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Author Topic: Bitcoin Hits $24,000 in Iran  (Read 368 times)
bitfocus
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September 06, 2018, 03:01:58 AM
 #1

According to news.bitcoin.com, Iran legalizes Bitcoin Mining and Bitcoin Hits $24,000 on the Iranian exchange EXIR.

I am linking the news here, let us discuss the impact of this in world Bitcoin market.

https://news.bitcoin.com/bitcoin-hits-24000-in-iran-after-government-okays-mining/

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September 06, 2018, 03:08:15 AM
 #2

LOL. bitcoin.com is caught in currency conversion and is confused about bitcoin price.

bitcoin in Iran is worth the same as it is worth everywhere else, right now it is worth $6448.77 as i am typing this. the thing is Rial has been taking for a while so for instance a couple of weeks ago 1 BTC used to be worth 58,032,000 IRR and now it is worth 87,048,000 IRR. if you take the new value and divide it with the old IRR/USD value you get $24000 as bitcoin price.

with a quick google search bitcoin.com could have found that the IRR/USD exchange rate has not been what they used here, for months now.

by the way, EXIR which they are quoting from is not even Iranian exchange, it is located in Korea and i don't see any license! on top of it the price there is exactly what i just said meaning the same as its USD value, nothing more nothing less.

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September 06, 2018, 03:11:58 AM
 #3

I think you are right, may be Bitcoin.com news section published the news too fast without re-checking the data.

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September 06, 2018, 03:14:35 AM
 #4

Even though Iran participated in legalizing bitcoin, this did not affect the market price of Bitcoin. For example, today Bitcoin has actually decreased in price what happened with your news.

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September 06, 2018, 03:17:19 AM
 #5

yes, Bitcoin dropped like 12% - that is another reason I posted this one.

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September 06, 2018, 03:31:41 AM
 #6

According to news.bitcoin.com, Iran legalizes Bitcoin Mining and Bitcoin Hits $24,000 on the Iranian exchange EXIR.

I am linking the news here, let us discuss the impact of this in world Bitcoin market.

https://news.bitcoin.com/bitcoin-hits-24000-in-iran-after-government-okays-mining/
Concerned what to do, I just care that the BTC drops fast and now only $ 6500, sadly!
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September 08, 2018, 10:19:35 AM
 #7

Iran’s Supreme Cyberspace Council has officially recognized cryptocurrency mining as a legitimate industry, a move that could help the Islamic Republic quell the pending blowback from U.S. sanctions. The news seems to have ignited a flurry of buying interest on domestic exchanges, with the bitcoin price clocking in at a new record high of $24,000.The figure was quoted on multiple digital currency exchanges but most notably Exir, where BTC traded hands at a price of 1,020,000,000 IRR. That quashes the previous high of $20,000 per coin. By comparison, bitcoin traded at around $7,000 on major cryptocurrency exchanges on Wednesday. Ethereum was also significantly inflated, with Exir quoting a price equivalent to around $900. The second-largest cryptocurrency by market capitalization was worth roughly $260 globally. this is  really a  nice one as Iran fully recognizes and also accept bitcoin as legal tender.
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September 09, 2018, 06:19:44 AM
 #8

Bitcoins price is always same around the world. It does not differ from country to country. But it’s good to hear that Iran has legalize the bitcoin mining.  Though it didn’t affect the price but it will increase the amount of user
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September 09, 2018, 06:21:23 AM
 #9

I'm not sure that the price of bitcoin has fallen dramatically and in many countries it must follow, why can the price of bitcoin reach $ 24,000, is there something different from Iran?

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September 09, 2018, 06:32:16 AM
 #10

Even though Iran participated in legalizing bitcoin, this did not affect the market price of Bitcoin. For example, today Bitcoin has actually decreased in price what happened with your news.

That's right mate eventually there's have so many good news for bitcoin last few days, i can't see the result can help for bitcoin to raise the price in the marketplace.

Hope someday this more more bitcoin legalization and bitcoin adoption of every country had good news result a long time waiting bull run.

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September 09, 2018, 06:48:12 AM
 #11

LOL. bitcoin.com is caught in currency conversion and is confused about bitcoin price.

bitcoin in Iran is worth the same as it is worth everywhere else, right now it is worth $6448.77 as i am typing this. the thing is Rial has been taking for a while so for instance a couple of weeks ago 1 BTC used to be worth 58,032,000 IRR and now it is worth 87,048,000 IRR. if you take the new value and divide it with the old IRR/USD value you get $24000 as bitcoin price.

with a quick google search bitcoin.com could have found that the IRR/USD exchange rate has not been what they used here, for months now.

by the way, EXIR which they are quoting from is not even Iranian exchange, it is located in Korea and i don't see any license! on top of it the price there is exactly what i just said meaning the same as its USD value, nothing more nothing less.
Yah, if it is a real $24000 for 1 bitcoin price then all of these people will dump bitcoin by moving their bitcoin to the exchange. :\

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September 09, 2018, 07:01:59 AM
 #12

Iranian authorities have started concentrating on cryptocurrency, as sanctions imposed by United stated have started to affect their economy. The demand of bitcoin is increasing there sharply. Cryptocurrency offers a good opportunity for them.

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September 09, 2018, 07:09:45 AM
 #13

According to news.bitcoin.com, Iran legalizes Bitcoin Mining and Bitcoin Hits $24,000 on the Iranian exchange EXIR.

I am linking the news here, let us discuss the impact of this in world Bitcoin market.

https://news.bitcoin.com/bitcoin-hits-24000-in-iran-after-government-okays-mining/
Mate don't get deserve by any body, say it has high price or what ever bitcoin price remain the same in any exchange wealthier Iran or China because if the price got high in Iran exchange just stated it will automatically reflected in coin marketcap

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September 09, 2018, 07:25:18 AM
 #14

There is definitely a confusion here. The value of the bitcoin can not reach the price of $ 24,000 at this time. In both Iran and other countries around the world, the price of bitcoin is $ 6233 at the moment.
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September 09, 2018, 08:32:50 AM
 #15

I think this is just a scam of the bad guys. Bitcoin costs just $ 8000. It makes investors surprise. The bitcoin market will be turned upside down in iran.

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September 09, 2018, 12:42:32 PM
 #16

Do not be misled by the number as the real value of bitcoin is same all over the world .Actually there is an investment technique to present the news. You will be able to find the real value if you use some financial tool here. Take the help from the analysts to get the real value.
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September 09, 2018, 10:36:56 PM
 #17

I don’t think its affect the market price of Bit coin. Bitcoin.com news published it too quick without checking the data. Stay calm.
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September 10, 2018, 12:16:07 AM
 #18

This figure is misinterpreted probably, but Bitcoin has probably already hit several million dollars each on places like Ebay where morons paid $10 for a paper wallet with 0.00000001 BTC in it. Unless it's a market of viable volume accessible to the majority of the world it's not a valid price.

In South Korea it was nudging $25,000 but since no one else can get money there it means nothing to anyone who isn't there.

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September 10, 2018, 12:31:34 AM
 #19

Mate don't get deserve by any body, say it has high price or what ever bitcoin price remain the same in any exchange wealthier Iran or China because if the price got high in Iran exchange just stated it will automatically reflected in coin marketcap
The price of Bitcoin from Iran didn't appear on coinmarketcap because they don't list every single exchange in their site.

There is definitely a confusion here. The value of the bitcoin can not reach the price of $ 24,000 at this time. In both Iran and other countries around the world, the price of bitcoin is $ 6233 at the moment.
It can reach $20k or even higher as prices from each exchange are different due to the limited amount of sell and buy orders. Last year when prices were at $6000 - $8000 there was an article about Bitcoin prices being expensive in India and Zimbabwe hitting above $10000.


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September 10, 2018, 01:32:23 AM
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@bitfocus. I am so very impressed in Tom Lee's trading analytic mind and his technical abilities in predicting bitcoin's price. Someone should inform him in social media about this and let him tell everyone I told you so hehehe.

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