Bitcoin in Iran touch 26.000 USD

[Cryptogid]

I read a few articles yesterday about the price of Bitcoin that touched the price of USD 24,000 in Iran, see the following article:

https://cryptoslate.com/local-bitcoin-price-hits-record-high-of-24000-in-iran/

even up to 26000 usd

https://thenextweb.com/hardfork/2018/09/06/bitcoin-price-surge-iran/

you can see all the market price here in irani local exchange

https://localbitcoins.com/country/IR

the questions are:
why is the price of Bitcoin in Iran is more expensive than global prices?
Is it really possible for a country to determine the selling price of Bitcoin?

..its not possible,i really think its as a result of misrepresented datas, in the exchanges.or something went wrong..

[Jannn]

Beautiful arbing opportunity, but getting money across Iranian borders is not easy or so I hear. I have an Iranian friend who told me that there  is string rules about how money is moved in and out of the country, making it very difficult to work with.

[mfyilmaz]

The thing is the real exchange price of something is determined by the market and in a world where you can buy nearly anything with usd and almost nothing with iranian money its clear, that the USA can controll the exchange rate of their currency and so they can feign a demand thats actually not there and because every trade in the real world is based on us dollar the supply can almost never exceed the demand... and thats the whole trick so they can print more and more dollars as they go..

[shield132]

Did they found water in bitcoin? If yes, then we can expect high prices in saudy arabia too, be ready for next turn. At the moment I can't say anything on news but want to remind one thing: everyone may remember when cointelegraph caused fall in btc's price. This happened because korean exchangers had different price than rest of world (higher or lower - can't remembet).

[Al-e_x]

I doubt that information, I think that a new country that legalizes bitcoin has no such potential.

Even Venezuela, until today Venezuela is still adapting to the crypto world, to create an effective crypto market is not easy.

[FactAlways]

Wait I don't understand, does this mean bitcoin has different market prices for different countries, because the price here is just 6320 USD

[Ucy]

The whole thing is surprising to me too. It happened in Zimbabwe prior to their coup.
I thought if Bitcoin was decentralized the price should be flat everywhere.
Maybe such valuation depends on the stability of the local currencies and in relation to the dollar availability.

[mangsitin]

That really surprised me, in my country alone Bitcoin is only around $ 6411 now, following the market prices in the world. I am very confident that for the future the price of Bitcoin in all parts of the world will reach the best price as in the present Iranian country. I wish if it was fantastic for prices in Iran today. I praise that

[poletando]

I think its not true, we can check the price of bitcoin globally in the coinmarketcap.com in that website we can see the price different between the one market with other market, for 25000 USD? I think its impossible.

[room237]

Can Bitcoin even really have massively different prices in different parts of the work.  Doesn't make sense.  I see that this was a false news story but I don't believe the prices will diverge by country much in the future.  If you have internet you should have access to fairly prices Bitcoin.

[raidarksword]

Why price of bitcoin reaches like that in Iran wherein that country not really known for crypto currency adaptation. Maybe a misleading article or just try to hype the price of bitcoin to increase investors, i guess. But whether if it's true, then it would be a good news for us holders, believers and investors.

[Flor1982]

This is unreliable souce and no one will believe this, just imagine that it is impossible for this nation to have a lot of dollar reserves so that they could cater many Bitcoin to fiat conversion in the future. So better do a deep research first before you believe to this non sense.

[Nightingale2]

I have question. Isn't the cost of bitcoin same as all over the world? Since when iran has distinctive sort of bitcoin. This article making individuals more confounding. It's like result of erroneous conclusion.

[Brutea]

I have address. Isn't the taken a toll of bitcoin same as all over the world? Since when iran has unmistakable sort of bitcoin. This article making people more bewildering. It's like result of incorrect conclusion.

[digitalcryptocoin]

Wait I don't understand, does this mean bitcoin has different market prices for different countries, because the price here is just 6320 USD

Off course. Why not ?

Bitcoin is decentralized digital token, which can be evaluated in fiat currency globally. And as this is decentralized, no one control its price fluctuation. Buyer and seller within circumstances can make P2P transaction considering Bitcoin is commodity. And according to law of demand and supply price be fluctuated on market conditions and interest of buyer and seller solely.

[IslandLady]

This is a good news for those investor who hold this coin. But I don’t know how it is possible in Iran. I think its happen because of exchange rate.