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Roboabhishek (OP)
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November 27, 2017, 09:04:11 PM |
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What do you think of the title? Today I checked the BTC price in local exchange website and I found this! is this-this the right time to sell BTC or buy btc.
Let us know your thoughts on this.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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monika27
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November 27, 2017, 09:10:39 PM |
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How it can be a different price on cryptocurrency? I thought there is an only exchange with pricing  |
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kahc
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Activity: 350
Merit: 13
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November 27, 2017, 09:16:08 PM |
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How it can be a different price on cryptocurrency? I thought there is an only exchange with pricing  |
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Mi5h0
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November 27, 2017, 09:19:15 PM |
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What do you think of the title? Today I checked the BTC price in local exchange website and I found this! is this-this the right time to sell BTC or buy btc.
Let us know your thoughts on this.
Nothing strange with this. There are a lot of small (local) exchanges with very low volume where the price can differ by ten or more percent from the average price. Sometimes, you can see a significantly lower price at such exchanges. Especially when the price goes in the sharp rise. That's good for cross-market trading. |
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squatz1
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Flying Hellfish is a Commie
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November 27, 2017, 09:21:52 PM |
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How it can be a different price on cryptocurrency? I thought there is an only exchange with pricing Well of course there's going to be different pricing in different countries, though this is only going to be because of the fact that premiums are present in different markets. And while I don't know where OP is getting the data, I do know that this is something that is prevalent across other currencies as well. It really depends on the exchanges that are in your area -- and if they are the ones that are in India they must be raking in the profits right now. |
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audaciousbeing
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November 27, 2017, 09:41:26 PM |
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What do you think of the title? Today I checked the BTC price in local exchange website and I found this! is this-this the right time to sell BTC or buy btc.
Let us know your thoughts on this.
Everybody with different perspective of how things should go. Your own right time to sell, is another person right time to buy and the cycle goes on and on like that. At this point of btc life, I don't think anyone should either be carjoled to either buy or someone be begged not to sell because for you opening a trade, someone else is ready to mop it up without thinking twice. So, just ask yourself if you are ready for what happen next the moment the btc leaves your wallet because the most painful is to see something left your wallet at say $4500 and in about 48hrs that same $4500 has changed to say $4800 without any stress other than exercising patience. |
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Emerge
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November 27, 2017, 09:43:53 PM |
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Very good. Is listed only on two exchanges in India.
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streetlight
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November 27, 2017, 09:44:56 PM |
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Of course Bitcoin has reached 11k in India. Imagine how much it must be in 3rd world countries where their USD is not that strong. I bet you people will be selling it for a lot more than that. Just look at localbitcoins street prices for example. I bet there are massive premiums on that. Good for the sellers but not so good for the buyers. This is the market right now, it's whatever people are willing to pay.
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joinfree
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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
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November 27, 2017, 09:50:13 PM |
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The price of bitcoin is different in those countries because there is much more demand in there than in other countries.
The opposite is happening on Venezuela, there are more sellers than buyers, and this is the reason of why all those people from there are desesperated about dumping their coins at least at 10 percent less than the coinmarketcap price.
I dont know why the price really changes between all those countries, i think that it is only based on the supply and demain of it, but obviously that the sellers/buyers are always taking their own profit from that, and they are taking advantage of the situation of their country.
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Crypto Enthusiast supporting innovative ideas for the Liberalization of the world from the Centralized Institutions.
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bitart
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November 27, 2017, 10:00:33 PM |
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What do you think of the title? Today I checked the BTC price in local exchange website and I found this! is this-this the right time to sell BTC or buy btc.
Let us know your thoughts on this.
Nothing strange with this. There are a lot of small (local) exchanges with very low volume where the price can differ by ten or more percent from the average price. Sometimes, you can see a significantly lower price at such exchanges. Especially when the price goes in the sharp rise. That's good for cross-market trading. Cross market trading can be interesting in case the mempool is full and you have to use high transaction fees to quickly move coins from one exchange to another. There should be a really high difference between two exchanges to do this in the profitable way. This is a kind of trading method that could be automatized as well. Also if you don't stick only to bitcoin, it could be done with some alts (much shorter transfer times but in this case the alt's price volatility is another risk in the equation). |
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Kelvinid
Sr. Member
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Activity: 2800
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when lambo...
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November 27, 2017, 10:18:32 PM |
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The price of bitcoin is different in those countries because there is much more demand in there than in other countries.
The opposite is happening on Venezuela, there are more sellers than buyers, and this is the reason of why all those people from there are desesperated about dumping their coins at least at 10 percent less than the coinmarketcap price.
I dont know why the price really changes between all those countries, i think that it is only based on the supply and demain of it, but obviously that the sellers/buyers are always taking their own profit from that, and they are taking advantage of the situation of their country.
That's my idea too.Bitcoin price may varies from one country to another depending on the support of it from the users and investors.If all those people recognized the value of bitcoin nowadays and are using it in different transactions,then for sure its supply and demand will rise up as much as its market value increases too. |
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audaciousbeing
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November 28, 2017, 04:01:35 AM |
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The price of bitcoin is different in those countries because there is much more demand in there than in other countries.
The opposite is happening on Venezuela, there are more sellers than buyers, and this is the reason of why all those people from there are desesperated about dumping their coins at least at 10 percent less than the coinmarketcap price.
I dont know why the price really changes between all those countries, i think that it is only based on the supply and demain of it, but obviously that the sellers/buyers are always taking their own profit from that, and they are taking advantage of the situation of their country.
Several factors might be responsible across countries. Its largely going to be due to the ongoing news about the uncertainty of the future of bitcoin in certain countries and because Venezuela is not controlling a large portion in the market structure, it seems its an isolated case. For the Indians pushing the price, I think its largely due to their population which is good but also might signal some effect from the authorities to take some actions because since bitcoin is not regulated the amount of money in other to make such news might distort the social order in some ways which government might not take lightly. |
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pat4cryptoreal
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November 28, 2017, 01:12:30 PM |
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The price of bitcoin does not differ from country to country. It's only depends on the exchanger and the charges that is why it's looking as if the price is different or higher in India.
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Roboabhishek (OP)
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November 28, 2017, 02:10:31 PM |
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Very good. Is listed only on two exchanges in India.
Yes, also I think there are only 2 exchanges in india which are Unocoin & Zebpay however the price of bitcoin differ on both the websites. |
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Allan Ramanda
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November 28, 2017, 02:40:05 PM |
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if bitcoin has reached $ 11k, you should sell it, because at this time bitcoin price is more stable than before. if you buy bitcoin right now, according to my prediction, bitcoin has now reached its peak price, so I doubt if bitcoin price can be more expensive than current price.
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Follower007
Newbie
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November 28, 2017, 02:42:41 PM |
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look at the rates in african countries  |
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olenka.1988
Jr. Member
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November 28, 2017, 02:44:25 PM |
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Hi! I think it's not the limit! My prediction: next year will cost about$ 15,000! and the maximum price for the time will reach to 25000$! so now is the time to buy!)
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deloreswest
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Open and Transparent Science Powered By Blockchain
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November 28, 2017, 02:46:11 PM |
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How it can be a different price on cryptocurrency? I thought there is an only exchange with pricing there is many exchange and there is local and national exchange espesially local for asean who didnt use dollar. so there is plenty of exchange |
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kotajikikox
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Merit: 207
★Bitvest.io★ Play Plinko or Invest!
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November 28, 2017, 02:48:45 PM |
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What do you think of the title? Today I checked the BTC price in local exchange website and I found this! is this-this the right time to sell BTC or buy btc.
Let us know your thoughts on this.
oh what happen are sure this true bitcoin in india reached 11k usd I think this fake news because bitcoin is centralized cryptocurrency same price worldwide the bitcoin price, my basis bitcoin price based into the US dollar which same rate in the world market. |
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A Feeder
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November 28, 2017, 02:51:00 PM |
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Its the right time to sell btc if you have atleast 5 btc. I dont prefer to buy bitcoin right now because it would be pointless.
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