Zimbabwean Bitcoin Price Soars to $12,400

Re:Zimbabwean Bitcoin Price Soars to $12,400 by Plough_Jogger on Saturday November 04, 2017 @10:57PM (#15627972)

Important caveats for anyone interested in this as an arbitrage opportunity:

1. This exchange is highly illiquid, and has extremely low trading volumes.

2. Other cryptocurrencies are similarly inflated on the exchange.

3. Cash withdrawals are only allowed from the exchange to Zimbabwean banks. These accounts cannot easily be held by non-citizens.

3. Due to a cash crisis, Zimbabwean banks currently have strict USD withdrawal limits of around $50 / day.

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Re:Zimbabwean Bitcoin Price Soars to $12,400 by 6nf on Saturday November 04, 2017 @11:04PM (#15627993)

Yea no kidding on the low trading volume. Only 118 BTC in the last 30 days. The Aussie exchange BTC Markets is more than a thousand times that.

[ Parent | on HN ]

Re:Zimbabwean Bitcoin Price Soars to $12,400 by quickthrower2 on Saturday November 04, 2017 @11:35PM (#15628079)

"No such thing as a free lunch"

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Re:Zimbabwean Bitcoin Price Soars to $12,400 by ionwake on Monday November 06, 2017 @08:28AM (#15635235)

Is this the same price bitcoin is worth 'on the street' in Zimbabwe?

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Re:Zimbabwean Bitcoin Price Soars to $12,400 by Bromskloss on Saturday November 04, 2017 @11:15PM (#15628025)

Does the exchange have a web page? Do you have a link to it?

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