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Sold of My Entire Bullion Collection In Order To Purchase BitCoins
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<p>[QUOTE="Prime Mover, post: 2912206, member: 38783"]Possibly. There's always someone looking to make a profit on misfortune.</p><p><br /></p><p>However, exchange rates will vary country to country. For example, in the US, most of the exchanges will have BTC at around $7700 (current time around 11PM EST). Some Korean exchanges have BTC at $8600 at the same time. Most of the other exchanges implement a local restriction on currency types you can use (for example you have to trade in Korean Won on those exchanges, you can't use USD), which account for some of the differences.</p><p><br /></p><p>The rest of the crypto on the Zimbabwe exchange are also about 2x their USD counterpart, so although high, it's linear. And you have to live there and have a bank account there to be able to exchange money there, so you don't have many others outside the country trying to profit from it too much.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 2912206, member: 38783"]Possibly. There's always someone looking to make a profit on misfortune. However, exchange rates will vary country to country. For example, in the US, most of the exchanges will have BTC at around $7700 (current time around 11PM EST). Some Korean exchanges have BTC at $8600 at the same time. Most of the other exchanges implement a local restriction on currency types you can use (for example you have to trade in Korean Won on those exchanges, you can't use USD), which account for some of the differences. The rest of the crypto on the Zimbabwe exchange are also about 2x their USD counterpart, so although high, it's linear. And you have to live there and have a bank account there to be able to exchange money there, so you don't have many others outside the country trying to profit from it too much.[/QUOTE]
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