Indonesia, the second largest crypto adopter without legality. - page 4.

traderethereum

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Quote from: Al-e_x on October 21, 2018, 05:44:34 PM

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

Maybe Indonesian people only know about bitcoin, and they do not yet use bitcoin. Maybe they only have bitcoin without buying something by online or offline. We don't know the truth for this, and we only know based on that survey. We still don't know how much percentage of the people who are using bitcoin. But I don't think that crypto is a solution to create a better economy, but I think it's a solution to create a better financial for every people who want to join in the crypto.

Meadow Patrick

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Indonesian people believe that survey is true. Many people having knowledge about cryptocurrency and many of them investing their money into crypto market. Crypto could be making people's life better.

shield132

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Crypto isn't better solution for economy, it's a payment way and currency at the same time, has it's pros and cons, it's not revolutionary thing. If you disagree, then write arguments, I'll do the same.
And now, who said bitcoin is illegal anywhere? If you can use it as you wish, if no one sends you in jail for transaction, buy things from amazon, ebay and etc, do everything and pay everything, everyone you wish and still you are free, then how is it illegal? Don't you guys know ehat legal and illegal means? That's insane.

kalstarzz

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Quote from: Al-e_x on October 21, 2018, 05:44:34 PM

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

You're very right, there are so many people in Indonesia who enter the world of crypto specifically Bitcoin, but it's not uncommon for them to enter Crypto without strong reason and sufficient knowledge. they just want something instant and fast.

Markus Good

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Despite the ban by their Government, Indonesians are really interested in crypto. Crypto has been the source of income for many of their citizens. I hope their Government lifts the ban and take steps to adopt crypt currency.

Nikolas Brown

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The people of Indonesia understand the vast potential cryptocurrency offers which plays a part on motivating them to invest in it. The percentage of people in their country accurate or not can still be said that it is high in order to rank like this. Just goes to show if a government legalized cryptocurrency or not, if people deem it useful and see the potential anything can happen as we can see now. Hopefully we'll see their government change their views on it too, only with time.

Braeden Hahn

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Well, if the Indonesian people likes the bitcoin that much then it's really good for them. But talking of legality, if this huge amount of population believes and invest in such a coin, then illegality is merely a mark for them. And other countries might wanna keep an eye on their economy whether it grows or falls with this large kinds but coin investment.

emsond

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I prefer to say that only a few percent of Indonesians know crypto money. Of that number only a portion of those who adopted crypto money like bitcoin in the majority and altcoin as optional.

I've asked 50 of my acquaintances in jakarta coz I live here, it turns out that only three people have heard the word bitcoin but don't know what is it for.

I saw Luno ads this year on website and claimed to have had two million customers, meanwhile Indodax, which has long been a crypto exchanger, has less than one and a half million customers.

Other interesting fact is when you go to a big bookstore and ask for bitcoin book in Bahasa, you will find two or three Indonesian author there.

For legality, I agree with other members here that Indonesia never allow cryptomoney as currency.

semes

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Quote from: daarul50 on October 22, 2018, 01:27:33 AM

It is only natural that Indonesia is the second largest country to adopt crypto because of its large population and Indonesia occupies the fourth position in the largest population. Besides that, Indonesia has the opportunity to be a suitable country to be used as bitcoin marketing.

I think Asian countries are most suitable countries as the number of nufus and economic structure. Therefore, the biggest support comes from that region. China, Korea, Japan, India and Indonesia ... These countries are at a very important point for crypto money.

Serious Miner

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Obviously, the survey report is true 63% of the population is connected with cryptocurrency and become the second Largest crypto adopter after South Africa 70% in the world. Indonesia is the largest country and has a huge population they know the importance of cryptocurrency in their daily life and even their economic sector. Though crypto is not legal in Indonesia after that Indonesian people are doing business with crypto that means crypto is very much popular in there to meet their demand and financial solvency.

bellamente

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It is wonderful that Indonesia supports cryptocurrencies, and in particular Bitcoin. I heard that the Philippines, too, support bitcoin. Manila often hosts conference blockchain.

doodle07

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I hope the government of Indonesia support and consider that bitcoin has given the community of Indonesia an opportunity to earn profit. Governments of different countries that has many investors and users in crypto must be supportive because all we want is to have a better life, and crypto is the key to success for me.

Inspiron14

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Quote from: Al-e_x on October 21, 2018, 05:44:34 PM

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

Is there a survey link about this? even if it is true it is very encouraging. But to my knowledge Indonesia is a very large country and certainly not all people are affordable with internet networks. so the 63% figure is rather excessive.

Siren

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Quote from: Al-e_x on October 21, 2018, 05:44:34 PM

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

lol we know how inaccurate those survey as that is only made with couple of people and not the entire volume so lets not rely on the outcome.instead lets look worldwide why the cryptocurrency dont become more popular in other countries while others did.its on the people and government attitude.in some asian countries theres no specific support from government but they dont also put restrictions at the same time

olubams

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Quote from: Al-e_x on October 21, 2018, 05:44:34 PM

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

The report of the survey is really not surprising based on the population that was sampled. If the population sampled is based on those who have affinity with crypto, I am sure their response would be this. I actually would be interested in specific variables of the exercise. Looking at reports like this, it tend to start attracting attention where it is least needed as authorities tend to begin crack down the moment they cannot come up with regulations that generate revenue and at the same time reduce the criminal activities that crypto is used for.

ongkok87

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it is absolutely true that Indonesia is still very difficult, the government is willing to accept bitcoin, so most other users of bitcoin and crypto are still illegal, but the Indonesian people want the government to immediately release bitcoin because it is an opportunity to get very good money

baghdatis1990

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Miracle Tele

I'm not Indonesian, but I understand why the Indonesians are investing in the crypto market. Being a fairly low standard of living, even short-term profits in the crypto world, for their economy, are pure gold. People have in their blood the desire to earn more and to live a carefree life. Being cheap to work in Indonesia and cheap products, the money coming from cryptomones can enrich most of the Indonesians.

Jim Ross

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Considering the population and the economical state of the country, they are doing a great job by earning from the crypto market. Even though the government has not accepted the crypto currency, they have not banned it altogether. Which in turn has paved a path for the population to know crypto system and invest in it.

dothebeats

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Regulations and laws coming into the crypto world is inevitable, and so the Indonesians would know soon that lawlessness regarding bitcoin has its limits. Due to the growing popularity of and demand for bitcoin in the said country, the government would soon know that it can be used to channel illegal funds and launder money, so it has to be closely regulated and guarded at all times. Money is money, and we know that the government's best interest lays where the $$$ is at, so Indonesia, too, would surely resort to regulations should the need for it arise.

dablatair

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Hello,

I was not aware that Indonesian are so interested in crypto. Always heard about japanese and Korean in asia. Very good score that lot of nations need to beat !

Topic: Indonesia, the second largest crypto adopter without legality. - page 4. (Read 1166 times)