Topic: Bitcoin Prices In India Is Higher (Read 294 times)
Where there is a demand is high of any particular thing and the new user of that thing is increasing day by day then it is natural that the price of that thing will high from the average price than the other place. that's why this is also happening in the india and price of bitcoin is very high for buying and selling against the fiat money exchange.
I think it's good news for bitcoin investors, Which is the bitcoin price on Indian exchanges, and indicates that people are now using bitcoin to move money and the bitcoin price on Indian exchanges includes fee. How long have they been using bitcoin? No-one knows, but it is an interesting development.
The prices were higher in india than internarional market due to demand being higher in asian countries till the date RBI announce all the banks coming under its regulation not to deal in crypto entities and after that prices fell down drastically but now they are again rising after the situation is coming under control.Hope for its betterment.
The Chinese government is still devaluing their Yuan currency, which causes people to move their wealth out of the Yuan into bitcoins. This is done to protect the value of the wealth they collect. Bitcoin is also famously used by Chinese people to flee their funds abroad.
Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.
Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
Is this really possible,thay indias bitcoin price is higher by 20% than our countries?but as far as i know lots of of issues going on in india,and there a banning news that soon to be implemented so how come that this high price might happen?and even if the price is high its no use when time of banning comes. Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
Is the trend still holds true? I see the thread was opened last March when we haven't heard any FUD yet regarding India's government stand on bitcoin and crypto, but lately we have seen RBI issuing statement against doing any financial transactions involving crypto.
There's been also some news about India officially creating its own blockchain project for noticing fake pharmaceutical products. As for the prices and the demand - that can be easily checked. Bitcoin's current price is usd is $7930. Zebpay trades bitcoin to Indian rupee on the price of ₹ 494,500. This gives us the information, that in usd the current btc price for India is $7565, which is actually 5% down from the general price situation. I guess the high demand is not there anymore, even though people keep writing the opposite in this thread.
Is the trend still holds true? I see the thread was opened last March when we haven't heard any FUD yet regarding India's government stand on bitcoin and crypto, but lately we have seen RBI issuing statement against doing any financial transactions involving crypto.
There's been also some news about India officially creating its own blockchain project for noticing fake pharmaceutical products. As for the prices and the demand - that can be easily checked. Bitcoin's current price is usd is $7930. Zebpay trades bitcoin to Indian rupee on the price of ₹ 494,500. This gives us the information, that in usd the current btc price for India is $7565, which is actually 5% down from the general price situation. I guess the high demand is not there anymore, even though people keep writing the opposite in this thread. 
Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.
Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
Its true that there is huge demand for bitcoins india as its quite natural for a highly populated country like india to have such a demand.Until now india government and RBI have not clearly announced that bitcoin is illegal.But they have an idea of launching their own digital currency Lakshmi.At such instance,bitcoin may get announced as illegal in india which would decrease its demand hugely. Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
In India, bitcoin is considered legal. The demand for bitcoin in India is much higher than in the rest of the world. Bitcoins in India have performed well. The major Indian Bitcoins, including Zebpay, Coinsecure and Unocoin, have operated in the form of self-regulatory trading. These floors are trading with strict KYC regulations with on-site anti-money laundering systems despite the lack of industry regulations and pre-market math.
Lol op. You think that the Indian government can ban bitcoin? No government in this world can ever truly ban bitcoin(China tried and failed recently). One more thing is that the Indian government only advised people to be careful with crypto and never officially banned bitcoin(Which is not possible anyway).:cool:
Is the trend still holds true? I see the thread was opened last March when we haven't heard any FUD yet regarding India's government stand on bitcoin and crypto, but lately we have seen RBI issuing statement against doing any financial transactions involving crypto. That's why I'm asking because members are still commenting as such that the trend is still holding.
If this is still true then I can speculate that because of the "ban" of RBI the Indian crypto community still wanted to trade maybe OTC or localbitcoins, but I don't know if this has a drastic effect on the price of bitcoin in Indian market though, But we all know that India is one of the most populous nation so I wouldn't be surprise that even a 1% of them going to bitcoin will push the price on their local market.
If this is still true then I can speculate that because of the "ban" of RBI the Indian crypto community still wanted to trade maybe OTC or localbitcoins, but I don't know if this has a drastic effect on the price of bitcoin in Indian market though, But we all know that India is one of the most populous nation so I wouldn't be surprise that even a 1% of them going to bitcoin will push the price on their local market.
i haven't checked their prices recently so i am not sure what is going on over there these days but the reason why the bitcoin price was higher in India was because they are practically cut off from the rest of the world so there is no in-flow of bitcoin so the supply of bitcoin in India has been scarce while the demand for it kept on rising hence the price kept on rising a lot bigger than the rest of the world.
this is actually a pretty good example for supply and demand.
Is the trend still holds true? I see the thread was opened last March when we haven't heard any FUD yet regarding India's government stand on bitcoin and crypto, but lately we have seen RBI issuing statement against doing any financial transactions involving crypto. That's why I'm asking because members are still commenting as such that the trend is still holding.
If this is still true then I can speculate that because of the "ban" of RBI the Indian crypto community still wanted to trade maybe OTC or localbitcoins, but I don't know if this has a drastic effect on the price of bitcoin in Indian market though, But we all know that India is one of the most populous nation so I wouldn't be surprise that even a 1% of them going to bitcoin will push the price on their local market.
If this is still true then I can speculate that because of the "ban" of RBI the Indian crypto community still wanted to trade maybe OTC or localbitcoins, but I don't know if this has a drastic effect on the price of bitcoin in Indian market though, But we all know that India is one of the most populous nation so I wouldn't be surprise that even a 1% of them going to bitcoin will push the price on their local market.
What caused this to happen? When the price of Bitcoin in the Chinese market declines, in India it rises on the demand of Bitcoin and the consistent growth of Bitcoin trade volume every day.
Such a situation prevailed in India when the price of bitcoin continued to grow higher and higher towards the ath $20000. Recently when the price of bitcoin fell low, the market situation in India is worse with the value less than that of the other trading market. Now with the sudden price increase price might have pumped higher than the market value.
It is very possible and it is for a very simple and clear reason, I have noticed that in India there is a lot of demand for Bitcoin buyers, there are many, and the simple law of higher demand less supply and less supply is more likely that the price is increased because everyone wants to get bitcoin! That is the main reason for me and without doing a corresponding market study.
Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.
Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
Do we have any proof to it? It should be stopped. When people really understand the need and wish to buy bitcoin, they should be treated truly which would in turn bring more people into crypto community. I am sure you understand it. What would happen when they realize that you cheated them by getting extra amount for the coin they bought. Obviously the business would ruin itself down the line. Let's prompt and keep in mind the reason it was found for
Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.
Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
Anything that can be traded without any tariffs or restrictions on the international markets should carry a premium in India.
This is due to RBI's foreign exchange controls. I'm not 100% sure what exactly they are, but I know that they exist and which is why the market is willing to pay a higher price for bitcoin or altcoins within India.
It's a bit like China, where BTC prices are inflated as well sometimes compared to overseas, due to the fact that citizens can only exchange up to $50k USD worth of foreign exchange per year from CNY and BTC acts as a gateway to get capital out.
Not surprising, though. Been a trend since India started trading BTC. Nothing to speculate on either.
Bitcoin is not the only thing that has a higher price than that in the international markets. Anything even closely related to tech has a higher price varying from 10% to 300% more than what the average price. And I shouldn't be surprised by this because of the mining craze in India. It's believed that India has cheap electricity costs and mining could really seem profitable in the long run whereas the truth is otherwise.
Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
I don't see anything wrong about the Indian exchanges getting up some huge support from its servicing country. If there is anything about it, it is good news and it only stems out into other different positive events such as more and more companies would soon start to recognize bitcoin fully and might integrate them into their system. If the government sees a huge demand about something, the first impression of those who are seated is to study it and issue warnings that it can be another fad just to fade; regulations would soon follow so as to ensure that fraud is minimized if not completely stopped. Good for Indians since they are seeing a huge adoption on the cryptocurrency and companies are only following what's the trend after all so there's that.
Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.
Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
Yes I true because India is also one of the big market in economy and bitcoin can be adjust very easily in India because its population is also very large in number but I think it’s good for other countries as well if bitcoin is going to be more strong so its price will also be high which is very good so I think we must be happy if bitcoin price is high in India and in coming time bitcoin will be acceptable in many countries. Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
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