Bitcoin is not being sold for $24,000 in Iran

[BitcoinsGreat]

Upon checking the data again from localbitcoins, i find that the in ads from Iran, the location is written as turkey ? So it basically turkey buying/selling the bitcoins at 24000$ and not the Iranians on localbitcoins ?

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[Leviathan.007]

I think I can give you much more useful info.
A few weeks ago someone from government said we are going to implant a new bard crypto unit worth much more than BTC.
and people can start investing on it
Unfortunately many people started to invest there while still there is actually no new coin. they just say they are doing it...
no the answer is a big NO. BTC never sold at this price there

[Twentyonepaylots]

I think I can give you much more useful info.
A few weeks ago someone from government said we are going to implant a new bard crypto unit worth much more than BTC.
and people can start investing on it
Unfortunately many people started to invest there while still there is actually no new coin. they just say they are doing it...
no the answer is a big NO. BTC never sold at this price there

So this means that people are mistakingly referring to this coin that is not even made yet for bitcoin. Makes sense. i mean, it's kind of farfetched for bitcoin to have different values at each country since it is decentralised yet still a currency. What I paid for 1 BTC should be what you pay for in equivalence to your currency, if my memory serves me correct.

[Twinkledoe]

Upon checking the data again from localbitcoins, i find that the in ads from Iran, the location is written as turkey ? So it basically turkey buying/selling the bitcoins at 24000$ and not the Iranians on localbitcoins ?

Neighbouring countries are taking advantage of the situation. However, since it seems there will be no war happening, which is actually great, those who are selling at that rate are now sad as their very profitable business can't continue. Indeed, there are individuals that will take advantage of you no matter what the situation is, as long as they can see their window of opportunity. And they will just said, it is just business!

[pakhitheboss]

Upon checking the data again from localbitcoins, i find that the in ads from Iran, the location is written as turkey ? So it basically turkey buying/selling the bitcoins at 24000$ and not the Iranians on localbitcoins ?

Turkey is neighbour of Iran, due to a lot of restriction imposed by US, purchase using dollar are banned. Therefore the best place will be turkey for dollar transactions.

[CarnagexD]

Yeaah it was a fake news and I've read already yesterday. Maybe if there is someone who life in Iran here can make an explaination/clarification that this thing is happen or not. Indeed, the price of bitcoin will be different in some exchange and this has been using by some investors to get profit with arbitration strategy.

Moreover, I had read in some news that the government of Iran have no good relation with the user of cryptocurrency especially bitcoin. A few years ago bitcoin is something harmful to be use in that country and I'm sure there will be few people who use and even know bitcoin.

I got acquainted with many sources and they are extremely controversial about whether the demand for bitcoin in Iran rose when the tension between the US and Iran increased. It would be nice if Iranians spoke on this subject. Now, tension has dropped, and Bitcoin has been growing in price again for two days, and today, according to CoinMarketCap, its price is $ 8,129, and ethereum has risen to $ 143.

I don't see why people fall for this trick. If they have known how bitcoin works fundamentally then it should be easy for them to tell that this is another trick by the scammers to take advantage of mere investors here. If I'm not mistaken bitcoin is decentralised yet secure as to ensure an equal and uniform value wherever you go. Which means that whatever I paid for 1 Btc here in my end should be what you would pay for equivalently on yours.

[heidikim]

In the event of war, precious metals become even more popular. In this case, it can be expected to increase in bitcoin. But there is a problem. Too many fake news. This fake news may lead to price speculation. You need to be careful.

[Leviathan.007]

I think I can give you much more useful info.
A few weeks ago someone from government said we are going to implant a new bard crypto unit worth much more than BTC.
and people can start investing on it
Unfortunately many people started to invest there while still there is actually no new coin. they just say they are doing it...
no the answer is a big NO. BTC never sold at this price there

So this means that people are mistakingly referring to this coin that is not even made yet for bitcoin. Makes sense. i mean, it's kind of farfetched for bitcoin to have different values at each country since it is decentralised yet still a currency. What I paid for 1 BTC should be what you pay for in equivalence to your currency, if my memory serves me correct.

Exactly.
Knowledge is power and if you have the knowledge to weakness of people you have the power and you can easily sell the coins like that.
That's the key (a dark key) to getting rich

[kaya11]

True or not the fact that Local bitcoin Traders are only just getting ready make profits is still there, either cases, whatever happens war or not they are trying sell their Bitcoin and ready to take off if they make it alive somehow when the war breaks. It is justifiable anyone would do that, even me myself would sell my Bitcoin higher than what Iranians btc holders did. It just makes sense, they can't use the money if their country will be destroyed and that is why they are making an alternative get out vehicle and used Bitcoin, fast and secure.

[aamirsuh]

It is expected that Bitcoin's value will increase in times of war. However, it is necessary to pay attention to fake news. You can make a fake bitcoin investment. We need to know which network and level of security Bitcoin is on.

[Gotumoot]

It is expected that Bitcoin's value will increase in times of war. However, it is necessary to pay attention to fake news. You can make a fake bitcoin investment. We need to know which network and level of security Bitcoin is on.

No bitcoin will not increase like that when war comes,  because many investors will rather save thier life than saving bitcoin. I think price of bitcoin in Iran are manipulated only by those sellers in local bitcoin.

In the event of war, precious metals become even more popular. In this case, it can be expected to increase in bitcoin. But there is a problem. Too many fake news. This fake news may lead to price speculation. You need to be careful.

Oil and Gold will rise because Iran is the biggest supppier of oil,  and once the war begins supply of iol will affected and this may lead to increase price of iol

[buwaytress]

In the event of war, precious metals become even more popular. In this case, it can be expected to increase in bitcoin. But there is a problem. Too many fake news. This fake news may lead to price speculation. You need to be careful.

It's not fake news. Any decent news site is able to massage actual data and information into the truths they prefer. Kind of one of the early things you learn as a reporter -- to report on facts as you hear and see them. And then as a journalist, you derive and analyse and give your bosses, and in this case, the people, the headlines they want.

Go on localbitcoins and see for yourself, in countries with hyperinflation, asking price is always above what official central bank rates are for US dollars. That's because you can't get dollars anywhere but on the black market where "real" local fiat value is established (as opposed to official forex). Corrupt goverment officials benefit from this all the time, borrow in dollars, pay back in local currencies.

Heck I can open a trade asking for $50k, LBC would let me.

[lixer]

True or not the fact that Local bitcoin Traders are only just getting ready make profits is still there, either cases, whatever happens war or not they are trying sell their Bitcoin and ready to take off if they make it alive somehow when the war breaks. It is justifiable anyone would do that, even me myself would sell my Bitcoin higher than what Iranians btc holders did. It just makes sense, they can't use the money if their country will be destroyed and that is why they are making an alternative get out vehicle and used Bitcoin, fast and secure.

This war would not actually destroy the country for sure. The worst case which can happen would be their economical condition might drastically drop and it might bring financial crisis among most of the higher associations or National Government Organisations(NGO's) and it would not even make the country stand on their own feet financially. They would need neighboring country supports to start settling their financial situations by performing some international trades with countries who are willing to support them. In this case, peoples might surely convert their money into bitcoins if they do not want their financial situation to be ruined only because their country is expecting so.

[erikalui]

The news was true as people were panicking after the war rumors so feel bad as they must have lost a lot if they did trade their cash for bitcoins. Now the situation is under control compared to one week back but this happens when people can't access the internet and there is a panic situation where bitcoins can be misused. I hope the news of war has died down now.

[Murat]

That type of rumor kills the authenticity of the news regarding Bitcoin and cryptocurrency, a group of people is doing such type crime and those people always try to make money by creating a trap, this should be stoped for the shake of cryptocurrency's potentiality, Already a lot of people have lost their money by joining in some scam project so the credibility is facing a huge crisis, most important thing is that we have been more aware of every rumor, don't take any decision regarding cryptocurrency without justifying it properly.

[SquallLeonhart]

How would peoples even access their wallets or the exchanges if Internet is being restricted into the whole nation? This should actually have brought a dump but it is completely on the opposite site and we can see a price pump in the situation of a military standoff between the US and the Iran.

I was not aware that the government has restricted the Internet connectivity in the entire country of Iran. This usually creates a chaos as the peoples do not even stay updated. They have to watch news of read newspapers in order to keep themselves updated to the current affairs going on. Usually the government might have restricted the usage of internet so that none of the national information are been leaked with the conflicting nation.

[Assface16678]

That type of rumor kills the authenticity of the news regarding Bitcoin and cryptocurrency, a group of people is doing such type crime and those people always try to make money by creating a trap, this should be stoped for the shake of cryptocurrency's potentiality, Already a lot of people have lost their money by joining in some scam project so the credibility is facing a huge crisis, most important thing is that we have been more aware of every rumor, don't take any decision regarding cryptocurrency without justifying it properly.

Before the price of the bitcoin goes up from 7200 dollars, it increased rapidly into 8400 dollars, and many people grab this opportunity to sell their coins but if we are thinking about how this happens and while there is conflict within the two largest countries there was a news created that people tell that Iran release a massive amount of 24,000 dollars to buy some items for the war. However, base on the articles and news I read still there is a conflict, so I think this is fake news because we know that both countries have a misunderstanding and now it's already done.