A tip for Bitcoiners with Brazilian friends (or travel plans) you can make a consistent 25% profit by selling BTC in Reais
· Originally published on Reddit
In Brazil there are many more Bitcoin Buyers than sellers. I've been watching the market closely for the last 6 months and I noticed that you the Brazilian Real is constantly 25% undervalued in relation to the exchange rate.
For example: if you buy 10 bitcoins right now in dollars (or euros) you'll spend $733.80 dollars. Those same bitcoins can be sold for R$1750 which at the current exchange rate is worth $868 dollars. So you could make $150 dollars extra, which would more than cover any exchange tax, a couple of caipirinhas, a hotel room for the night and you've still got some bucks left.
Check it for yourself at: http://www.mercadobitcoin.com.br/
I expected this to be a temporary thing, but as I said, I've been watching it for a long time and the difference has been constant. I suppose that if enough people do this, the bitcoins offer in the market will catchup with the demand and the price will go to a saner level – which is exactly what I'm spreading the word around.
