Bitcoin in India? Not for a LOOOOONG time. - page 10.

barbara44

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Quote from: mrhelpful on March 14, 2016, 10:50:04 PM

Quote from: alyssa85 on March 14, 2016, 08:42:16 PM

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

Are you serious? inflation is everywhere? hello?

There is inflation as long there is such thing as fiat, maybe the inflation at current situations is lower then u.s. which I highly doubt. But the main focus in india isnt noticed because theres no start ups there.

Even here in the silicon valley, regular people only heard of bitcoin so its obvious in the 6 years of growth it needs some marketing..

There in India the digital world has more fame and more people are interested in internet, the thing which is of need, there in India the Computer colleges and academies must have to give knowledge about bitcoin to all of its students.

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Quote from: mrhelpful on March 14, 2016, 10:50:04 PM

Quote from: alyssa85 on March 14, 2016, 08:42:16 PM

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

Are you serious? inflation is everywhere? hello?

There is inflation as long there is such thing as fiat, maybe the inflation at current situations is lower then u.s. which I highly doubt. But the main focus in india isnt noticed because theres no start ups there.

Even here in the silicon valley, regular people only heard of bitcoin so its obvious in the 6 years of growth it needs some marketing..

Yes its marketing can promote it well there in India, the people at there who know about bitcoin will have to train the other people about the use of it and its earning methods, then there it will be adopted on a large numbers.

Crazygreek

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Maybe BTC will progress in India. Who knows? You said that's india is progressing so fast, maybe btc in india will start soon . Huh

redsun114

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Quote from: alyssa85 on March 14, 2016, 08:42:16 PM

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

If the reason was that then why not Chinese adopt USD?
If the people of India were given the same opportunities and facilities that are in China then it will adopted on the same rate in India as in China.

bitcoin-hunter

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Quote from: n0ne on March 16, 2016, 07:57:32 AM

Quote from: bitbunnny on March 16, 2016, 03:59:31 AM

Why not? As far as I know people there are pretty much into techonolgy and I think that they are also the country with the largest number of mobile phones per one inhabitant in the world, so why not the Bitcoin too? It's a very large "market".

As said India can be considered as the best place for the growth of bitcoin technology in the future. It has got all sort of people with some knowledge in technology which is required for bitcoin usage.

India will have soon Bitcoin. The world is becoming more digital and that is very good for Bitcoin.
And everyone will have better. Many people will become in the future more richer and that is very good.

Rinder

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I think bitcoin in india has very weak potential since the government would very much ban or reduce it's potential with awkward legislation's, They usually are not supportive for worldwide currencies like that IMO...

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Quote from: bitbunnny on March 16, 2016, 03:59:31 AM

Why not? As far as I know people there are pretty much into techonolgy and I think that they are also the country with the largest number of mobile phones per one inhabitant in the world, so why not the Bitcoin too? It's a very large "market".

As said India can be considered as the best place for the growth of bitcoin technology in the future. It has got all sort of people with some knowledge in technology which is required for bitcoin usage.

bitbunnny

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Why not? As far as I know people there are pretty much into techonolgy and I think that they are also the country with the largest number of mobile phones per one inhabitant in the world, so why not the Bitcoin too? It's a very large "market".

shane

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Im member of zebpay, i get update everyday, i think india is good market for bitcoin, i can see most of indian people interesting in technology, maybe in future india market have a great volume for bitcoin trading.

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Quote from: alyssa85 on March 14, 2016, 08:42:16 PM

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

No the reason is that the people at there in India are not still well aware with bitcoin, bitcoin is an interesting and well profiting currency so anyone who know well about it, adopt it without any fear.

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You never know what will happen later. I think it will happen soon. I think some people have already Bitcoin in India.
And that is very good. The world is becoming more digital and that is also very good for Bitcoin.

mrhelpful

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Quote from: alyssa85 on March 14, 2016, 08:42:16 PM

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

Are you serious? inflation is everywhere? hello?

There is inflation as long there is such thing as fiat, maybe the inflation at current situations is lower then u.s. which I highly doubt. But the main focus in india isnt noticed because theres no start ups there.

Even here in the silicon valley, regular people only heard of bitcoin so its obvious in the 6 years of growth it needs some marketing..

alyssa85

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I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

pneumatic5

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India will take a long time to get into bitcoins I guess, I am from India and I don't see any major development in it, as no one is aware about bitcoins, and many of them have even not heard about it.

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Quote from: angryrob on March 08, 2016, 05:14:22 PM

Quote from: jchst on March 08, 2016, 04:17:25 PM

India would is very big,if bitcoin mass adoption starts at it ,i believe it will be a boom into the merchants business ,making the bitcoin demand become too high,making the price of bitcoin grow .

Yes, I think if India start adopting bitcoins then it can have positive effect on the adoption level, as the population of India is huge, even a small proportion of population starts using bitcoins, it can create a huge difference.

Even the use of the small proportion will increase the adoption. But soon when India is considered illegal activities through Bitcoin will increase than the European nations.

angryrob

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Quote from: jchst on March 08, 2016, 04:17:25 PM

India would is very big,if bitcoin mass adoption starts at it ,i believe it will be a boom into the merchants business ,making the bitcoin demand become too high,making the price of bitcoin grow .

Yes, I think if India start adopting bitcoins then it can have positive effect on the adoption level, as the population of India is huge, even a small proportion of population starts using bitcoins, it can create a huge difference.

jchst

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India would is very big,if bitcoin mass adoption starts at it ,i believe it will be a boom into the merchants business ,making the bitcoin demand become too high,making the price of bitcoin grow .

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Quote from: romero121 on March 07, 2016, 01:17:30 PM

Quote from: Oscoda on March 07, 2016, 11:28:14 AM

Quote from: Mitchow on March 06, 2016, 10:17:12 AM

Quote from: martinacar on March 06, 2016, 09:50:18 AM

Quote from: fruitcommander on March 06, 2016, 09:31:56 AM

Quote from: justspare on March 06, 2016, 04:18:46 AM

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.

In the major cities you see Indian is like the west. Really into technology internet etc. The urban cities and villages has some catching up to do.
Give them 5-10 years and you will see how India will flourish.

That's true India is a developing country, and the best thing is the majority of Indian population is youth, So youth will always be keen to learn new things, and things will change in future for sure.

You will never know what can happen later in the future. But I think it will come soon to India.
Bitcoin is becoming more popular and that is very good. Also for the economy and Bitcoin. Now we must only hope that it will be more worth later in the future.

Exactly said, Bitcoin is growing and getting adoptions from India equal to western countries. This will continue and as said not only cities are growing equal to west, small towns too getting few necessary things like internet and getting digitalized.

Yeah, internet in india is widely used and accessible from any corner of the country, majority of the people are using smart phones, and use of bitcoin is just a click away from them, at present very few would be aware about the bitcoins, but the scenario would change in future for sure.

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Quote from: OROBTC on December 05, 2015, 11:06:35 PM

...

We are back from a long trip to India and Nepal. If wanted I can share pics with those interested.

I see that "not much" that I can see has happened in "Bitcoinistan" since I left.

I will mention that NO ONE has heard of Bitcoin save ONE person in our tour group (18 of us total).

Bitcoin may be BIG in China, but not in India (certainly not Nepal, now under a fuel embargo by India -- complicated).

India IS progressing faster than I woulod have guessed, they have seen the light re infrastructure (and other things to advance, you know, things like economic freedom, etc.) and of course a relatively tranquil democracy. But, BTC ain't ready for primetime there. Pity.

i dont think so,you guys said as tourism who came to india,and you said bitcoin in india weak and not for long time,its not objective in my opinion,i will fully believe if indians people said this,it will be real fact.

romero121

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Quote from: Oscoda on March 07, 2016, 11:28:14 AM

Quote from: Mitchow on March 06, 2016, 10:17:12 AM

Quote from: martinacar on March 06, 2016, 09:50:18 AM

Quote from: fruitcommander on March 06, 2016, 09:31:56 AM

Quote from: justspare on March 06, 2016, 04:18:46 AM

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.

In the major cities you see Indian is like the west. Really into technology internet etc. The urban cities and villages has some catching up to do.
Give them 5-10 years and you will see how India will flourish.

That's true India is a developing country, and the best thing is the majority of Indian population is youth, So youth will always be keen to learn new things, and things will change in future for sure.

You will never know what can happen later in the future. But I think it will come soon to India.
Bitcoin is becoming more popular and that is very good. Also for the economy and Bitcoin. Now we must only hope that it will be more worth later in the future.

Exactly said, Bitcoin is growing and getting adoptions from India equal to western countries. This will continue and as said not only cities are growing equal to west, small towns too getting few necessary things like internet and getting digitalized.

Topic: Bitcoin in India? Not for a LOOOOONG time. - page 10. (Read 14697 times)