Later this happen unusual activity in Venezuela. SurBitcoin, the largest bitcoin market in the country, flooded with sell orders users at a price 26% cheaper than the price of bitcoin in the global market. Despite selling at a price below the market is not an unusual occurrence, but the price difference is $ 200 below the market price would be the question.
These questions are not getting satisfactory answers. Several possibilities have been analyzed. First, it is believed there is a problem in the system that executes commands SurBitcoin sold without its own course, but this has been disputed by the parties SurBitcoin stating that their system works well. Another thing is the likely answer is that the correlation between Bolivar, the official currency of the country, with the US dollar.
Bolivar currency has lost value since the economic crisis hit the oil-rich country. People initially flocked to buy US dollars and bitcoin to protect their assets from the risk of losing value. Thus, should the price of bitcoin increased in the country and not vice versa, as is now the case. However, only Bolivar alone is accepted as means of payment in the country, so inevitably, the person must hold enough money Bolivar to meet daily needs, so they decided to sell their bitcoin.
Another thing to note is the problem between SurBitcoin with their partner banks, Banesco, so it may be a delay or stuttering sale or purchase transaction and people start worrying about their bitcoin. In addition, the country's biggest newspaper La Patilla has also lowered the news bitcoin's image in the eyes of the people of Venezuela.
It could be one of the problems mentioned above triggers this strange occurrence, or even a combination of all these problems encourage people Venezuela sells bitcoin far below market prices.