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Topic: Bitcoin in India? Not for a LOOOOONG time. - page 7. (Read 14727 times)

hero member
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December 14, 2016, 01:58:52 PM
Same here in my country. I asked around 10-15 person about bitcoin. And i leave them with a question mark iN their heads. I understand that since bitcoin is just starting to introduce here. I live in a province which technology is really old but not that old. Thats one of the factors that preventing bitcoin to know here. And ithink thats the same thing in india. Some remote area there dont enough knowledge about technology. Thats why only few people are using bitcoin.

But there are countries with much less adoption about Bitcoins. India isn't too bad about Bitcoin informations... I see many of them on Facebook looking for HYIPs and fast profit methods with low investments. I risk to say the east is the place in the world with more Bitcoin enthusiasts at this moment, I see less prople from west using it.
sr. member
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December 14, 2016, 01:53:50 PM
I have heard that India is going to be number one by bitcoin users. India is the country of contrasts. In your thread you don't mention with what kind of people you have contacted there. If that was just turistic jorney then I'm sure that you haven't met anybody who know about bitcoin. I think the most bitcoin users in India are students of big colleges and universities and business people as well.
sr. member
Activity: 1232
Merit: 250
December 14, 2016, 01:50:01 PM
India is not the only one country in the world that the peoples is not familiar with bitcoin.

Indians are not that unfamiliar to Bitcoin. Check the Indian section of Localbitcoins, and you will be surprised to see hundreds of users online at any given point of time. Also, there are a lot of Bitcoin-based businesses operating out of India.

Indian are obviously not unknown to Bitcoin, but amount o users is quite less. Moreover very few peoples are interested about Bitcoin. Many people are familiar to this currency but their fear or lack of proper information holds them back from using it.
Also the exchangers charge quite more INR than the actual market rate.
legendary
Activity: 1372
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December 14, 2016, 12:36:34 PM
...

It's good to read that BTC is catching on there in India.

Perhaps the time is right (the technology and Indian people are congruent now), and perhaps Modi's mishandling of the R500 and R1000 banknotes bans have both contributed to a more rapid use of Bitcoin there than I had anticipated based on my trip (as a tourist on a guided tour).

I see no real downside to India getting large into BTC, au contraire...

terrible for Indians, but a very valuable lesson to the world....no one can declare BTC worthless

in fact those R500/1000 bills lost 55-100% of their value. BTC never did that even at the worst of times.  Grin
legendary
Activity: 3346
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December 14, 2016, 06:10:34 AM
India is not the only one country in the world that the peoples is not familiar with bitcoin.

Indians are not that unfamiliar to Bitcoin. Check the Indian section of Localbitcoins, and you will be surprised to see hundreds of users online at any given point of time. Also, there are a lot of Bitcoin-based businesses operating out of India.
hero member
Activity: 1148
Merit: 500
December 13, 2016, 11:33:27 PM
Same here in my country. I asked around 10-15 person about bitcoin. And i leave them with a question mark iN their heads. I understand that since bitcoin is just starting to introduce here. I live in a province which technology is really old but not that old. Thats one of the factors that preventing bitcoin to know here. And ithink thats the same thing in india. Some remote area there dont enough knowledge about technology. Thats why only few people are using bitcoin.
hero member
Activity: 910
Merit: 525
December 13, 2016, 11:16:12 PM
India is not the only one country in the world that the peoples is not familiar with bitcoin.
Many third world countries is just knowing bitcoin at the community online. And you know, not all people can operate computer and using Internet.
hero member
Activity: 840
Merit: 502
December 13, 2016, 08:11:00 PM
Considering this thread was made in 2015,I could say a lot has changed since then.You could visit the Indian exchange section of LocalBitcoins and see that it's almost available with buyers/sellers.I agree it hasn't reached to a point where the general public understands what bitcoin is,but certainly a lot of young entreprenurs are coming up with new ventures promoting Bitcoins in India.
Things can change very fast in the world, it was not long ago the Venezuelan government was swimming in cash with oil at 100+ dollars, now with a lower price the government is struggling to keep itself in power.
legendary
Activity: 2940
Merit: 1865
December 13, 2016, 06:58:32 PM
...

It's good to read that BTC is catching on there in India.

Perhaps the time is right (the technology and Indian people are congruent now), and perhaps Modi's mishandling of the R500 and R1000 banknotes bans have both contributed to a more rapid use of Bitcoin there than I had anticipated based on my trip (as a tourist on a guided tour).

I see no real downside to India getting large into BTC, au contraire...
full member
Activity: 196
Merit: 100
December 13, 2016, 11:56:04 AM
Bitcoin popularaity is developing day by day .and it may have happen that in the next 10 years the popularity will reach to a next level and the popular malls and shops would start accepting bitcoins ,i think we are going forward to that day to come .
sr. member
Activity: 282
Merit: 250
India is developing quite rapidly. It sings Bitcoin will soon be widely used there.
legendary
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September 23, 2016, 01:55:09 PM
Considering this thread was made in 2015,I could say a lot has changed since then.You could visit the Indian exchange section of LocalBitcoins and see that it's almost available with buyers/sellers.I agree it hasn't reached to a point where the general public understands what bitcoin is,but certainly a lot of young entreprenurs are coming up with new ventures promoting Bitcoins in India.

Being a regular visitor to India, I have used Localbitcoins in that country quite a few times. Some of the traders are quite good and well mannered. But there are some who always try to cheat. I faced issues in my trade 2-3 times. Although I got my coins back after disputing the trade, these incidents left a very bad taste. Never faced similar issues in my country.
Why does your English seem like you're an Indian ? Tongue You don't have to be in this country to use Localbitcoins ,you could sit in China and trade with a person sitting in India through localbitcoins.I doubt you have ever used it...Or you could just admit you're an Indian.
legendary
Activity: 3766
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September 23, 2016, 01:47:41 PM
Considering this thread was made in 2015,I could say a lot has changed since then.You could visit the Indian exchange section of LocalBitcoins and see that it's almost available with buyers/sellers.I agree it hasn't reached to a point where the general public understands what bitcoin is,but certainly a lot of young entreprenurs are coming up with new ventures promoting Bitcoins in India.

Being a regular visitor to India, I have used Localbitcoins in that country quite a few times. Some of the traders are quite good and well mannered. But there are some who always try to cheat. I faced issues in my trade 2-3 times. Although I got my coins back after disputing the trade, these incidents left a very bad taste. Never faced similar issues in my country.
legendary
Activity: 1750
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September 23, 2016, 01:38:40 PM
Considering this thread was made in 2015,I could say a lot has changed since then.You could visit the Indian exchange section of LocalBitcoins and see that it's almost available with buyers/sellers.I agree it hasn't reached to a point where the general public understands what bitcoin is,but certainly a lot of young entreprenurs are coming up with new ventures promoting Bitcoins in India.
hero member
Activity: 812
Merit: 500
September 23, 2016, 01:31:35 PM
As you said, i am surprised about that in India, mostly people don't know about Bitcoins, because so far as i know, a huge number of the people know about bitcoins, because i have a lot of friends on Facebook and they belong to India, and all of them know about bitcoin very well, even they guide me, So i am surprised as you said.
hero member
Activity: 546
Merit: 500
September 21, 2016, 03:17:09 AM
Bitcoin should be everywhere available globally we have the freedom of using it if they would take away the rights to be part of a bitcoin community then it would be dictature.
legendary
Activity: 3766
Merit: 1217
September 21, 2016, 02:53:31 AM
Dude, take a look of the age of people you ask.
Bitcoin is born on 2009, just peoples 17 - 35 yo with intensive online activity will know it.


No need to generalize. In my area, there are a lot of Bitcoin traders (in Localbitcoins) who are aged 50 or above. My cousin is just 15-years old, and his Bitcoin holdings are quite impressive. It is true that the 17-29 age group accounts for the majority of the Bitcoin users. But usage is spreading across race, age, and gender. And that is a very good sign!
hero member
Activity: 826
Merit: 502
September 21, 2016, 02:48:53 AM
I've encountered Indian people in gambling sites, most of them can't speak English that well, though. But they say that they really are Indian. In addition, in Facebook groups, I often see Indian people. Maybe it was just because of the area of India that OP visited. Because as I see it, there's a lot of Internet users from India.

However, even if a country hasn't been invaded by Bitcoin yet, it'll eventually come to a time when people from that country gets informed about Bitcoin. It's just a matter of time.
jr. member
Activity: 35
Merit: 7
September 20, 2016, 12:42:45 PM
India is huge. You can't say that from a small little experience like a quick visit. Jeez.

India has also a relatively high growth rate, so India could even be the first country to accept bitcoin as a nation.

India could not be the first country to accept bitcoin as a nation. It might happen to a small country like with only a few millon people.
sr. member
Activity: 378
Merit: 250
September 15, 2016, 04:39:15 PM
India is huge. You can't say that from a small little experience like a quick visit. Jeez.

India has also a relatively high growth rate, so India could even be the first country to accept bitcoin as a nation.
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