India has a population that above 10 billions,However, the size of economy is too small.
Topic: Forget China, India will be next - page 3. (Read 3871 times)
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.
I am from India...the story that India will be the next for bitcoin is as aspiring as each if bitcoin reaching 100000$.
So take some grains of salt, actually lot of salt..
So take some grains of salt, actually lot of salt..
US$ 100.000,00?
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...
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 am from India...the story that India will be the next for bitcoin is as aspiring as each if bitcoin reaching 100000$.
So take some grains of salt, actually lot of salt..
So take some grains of salt, actually lot of salt..
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.
This is a good point.
I think that the upper echelon will for sure try and resist it but in a world wide system there is almost nothing they can do to stop people acquiring it.
It is somewhat akin to the situation in China though. On a global scale Bitcoin is unstoppable in regards to owning it and transacting in it, thats the beauty of a decentralized system.
What can be done is to make it harder and harder to get. Luckily with the internet and the wealth of knowledge contained within it this the ''getting" part is becoming easier and easier.
I can definitely see India becoming a huge market in Bitcoin.
But, China is not dead yet and hope it will bounce back soon after Chinese gov't soothes out on its regulation policy
But, China is not dead yet and hope it will bounce back soon after Chinese gov't soothes out on its regulation policy
India is unlikely to see game changing adoption quickly
Bot will be a factor in coming years
Step in the right direction thpugh
Bot will be a factor in coming years
Step in the right direction thpugh
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.
Indian is a big market. So i think it is the best time to Launched in India. I want to know is Bitcoin legal is India?
Why are u posting the same thing again and again ? Yes, Bitcoin is absolutely legal in India. Using it for illegal purposes is illegal, just like cash.
Indian is a big market. So i think it is the best time to Launched in India. I want to know is Bitcoin legal in India?
I've been trying to forget about China, but China can't seem to forget about Bitcoin. 
Just when you think they're out, they pull us all back in.
Just when you think they're out, they pull us all back in.
Indian is a big market. So i think it is the best time to Launched in India. I want to know is Bitcoin legal is India?
An Indian market would be strangled by their government before it got going in any meaningful way. They have capital controls in place and restrictions on gold importation.
lol.. already the Enforcement Directorate and other central government agencies have raided multiple Bitcoin businesses in India, despite some of those businesses having valid licenses. Anyway, the Indians are having a change of government tomorrow, so let's hope that the new government will be less hostile to the crypto when compared to the previous / current ones.
An Indian market would be strangled by their government before it got going in any meaningful way. They have capital controls in place and restrictions on gold importation.
Let's hope India will not follow China with banning everything related to bitcoin.
But India has so many people that are working for a salary that is $300 a year. Why would they care about bitcoin when their first and probably only priority is survining.
But India has so many people that are working for a salary that is $300 a year. Why would they care about bitcoin when their first and probably only priority is survining.
Indias GDP is 1.842 trillion USD (2012). The wealth distribution is also terrible, yes there are plenty of poor civilians but a gdp in the top 10 should answer your question. In the same way that there are homeless people and people living on the breadline in western countries who would not be interested in BTC as their main priority is to survive.
Funny thing as well is Bitcoin can actually help the homeless and less well off http://www.wired.com/2013/09/bitcoin-homeless/
Faucets and the sig campaigns on here are like a months wages to some people throughout the world.
China had only 7% of btc volume.
It wasn't as big as most people were panicking about.
India for sure is the most natural market for any cryptocurrency.
It wasn't as big as most people were panicking about.
India for sure is the most natural market for any cryptocurrency.
Another competing exchange is always good to see - competition drives up innovation and value for consumers. I have my doubts though as to whether this will really have much of an impact on Bitcoin overall - India at the moment is certainly no where near the level of China in terms of economy scales and the population there isn't exactly suited to an online cryptocurrency yet.
Let's hope India will not follow China with banning everything related to bitcoin.
But India has so many people that are working for a salary that is $300 a year. Why would they care about bitcoin when their first and probably only priority is survining.
But India has so many people that are working for a salary that is $300 a year. Why would they care about bitcoin when their first and probably only priority is survining.
300 USD a year people wont use internet, from whichever part of the world they are. So, u cant expect them to be using bitcoin.
Let's hope India will not follow China with banning everything related to bitcoin.
But India has so many people that are working for a salary that is $300 a year. Why would they care about bitcoin when their first and probably only priority is survining.
But India has so many people that are working for a salary that is $300 a year. Why would they care about bitcoin when their first and probably only priority is survining.
The Indian economy is only around 1/10th of the size of the Chinese one. So an Indian boom won't be doing any wonders to the Bitcoin sector, as the Chinese boom did earlier. Also, India is plagued by decades of corruption, red-tape and cronyism. That will make setting up Bitcoin exchanges and other services extremely risky there.
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