Bitcoin in India and Korea at 2000 USD! Will World Follow?

in bitcoin •  8 years ago  (edited)

Some time ago i wrote a story of BTC in India at 1000USD when whole world was behind.

Now we have Korea and India at 2000 USD while rest of the world trades at 1800+.

If history happens again (and i see no reason why not) we will see 2000 everywhere within 2 weeks.

This is not trading advice as you have to decide yourself what to do. This is just speculation based on events that happened not long ago.

Coinsecure Prices (Indian Exchange)


Indonesian Exchange


Also getting close.

Korean Exchange Prices

Most Expensive BTCs

I would say, BTC at 1900-2000 range is looking good to hit within next 7-14 days. based on this premiums.

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UPDATE, Kraken [EU exchange] hit over 2500USD for a little bit of time.

  ·  8 years ago (edited)

Before year ends will be $10,000+
Cross fingers

I don't think so, but 3-4k it's real

but that if the bitcoin civil war can be finished and i like bigger blocks and want seg wit at same time

Is see no reason why it won't. Be wary for arbitrage though :)

Clif High's ALTA language says 2300 by mid summer and 13,000 per btc by February 2018

Did you pick up his $99 Crypto Report? I bought and read it once so far. It's got info on alot of the alt-coins. Nothing on Steem however.

Congratulations @kingscrown!
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I think $2000 is within a couple days. great article tho.

This is such and exciting time that I can barely keep my pants on (figuratively speaking, of course 😉)

This is the dawn of the new age!!! Who cares about what the dollar is going to do anymore?!! lol

B-e-a youtiful!!!

Im from india, and BTC are getting very popular, but people are still confused. I have told many of them to invest in btc, but they are afraid as most of them are not familiar with how it works and after the latest virus hack, they are even more afraid... lol.

Another thing that i come across many articles saying that btc will reach a million dollar, but what happens when the dollar collapses? as most of them are getting into btc to avoid the dollar collapse. Say if dollar corrects to 50% or 75% if not zero (as per the many alt media who a predicting a mad max situation in usa.. which i doubt will ever happen) How will the prices of btc and other crypto be determined?

No stopping BTC.....giving power back to people.
Salute Satoshi (virtual God)

We started first Cafe in India accepeting Btc payment.I was surprised to see how many people came forward wanting to know more about Btc payment and also quite a few paid their bill in BTC.
2017 is Boom time for Btc in India

I think people in india are adopting bitcoin super quick. They need it because of their mis-managed fiat currency. I am sure they will push BTC much higher than this.

Bitcoin is Gold in the crypto world. Hopefully STEEM can be the little brother like Silver in the physical world.

Surely it will be in the next few days and even more in the next months and dive a huge steep after then.

Yes... I agree about that ! :)

Why would it dip after that? Aren't people dumping more and more money into cryptocurrencies? Plus Bitcoin is the only coin that gets any mainstream media attention. I feel like it will continue to climb...

It will dip due to bubble effect but its just temporary, the price will certainly goes up and could reach $10,000.

I agree. Gonna have a solid market correction I hope and then it will be bought up. I am very bullish on bitcoin long term though. It is here to stay

Huge stock market lows today = btc rise.

This is a slow simmer to what is going to take about 5-15 more years. Loving every minute of it

Massive economic collapse coming soon.

Nice post. I think it is going up in value no matter what. But also i think that BTC have some serious problem with the unconfirmed transactions.. It's 160.000+ and counting every second.. I have about 0,25 BTC in a unconfirmed transaction for about 3 days. But apart of that yes, i think it's gonna beat the 2000 mark soon in all markets. Greetings!

I would suspect so!

tumblr_nskd4bIjcK1qezp3zo7_250.gif

Following you on this one

The question is not "will" but rather "when"?

Bitcoin is behaving like a safe haven asset. The more turmoil there is in the real economy the more demand there is for Bitcoins and other crypto-currencies. Nevertheless, don't keep all your eggs in one basket get some gold and silver as well.

There is huge demand for bitcoins in India after demobilization, many people saving in bitcoins. I have there is 10 to 15. Percent difference in price when compared with other countries.

It's gonna hit 2000.00. You won't have to wait long!!!

Thanks for this... I was looking some crypto-fundamentals suggesting a $2,500 USD price soon... but had not looked into those exchanges... thanks for the great info!!! One more tool in my cryptocurrency toolbag.

I had seen $3500 US by the end of the year... wouldnt it be nice?!?

Will it hold?

I predicted this a few weeks ago, soon the commodity of BTC will be revealed get yours soon!!

I think it's just a matter of time before bitcoin will hit $2000

its absolutely a good sign that were going to see some upward movement! The more people/countries adopting BTC and other crypto currencies the better off everyone here will be!

meep

Bitcoin in India is mainly more expensive than other countries because there are simply 2-3 exchanges from where you can buy the Bitcoins with INR. So whenever there is a high demand of Bitcoins, these exchanges increase the prices even more, to maintain a balance with the supply. And yes, Bitcoin price increae in India is generally a good indicator of worldwide price increase.

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Excellent, informative article.I'm looking forward to your next one. Thank you

Thanks for putting the summary up. I have seen that the price between different exchanges takes some time to catch up and sometimes doesn't. Currently the BTC/USD quote at Coinbase is $1808.21 and on bitstamp is $1798.99.

It's not purely an indication or speculation of what the price can be. I guess this is directly dependent on how liquid a particular exchange is. The more liquid an exchange is, the better opportunity for price discovery.

Great !

Haha by the way bitcoin Indonesia is not an Indian exchange. Indonesia is a country in South-East Asia.

yeah my mistake just price fit it ;x i fixed it now. thanx a bunch!

I hope the world does
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How long before this crashes ?

  ·  8 years ago (edited)

And all this craziness is happening despite of all the debate about the high fees, the slow transactions and a possible hard fork. :-)
I don't know if anybody here follows Clif Highs Web Bot Reports. He makes an even crazier prediction; $15,000 before the end of the year! :-)

It sounds crazy but I think as world gets morw out of wack the higher it wil go. What if bitcoin becomes the most common retirement plan. 401k what? I want my employer to donate to my bitcoin wallet!

outrageously good for the holders. we're in for the long run.

Rs 1,37,500 Now
i.e $2135.00 per BTC...!!!

Wow!

@kingscrown My friend, the article is excellent. Very inspiring. You are a master to convey information and to spare, I take off the hat.... you maestro in questions of crypto currency

The price prediction for bitcoin by year end is 2,500$

In my opinion Bitcoin will fail. Can you trust a currency that is reliant on vulnerable technology?? With the creation of a number of new competing cryptocurrencies being developed and eventually diluting the market. If a cyber attack occurred would your Bitcoin be safe. Would you intrust thousands of dollars to the system? How long before Government infiltrate this technology and causes it to fail? Why would Government do that? Because central banks will not tolerate a currency that they do not have complete control over, thats why. If they cause a failure in the system, then people will lose confidence in them, unless of course the federal government comes to the rescue and offers to insure the currency FDICA baby. Look what they did to Precious metals. The feds found a way to manipulate it and fix it. The banks simply print and sell enough paper contracts to dilute the market. Some say that there are up to 200 hundred paper contracts per ounce of gold. The silver and gold markets are easily moved by the simple push of a computer key. They must regulate it in order to keep the value of the dollar intact. The same is true with cryto. If they let the market run, paper currencies would diminish in value. Is it possible that the cryptocurrency was ordained by the central banks as a trail to see if people would buy into this type of monetary system? But for now enjoy the wealth it has created, just don't think they will let the party continue.

The opportunity everyone reading has this here is absolutely tremendous. Bitcoin as well as other forms of cryptocurrency are going to change the world for the better.

India always had been selling Bitcoin at 100-200$ premium. There is a difference of 100$ in buy sell price also

This is crazy, Bitcoin prices soar but it's suprising it hasn't even touched it's peak. People are yet to even know what Bitcoin is. That shows future growth is inevitable.

thank you for sharing

yesterday I sold at 2028 USD on coinsecure

Very curious to see if "foreign" markets (India/Korea) are predictors of btc price in North America / Europe. Looking forward to see what happens in the next few days :)