India opens new exchange | Bitcointalksearch.org

empoweoqwj

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Quote from: TradeAnalyst on December 23, 2013, 03:32:13 PM

I am thinking that the price of BTC is artificially maintened until trading is officially stopped in China so some chinese investors could draw at a fair price their BTC .

Its not India which will replace China + Indian people will not be so stupid to speculate on BTC the same way chinese have done + they saw the crash and will see the drop in January 2014 !

The price of BTC is not 1000 nor 500 USD because the price to produce 1 BTC by computer work is not this one at all

The real price of BTC is around 100 USD possibly less ( if no speculation come to it ) and should stay stable for a while to be completly adopted for e-commerce

Its unreal to have such a fluctuation if BTC has to become one day mainstream

Speculation on BTC will kill the very first idea of what BTC was created for

And as you all know 80% of the total value on BTC is in the hands of 20% or less ?

That's not how you arrive at a price for bitcoin. Price is based on its utility, its usefulness, not how much it costs to produce.

TradeAnalyst

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I am thinking that the price of BTC is artificially maintened until trading is officially stopped in China so some chinese investors could draw at a fair price their BTC .

Its not India which will replace China + Indian people will not be so stupid to speculate on BTC the same way chinese have done + they saw the crash and will see the drop in January 2014 !

The price of BTC is not 1000 nor 500 USD because the price to produce 1 BTC by computer work is not this one at all

The real price of BTC is around 100 USD possibly less ( if no speculation come to it ) and should stay stable for a while to be completly adopted for e-commerce

Its unreal to have such a fluctuation if BTC has to become one day mainstream

Speculation on BTC will kill the very first idea of what BTC was created for

And as you all know 80% of the total value on BTC is in the hands of 20% or less ?

empoweoqwj

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Quote from: maurya78 on December 23, 2013, 04:26:27 AM

Consistently above 9%

That is very high for a developing economy, any economy come to think of it at the moment. Still, not enough for most Indians to risk their hard-earned on bitcoin unless we have another big bubble.

maurya78

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Consistently above 9%

empoweoqwj

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Quote from: geetee on December 22, 2013, 09:10:59 AM

Quote from: Phinnaeus Gage on December 22, 2013, 12:12:03 AM

Quote from: empoweoqwj on December 22, 2013, 12:06:22 AM

Quote from: Phinnaeus Gage on December 22, 2013, 12:00:32 AM

Tired!!! Slight error in the above, but not editing out. Venue: Crown Casino DOES NOT equal CROWNCASINOGAMES.COM.

To be clear, I'm not doxxing the Indian exchange, but want to make sure that we/they all know whom we're dealing with.

Great forensic work nonetheless.

If nothing else, an Indian exchange will test the legal status of bitcoin in India.

Very true. I love India, having toured the country in '91 for three weeks, spending Christmas in Goa.

I love high-inflation countries that don't have widespread Btc adoption yet.
Japan, Argentina, and now India. Potentially huge positive development. They already love gold, wait til average Indian hears about Btc - or if they start gifting Btc instead of gold for their wedding season. Choo choo.

Japan hasn't had inflation for a generation now, please write about something you know.

What's the inflation rate in India?

sickpig

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Quote from: geetee on December 22, 2013, 09:10:59 AM

I love high-inflation countries that don't have widespread Btc adoption yet.
Japan, Argentina, and now India. Potentially huge positive development. They already love gold, wait til average Indian hears about Btc - or if they start gifting Btc instead of gold for their wedding season. Choo choo.

sorry but "high-infaltion" and "Japan" can't be on the same phrase Tongue

http://www.inflation.eu/inflation-rates/japan/historic-inflation/cpi-inflation-japan.aspx

geetee

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Quote from: Phinnaeus Gage on December 22, 2013, 12:12:03 AM

Quote from: empoweoqwj on December 22, 2013, 12:06:22 AM

Quote from: Phinnaeus Gage on December 22, 2013, 12:00:32 AM

Tired!!! Slight error in the above, but not editing out. Venue: Crown Casino DOES NOT equal CROWNCASINOGAMES.COM.

To be clear, I'm not doxxing the Indian exchange, but want to make sure that we/they all know whom we're dealing with.

Great forensic work nonetheless.

If nothing else, an Indian exchange will test the legal status of bitcoin in India.

Very true. I love India, having toured the country in '91 for three weeks, spending Christmas in Goa.

I love high-inflation countries that don't have widespread Btc adoption yet.
Japan, Argentina, and now India. Potentially huge positive development. They already love gold, wait til average Indian hears about Btc - or if they start gifting Btc instead of gold for their wedding season. Choo choo.

empoweoqwj

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Activity: 518

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Quote from: moni3z on December 22, 2013, 04:33:40 AM

Good idea except your site will be frauded out of existence because you accept soft online banking transfers. You also are using Camilla256-SHA not AES as advertised though doesn't really matter. Your emails also go directly to spam inbox should trim them of flagged material. DigitalOcean VPS hosting will grind to a halt under a lot of trading too, also I didn't notice any DDOS protection leaving you wide open to market manipulation or competitor/crazy customer attack. I wonder how you're storing all this personal data as well, with ID scans and bank account numbers being kept would be a goldmine to break into.

If it's legal there foreigners can walk into SBI/ICICI bank branches here in Canada or Europe and transfer money at the counter without an account directly to your account to buy coins http://www.money2india.eu/

That's not a good review. Doesn't sound like we have a serious attempt at an Indian exchange after all Sad

moni3z

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Good idea except your site will be frauded out of existence because you accept soft online banking transfers. You also are using Camilla256-SHA not AES as advertised though doesn't really matter. Your emails also go directly to spam inbox should trim them of flagged material. DigitalOcean VPS hosting will grind to a halt under a lot of trading too, also I didn't notice any DDOS protection leaving you wide open to market manipulation or competitor/crazy customer attack. I wonder how you're storing all this personal data as well, with ID scans and bank account numbers being kept would be a goldmine to break into.

If it's legal there foreigners can walk into SBI/ICICI bank branches here in Canada or Europe and transfer money at the counter without an account directly to your account to buy coins http://www.money2india.eu/

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: empoweoqwj on December 22, 2013, 12:06:22 AM

Quote from: Phinnaeus Gage on December 22, 2013, 12:00:32 AM

Tired!!! Slight error in the above, but not editing out. Venue: Crown Casino DOES NOT equal CROWNCASINOGAMES.COM.

To be clear, I'm not doxxing the Indian exchange, but want to make sure that we/they all know whom we're dealing with.

Great forensic work nonetheless.

If nothing else, an Indian exchange will test the legal status of bitcoin in India.

Very true. I love India, having toured the country in '91 for three weeks, spending Christmas in Goa.

Phinnaeus Gage

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Activity: 1918

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Bitcoin: An Idea Worth Spending

http://bitcoinviews.com/bitcoin-entrepreneurs-planning-indias-first-bitcoin-conference-bv-exclusive-get-20-discount-on-ticket-price/

Quote

India-based entrepreneur Sathvik Vishwanath is hosting the country’s first

Global Bitcoin Conference next month, in Bangalore, the heart of Asia’s Silicon Valley at the Sheraton Hotel.

Vishwanath has been raising awareness of Bitcoin in India, and admittedly found his job a lot easier since the value of Bitcoin has skyrocketed.

http://www.globalbitcoinconference.com/

Quote

Hello All attendees,

I want to take this opportunity to thank our speakers and delegates at the conference without whom this fruitful conference would not have been possible. I also wish to thank Josh from ButterflyLabs for his generous donation and being a title sponsor for the conference, and for Sheraton hotel for providing the venue and Oddessy team for setting up a beautiful place to for the event. I would also wish to thank my team for helping me out to conduct the conference. Never the less my employees who have worked for 2 months consistently towards completing Unocoin – a bitcoin buying and selling webservice to be launched on this day of the conference.

Here's to hoping it was a wonderful conference.

Peace.

~Bruno Kucinskas

empoweoqwj

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Activity: 518

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Quote from: Phinnaeus Gage on December 22, 2013, 12:00:32 AM

Tired!!! Slight error in the above, but not editing out. Venue: Crown Casino DOES NOT equal CROWNCASINOGAMES.COM.

To be clear, I'm not doxxing the Indian exchange, but want to make sure that we/they all know whom we're dealing with.

Great forensic work nonetheless.

If nothing else, an Indian exchange will test the legal status of bitcoin in India.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Tired!!! Slight error in the above, but not editing out. Venue: Crown Casino DOES NOT equal CROWNCASINOGAMES.COM.

To be clear, I'm not doxxing the Indian exchange, but want to make sure that we/they all know whom we're dealing with.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

http://www.meetup.com/IndiaBitcoin/members/94694542/

Quote from: SomeoneWeird on August 23, 2011, 08:58:04 AM

Australian Bitcoin Expo Anyone?

Rescheduled - Please see Page 5 for more details.

Date: 18th - 20th November

Location: Melbourne

Venue: Possibly Crown Casino (unsure)

Quote from: SomeoneWeird on August 23, 2011, 08:58:04 AM

Australian Bitcoin Expo Anyone?

Rescheduled - Please see Page 5 for more details.

Date: 18th - 20th November

Location: Melbourne

Venue: Possibly Crown Casino (unsure)

Transportation: Cross country convoy (probably starting from perth), drive, fly, bus etc.

Sponsorship:
MtGox - MagicalTux will be attending in person.
World Bitcoin Exchange - Andre Jensen will be attending in person
www.cryptoxchanger.com - Owner will be attending in person.
TradeHill - TradeHill Australia will be attending
PM SomeoneWeird if you would like to sponsor

If you are interested in coming, drop by #bitcoin-aus on freenode
or PM me your location (rough location in state so we can work out numbers)

~SomeoneWeird

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

http://www.thehindubusinessline.com/industry-and-economy/info-tech/bitcoin-sets-sights-on-india/article5422183.ece

Quote

Individuals involved in the Bitcoin movement are called miners and other companies such as Coinmonk Ventures, Unobit Solutions and VentureNext are trying to build the ecosystem that will make Bitcoin an acceptable currency, similar to gold, silver or rupee.

I believe all three are own by the same person.

Phinnaeus Gage

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Activity: 1918

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Bitcoin: An Idea Worth Spending

http://unocoin.com/

Quote from: SomeoneWeird on August 23, 2011, 08:58:04 AM

Australian Bitcoin Expo Anyone?

Rescheduled - Please see Page 5 for more details.

Date: 18th - 20th November

Location: Melbourne

Venue: Possibly Crown Casino (unsure)

Question: Kansas, Australia or India?

empoweoqwj

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Activity: 518

Merit: 500

Quote from: flyguy on December 21, 2013, 10:28:22 PM

The website is a clear rip off of Coinbase site.

That's how Indian programmers tend to work. I've employed several on freelance projects. First thing they do is say "which site should we rip"

flyguy

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The website is a clear rip off of Coinbase site.

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: coins101 on December 21, 2013, 07:22:56 PM

good news - a new set of speculators about to push the price higher.

I take it this exchange is so the cheap coding guys that rarely deliver can get paid and avoid the tax system.

Let me get this straight. A small country like India is somehow going to replace the one billion plus population of China. I've been to India, and Josh just got back from India, and we're both here to tell you that... that... that... Upon further review, this just might work. Good call!

~TMIBTCITW

Patel

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Quote from: EvilPanda on December 21, 2013, 09:23:24 PM

Pizzas for BTC? Now is chicken tikka masala time! Cheesy

hell ya

EvilPanda

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Small Red and Bad

Pizzas for BTC? Now is chicken tikka masala time! Cheesy

User705

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First 100% Liquid Stablecoin Backed by Gold

Quote from: beetcoin on December 21, 2013, 06:45:22 PM

since india hates china so much, let's tell them that the chinese government loves cockblocking BTC Wink

the indians will most likely end up laying the hammer down on BTC though.

Yes India has import taxes on gold and rather unsettling trade imbalance. Not sure how they will feel about bitcoin.

titulng

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HubrisOne

Quote from: BitcoinBarrel on December 21, 2013, 08:42:29 PM

I, too, was surprised that it has taken this long for India to jump on board the Bitcoin train. I'm sure a lot of that has to do with English translations, but there is definitely much talent in technology-related fields over there. It will be interesting to see how things develop this next year.

I also look forward to..

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

I, too, was surprised that it has taken this long for India to jump on board the Bitcoin train. I'm sure a lot of that has to do with English translations, but there is definitely much talent in technology-related fields over there. It will be interesting to see how things develop this next year.

LiteCoinGuy

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In Satoshi I Trust

there are already 1-2 as i heard but nice news.

coins101

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good news - a new set of speculators about to push the price higher.

I take it this exchange is so the cheap coding guys that rarely deliver can get paid and avoid the tax system.

Kryptox

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I'm surprised it took this long. India has a lot of talent that can be exploited for developing even further Bitcoin related technologies. Not to mention, there's huge money there.

beetcoin

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since india hates china so much, let's tell them that the chinese government loves cockblocking BTC Wink

the indians will most likely end up laying the hammer down on BTC though.

Mjbmonetarymetals

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All Aboard !! Cheesy

Vod

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Licking my boob since 1970

Quote

Simple, Safe and Secure Way of Buying, Selling and Storing Bitcoins in India

Uh oh...

gsingh

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Very good news guys Cheesy

.

India has got an exchange up and running now!

http://unocoin.com/

Topic: India opens new exchange (Read 4330 times)