BRAZILIAN TRADER ACCIDENTALLY BOUGHT BTC AT THE RATE OF $19 400

One of the cryptocurrency traders in Brazil accidentally bought BTC at a price much higher than the market price.

On one not the most popular Brazilian cryptocurrency platform TemBTC a trader bought 0.0047 BTC for 340 Brazilian reals (about $91). That is, if he bought a whole bitcoin at the same rate, it would cost him $19,400. On other cryptocurrency platforms 0.0047 BTC would cost him about $15.

Most likely, an inexperienced trader who does not understand the dynamics of the market, placed to buy a large order and thus emptied the entire glass of orders for sale. Before buying bitcoin at a price of $19 400, he also bought the application at the price of $16 000, $13 000 and $10 000.

Note that the record value of bitcoin on the Brazilian cryptocurrency platforms was reached in December 2017 and amounted to $18,900 per 1 BTC.

TemBTC was recently purchased by Bitcoin Banco Group, which owns other cryptocurrency platforms, including the largest cryptocurrency exchange in the country NegocieCoins. After that, the daily trading volume on TemBTC increased from 1 BTC to 100 BTC or more. At some point, the daily turnover of the exchange reached 2000 BTC.

Despite the comic nature of the situation, many cryptocurrency traders took this moment with optimism, as it may indicate a return to the market of investors who again began to buy bitcoin.

The post BRAZILIAN TRADER ACCIDENTALLY BOUGHT BTC AT THE RATE OF $19 400 appeared first on Bitcoin News.

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