bitcoin price in Thailand

[Stef]

I noticed that 1 bitcoin is about 3-5% more expensive when purchased through a Thai exchange. Is there a reason? Onshore and offshore Baht exchange rate or just the demand/supply balance?

 

For example:

Google: 1 BTC = 135,771 THB

bx.in.th:   about 140,000 THB

 

Does anybody know?

 

[speedtripler]

They're is a lack of liquidity in the market compared to other nations, supply is pretty tight and especially when the price is rising thais refuse  to sell it unless at a premium... 

 

 

 

 

[Suradit69]

3 hours ago, Stef said:

Is there a reason? Onshore and offshore Baht exchange rate or just the demand/supply balance?

All of the above. 

 

Quote

 

When reviewing the Bitcoin price, it is important to remember that there’s no standard or global Bitcoin price. Bitcoin isn't pegged in any way to the USD or to any other currency, country or any exchange.

It’s almost like asking: “Why does a bag of rice cost more in one supermarket, city or country compared to another?”. The short answer is “because of supply and demand”, but let’s dive in a little deeper for a more detailed look.

 

more at:   https://www.luno.com/blog/en/post/bitcoin-price-different-different-countries

 

 

 

Edited August 23, 2017 by Suradit69

[Stef]

Very interesting article from Luno. Thanks for answering my question.

 

[Scott]

Posts with questionable advice have been removed.  

[speedtripler]

1

Edited August 23, 2017 by speedtripler
1

[MrPatrickThai]

I bought OMG at 16 baht and Ripple at 6 two days ago, happy days!

Ripple is the winner IMHO. Don't piss off the banks, work with them, they are very powerful.

[speedtripler]

2 hours ago, MrPatrickThai said:

I bought OMG at 16 baht and Ripple at 6 two days ago, happy days!

Ripple is the winner IMHO. Don't piss off the banks, work with them, they are very powerful.

 

Dollar cost averaging is probably  the best way to buy in a volatile market 

 

Buy a little bit every week and you should do OK 

[connda]

On 8/24/2017 at 9:33 AM, MrPatrickThai said:

I bought OMG at 16 baht and Ripple at 6 two days ago, happy days!

Ripple is the winner IMHO. Don't piss off the banks, work with them, they are very powerful.

How do you buy Ripple in Thailand?