Topic: Bitcoin in India? Not for a LOOOOONG time. - page 9. (Read 14730 times)
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.
there is no doubt about this that India and Pakistan are the to big population countries, but it is also a fact that bitcoin is still not so much popular in these two countries, if the bitcoin is introduced there hope that more people will join the world of bitcoin and the number of bitcoin users will really be increase, although some people from these countries are using bitcoin but there are very limited shops who are accepting bitcoin in their shops,
Isn't it banned in some parts of India?
I thought I saw a post about it's use is not allowed in certain areas which I find strange.
I thought I saw a post about it's use is not allowed in certain areas which I find strange.
If I'm not wrong, they didn't ban any part of India, but no mainstream businesses are accepting bitcoins as payments. Also, very less people know about bitcoins and their benefits in India. As of now, bitcoins are used mostly in online gambling, so not many people know about bitcoins in the world itself, not just in India.
That's true I am from India and very few people are using it, they have heard about it but don't prefer to invest their money in it as they have fear of loosing it in long run.
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Are there any Bitcoin ATMs or exchanges in India? How about members of localbitcoins -- say outside of Mumbai or New Delhi?
Being able to purchase Bitcoin seems to be of prime importance for it to grow in India.
* * *
What physical items can be bought with Bitcoin in India?
Merchant acceptance of Bitcoin seems to be the other matter of prime importance.
Are there any Bitcoin ATMs or exchanges in India? How about members of localbitcoins -- say outside of Mumbai or New Delhi?
Being able to purchase Bitcoin seems to be of prime importance for it to grow in India.
* * *
What physical items can be bought with Bitcoin in India?
Merchant acceptance of Bitcoin seems to be the other matter of prime importance.
hello,
There are no bitcoin ATM untill now anywhere in India as per my knowlege. But we can buy from firms such as Unocoin and Zebpay which work like exchanges but only deal in exchanging bitcoin for Indian Rupee and Visa versa.
I have seen the mobile phone explosion in India and how people started using GPRS. 2G/ 3G and apps such as whatsapp and facebook. It was, quite frankly very surprising for me. It started with the young generation taking it up and then slowly it gained mass popularity.
I believe that will be the same case. I know fee people who deals with bitcoin India, even they consider it as investment and they don't use it for payments. I personally came into cryptos and my first transaction was with doge coin. The reason was doge is cheaper and faster.
I can say that in the next 5 to 10 years we can see a big explosion of bitcoins in India. Especially with the Digital India programme of PM Modi.
Expect people from 3rd world countries to adapt to bitcoin probably a decade late compared to people from 1st world countries.
why you say in india not long time
its india and nepal its not understand not hear about bitcoin so what, your have bitcoin you can sell international market exchanger, btce, huobi,okcoin and much more exchanger
what is your benifid its say bitcoin not for long time ?, your say not longterm is indian people follow your sugest and sell all bitcoin
price bitcoin will down
its india and nepal its not understand not hear about bitcoin so what, your have bitcoin you can sell international market exchanger, btce, huobi,okcoin and much more exchanger
what is your benifid its say bitcoin not for long time ?, your say not longterm is indian people follow your sugest and sell all bitcoin
price bitcoin will down
I would agree on a certain terms with you, but ofcourse considering the age of this post there has been recent changes and mass exchanges of Bitcoins happening by over 50,000 people in India and over 30,000 actively trading (as per a report by Moneycontrol). I understand this isn't a big number considering the overall population size, but if adoption slowly starts increasing, we may soon start to see it at many places.
Isn't it banned in some parts of India?
I thought I saw a post about it's use is not allowed in certain areas which I find strange.
I thought I saw a post about it's use is not allowed in certain areas which I find strange.
If I'm not wrong, they didn't ban any part of India, but no mainstream businesses are accepting bitcoins as payments. Also, very less people know about bitcoins and their benefits in India. As of now, bitcoins are used mostly in online gambling, so not many people know about bitcoins in the world itself, not just in India.
...
Are there any Bitcoin ATMs or exchanges in India? How about members of localbitcoins -- say outside of Mumbai or New Delhi?
Being able to purchase Bitcoin seems to be of prime importance for it to grow in India.
* * *
What physical items can be bought with Bitcoin in India?
Merchant acceptance of Bitcoin seems to be the other matter of prime importance.
Are there any Bitcoin ATMs or exchanges in India? How about members of localbitcoins -- say outside of Mumbai or New Delhi?
Being able to purchase Bitcoin seems to be of prime importance for it to grow in India.
* * *
What physical items can be bought with Bitcoin in India?
Merchant acceptance of Bitcoin seems to be the other matter of prime importance.
Isn't it banned in some parts of India?
I thought I saw a post about it's use is not allowed in certain areas which I find strange.
I thought I saw a post about it's use is not allowed in certain areas which I find strange.
i am a indian and i joined bitcoin network in 2010year i know every possibly normal humans in india they belive in bajks but not in bitcoin they say its a ponzie scheam or will became one soon i belive they are not understanding or dnt want to.
To be honest even I was not aware about bitcoin in 2010, I joined in 2015 and successfully earning bitcoins at a moment, and even in my country the scenario is same as of yours.
i am a indian and i joined bitcoin network in 2010year i know every possibly normal humans in india they belive in bajks but not in bitcoin they say its a ponzie scheam or will became one soon i belive they are not understanding or dnt want to.
I am from India and I don’t think so. Yes, it will take time for common people to use it frequently but it’s not really that big not really that loooong time. There are almost 10,000 people using bitcoins in India (a country with 1.25 billion population having majority of citizens under age 35).
So instead of considering it as obstacle, I would see it as a golden opportunity. Now to build awareness about bitcoin, we need to spread technology of digital payments (which is different from bank) it’s something digital wallets with fiat in it. Once people understand and get used to it then it won’t be much tough to adopt bitcoin for them.
Considering current government’s approach, potential of young population, development of bitcoin and efforts of current bitcoin users, I think it’s not that loooong.
So instead of considering it as obstacle, I would see it as a golden opportunity. Now to build awareness about bitcoin, we need to spread technology of digital payments (which is different from bank) it’s something digital wallets with fiat in it. Once people understand and get used to it then it won’t be much tough to adopt bitcoin for them.
Considering current government’s approach, potential of young population, development of bitcoin and efforts of current bitcoin users, I think it’s not that loooong.
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 seeThe 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 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
Majority of People from India are not aware about the bitcoins yet, and even if they have heard about it many of them prefer to stay away from it as they lack knowledge how to get into it and start using it.
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.
But they have to learn how to use it and sometimes it is hard to know that but just learn also from your mistakes.
That´s not new why don´t you think there isn´t any store that accepts the bitcoin in that kind of country.
Because they don´t even has enough normal gold. The best way to reach them is to make sure the coin gets many more publicity.
Because they don´t even has enough normal gold. The best way to reach them is to make sure the coin gets many more publicity.
I think majority of youth in India are aware about bitcoin and already part of this forum, the only issue is that there is no physical shop that accepts bitcoin as a mode of payment.
That´s not new why don´t you think there isn´t any store that accepts the bitcoin in that kind of country.
Because they don´t even has enough normal gold. The best way to reach them is to make sure the coin gets many more publicity.
Because they don´t even has enough normal gold. The best way to reach them is to make sure the coin gets many more publicity.
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.
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..
But for that the people working in those institutes should be aware about the bitcoins then only then can guide them, and if they are not aware about it too then we cannot expect anything from them.
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