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Topic: Interest in Bitcoin just skyrocketed in India (Read 2001 times)

legendary
Activity: 1137
Merit: 1035
Bitcoin accepted here
November 17, 2016, 01:10:47 PM
#44


News opportunist? I don't get why you're trying to make me look like I posted fake news, you idiot. I just posted a screenshot from my mobile. PERIOD.

A news opportunist will take an event that is not relative to the topic they are applying it to.

The interest in India has peaked and already subsided for the time being.

The search for liquidation via bait is most obvious.

You don't need to use India banning low denomination notes as an excuse.


BTW you never addressed my screen shot which showed how the interest is in decline.

What filters did you use to do the search?



India’s rupee restrictions are boosting demand for bitcoin

http://www.cnbc.com/2016/11/15/india-rupee-restriction-boost-bitcoin-digital-currency.html

You are the only one that doesn't see/want to see any correlation between the two things, when it's so clear.

As for the screenshot, I'm not sure about the filters you used, but I didn't use any, just country and search term. If you want to check it exactly the way I did, try to redo it on your mobile.

Thanks for answering the filter question.

As for CNBC....

http://www.cnbc.com/2016/05/02/will-terror-attacks-end-bitcoin-free-for-all-in-europe.html
Quote
ISIS and the Dark Web

This follows reports the so-called Islamic State — which claimed responsibility for the attacks on March in Brussels and November in Paris — was receiving funding via the so-called Dark Web. This is the encrypted, hard-to-reach part of the internet where bitcoin or other digital-only currencies are the preferred payment methods.

So can we expect terrorism to escalate in India now?

If Isis received funding via Bitcoin, that's certainly a tiny fraction of what they have been receiving in dollars:

http://uk.businessinsider.com/us-cash-isis-iran-fed-2015-11?r=US&IR=T

"Foreign central banks hold dollars and can call on the Fed for currency distribution," they wrote. "The new $100 notes are flown to Baghdad after leaving a Fed facility in East Rutherford, N.J. In Baghdad, the bills are moved to the Iraqi central bank, where they are sold in daily auctions in which Iraqi financial firms request dollars that they pay for largely using dinars, the country’s currency."

The cash shipments went from $3.85 billion in 2012 to $13.66 billion in 2014, raising eyebrows in the US, The Journal reported, adding that officials were worried that Iraqis were hoarding dollars rather than circulating the currency in the economy."
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
so that is the explanation of the recent increase, but it sound weird because usually bitcoin do not replace cash but virtual money, so it should have less effect in this case, but it's good that india support bitcoin, because they are many almost as chinese, and if both of those will support it more in the future, you can avoid having other country following, because you would end up with 2B people supporting bitcoin already, which is more than enough to make it skyrocketing
sr. member
Activity: 448
Merit: 250


News opportunist? I don't get why you're trying to make me look like I posted fake news, you idiot. I just posted a screenshot from my mobile. PERIOD.

A news opportunist will take an event that is not relative to the topic they are applying it to.

The interest in India has peaked and already subsided for the time being.

The search for liquidation via bait is most obvious.

You don't need to use India banning low denomination notes as an excuse.


BTW you never addressed my screen shot which showed how the interest is in decline.

What filters did you use to do the search?



India’s rupee restrictions are boosting demand for bitcoin

http://www.cnbc.com/2016/11/15/india-rupee-restriction-boost-bitcoin-digital-currency.html

You are the only one that doesn't see/want to see any correlation between the two things, when it's so clear.

As for the screenshot, I'm not sure about the filters you used, but I didn't use any, just country and search term. If you want to check it exactly the way I did, try to redo it on your mobile.

Thanks for answering the filter question.

As for CNBC....

http://www.cnbc.com/2016/05/02/will-terror-attacks-end-bitcoin-free-for-all-in-europe.html
Quote
ISIS and the Dark Web

This follows reports the so-called Islamic State — which claimed responsibility for the attacks on March in Brussels and November in Paris — was receiving funding via the so-called Dark Web. This is the encrypted, hard-to-reach part of the internet where bitcoin or other digital-only currencies are the preferred payment methods.

So can we expect terrorism to escalate in India now?
legendary
Activity: 1137
Merit: 1035
Bitcoin accepted here


News opportunist? I don't get why you're trying to make me look like I posted fake news, you idiot. I just posted a screenshot from my mobile. PERIOD.

A news opportunist will take an event that is not relative to the topic they are applying it to.

The interest in India has peaked and already subsided for the time being.

The search for liquidation via bait is most obvious.

You don't need to use India banning low denomination notes as an excuse.


BTW you never addressed my screen shot which showed how the interest is in decline.

What filters did you use to do the search?



India’s rupee restrictions are boosting demand for bitcoin

http://www.cnbc.com/2016/11/15/india-rupee-restriction-boost-bitcoin-digital-currency.html

You are the only one that doesn't see/want to see any correlation between the two things, when it's so clear.

As for the screenshot, I'm not sure about the filters you used, but I didn't use any, just country and search term. If you want to check it exactly the way I did, try to redo it on your mobile.
sr. member
Activity: 448
Merit: 250


News opportunist? I don't get why you're trying to make me look like I posted fake news, you idiot. I just posted a screenshot from my mobile. PERIOD.

A news opportunist will take an event that is not relative to the topic they are applying it to.

The interest in India has peaked and already subsided for the time being.

The search for liquidation via bait is most obvious.

You don't need to use India banning low denomination notes as an excuse.


BTW you never addressed my screen shot which showed how the interest is in decline.

What filters did you use to do the search?

legendary
Activity: 1137
Merit: 1035
Bitcoin accepted here

Your thread should read:

Interest in Bitcoin just peaked in India.

Interest can only go down from here.
It's actually the opposite. It means people have realized the situation is serious and started looking for alternatives to their potentially worthless fiat money and one is Bitcoin.

Show me on a Google Trend chart on any topic where the trend stayed at or exceeded 100 over an extend period of time.

Also, to the OP, what Google trends filters are you using?

I get this:

https://i.imgur.com/MDbnZW9.jpg

Here on forum we can get a lot of images like this

http://img.memecdn.com/its-media_o_721609.jpg


However the global search for bitcoin still normal, I don't believe that today pump was caused by India.

It appears that some people in Bitcoin are nothing more than "news opportunists".

More and more the Bitcoin economy resembles wall st.

Clearly most of the volume from the price increase is coming from China.

And with the ability of bots to pull bids at will it's obvious that we have some manipulation here.

The funny thing is that most of the people affected by India's currency ban is the middle class and poor according to what I have read.

So you mean to tell me that the poor class of India are also Bitcoin speculators when most of them don't even have bank accounts?

The claim that Bitcoin has gone up because of India is ridiculous at best.

It is manipulation 101.



News opportunist? I don't get why you're trying to make me look like I posted fake news, you idiot. I just posted a screenshot from my mobile. PERIOD.
hero member
Activity: 714
Merit: 500
Bitcoin is out there for the grabs and there is nothing stopping it, only a matter of time before more nations and countries realize the potentials of bitcoin and then we'll see rise in price like never before. only a matter of time.

Yeah, thought quite correctly friend. Sometimes something good things will give you a good impact at the right time, not even all the things there are in the thoughts of the Government and the State have always been correct. But usually if there is already a country that their personal religious beliefs using bitcoin and accept it for transactions then the follower countries will use it. as with any other country or USA
sr. member
Activity: 448
Merit: 250

Your thread should read:

Interest in Bitcoin just peaked in India.

Interest can only go down from here.
It's actually the opposite. It means people have realized the situation is serious and started looking for alternatives to their potentially worthless fiat money and one is Bitcoin.

Show me on a Google Trend chart on any topic where the trend stayed at or exceeded 100 over an extend period of time.

Also, to the OP, what Google trends filters are you using?

I get this:

https://i.imgur.com/MDbnZW9.jpg

Here on forum we can get a lot of images like this

http://img.memecdn.com/its-media_o_721609.jpg


However the global search for bitcoin still normal, I don't believe that today pump was caused by India.

It appears that some people in Bitcoin are nothing more than "news opportunists".

More and more the Bitcoin economy resembles wall st.

Clearly most of the volume from the price increase is coming from China.

And with the ability of bots to pull bids at will it's obvious that we have some manipulation here.

The funny thing is that most of the people affected by India's currency ban is the middle class and poor according to what I have read.

So you mean to tell me that the poor class of India are also Bitcoin speculators when most of them don't even have bank accounts?

The claim that Bitcoin has gone up because of India is ridiculous at best.

It is manipulation 101.

full member
Activity: 238
Merit: 100
it's showtime
Let's talk about what really interest... CHINA

Look the same link now with China, a big jump in the last week, for sure the price will stay growing in this way... I don't know how much the chineses are buying but it is really making the price pump.
copper member
Activity: 1330
Merit: 899
🖤😏
Bitcoin is out there for the grabs and there is nothing stopping it, only a matter of time before more nations and countries realize the potentials of bitcoin and then we'll see rise in price like never before. only a matter of time.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
there is an increased interest in most  of the countries around the word in bitcoin which comes from the increasing price which proves  that bitcoin is a good investment for the future to make a good amount of money. so I say this is not limited to India but everywhere but also in India there is their economical state which seems to be pretty bad at the moment and people wanting to find good investments .
hero member
Activity: 2520
Merit: 568
Payment Gateway Allows Recurring Payments
Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.

Wow.I wanna travel to India and sell my bitcoins there. Grin

Bitcoin needs adoption from the indians,India is a huge and growing economy.

People are saying that trading bitcoins in India is more difficult because of some regulations.

I hope that this problem will be solved.

This is making me think that Indians are becoming better business people rather than Chinese people. After the China governments regulation for bitcoin and this is now a good news for the whole bitcoin economy. Why you need to go in India if you can just sell your bitcoins at your home with their exchange, I think that will be fine if no regulations will be applied.
hero member
Activity: 3150
Merit: 937
Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.

Wow.I wanna travel to India and sell my bitcoins there. Grin

Bitcoin needs adoption from the indians,India is a huge and growing economy.

People are saying that trading bitcoins in India is more difficult because of some regulations.

I hope that this problem will be solved.
sr. member
Activity: 364
Merit: 250

Your thread should read:

Interest in Bitcoin just peaked in India.

Interest can only go down from here.
It's actually the opposite. It means people have realized the situation is serious and started looking for alternatives to their potentially worthless fiat money and one is Bitcoin.

Show me on a Google Trend chart on any topic where the trend stayed at or exceeded 100 over an extend period of time.

Also, to the OP, what Google trends filters are you using?

I get this:



Here on forum we can get a lot of images like this




However the global search for bitcoin still normal, I don't believe that today pump was caused by India.
hero member
Activity: 2646
Merit: 686
After reading this post I decided to check the Indian market where they can buy Bitcoin and when I convert $ to their local currency that's 10000 Rs more. That's some crazy leap, one reason it could be that people have dumped their money which was banned in btc, or suddenly they have woken up to btc power and blindly invested in it. That's some high prices but, better wait for it to fall. And one last thing it's is legal to buy btc in India. I don't know which other country has legalized it.
legendary
Activity: 2898
Merit: 1823
Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.

Is there a correlation between Google search results and actual buying of the cryptocurrency? Also that chart from Google Trends shows that the interest started way before the ban in the highest notes in India. So the trigger that started the interest must not be that.

Another question is how many searches were made that came from India? I believe it should be in the hundreds of millions searches for it to matter. We are seeing a lot of news that this or that country is interested in Bitcoin but all we see are the speculators trying to make fiat out of the price moves. Some of them do not even care to withdraw their Bitcoins from the exchanges.
sr. member
Activity: 378
Merit: 250
Wow that is a huge increase. I would say that it was just an effect of the Trump victory. America has some strong bonds with India and the recent election is the only reason why I would think that interests would increase.

Smiley
hero member
Activity: 1568
Merit: 544
Rule out the lower value rupee notes..., A example why bitcoin is way better and saver.
legendary
Activity: 1218
Merit: 1007
Doesn;t surprise me that the interest is skyrocketing, considering the news about the banknotes being considerably more limited, however I'm not sure how much this is going to affect India's primary interest in Bitcoin and have it increase the value. The market definitely moved, but I don't know if that has anything to do with this; it's pretty old news.
legendary
Activity: 1666
Merit: 1001
Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.
I'm happy that the folks in India are finally waking up and investing their money into bitcoin. well, i hope to see new ath within this year heh.
Price will not rise only because of India, at the moment Bitcoin market in India is not the main one, but of course someday can be. This signs are very good, but it will not change that all eyes are looking on China..

yes the price won't change much, but at least it is a good news for all of bitcoin users, within India people more focus on bitcoin, it will affected the market, there will be more demand which is going to cause the price to go up, and India is one of the country with the largest population so if this trend keep continue we will see another price raise and more stable price
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