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/biz/ - Business & Finance

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13090814 No.13090814 [Reply] [Original]

If you doubt me go check the price of bitcoin in localbitcoins on local currencies that are not the usd or the euro.

There is a difference of 10% at best by buying with local currency than buying with card online.

Why?Because most of south america , africa and a great part of asia can only buy on cash or with local bank transfers.

But i have never seen such a difference in price of bitcoin in local currencies compared to buying in usd.
This either means that:

A_The supply is starting to be little for the demand and we will see a bullrun very soon.

or

B_People in shitholes are accumulating at a rate that the local exchanges can sell at a premium of 20% more price than let´s say coinbase or binance because the people prefer risking 15% of loses in bitcoin than a 15% of loses to inflation in their shitfiats.


Regardless this two options are very bullish and looking at localbitcoins volume in shitholes we can see them growing non stop even faster than in first world nations.

It´s almost as if the first world retreated after december 2017 and the developed world as kept buying non stop for wires and things like that.

The fact that there is such a price difference in bitcoin in shitholes paying on local currency through banks and on first world exchanges and that the price is being sustained probably by this constant purchases means that when the first world investors return for the halving we are going to moon insanely.

I mean the only thing keeping the volume is developening nations , once the halving aproaches and clickbaits return the first world investors will drive the price to the moon if even the shitholes are able to keep the price.

What do you anons think?

>> No.13090849

>>13090814
no dude, like maybe 6 months ago, 1 btc was selling for 20k USD in Tehran. The reason the price is higher is because it is scarcer and harder to get in a country like Iran, which is under sanction. So the only way to buy is to do it in the street, with physical USD.

>> No.13090864

listen here shill, i dont want any part of your conspiracy.

>> No.13090930
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13090930

>>13090849
True but the point is that there is people buying , and that difference in price between first world nations and developening world nations is becoming bigger and bigger.

Last time i saw this was in january 2017 , and we know what happened later that year.

I can´t even believe a bullrun of such magnitude would start before the halving.

But 17% of the difference in price of coinbase to an exchange in south america is something that i only saw in november 2017 and it´s happening again.

Are anons that buy in local currencies seeing the same thing happening?

>> No.13090999

>>13090930
u have 2 months. it's all been planned. godspeed

>> No.13091016

>>13090999
fucking checked. LINK $9 in june

>> No.13091074
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13091074

>>13090999
Checked and well , i still have time to join the 21m club i guess.......

>> No.13091097

>>13090930
>November of 2017
>and we all know what happened then
The biggest justing in history?

>> No.13091141
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13091141

>>13091097
only for those entering but that process was very noticeable already in january of 2017 when the price difference between first world and developening world exchange started to become something of 10% more in usd.
Then in november it reached 20%.

Then since january 2018 to febraury 2019 the price was basically the same either in brasil , usa , argentina , nigeria or anyplace.

Now that difference is back growing and reaching the 10% which means massive demand on those countries.