Bitcoin in India? Not for a LOOOOONG time. - page 11.

Oscoda

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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.

qiwoman2

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There are a lot more people in China Internet Savvy and using computers but in India you have more of the younger generation using computers so that also can be a prime reason for why it hasn't taken off so well in India as opposed to China. There are many other social and cultural and political reasons too which make Bitcoin something as a strange concept and too complicated. Most Indians want to own tangible wealth like gold etc so wrapping their head around bitcoin may seem too far fetched for many. Tecy types and people working online though in India love Bitcoin.

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Quote from: y8tvkid on March 06, 2016, 10:20:54 PM

What you are saying is true, but I have a friend from India, I told him about the bitcoins, but he didn't agree to invest into it, so I think that would be the case with the majority of the population of India, they won't get convinced very soon.

you're just telling bitcoin to the wrong person who don't even get an interest to invest anything or atleast spend his little money to buy something for saving in the future and from your friend's point of view,he would say "what the hell is bitcoin and why i'd need to invest to this thing"

kartaggen

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Quote from: TastyChillySauce00 on March 06, 2016, 11:08:57 PM

Quote from: y8tvkid on March 06, 2016, 10:20:54 PM

What you are saying is true, but I have a friend from India, I told him about the bitcoins, but he didn't agree to invest into it, so I think that would be the case with the majority of the population of India, they won't get convinced very soon.

you're just telling bitcoin to the wrong person who don't even get an interest to invest anything or atleast spend his little money to buy something for saving in the future and from your friend's point of view,he would say "what the hell is bitcoin and why i'd need to invest to this thing"

So is it easy for you to convince people around you who are not tech friendly? Majority of the people will react in the same way as they have good job and good source of income they really don't care what the hell bitcoin is all about.

y8tvkid

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Quote from: sishendaoye on March 06, 2016, 10:46:24 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 will happen in the future. The world is becoming now more modern and digital.
I think some people have Bitcoin in India and of course not that much have Bitcoin, but that will change.

Even a small proportion of Indian population are holding or using bitcoins that can make a vast difference in future if they recommend it to their friends and family as the population of India is very high, even if few proportion start using it, it can have a positive impact on user adoption.

What you are saying is true, but I have a friend from India, I told him about the bitcoins, but he didn't agree to invest into it, so I think that would be the case with the majority of the population of India, they won't get convinced very soon.

sishendaoye

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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 will happen in the future. The world is becoming now more modern and digital.
I think some people have Bitcoin in India and of course not that much have Bitcoin, but that will change.

iamthesky

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Quote from: BellaBitBit on March 06, 2016, 10:20:21 AM

Quote from: kacak41 on March 03, 2016, 05:05:10 AM

Quote from: aardvark15 on March 02, 2016, 06:42:29 PM

My guess is that most people where I am (rural America) either haven't heard of bitcoin or have heard of it but don't really know what it is. It's probably the same all over the world.

That's true we are facing same problem everywhere, in my country people have heard about bitcoins but haven't used it, as they are not getting any guidance from the people who are using it, and we know that getting into bitcoins needs initial guidance and give proper knowledge related to bitcoins.

Yes same thing here in America, even in cities. I am friends with people that work in tech in Seattle at Amazon and other startups and even there people are pretty oblivious to it. This is probably common around the world.

When and if India starts getting into bitcoin that will be huge for adoption. More and more people in third world countries are using phones to access the internet and as this increases so will btc/crypto awareness.

Yeah, in India everyone is using internet on their smart phones, even small villages have access to internet, so if India start adopting bitcoins, then it can make a huge difference in bitcoin adoption.

BellaBitBit

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Quote from: kacak41 on March 03, 2016, 05:05:10 AM

Quote from: aardvark15 on March 02, 2016, 06:42:29 PM

My guess is that most people where I am (rural America) either haven't heard of bitcoin or have heard of it but don't really know what it is. It's probably the same all over the world.

That's true we are facing same problem everywhere, in my country people have heard about bitcoins but haven't used it, as they are not getting any guidance from the people who are using it, and we know that getting into bitcoins needs initial guidance and give proper knowledge related to bitcoins.

Yes same thing here in America, even in cities. I am friends with people that work in tech in Seattle at Amazon and other startups and even there people are pretty oblivious to it. This is probably common around the world.

When and if India starts getting into bitcoin that will be huge for adoption. More and more people in third world countries are using phones to access the internet and as this increases so will btc/crypto awareness.

Mitchow

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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.

tommorisonwebdesign

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There are lots of people from India that I have seen on this forum quite often. Indians are very technologically advanced. I know because I compete with Indian programmers on this forum all the time. Things are easier earning Bitcoiin when your local GDP isn't great.

martinacar

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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.

STT

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Isnt this also true in Africa but they still have found a use for mobile use and even a kind of currency spread by sms and basic mobile use ? Im not sure as I read about it a while back but I accept live electric use especially reliable source is rare in some parts of India but they can also recharge and use batteries as this is the basis of mobile tech.

Ive seen discussions of solar power which for a limited amount does provide some elec use in the back of beyond with no fixed links to infrastructure. So I would not put off bitcoin in India completely despite the obstacles, if there is a genuine need and big IF bitcoin is useful to these people then I believe it will come sooner then expected

fruitcommander

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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.

TPTB_need_war

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Smart phone penetration is 20% already in India and 2nd largest smart phone market in the world:

http://qz.com/608005/india-has-overtaken-the-us-to-become-the-worlds-second-largest-smartphone-market/

I will penetrate India with crypto currency. They key is giving them a reason to use it on their smart phones. It has to relate to what they want to use their smart phones for.

It won't be a "LOOOOONG time". The shift will be quite rapid once it begins.

Who cares about Bitcoin, it is dying.

justspare

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

faridkifly

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maybe soon they will know bitcoin.
in fact that was not a matter of race. but it is the person, if they want to open their eyes of virtual currency they will know as soon as possible

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Quote from: BTCBinary on March 01, 2016, 12:43:43 AM

India is the worlds biggest democracy. There are a lot of cryptocurrency companies in india,
So I'm positive about the future of digital currencies in the country.

Though India is world's biggest democracy, with various cryptocurrencies the adoption of Bitcoin is very low. The reason I found is most companies initially grow and in a short time everything gets shut down with loss to the people.

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Quote from: pneumatic5 on March 01, 2016, 04:13:03 PM

Quote from: Pattart on March 01, 2016, 01:23:37 AM

India is including a large country with a very high population. we need to spread the bitcoin in india. This is very important. for accelarate adoption

Yeah, and even the small proportion of population adopts bitcoin then it can create a huge difference in overall users of bitcoin as the population is high it will add more value to the bitcoins.

Just that a lot of people are going to use BTC, won't increase its value automatically.
On a pragmatic viewpoint yes, but not in terms of market capitalization.
Here is were the second markets kick in. All stuff related to BTC, but not BTC itself.
Sites, which host exchange and wallet services, mining sites, mining equipment, just everything.
And I doubt India in its current view of cryptocurrency is going to add substantially to it.
People in India might not make the most smart impression on us western citizens,
but they know how to earn money, if its possible.

doctor877

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I think not many are aware about bitcoins, and even if they are aware they will never tell people around them that they are earning with bitcoins, and its a human nature, on one side we want user adoption and on the other side we don't want that people should start earning in bitcoins as we are earning it Angry

partysaurus

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Quote from: jokerrj on March 02, 2016, 05:06:33 PM

I have a friend in India who is working with top IT company, but when I asked him about bitcoin, he was totally blank and that gave me idea that it will take long time for India to adopt bitcoins.

top it company and dont know about bitcoins? how is that even possible. india top it companys are a joke confirmed Tongue

Topic: Bitcoin in India? Not for a LOOOOONG time. - page 11. (Read 14697 times)