Quote from: Hydrogen on October 23, 2017, 09:24:42 PM

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According to TheNational.ae, bitcoin adoption in Zimbabwe is seemingly skyrocketing as the countrys economic situation looks bleak. So much so, that one bitcoin is trading at nearly $10,000 on the Golix.io exchange, while the global average is, at press time, of $5,642.00.

I haven't exchange traded in years. Does anyone know if its possible to arb on the golix.io exchange if indeed btc was trading there at an all time high of $10,000? The implications of btc trading as high as $10k on some exchanges could show demand is strong enough for btc to trend over $6,000. It could mean btc will reach $10k in 2018. Will be interesting to see how good/bad of an indicator this is over the long term.

Also in regard to some saying bitcoin miners in venezuela couldn't buy anything in venezuela with crypto, I don't know the answer to that. I they cross the border into neighboring columbia and spend their crypto there.

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Venezuelans cross into Colombia to buy supplies

Thousands of Venezuelans have been crossing into Colombia to buy food and medicine after the opening of five pedestrian border crossings.

Venezuela and Colombia opened several "provisional" border crossing points on Saturday for pedestrians for the first time in nearly a year as part of a progressive reopening agreed on this week.

As of 6am local time, the authorities opened a total of five crossing points in the Venezuelan towns of Tachira, Apure, Zulia and Amazonas.

During three temporary border openings last month, some 150,000 Venezuelans - suffering from their country's severe economic crisis - poured into Colombia to purchase food, medicine and other basics.

http://www.aljazeera.com/news/2016/08/venezuelans-flock-colombia-buy-supplies-160814042335562.html

Of course, there are other methods they might use.