Re: Big difference in BTC price in local market ?

I have seen many times that in local market BTC price are quite change from international market. Once the price of BTC in Indian market (Zebpay)used to be 2-3 lacks more than the price in bitfinnix. But todayBTC price in Indian price is 1 lack less than the price in bitfinnix , which is big ammount in terms of percentage.

The causes of big difference in bitcoin price in local markets is demand and supply, sometimes at the local country the amount of bitcoin is small and the people who want buy bitcoin is big it will makes the price of bitcoin increase and at same place around the world the people who want buy bitcoin is small, it will makes price of bitcoin goes down.

I think that these trading sites also get benefited from such type of news . First trading increases drastically so they get good transaction charges and secondly the take advantages from such activities and purchase crypto at low rate.Later on local price tried to settle as international price.

Yes it is one of many causes of big difference in bitcoin price in local markets, basically many other aspects which makes big difference in bitcoin price include your analysis, i just share common of aspect related with the numbers of bitcoin just about 21 millions around the world and it related with demand and supply of bitcoin around the include in local markets.

But such type of difference in price leads to wrong analysis . As local market is driven by local demands while the international does not get effected much by local turmoil.And also it takes some time to get effected by any country local news.