Indonesian now in the top 10 bitcoin market in world... - page 3.

elyas772

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Quote from: Amph on November 11, 2015, 11:45:32 AM

since were bitfinex is in the first spot, weren't chinese exchange the one with the most volume, i remember even 200k in volume and counting

it's all fake in their exchange?

please read again
bitfinex Use USD not local currency like JPY CNY IDR

Quote from: elyas772 on November 10, 2015, 11:45:19 PM

[im g]https://i.imgur.com/syQGz0e.jpg[/img]

source : http://coinmarketcap.com/currencies/bitcoin/#markets
market : https://vip.bitcoin.co.id/

Indonesian is the next potential Asian power ?
we can see now indonesian market is the second largest market after China in Asia
and now in the top 10

what do you think about Bitcoin In Indonesia in future ?

for all investor are you interesting to open bitcoin ATM in Indonesia ? now we have only 2 place Bali and Jakarta
http://coinatmradar.com/country/100/bitcoin-atm-indonesia/

Mickeyb

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Activity: 798

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Move On !!!!!!

We need every single person that we can get involved in Bitcoin in order to make it. In the same way we need every single country greatly involved. This is indeed very interesting news. I would never say there was such a big interest in Bitcoin in country like Indonesia.

I hope people will get even more interested and volumes will spike even higher!

avw1982

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Activity: 644

Merit: 500

Quote from: ?? on ??

This is very good news for me, because this is my Country. Cheesy

I hope Bitcoin ATM as soon as there are in Indonesia and all shop in Indonesia accept bitcoin as a payment. Cheesy

Hope you good luck. it will come soon in Indonesia but you use for in online itself and one more news for you my friend BitX expands Bitcoin buying service in your country So these kind of news are plus points for you guys. smile and smile ever dude. Even I am Asian I too happy about it.

hasiramasenju

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Quote from: lottery248 on November 11, 2015, 06:31:18 AM

IIRC bitcoin is illegal in indonesia. Huh

how can bitcoin be tradable in indonesia?

in our country using bitcoin is not illegal but also not protected by law it mean if some one got hacked and lost all his bitcoin

he couldn't be bringing lawsuits this problem

HeroCat

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Because there are a lot of many computer users in Indonesia, which like to spend a lot of time in the Web Grin

And probably they like Bitcoins too Grin

Possum577

sr. member

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Loose lips sink sigs!

Taking advantage of price arbitrage hurts the exchanges, the companies making bitcoin liquid for us and new users. Don't screw our own ppl for your personal gain!

Amph

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since were bitfinex is in the first spot, weren't chinese exchange the one with the most volume, i remember even 200k in volume and counting

it's all fake in their exchange?

Jeremycoin

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Activity: 1022

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𝓗𝓞𝓓𝓛

I should proud of this, and I hope there will be more Bitcoin ATM especially in my city.
This would be a great opportunity for us, Indonesians Bitcoiner Cool

btccashacc

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Quote from: medUSA on November 11, 2015, 06:55:21 AM

Quote from: teddy5145 on November 11, 2015, 06:45:41 AM

Indonesia's law is pretty neutral regarding bitcoin
Meaning they will let people do a transactions with bitcoin

I believe it is not illegal to own bitcoin in Indonesia. Last year, Bank of Indonesia states that "bitcoin and other virtual currency are not currency or legal payment instrument in Indonesia". Things could have changed now in 2015, the legality of bitcoin in Indonesia is still unclear.

Not only bitcoin and other virtual payment,but dollar or other curency is illegal in Indonesia, you can't buy anything on store with dollar directly or you will get the punishment, but you can keep using bitcoin as comidity which is like gold,silver etc and you able to trade them.

here statemant of the Bank Indonesia

"Each party, either an individual or a corporation, must use the Rupiah (IDR) in every transaction in cash and/ or non-cash transactions in NKRI (Indonesia)"

And the statement about bitcoin

"In view of the Act No. 7 Year 2012 concerning Currency and Act No. 23 Year 1999 which has been amended several times, the latest with Act No. 6 Year 2009, Bank Indonesia states that Bitcoin and other virtual currency are not currency or legal payment instrument in Indonesia.

The society is encouraged to be careful toward Bitcoin and other virtual currency. All risks related to the ownership/use of Bitcoin should be borne by the owner/user of the Bitcoin and other virtual currency."

Official link : http://www.bi.go.id/en/ruang-media/siaran-pers/Pages/SP_160614.aspx

hasiramasenju

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i'm glad to see my country includes the top 10 biggest market of bitcoin in the world

and i'm really hope the volume still increase again every day

tom555

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Quote from: lottery248 on November 11, 2015, 06:31:18 AM

IIRC bitcoin is illegal in indonesia. Huh

how can bitcoin be tradable in indonesia?

let me explain little fact,i know this from any news about bitcoin in indonesia.yes thats right that bitcoin illegal in indonesia,but there was many bitcoin traded there,it because bitcoin have a good community they also have CEO of bitcoin indonesia,bitcoin illegal but not prohibit to be traded,they able to have bitcoin,but they cant use bitcoin for payment,indonesia govenor just legalize payment with local currency (IDR). that whyso many bitcoin traded in indonesia.

medUSA

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--Signature Designs-- http://bit.ly/1Pjbx77

Quote from: teddy5145 on November 11, 2015, 06:45:41 AM

Indonesia's law is pretty neutral regarding bitcoin
Meaning they will let people do a transactions with bitcoin

I believe it is not illegal to own bitcoin in Indonesia. Last year, Bank of Indonesia states that "bitcoin and other virtual currency are not currency or legal payment instrument in Indonesia". Things could have changed now in 2015, the legality of bitcoin in Indonesia is still unclear.

teddy5145

hero member

Activity: 714

Merit: 528

Quote from: lottery248 on November 11, 2015, 06:31:18 AM

IIRC bitcoin is illegal in indonesia. Huh

how can bitcoin be tradable in indonesia?

Indonesia's law is pretty neutral regarding bitcoin
Meaning they will let people do a transactions with bitcoin
But
If you somehow got scammed with Bitcoins you can't ask for the help from the law
Sad

That's what i heard from my fellow Indonesians Wink

But the good news is The citizen of Indonesia is accepting Bitcoins, There's a Bitcoin Cafe in Bali, Bitcoin ATMs in Jakarta
Too bad there aren't anything like that in my city Tongue

Betwrong

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I stand with Ukraine.

Quote from: elyas772 on November 10, 2015, 11:45:19 PM

source : http://coinmarketcap.com/currencies/bitcoin/#markets
market : https://vip.bitcoin.co.id/

Indonesian is the next potential Asian power ?
we can see now indonesian market is the second largest market after China in Asia
and now in the top 10

what do you think about Bitcoin In Indonesia in future ?

for all investor are you interesting to open bitcoin ATM in Indonesia ? now we have only 2 place Bali and Jakarta
http://coinatmradar.com/country/100/bitcoin-atm-indonesia/

That's a great news. Not very unexpected though, considering the fact that population of Indonesia is over 255 million now.

I think the future of Bitcoin in Indonesia is bright because nowadays Indonesia's governmental structure is based on economic and political co-operation with Western nations.

dothebeats

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Cashback 15%

Quote from: lottery248 on November 11, 2015, 06:31:18 AM

IIRC bitcoin is illegal in indonesia. Huh

how can bitcoin be tradable in indonesia?

From which source have you learned this stuff? If it is illegal then why would there be an exchange having thousands of bitcoins being traded openly? Roll Eyes

Russia is one country I know that prohibits any bitcoin-related activity.

lottery248

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Activity: 1568

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beware of your keys.

IIRC bitcoin is illegal in indonesia. Huh

how can bitcoin be tradable in indonesia?

NorrisK

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Quote from: BAGOBO on November 11, 2015, 05:43:37 AM

I'm proud for this news !
but since indonesian economy still unstable, it's quite difficult to gather bitcoin holder.
Also recently , There are some incident like these one : Indonesian bomber try asking for ransom and want to get paid for bitcoin. Because of this incident, bitcoin will received bad reputation Sad

http://www.thejakartapost.com/news/2015/10/30/alam-sutera-bomber-says-he-was-trying-repay-debts.html

This will always happen as bitcoin is currently the safest way to demand your ransom..

Really cool that Indonesia is starting to embrace bitcoin. Economic instability is a good motitvator to get in. But can also make it hard to enter as you don't have cash to spare and buy bitcoin with.

BAGOBO

legendary

Activity: 1163

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I'm proud for this news !
but since indonesian economy still unstable, it's quite difficult to gather bitcoin holder.
Also recently , There are some incident like these one : Indonesian bomber try asking for ransom and want to get paid for bitcoin. Because of this incident, bitcoin will received bad reputation Sad

http://www.thejakartapost.com/news/2015/10/30/alam-sutera-bomber-says-he-was-trying-repay-debts.html

teddy5145

hero member

Activity: 714

Merit: 528

Well, Bitcoin is currently booming in popularity in Indonesia especially after the bomb incident, no surprise to see it getting to top 10 Tongue

The problem is, there's a big population of BTC users in Indonesia still getting the Bitcoin from Faucets which is a waste of time
I tried to tell them they can get better BTC on Sig campaigns but they seem don't care about it at all Sad

Maybe it's not the time for them to join sig campaigns Tongue

romjpn

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Activity: 193

Merit: 100

Quote from: elyas772 on November 10, 2015, 11:45:19 PM

source : http://coinmarketcap.com/currencies/bitcoin/#markets
market : https://vip.bitcoin.co.id/

Indonesian is the next potential Asian power ?
we can see now indonesian market is the second largest market after China in Asia
and now in the top 10

what do you think about Bitcoin In Indonesia in future ?

for all investor are you interesting to open bitcoin ATM in Indonesia ? now we have only 2 place Bali and Jakarta
http://coinatmradar.com/country/100/bitcoin-atm-indonesia/

So Japan is not in Asia, what a news ! Japanese exchanges (JPY) are getting a bigger volume. BTC/JPY is probably the third or fourth most traded pair now.

Topic: Indonesian now in the top 10 bitcoin market in world... - page 3. (Read 3077 times)