BITCOIN towards 24000 USD!!!

[malekbaba]

Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

[kzozenberg]

This is certainly positive news but I do not think it will affect the growth of bitcoin as a whole ! But the news is really very positive )

[kolsernik]

Yes, in the crypto world do not get bored))Every day is good then bad news.Your news is neither good nor bad. It's not clear how the market behaves and the price is not the fact that there will be  24000$

[isidad]

This looks very good for the community, I sincerely hope this will have a positive effect on the global platform.

[Himanshu111]

Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

I'm not that shocked from the news but that 24k price is insanely high, I've seen 30-50% price of bitcoin on Indian exchanges in past.
Like Zebpay, for example, yesterday the price was around 8.6k USD/BTC.

Yes definitely it will reach at that level but not so early because Bitcoin is very down from a long time now and it is not able to recover with its original speed.The demand of Bitcoin is falling and so does the price but people are still holding their Bitcoins for future prices rise as they have faith in it.Bitcoin had reached almost $20000 in 2017 and so it was called the bitcoin year.People are expecting the same in future and I guess it has the capability to do it.

[delphic]

That's just great news!We look forward to a long green schedule.Many Arab countries want to join bitcoin.America everyone is already annoyed enough,maybe finally this will be at least some use)))well done to the Iranians!Support) oil-Producing country can seriously improve the situation on the market.Wait.I hope that all this will happen in the very near future)))

[ivannalog814]

The price is very much increased but it is only because the Iranian exchanges and not around the world. But I think mining will help Iran to get out of a difficult situation.

[Cripinggedang]

in my opinion it could be because whatever your prediction might happen. no one knows the value of bitcoin in the future

[usekevin]

Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

The price of bitcoin is fluctuates to positive movement.So their is possibility of bitcoin price increase to 24k$.If you have huge amount of bitcoin in your wallet,hold it till the maximum raise in bitcoin price.Hold your bitcoin till the end of this year,you will get huge amount of profit as compared to now.With this buy bitcoin at every dump to get huge profits from it.Don't do panic selling,it will force you to lose some bitcoin at low price.

[ribowo76]

I believe bitcoin will arrive at that price, but maybe not as fast as we expected. Because, there are too many negative issues surrounding bitcoin this year

[taeewo]

Thats a good news we all believe should make the price of Bitcoin increase but it wont happen because no one understands where the market is heading again unlike before when the good news make real effect on the price of Bitcoin.

[9jaflick]

Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

$24000 in some Iranian exchanges, do you have a link to this news or names of any these exchanges ? Because this is crazy, $24000 again $7000! No foolish man will ever do this.

[Anarchist]

Re: BITCOIN towards 24000 USD!!!

, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

Good days for Iran citizens, not all the others

[[ProTrader]]

Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

I wonder if they sustain the price until now because outside their market it is still below $7,000. You are lucky if you are Iranian and have an access both local platform and International platform like Binance and Bittrex.

[markj113]

You think countries like Iran supporting crypto to circumvent sanctions is a good thing?

What if the countries like the US + EU decide to close the loophole and come down on crypto hard?

"EU Officials Set for Fresh Talks on Regulating Cryptocurrencies"
https://bitcoinist.com/cryptocurrency-regulations-eu-talks/

[Pursuer]

as a rule of thumb whenever you read a news like this you should always check it on your own. for instance they are reporting bitcoin price at $24000 in Iranian exchange. I ask where are these exchanges, why haven't we ever heard of them before? where is the price report? I read the article on bitcoin.com, it seems to be pure nonsense and the site they are introducing is nothing but a shady one that is not used. in fact 99% of the traders in Iran are happening either p2p and off the market or on legit exchanges.

[KonstantinosM]

Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.

Where is your source? Link?


There is no way that bitcoin could trade at 24,000 in one country and 6-7 thousand globally.  At these price points arbitrage would become inevitable. Every loophole would be exploited until it went down to reasonable levels.

[1Referee]

There is no way that bitcoin could trade at 24,000 in one country and 6-7 thousand globally.  At these price points arbitrage would become inevitable. Every loophole would be exploited until it went down to reasonable levels.

Then you don't know how supply and demand works.

The number of available coins in Iran is so madly low, that people are pretty much forced to pay any amount if they want to buy themselves into Bitcoin. Admittedly, the difference in price is high, but I'm not really shocked about it either. Desperation forces you to do things you otherwise wouldn't do, especially when you take into consideration that the Iranian currency has significantly dropped in value this year.

It's near impossible for people here to exploit the difference in price, but no doubt that Iranian market makers will do everything to exploit the difference in price.

[LFC_Bitcoin]

There is no way that bitcoin could trade at 24,000 in one country and 6-7 thousand globally.  At these price points arbitrage would become inevitable. Every loophole would be exploited until it went down to reasonable levels.

Then you don't know how supply and demand works.

The number of available coins in Iran is so madly low, that people are pretty much forced to pay any amount if they want to buy themselves into Bitcoin. Admittedly, the difference in price is high, but I'm not really shocked about it either. Desperation forces you to do things you otherwise wouldn't do, especially when you take into consideration that the Iranian currency has significantly dropped in value this year.

It's near impossible for people here to exploit the difference in price, but no doubt that Iranian market makers will do everything to exploit the difference in price.

Makes you wonder how though, right? Is it safe in Iran for Westener’s? Makes you think about contacting people online & just going over there with paper wallets doesn’t it

I don’t like the idea of having my head cut off with a knife on some sketchy live recording by terrorists though tbh.

[jseverson]

as a rule of thumb whenever you read a news like this you should always check it on your own. for instance they are reporting bitcoin price at $24000 in Iranian exchange. I ask where are these exchanges, why haven't we ever heard of them before? where is the price report? I read the article on bitcoin.com, it seems to be pure nonsense and the site they are introducing is nothing but a shady one that is not used. in fact 99% of the traders in Iran are happening either p2p and off the market or on legit exchanges.

It's from a discrepancy between official USD exchange rates and unofficial exchange rates. Like Venezuela, Iran is basically saying their money is worth more than in actually is. The black market rates represent the "real" value of their money, which is why their Bitcoin price seems so inflated. If you check the Localbitcoin rates against the unofficial market USD rates, it's going to amount to ~$6k, which should be around normal price.

The mining announcement is great, because the more distributed and decentralized mining is, the stronger the network is. It's not going to have any immediate wide-reaching impact though, especially with regards to triggering a bull run. Good news for those who support the technology, meh for speculators.