Again Indian markets are leading. India buying bitcoins for ~$1500

buysellbitcoin

legendary

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https://www.zebpay.com

Quote from: talkbitcoin on March 07, 2017, 05:59:33 AM

the most interesting part of this higher price to me is the accompanied high volume. i could have expected a lower volume with much higher price but it seems like the demand coming from India is so much more than we could have expected.

it seems like Indians are going to be the new Chinese.

India volume
https://exchangewar.info/coinprice?btc_inr

jacktheking

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India is one of the largest technology hub in Asia. I am not surprised that the people at India believe in Bitcoin and is investing into it. Hopefully that this hot topic in India will bring Bitcoin up again. And then more people will believe in Bitcoin and give it a go.

.

Singapore could be next.

talkbitcoin

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All I know is that I know nothing.

the most interesting part of this higher price to me is the accompanied high volume. i could have expected a lower volume with much higher price but it seems like the demand coming from India is so much more than we could have expected.

it seems like Indians are going to be the new Chinese.

edgar

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Quote from: coinplus on March 06, 2017, 11:43:33 AM

Quote from: LFC_Bitcoin on March 06, 2017, 11:14:52 AM

What kind of an idiot buys at $1500 when the price is more than $200 below that?

I just wonder a legendary member asks how bitcoin prices are being determined.

Could you explain why bitstamp and bitfinex are not showing same prices all the times ? Or Could you explain why people here in this forum are paying 5% to 20% extra than preev rates ?

People who want to buy bitcoins with their local currency pay extra than major exchanges. No surprises nor brainless action.

Especially one whos been 'flipping coins since 2007'

Herbert2020

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Quote from: cengsuwuei on March 07, 2017, 01:38:56 AM

If realy in india exchanger bitcoin price until reach 1500 dollar
i think india people can easy to take profit use arbitrage trading strategy

you can team work in youre friend from india, you buy in local exchanger and selling to youre friend from india

no that is wrong.
because simply put, if there was opportunity to do arbitrage trading, price wouldn't have been high in first place or didn't stay high at least. why do you think bitfinex and bitstamp and kraken and .... have the same price? it is not magic.

cengsuwuei

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If realy in india exchanger bitcoin price until reach 1500 dollar
i think india people can easy to take profit use arbitrage trading strategy

you can team work in youre friend from india, you buy in local exchanger and selling to youre friend from india

passwordnow

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Surely India is getting serious with the market of bitcoin. And if I were living there probably I'll sell some of my coins there. I assume that zebpay is assuming that the price of bitcoin will be higher than $1,500 so they are trying to buy bitcoins at that price. But I'm wondering why do they need to do that if the price is not coming up to that point.

Text

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So far It is the biggest price among the popular exchange sites even in our local. I never tried selling my coins in other exchange sites aside from our local. Indians are good in promoting, a lot of them are really active in investing bitcoin related and they are known as a great adopter of current trends.

RoommateAgreement

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Bazinga!

Indian people have figured it out, and it is something that lots of us have not yet accepted.
bitcoin is gold 2.0 and right now it may seem at a high price with all the all tme high ATH calls and repeating the similar words over and over again, but the fact remains that price of bitcoin is rising and will rise big time.

this means even if you buy bitcoin at $2000 right now you are still going to make a lot of profit.

Luke2939

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Its great to see Indians getting attracted to get into bitcoin. I know many Indians who are now tracking bitcoin news and updates after demonitization and are interested to invest when price of bitcoin corrects. They must be bullish on the ETF approval and might be betting on it to help bitcoin price to climb to more levels.

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Quote from: alyssa85 on March 06, 2017, 03:46:23 PM

Quote from: Wendigo on March 06, 2017, 11:18:02 AM

Quote from: LFC_Bitcoin on March 06, 2017, 11:14:52 AM

What kind of an idiot buys at $1500 when the price is more than $200 below that?

I think the more important question is if we could sell coins to those desperate chaps in India and how do we do it?

That is the difficulty - India operates capital controls. So you can send your bitcoin there and sell it for fiat, but you won't be able to get your fiat out again.

So, i can't take my money back into the outside of the exchange site with the indian currency? Ummmm.... It's not legit. Huh

Vaskiy

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Quote from: defined on March 06, 2017, 03:52:44 PM

Quote from: maker88 on March 06, 2017, 02:28:55 PM

Quote from: Febo on March 06, 2017, 01:35:56 PM

Quote from: beerlover on March 06, 2017, 10:14:24 AM

We have seen similar situations when demonetization of top bank notes happened in late 2016. Now Again Indian markets are trading ~$200 ahead of rest of markets. India sell bitcoins for ~$1420.

I checked India prices here : https://www.unocoin.com

Edit : Another Indian exchange trades bitcoins at ~1460 https://www.zebpay.com

India will first become country with highest population, then strongest economy on world and last the strongest military force. This will all happen in this century.

Obsession with China on this forum and in general with USA citizens is way over hyped.

Lmao India the world's strongest economy and military? What a joke.

India already is the strongest smelling country on the world. Not a good thing.

This too might be a smell of etf approval. As the price after etf approval is expected to go high as well chance of approval too is high. So Indian traders might have planned to accumulate at the current price and get an added profit in a short.

panju1

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Quote from: LFC_Bitcoin on March 06, 2017, 11:14:52 AM

What kind of an idiot buys at $1500 when the price is more than $200 below that?

Anybody who doesn't have access to international bitcoin exchanges but is smart enough to accumulate bitcoins now?
I would call them intelligent, not idiots.

defined

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Quote from: maker88 on March 06, 2017, 02:28:55 PM

Quote from: Febo on March 06, 2017, 01:35:56 PM

Quote from: beerlover on March 06, 2017, 10:14:24 AM

We have seen similar situations when demonetization of top bank notes happened in late 2016. Now Again Indian markets are trading ~$200 ahead of rest of markets. India sell bitcoins for ~$1420.

I checked India prices here : https://www.unocoin.com

Edit : Another Indian exchange trades bitcoins at ~1460 https://www.zebpay.com

India will first become country with highest population, then strongest economy on world and last the strongest military force. This will all happen in this century.

Obsession with China on this forum and in general with USA citizens is way over hyped.

Lmao India the world's strongest economy and military? What a joke.

India already is the strongest smelling country on the world. Not a good thing.

alyssa85

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Quote from: Wendigo on March 06, 2017, 11:18:02 AM

Quote from: LFC_Bitcoin on March 06, 2017, 11:14:52 AM

What kind of an idiot buys at $1500 when the price is more than $200 below that?

I think the more important question is if we could sell coins to those desperate chaps in India and how do we do it?

That is the difficulty - India operates capital controls. So you can send your bitcoin there and sell it for fiat, but you won't be able to get your fiat out again.

maker88

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Quote from: Febo on March 06, 2017, 01:35:56 PM

Quote from: beerlover on March 06, 2017, 10:14:24 AM

We have seen similar situations when demonetization of top bank notes happened in late 2016. Now Again Indian markets are trading ~$200 ahead of rest of markets. India sell bitcoins for ~$1420.

I checked India prices here : https://www.unocoin.com

Edit : Another Indian exchange trades bitcoins at ~1460 https://www.zebpay.com

India will first become country with highest population, then strongest economy on world and last the strongest military force. This will all happen in this century.

Obsession with China on this forum and in general with USA citizens is way over hyped.

Lmao India the world's strongest economy and military? What a joke.

Febo

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Quote from: beerlover on March 06, 2017, 10:14:24 AM

We have seen similar situations when demonetization of top bank notes happened in late 2016. Now Again Indian markets are trading ~$200 ahead of rest of markets. India sell bitcoins for ~$1420.

I checked India prices here : https://www.unocoin.com

Edit : Another Indian exchange trades bitcoins at ~1460 https://www.zebpay.com

India will first become country with highest population, then strongest economy on world and last the strongest military force. This will all happen in this century.

Obsession with China on this forum and in general with USA citizens is way over hyped.

Vaccinus

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Quote from: LFC_Bitcoin on March 06, 2017, 11:14:52 AM

What kind of an idiot buys at $1500 when the price is more than $200 below that?

because they have restriction, and because the market will soon be at $1500 anyway, it's not like they are overbuying the vlaue that much, $200 more can be done with a bull run like this, it's not so out of mind, if i was desperate to buy bitcoin and the only possibility was to overpay it a bit, i would do it for now, because the price will explode very soon

JimboToronto

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You're never too old to think young.

This just underscores the fact that not all people who buy bitcoins are speculators.

manselr

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Quote from: beerlover on March 06, 2017, 10:14:24 AM

We have seen similar situations when demonetization of top bank notes happened in late 2016. Now Again Indian markets are trading ~$200 ahead of rest of markets. India sell bitcoins for ~$1420.

I checked India prices here : https://www.unocoin.com

Edit : Another Indian exchange trades bitcoins at ~1460 https://www.zebpay.com

India is in a hell hole situation now. Their local currency it's collapsing, it's a crumbling economy, an exploding society. Very sad to see, a lot of smart kids in india that could be the next bill gates, but they are stuck in that trap. Hopefully bitcoin helps some people to save their wealth from the bureaucrats.

Topic: Again Indian markets are leading. India buying bitcoins for ~$1500 (Read 1483 times)