell my btc on that exchange? it think is really hard, otherwise a lot of people will sell there their btc and buy more btc here...

Are you sure you want to risk your money by using a Zimbabwe bank in the middle of a coup d'etat?

[ajmapalo22]

I thought bitcoin is having a certain conversion amount into dollar which every countries in the world follow or use as a benchmark of pricing bitcoin I didn't know there such a place where bitcoin is valued differently. I think this is quite confusing for the others and right if this is real surely many want to transact bitcoin with this country to have lots of profit. Is this real??

[tora]

A bit early but there may be changes regarding exchanging Zimbabwean$ for US$ now that there is a new leader. Heard the Zimbabwean$ rose against US$ and Euro today.

[passwordnow]

These exchanges are disgusting, taking complete advantage of struggling citizens. Then again, nothing is stopping the same citizens from also selling higher, as long as the buyer is also in Zimbabwe. I guess all is fair.

They are not taking advantage of their citizens, if you know what's happening on Zimbabwe they have to do it to attract more investors to get in to bitcoin and besides there's an uproaring war there so everything's started to make their own move to make their economy stable. It's not available for people outside Zimbab so if you someone thinks that they can go at Zimbabwe and just sell their bitcoins, think again.

[chiggz]

These exchanges are disgusting, taking complete advantage of struggling citizens. Then again, nothing is stopping the same citizens from also selling higher, as long as the buyer is also in Zimbabwe. I guess all is fair.

They are not taking advantage of their citizens, if you know what's happening on Zimbabwe they have to do it to attract more investors to get in to bitcoin and besides there's an uproaring war there so everything's started to make their own move to make their economy stable. It's not available for people outside Zimbab so if you someone thinks that they can go at Zimbabwe and just sell their bitcoins, think again.

The same goes India. Here the current price of BTC as of now is INR 588000 which comes up to $9100. But the selling price is also almost close to buying price. Most of the trading is done within the country because of the the inability to effectively move INR. If not anyone could make shit loads of money by arbitrage. The free market of bitcoin is essentially putting a markup on BTC purchased with INR because the market itself is saying INR has less value than the official exchange rates, likely because of portability of INR itself and the restrictive regulations the Indian government uses to control INR.