Author

Topic: Bitcoin hits $17bn market cap (Read 805 times)

legendary
Activity: 1218
Merit: 1007
January 12, 2017, 01:53:22 PM
#10
I don't think that the number will be huge as compared to others because bitcoins is still very new to Indians, and to many, this had been introduced as a way of making quick profits through trading the volatility of its markets. So, many were like "in and out" of the game during the boom and crash.
jr. member
Activity: 102
Merit: 5
January 12, 2017, 05:08:48 AM
#9
$5bn erased out of the market since I posted it.
newbie
Activity: 32
Merit: 0
January 12, 2017, 01:32:48 AM
#8
well that's pretty impressive but why are you mentioning Indians and why you want to know the share of Indians? Maybe because they are taking too much interest in Bitcoins well if so then they may have a great share in the market. We can only know if the exchanges tell us how much bitcoins they are holding or we hear anything from them otherwise we cannot say anything. But right now i guess people from all the world are taking interest in Bitcoins.

It could be because we are from India, and Indian economy is growing at the good pace compared to other countries in economy and when compared to bitcoin we are far behind then other countries. With majority of population being young ideally we should be leading in bitcoin technology but this is not the case yet. Let us see how far and how much we can go ahead.
It is because of demonatisation that resulted in instant surge of bitcoin.thats show how much indian is participating and depositing their money in form bitcoin. Grin
hero member
Activity: 1218
Merit: 557
January 05, 2017, 01:10:32 AM
#7
well that's pretty impressive but why are you mentioning Indians and why you want to know the share of Indians? Maybe because they are taking too much interest in Bitcoins well if so then they may have a great share in the market. We can only know if the exchanges tell us how much bitcoins they are holding or we hear anything from them otherwise we cannot say anything. But right now i guess people from all the world are taking interest in Bitcoins.

It could be because we are from India, and Indian economy is growing at the good pace compared to other countries in economy and when compared to bitcoin we are far behind then other countries. With majority of population being young ideally we should be leading in bitcoin technology but this is not the case yet. Let us see how far and how much we can go ahead.
hero member
Activity: 720
Merit: 500
January 04, 2017, 02:08:19 PM
#6
well that's pretty impressive but why are you mentioning Indians and why you want to know the share of Indians? Maybe because they are taking too much interest in Bitcoins well if so then they may have a great share in the market. We can only know if the exchanges tell us how much bitcoins they are holding or we hear anything from them otherwise we cannot say anything. But right now i guess people from all the world are taking interest in Bitcoins.
hero member
Activity: 1218
Merit: 557
January 04, 2017, 02:06:15 PM
#5
Bitcoin hits $17bn market cap.How much is the Indian share of the total market cap?

Not sure how much does India trade btc across the year as compared to other counterparts. But for sure it will be very less negligible % when compared to China and other country as India is still at a very nascent stage. Slowly but making progress and on the way to achieve big thing.
legendary
Activity: 1358
Merit: 1000
January 04, 2017, 11:45:41 AM
#4
What does "Indian share" even mean in this context Huh?

Bitcoin hits $17bn market cap.How much is the Indian share of the total market cap?

The value of bitcoins held by Indians?
It really doesn't make much sense, given that Bitcoin knows no borders.
legendary
Activity: 2226
Merit: 1052
January 04, 2017, 10:30:47 AM
#3
Bitcoin hits $17bn market cap.How much is the Indian share of the total market cap?

Unfortunately, there is no way to know the real Indian share. But, if the Indian exchanges publish their bitcoin holding, we might get a rough picture.
jr. member
Activity: 78
Merit: 1
January 04, 2017, 09:57:00 AM
#2
What does "Indian share" even mean in this context Huh?

Bitcoin hits $17bn market cap.How much is the Indian share of the total market cap?
jr. member
Activity: 102
Merit: 5
January 04, 2017, 08:48:47 AM
#1
Bitcoin hits $17bn market cap.How much is the Indian share of the total market cap?
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