India is a good developing country
i think we will see bitcoin very similar at india in future
Topic: Do you think Bitcoins has a great future in India? (Read 4922 times)
Well,, I guess if indian accept bitcoin, definitely there will thrive bitcoin
it all depends on the state regulation of india
it all depends on the state regulation of india
India is pretty regulated, and a bit leftist.
But also there are zones there where people trade freely without much restrictions. I think in these zones bitcoin could become a bartering currency.
in india I have observed that most of the peoples do not know about the bitcoin system like today I told some of my friends about this or I should say I introduced them with this money processing system and they found it so cool but hard to learn this
Well,, I guess if indian accept bitcoin, definitely there will thrive bitcoin
it all depends on the state regulation of india
it all depends on the state regulation of india
i dont think so,and not many know about that.. but i know that india people interesting to bitcoin,and i have a friend from india..
What you said is true as of now many indian people do not have knowledge of bitcoins but only few people who into online money making programs they only know about it. Reason is as for as I know no big company or service provider are accepting bitcoin as a payment hence many people are not knowing it.
That's true big companies are aware about the bitcoins and they are already using it, but our goal is that the every individual should be aware about the bitcoins, as the individual adoption can make the difference, but when it comes to India I don't think that many would be aware about it as many of them are not tech savvy and that's the reason India is behind in the adoption of bitcoins.
i dont think so,and not many know about that.. but i know that india people interesting to bitcoin,and i have a friend from india..
What you said is true as of now many indian people do not have knowledge of bitcoins but only few people who into online money making programs they only know about it. Reason is as for as I know no big company or service provider are accepting bitcoin as a payment hence many people are not knowing it.
In my view India has a very great future for Bitcoins, because technology wise in India their are peoples who can live without food but cannot live without Tv and Mobile Phones, so when they come to know about Bitcoins, and in india online market is going very vast
If the Online Company start to use the Bitcoin Payment Option then it is sure that with a span of time most ofthe Indians will come to know about Bitcoins and Alt coins. Then you can see that how the market of Bitcoins is going to boom in India. So now it is the time to lay the Base of Bitcoins which will fetch them very good returns in future.
If the Online Company start to use the Bitcoin Payment Option then it is sure that with a span of time most ofthe Indians will come to know about Bitcoins and Alt coins. Then you can see that how the market of Bitcoins is going to boom in India. So now it is the time to lay the Base of Bitcoins which will fetch them very good returns in future.
Bitcoin can have a great future in india if there are people or a group that is willing to campaign for the use of digital currency, and the good things from the use of digital currency.
And this is not only for India but for the whole country that people do not know about digital currency and also benefit from its use
And this is not only for India but for the whole country that people do not know about digital currency and also benefit from its use
Well it does make sense.
As for the part where very few know about it. I mean if you walk outside and ask your neighbor what bitcoin is, most chances are he/she never even heard about it.
So why would another country be any different lol.
i dont think so,and not many know about that.. but i know that india people interesting to bitcoin,and i have a friend from india..
Most people are mobile in inda.
And if that means new areas of commerce to happen because of internet + bitcoin that means more transactions. Its not just good for india only, its good for all countries.
Esp developing ones that have a hard time sending money.
And if that means new areas of commerce to happen because of internet + bitcoin that means more transactions. Its not just good for india only, its good for all countries.
Esp developing ones that have a hard time sending money.
Bitcoin can have a great future in india if there are people or a group that is willing to campaign for the use of digital currency, and the good things from the use of digital currency.
And this is not only for India but for the whole country that people do not know about digital currency and also benefit from its use
And this is not only for India but for the whole country that people do not know about digital currency and also benefit from its use
yes but i think Bitcoin is Not only in India , bitcoin has also a great
future in other country if there countrymen and goverment
will use this.
future in other country if there countrymen and goverment
will use this.
Having a population of 1,300 million is a curse, if 99% of it is lacking the necessary skills. Look at China. They also have a similar population (and 3 times the land area). The Chinese government invested quite heavily in improving the technical skills of its population during the 1990s. As a result China is the world's manufacturing hub right now.
China seems to have found its strength in manufacturing, India in Software Services.
The private sector has stepped in to fill the void left by the government in skill development. Both models (government led and private-sector led) seem to work. Having said that, I don't see large scale usage/awareness about Bitcoin even among software professionals. This is surprising.
Hello Friends,
Visited India few weeks back, and as we all know that it is a highly populated country, with some very great corporates and highly educated people, Some big IT companies also have their offices in India, But for my surprise very few of the population of India are aware about the bitcoins.
What could be the reason behind it?
Lack of awareness level
Government not supporting bitcoins
Banks not supporting too
Or people resist change
Looking at the population of India, If bitcoins gets positive feedback even from the half of the population from Indians, I believe it would a win - win situation for the bitcoin community.
Visited India few weeks back, and as we all know that it is a highly populated country, with some very great corporates and highly educated people, Some big IT companies also have their offices in India, But for my surprise very few of the population of India are aware about the bitcoins.
What could be the reason behind it?
Lack of awareness level
Government not supporting bitcoins
Banks not supporting too
Or people resist change
Looking at the population of India, If bitcoins gets positive feedback even from the half of the population from Indians, I believe it would a win - win situation for the bitcoin community.
Are you insane ?? you are expecting a change in currency from half of a country where 100% of the population is closeminded ,selfish and religion addicts..
I would say even expecting more than 2% (12 million people) will not be more than a dream..
I definitely feel that bitcoin has the great potential in india, especially given the fact there are many Indians who work online, whether through owning their own business or freelancing so it would be a natural progression for anyone involved in tech or doing business online. Particularly paypal has a lot of restrictions in terms of how much can be transferred in and out of there into indian rupees. Bitcoin can fill in a very good void.
Most of the Indian freelancers don't pay any tax on their income. That is one of the reasons why the Reserve Bank of India (RBI) imposed restrictions on Paypal usage a few years ago. And if people start using some other mode of payment (such as Bitcoin) to circumvent these restrictions, then the RBI will impose restrictions on that medium as well.
I think that Bitcoins has a great future all over the world. Some parts of the world are embracing it rapidly and some aren't. Taking India's market growth into consideration, it is evident that Bitcoins will finally hit India's financial hubs as well but it will take some time before that happens.
I definitely feel that bitcoin has the great potential in india, especially given the fact there are many Indians who work online, whether through owning their own business or freelancing so it would be a natural progression for anyone involved in tech or doing business online. Particularly paypal has a lot of restrictions in terms of how much can be transferred in and out of there into indian rupees. Bitcoin can fill in a very good void.
I think that Bitcoins has a great future all over the world. Some parts of the world are embracing it rapidly and some aren't. Taking India's market growth into consideration, it is evident that Bitcoins will finally hit India's financial hubs as well but it will take some time before that happens.
Hello Friends,
Visited India few weeks back, and as we all know that it is a highly populated country, with some very great corporates and highly educated people, Some big IT companies also have their offices in India, But for my surprise very few of the population of India are aware about the bitcoins.
What could be the reason behind it?
Lack of awareness level
Government not supporting bitcoins
Banks not supporting too
Or people resist change
Looking at the population of India, If bitcoins gets positive feedback even from the half of the population from Indians, I believe it would a win - win situation for the bitcoin community.
methink given the high rate of illiteracy India would be the last country to accept bitcoin.70% Indian population lives in rural area and most of them still do not have internet how come such people will know about bitcoin is anybody's guess Visited India few weeks back, and as we all know that it is a highly populated country, with some very great corporates and highly educated people, Some big IT companies also have their offices in India, But for my surprise very few of the population of India are aware about the bitcoins.
What could be the reason behind it?
Lack of awareness level
Government not supporting bitcoins
Banks not supporting too
Or people resist change
Looking at the population of India, If bitcoins gets positive feedback even from the half of the population from Indians, I believe it would a win - win situation for the bitcoin community.
In fact, India’s population is more than the combined population of US, Russia, Canada, Mexico, Brazil, Argentina, South Africa, Japan, UK, Germany, Australia, Italy, Spain and New Zealand! 
Having a population of 1,300 million is a curse, if 99% of it is lacking the necessary skills. Look at China. They also have a similar population (and 3 times the land area). The Chinese government invested quite heavily in improving the technical skills of its population during the 1990s. As a result China is the world's manufacturing hub right now.
But in India, there is no encouragement for improving individual skills. 85% of the population falls within various reserved categories, and they don't feel the need to improve their skills, as jobs are reserved for them by the government. The remaining 15% improve their skills, so that they could migrate to Canada or the European Union.
sadly true, but I am just stating that with such a vast population, if rules and regulations are implemented the way they are intended to, proper education is provided and life skills are taught for free, there is so much room for improvement in human resources sector. The only terrible thing slowing India are the amount of time, energy and life people invest in following religions and underestimating their potential
In fact, India’s population is more than the combined population of US, Russia, Canada, Mexico, Brazil, Argentina, South Africa, Japan, UK, Germany, Australia, Italy, Spain and New Zealand!
Having a population of 1,300 million is a curse, if 99% of it is lacking the necessary skills. Look at China. They also have a similar population (and 3 times the land area). The Chinese government invested quite heavily in improving the technical skills of its population during the 1990s. As a result China is the world's manufacturing hub right now.
But in India, there is no encouragement for improving individual skills. 85% of the population falls within various reserved categories, and they don't feel the need to improve their skills, as jobs are reserved for them by the government. The remaining 15% improve their skills, so that they could migrate to Canada or the European Union.
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