Bitcoin in India? Not for a LOOOOONG time. - page 8.

btvGainer

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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.

India is a big country and to speak about it by visiting it for a short trip is not sensible.I agree that bitcoin may be more popular in china but indians are also catching up fast with bitcoin

HarryKPeters

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Quote from: ekoice on September 15, 2016, 12:46:34 PM

In our India, Bitcoin is only familiar to people related to IT Sectors.

Its unfortunate that indians are not familiar with bitcoins when neighbour country china dominates in Bitcoin mining.

Indians must be made familiar to bitcoins through social websites.

There is a huge population of middle class people who still dont know the potential of bitcoin and how dramatically it could change their lives

I think this applies in most countries. Bitcoin needs yet to get traction to other sectors.
So far IT is ruling in the bitcoin user scene. But then India has a very large IT sector so it may be the perfect country for bitcoin adoptoin.

ekoice

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In our India, Bitcoin is only familiar to people related to IT Sectors.

Its unfortunate that indians are not familiar with bitcoins when neighbour country china dominates in Bitcoin mining.

Indians must be made familiar to bitcoins through social websites.

There is a huge population of middle class people who still dont know the potential of bitcoin and how dramatically it could change their lives

bitlancr

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Maybe your asking the wrong kind of people/generation and also the pool of people you asked is too small to actually make a judgement.
If you take a pool of 100 people between 20-30 then alot more people would say they know it then instead 18 people between 30-60.

JeffBrad12

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Quote from: Taki on September 12, 2016, 01:52:41 AM

I was thinking that in such country as India where lot of people live poor life Bitcoin has to be very popular. Yes not everyone can allow to buy a computer or telephone there, but those one who has it, for that person bitcoin would be nice way for undervorking and making money. Well, as in any other country where 100-200$ per month means as good salary.

well, bitcoin will very helpful for the poor people in Indiana because comparing with their currency bitcoin will be more valuable, and i think for accepting bitcoin is not needed a super computer for to do that.

Taki

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I was thinking that in such country as India where lot of people live poor life Bitcoin has to be very popular. Yes not everyone can allow to buy a computer or telephone there, but those one who has it, for that person bitcoin would be nice way for undervorking and making money. Well, as in any other country where 100-200$ per month means as good salary.

zimmah

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Quote from: spirit of btc on December 06, 2015, 03:29:00 AM

I am an Indian, Bitcoin is not that famous in India. People always prefer currency notes to cards, so having a mobile wallet is like far from reach. Only the younger generation is getting to know about bitcoin.

But I heard india has relatively many young people.

so that's a good thing.

MTBTT

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Quote from: tygeade on September 08, 2016, 11:28:23 AM

Quote from: ontrackk on September 08, 2016, 11:04:36 AM

Quote from: streazight on May 03, 2016, 12:45:19 PM

Quote from: hawkins on May 03, 2016, 12:41:54 PM

Quote from: spirit of btc on December 06, 2015, 03:29:00 AM

I am an Indian, Bitcoin is not that famous in India. People always prefer currency notes to cards, so having a mobile wallet is like far from reach. Only the younger generation is getting to know about bitcoin.

Well, it's just like in my country. bitcoin in my country is not well known, they only say bad about bitcoin if they see

The current minister of the Reserve Bank of India was the responsible behind driving Paypal out of India and also introducing In INDIA the BITCOINS
Currecny

i think that it is a really good thing, in my opinion india might become even stronger if people will adopt the bitcoins as their currency

Yeah that's a great news for Indians and the population of India is very high so even is small percentage of people will start using it then it can have a great impact on the price of bitcoins.

I think not only on you. but I see a lot of countries are beginning to look start using bitcoin. perhaps only a few people in a country. but I'm sure it will grow Cheesy

Colt22

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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.

If that is really true then we cannot say that india is on its track of development because now the world is shifting to digital world and on that world everyone know about bitcoin so in that case if someone do not know about bitcoin then i do not we have to call them as successful or developed.

Superbitzz

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i think bitcoin is good in India, as a lot of people in India are using bitcoin. but i think if we compare the population of India with the number of people who are using bitcoin, there is big difference, i think there sill people need more information about bitcoin and should be introduce in such an where most of the people have no idea.

posternat

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Quote from: dihari on September 08, 2016, 11:38:29 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.

Yes you are absolutely right, Bitcoin is the currency of the next generation. When the next generation will grew up, they will only have bitcoins as the mode of transaction and perhaps by then Fiat will be ended.

Siatald

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Quote from: dihari on September 08, 2016, 11:38:29 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.

I think the bitcoin is still very young. More people will know that as time goes on and more people will invest in it.

dihari

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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.

tygeade

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Quote from: ontrackk on September 08, 2016, 11:04:36 AM

Quote from: streazight on May 03, 2016, 12:45:19 PM

Quote from: hawkins on May 03, 2016, 12:41:54 PM

Quote from: spirit of btc on December 06, 2015, 03:29:00 AM

I am an Indian, Bitcoin is not that famous in India. People always prefer currency notes to cards, so having a mobile wallet is like far from reach. Only the younger generation is getting to know about bitcoin.

Well, it's just like in my country. bitcoin in my country is not well known, they only say bad about bitcoin if they see

The current minister of the Reserve Bank of India was the responsible behind driving Paypal out of India and also introducing In INDIA the BITCOINS
Currecny

i think that it is a really good thing, in my opinion india might become even stronger if people will adopt the bitcoins as their currency

Yeah that's a great news for Indians and the population of India is very high so even is small percentage of people will start using it then it can have a great impact on the price of bitcoins.

ontrackk

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Quote from: streazight on May 03, 2016, 12:45:19 PM

Quote from: hawkins on May 03, 2016, 12:41:54 PM

Quote from: spirit of btc on December 06, 2015, 03:29:00 AM

I am an Indian, Bitcoin is not that famous in India. People always prefer currency notes to cards, so having a mobile wallet is like far from reach. Only the younger generation is getting to know about bitcoin.

Well, it's just like in my country. bitcoin in my country is not well known, they only say bad about bitcoin if they see

The current minister of the Reserve Bank of India was the responsible behind driving Paypal out of India and also introducing In INDIA the BITCOINS
Currecny

i think that it is a really good thing, in my opinion india might become even stronger if people will adopt the bitcoins as their currency

DomesticTrader

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Also india is a growing country they growed allot in the past view years and you can see that by all kind of things internet infrastructure everything is ghetting better so the bitcoin also growing over there.

Cozynunu

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There are also allot of people in idia using bitcoins i dont know how much but what i know is that india is growing allot the last years so the bitcoin will also grow over there

Dudeperfect

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Quote from: bryant.coleman on August 20, 2016, 10:59:24 AM

Just to inform everyone.... The governor of the Reserve Bank of India (Raghuram Rajan) has been replaced with Dr. Urjit R. Patel. Rajan was fiercely against BTC, and he closed down many BTC-based ventures in India. I don't know much about the new governor, but I just hope that he will be more sympathetic to our cause.

It's interesting to see how the new governor will treat bitcoin and overall cryptocurrency. I think Rajan was the reason of restrictions on paypal and other such services.

Now let's see how prime minister's monetary schemes like Digital India, Focus on cashless transactions & foreign investment policies takes place. Since there are 75%+ chances of reappointment of current prime minister Mr.Modi for 2019 to 2024 in elections, any decisions will have long-term impact.

bryant.coleman

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Just to inform everyone.... The governor of the Reserve Bank of India (Raghuram Rajan) has been replaced with Dr. Urjit R. Patel. Rajan was fiercely against BTC, and he closed down many BTC-based ventures in India. I don't know much about the new governor, but I just hope that he will be more sympathetic to our cause.

stromma44

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Quote from: gilangIDR on August 20, 2016, 09:51:15 AM

I think bitcoin growing internationally. and if India does not allow the circulation of bitcoin then people in India still can deal. as long as they have internet access then they can do anything.

Yeah bitcoin is decentralized currency and anyone can use it, if they have access to internet then using bitcoin is not a big deal, and they can use even if they don't get support from the Government.

Topic: Bitcoin in India? Not for a LOOOOONG time. - page 8. (Read 14697 times)