Just for curiosity, where do you buy and sell your coins? Is it not possible for indians to use international exchanges like bitstamp or chinese exchanges?
I am monitoring unocoin for some weeks now, and the price is currently 300$ higher (~1030$ vs. ~730$), than on international exchanges. Clearly, the bitcoin supply and volume on indian exchanges is still relatively low compared globally. And if indians have no possibility to trade internationally, then there is/are no new money/bitcoins coming into the country, which would explain this difference.
the prices are quite high since the demonatisation of the 500 and 1000 rupees notes ,i hope people are investing in bitcoin in fears and rumours that government will be imposing a ban and restrictions even to gold and i dont know how accurate this rumours are. One thing i would like to know is that is it possible to trade in unocoin now or just allow to sell the coins and transfer the money to your bank account. I am monitoring unocoin for some weeks now, and the price is currently 300$ higher (~1030$ vs. ~730$), than on international exchanges. Clearly, the bitcoin supply and volume on indian exchanges is still relatively low compared globally. And if indians have no possibility to trade internationally, then there is/are no new money/bitcoins coming into the country, which would explain this difference.
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