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Topic: Article on Bitcoin in my Local Newspaper!! - page 3. (Read 2276 times)

legendary
Activity: 1218
Merit: 1007
December 28, 2016, 12:55:26 PM
#7
That's actually pretty cool, I wasn't sure what language that was at first, but considering that it's Indian and there has been a lot of news coming out of India related to their economic woes, it seems every increasingly like there might be some big news coming out of India related to Bitcoin pretty soon. I for one am excited to see where this goes.
hero member
Activity: 854
Merit: 500
December 28, 2016, 12:51:48 PM
#6
I have even seen some Indian news channel talking about bitcoin as new type of currency and may become world currency in future replacing fiat. Which is quite unbelievable to hear from a news channel. That sound more like promoting bitcoin but who cares atleast this types of news creating more awareness regarding bitcoin to people which may ultimately boost adoption level.
legendary
Activity: 2632
Merit: 1094
December 28, 2016, 12:45:32 PM
#5
Basically,it states how demonization in India has given "good days" for bitcoins.And there is a chance Indian Government may legally approve the use of bitcoins in India!
But modi government may limit the trade volume in Indian bitcoin trading platform rather than approving it as legal currency. I have heard that he have also limited amount of gold anyone can have but as they can't find out how much a person is holding in bitcoin they may try to get all of the personal information regarding every client of local trading platforms in India. And may take action against the one who have bought heavy amount of bitcoin in past...

However demonetization seems to have some effect in the recent pump which i think was started after the demonetization in India.

Modi would definitely hate bitcoins as he already hates gold and doesn't want people to even own over 200gm of gold. Bitcoin is a far fetched thing for him as it's considered black money and many online wallets too say it's an illegal currency. Recently, Citrus told me how they look down upon BTC and if it's legalized, there couldn't be a better way for me to give it back to them.
legendary
Activity: 1218
Merit: 1006
December 28, 2016, 12:27:51 PM
#4
Basically,it states how demonization in India has given "good days" for bitcoins.And there is a chance Indian Government may legally approve the use of bitcoins in India!
But modi government may limit the trade volume in Indian bitcoin trading platform rather than approving it as legal currency. I have heard that he have also limited amount of gold anyone can have but as they can't find out how much a person is holding in bitcoin they may try to get all of the personal information regarding every client of local trading platforms in India. And may take action against the one who have bought heavy amount of bitcoin in past...

However demonetization seems to have some effect in the recent pump which i think was started after the demonetization in India.
hero member
Activity: 2646
Merit: 686
December 28, 2016, 12:25:19 PM
#3
To start with,my local newspaper is so local that it doesn't cover half of the news happening throughout the country.Boy,I'm sure they were astounded by bitcoins beauty that they actually cared to write about it!

I'm not going to translate the entire article because there is nothing new that we need to know.Basically,it states how demonization in India has given "good days" for bitcoins.And there is a chance Indian Government may legally approve the use of bitcoins in India!

The actual article :

Hahaha the language was not one that we all would know. Thanks for the translation buddy. This news has been one of the key factors to the rise and it's good for us that bitcoin has taken up a leap of faith. I am very happy that bitcoin is rising, and considering India is a huge country, if even 50% population start using it, bam it's shoot up the btc like anything. But op you did misguided us, use better translation next time.
hero member
Activity: 1106
Merit: 521
December 28, 2016, 12:04:40 PM
#2
obviously cant understand the article but any news in India at the minute must be good news.  Bitcoin should be catching on like wild fire over there at the minute. Thanks for sharing
legendary
Activity: 1750
Merit: 1115
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December 28, 2016, 11:54:40 AM
#1
To start with,my local newspaper is so local that it doesn't cover half of the news happening throughout the country.Boy,I'm sure they were astounded by bitcoins beauty that they actually cared to write about it!

I'm not going to translate the entire article because there is nothing new that we need to know.Basically,it states how demonization in India has given "good days" for bitcoins.And there is a chance Indian Government may legally approve the use of bitcoins in India!

The actual article :
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