Forget China, India will be next - page 2.

saif92

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Quote from: Eotnak on May 16, 2014, 01:09:57 PM

Quote from: Malin Keshar on May 15, 2014, 08:15:38 PM

Quote from: kokojie on May 15, 2014, 03:02:15 PM

There's nearly zero adoption in India, no nodes, no miners, no exchange, no infrastructure, nothing. I don't see it changing any time soon.

That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up

A room full of natural gas needs more than a spark to blow up...it needs oxygen.
Just like a country needs more than a lot of people for bitcoin to blow up there.

I don't think Indian economy have any impact on bitcoin because central agencies already raided exchanges and Central government not allowing exchanges to work openly

Eotnak

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Quote from: Malin Keshar on May 15, 2014, 08:15:38 PM

Quote from: kokojie on May 15, 2014, 03:02:15 PM

There's nearly zero adoption in India, no nodes, no miners, no exchange, no infrastructure, nothing. I don't see it changing any time soon.

That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up

A room full of natural gas needs more than a spark to blow up...it needs oxygen.
Just like a country needs more than a lot of people for bitcoin to blow up there.

hellscabane

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Quote from: beetcoin on May 15, 2014, 08:20:48 PM

Quote from: Malin Keshar on May 15, 2014, 08:15:38 PM

Quote from: kokojie on May 15, 2014, 03:02:15 PM

There's nearly zero adoption in India, no nodes, no miners, no exchange, no infrastructure, nothing. I don't see it changing any time soon.

That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up

seems to me that india has less of a financial or entrepreneurial spirit than a country like china though. i don't think it'll grow seemingly overnight like it did in china.. but who knows, maybe i'm wrong.

I mostly agree with this sentiment. Historically growth in India has been slower because of the social systems and the constant status quo of disparity. So it'll be hard to gain lasting penetration.

However, this disparity has burgeoned a small group of people who are quite financially adept (i.e. the people who run the major in-house IT companies, and there are a few of them). So there is definitely a market that can be tapped into.

beetcoin

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Quote from: Malin Keshar on May 15, 2014, 08:15:38 PM

Quote from: kokojie on May 15, 2014, 03:02:15 PM

There's nearly zero adoption in India, no nodes, no miners, no exchange, no infrastructure, nothing. I don't see it changing any time soon.

That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up

seems to me that india has less of a financial or entrepreneurial spirit than a country like china though. i don't think it'll grow seemingly overnight like it did in china.. but who knows, maybe i'm wrong.

Malin Keshar

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Quote from: kokojie on May 15, 2014, 03:02:15 PM

There's nearly zero adoption in India, no nodes, no miners, no exchange, no infrastructure, nothing. I don't see it changing any time soon.

That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up

hellscabane

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Quote from: Davis14 on May 15, 2014, 06:38:56 PM

Am I sensing a new bubble for btc?

Yes, a very, very, very tiny bubble. But hey, a bubble's a bubble right?

Davis14

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Am I sensing a new bubble for btc?

beetcoin

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i don't see india quite as money hungry or ambitious like china. seems to me that there is something in asian cultures that likes non-manmade commodities.. i mean, china has a history of loving their gold.

at this point, i think the most important thing is to establish bitcoin's presence in the poorer countries with unstable currencies.

jc01480

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Nope..

Quote from: pandher on May 15, 2014, 04:48:33 PM

India is never going to be a suitable market for bitcoin

Don't make me call the help desk and ask them! Lol

Bibop

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Quote from: kokojie on May 15, 2014, 03:02:15 PM

There's nearly zero adoption in India, no nodes, no miners, no exchange, no infrastructure, nothing. I don't see it changing any time soon.

+1

doubt their ability to change at their situation..

newIndia

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Quote from: gentlemand on May 15, 2014, 02:25:34 PM

They've already done their share of banning.

No, they never banned Bitcoin. Read the Central bank's circular => http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30247

pandher

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Stagnation is Death

India is never going to be a suitable market for bitcoin

kokojie

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There's nearly zero adoption in India, no nodes, no miners, no exchange, no infrastructure, nothing. I don't see it changing any time soon.

gentlemand

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Welt Am Draht

They've already done their share of banning.

russokai

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Yes India will be next.....next to ban bitcoin and crush the price.

neighborrr

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The Chinese government are going to regret trying to completely stop any real BTC development there!

jc01480

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Nope..

What I fear is the global turmoil that will ensue as a result of people, who've never before had access to an economic equalization system, gaining access to one that cannot be manipulated by their respective governments. Man, I'm glad I'm out of the military.

I pray for a peaceful implementation of the principles of Bitcoin in all markets that will have it.

Lauda

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Terminated.

Quote from: maikelblogo on May 15, 2014, 11:24:55 AM

Quote from: cuddaloreappu on May 15, 2014, 11:14:28 AM

Quote from: Ron~Popeil on May 15, 2014, 10:02:27 AM

I have been to India. The caste system would never allow bit coin to thrive. The mere thought of the lower classes having wealth not controlled by the upper echelon would be unpalatable.

+1..well said..the caste system is the greatest evil on the planet...some Mothers kill their own daughter in the name of honor killing if the daughter married a boy from another caste.

I don't think so. India's cast sistem will adopt very well the bitcoin for cast issues. They can adopt everything wich is good for the health of economy.

However, if it's hard as you say. No matter.

US$ 100.000,00? Shocked

Maybe not for this year, i hope so at the end of 2015 if banning won't come thru before....

At the end of this year. The bitcoin will be from to 15.000 to 25.000 only in a optimistic case...

Well it can be worth $1,000,00 or any number that is. Because the inflation levels are slowly killing the USD. I'd like to see Bitcoin worth much more before that happens.

innocent93

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Quote from: hellscabane on May 15, 2014, 11:52:38 AM

Quote from: innocent93 on May 15, 2014, 11:47:27 AM

India has a population that above 10 billions,However, the size of economy is too small.

What? Where did you get that the population of India is over 10 billion?

Anyhow, yes, as many others would agree, the economy is quite small and their financial markets are not as developed as many of the other countries that could make an impact.

Sorry , just made a mistake.It should be “Over billion”

hellscabane

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Quote from: innocent93 on May 15, 2014, 11:47:27 AM

India has a population that above 10 billions,However, the size of economy is too small.

What? Where did you get that the population of India is over 10 billion?

Anyhow, yes, as many others would agree, the economy is quite small and their financial markets are not as developed as many of the other countries that could make an impact.

Topic: Forget China, India will be next - page 2. (Read 3879 times)