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Topic: Please stop buying bitcoins from India - page 2. (Read 7011 times)

legendary
Activity: 1218
Merit: 1007
January 19, 2017, 01:32:55 PM
#67
Enough guys... the more we feed these greedy sellers the more they will increase their prices...

If everyone stops buying btc from India they will be forced to revert to old prices.

Waiting for price to be as good as preev market place price then it's fine this is India not North Korea or Pakistan... even then I suspect those countries will be easier n cheaper to buy btc.
Demand > Supply
Dont forget both demand and supply can be manipulated.There are only few exchanges in India and I think they have secretly made some kind of cartel to keep the price higher than international price.
What is more frustrating is that their sell price is much lower than buy price.

Should only the exchanges be blamed and not people trading there?
What do you think? Are these exchanges only liable for those prices?
No. We also need to be blamed for it because we want those prices to be there (either demonetization is the reason or greed), but we need it.
And I don't think there is anything wrong if the price is high in India compared to International markets, because it is an opportunity for everyone to make good profits from these, and this is kind of a commodity market, so no one should be blamed here.
hero member
Activity: 602
Merit: 500
January 18, 2017, 05:48:15 AM
#66
Enough guys... the more we feed these greedy sellers the more they will increase their prices...

If everyone stops buying btc from India they will be forced to revert to old prices.

Waiting for price to be as good as preev market place price then it's fine this is India not North Korea or Pakistan... even then I suspect those countries will be easier n cheaper to buy btc.
Demand > Supply
Dont forget both demand and supply can be manipulated.There are only few exchanges in India and I think they have secretly made some kind of cartel to keep the price higher than international price.
What is more frustrating is that their sell price is much lower than buy price.
sr. member
Activity: 770
Merit: 268
January 18, 2017, 04:07:35 AM
#65
This seems like a really interesting way to go about the current prices but as a user earlier pointed, Demand > Supply so people who urgently want BTC will obviously won't mind paying more than preev rates and end up giving more $ to the seller.
There is lot of Ignorance about other options available for purchasing bitcoin. One could buy from bitcoin exchanges as well (though very few are offering prices compatible with preev price).  Purchasing bitcoins from internation market is bit difficult. There was a thread in forum where a veteran member shared a cheaper way to purchase bitcoins from international market. Problem was the restrict verifications or rules followed by that company. I'm not able to find it readily now.

If anyone knows how to purchase the bitcoins from international market without much hassle then it would make much difference. For some going through procedure hassle is secondary if rates are at preeve level.
sr. member
Activity: 602
Merit: 252
January 18, 2017, 03:23:50 AM
#64
This seems like a really interesting way to go about the current prices but as a user earlier pointed, Demand > Supply so people who urgently want BTC will obviously won't mind paying more than preev rates and end up giving more $ to the seller.
hero member
Activity: 574
Merit: 502
waiting to explode
January 18, 2017, 12:34:10 AM
#63
so i am form india form where should i buy the bitcoin and why should stop buyinf bitcoin from india its better to level up ur own county

At the moment it's still cheaper to buy via paypal from international exchanges.

That would be interesting. However I haven't come across any exchanges that accept PayPal, except VirWox. And that too comes at around 10% premium price due to transfer commissions and INR-USD-SLL-BTC conversions.

Are you using any other exchanges than VirWox for PayPal transactions?
sr. member
Activity: 637
Merit: 262
December 03, 2016, 07:14:11 AM
#62
Enough guys... the more we feed these greedy sellers the more they will increase their prices...

If everyone stops buying btc from India they will be forced to revert to old prices.

Waiting for price to be as good as preev market place price then it's fine this is India not North Korea or Pakistan... even then I suspect those countries will be easier n cheaper to buy btc.
Whats wrong if price is high in india? Almost everything has different prices in different countries.Price of petrol for example, it is cheaper in some of our neighboring countries but we are paying more so whats wrong if due to high demand price of bitcoin is also high in india?

There is nothing wrong in having higher prices in India, but due to these sudden price hikes that took place just because of demonetization, have you noticed that many other International exchanges have now restricted Indians to be able to buy Bitcoins at their websites? You cannot buy bitcoins even from Coinbase anymore? Don't you think that's unfair?

Nothing wrong with having high prices in India ?

Seems you didnt understand the concept of bitcoin my friend.
sr. member
Activity: 787
Merit: 276
Currency Xchanger™
December 02, 2016, 09:29:44 AM
#61
Grin
So the fun time over .. back to reality now slowly for India ..
well i must say enjoyed a lot during the price hike .. Thanks to Moneypolo gave me clean path to enter to btc-e with sweet rate and then come back to my favorite coinsecure for sale Tongue
Enjoyed while it lasted ... now hope the original BTC price hikes to 800$ then another enjoyment starts .. Smiley

you crazy guy price is still hiked its still 100$ above market rate.


Do explain me how you purchased from BTC-E I would like to do the same ...

I bought some coins via paypal yesterday at cheaper than today's price ...

Simply register at Moneypolo , Get yourself verified , Get physical VISA CARD for 15$ for withdrawal at local Indian ATMs , Then deposit with your debit card [ 4% + conversion rate INR TO USD ] then generate BTC-E Code in your moneypolo wallet 1% fees and then Deposit to BTC-E with 0% fee and enjoy BTC . Remember their verification is very hard , to get yourself Level 2 verified you need to video chat with their verification team Tongue , i am Level 2 verified in Moneypolo now and its quite amazing and fast and legal .


cheers    Grin Grin Grin Grin Grin Grin

Most amazing thing is the VISA Card Tongue , i tested and it withdraw flawlessly in Indian ATM Smiley remember per withdraw charge is 3.5$ so withdraw big only .. per day limit 2000$ max .

So how much fees do you get charged totally ? Still inefficient as you lose money on top of fees converting inr to usd .

for withdraw let say you load Moneypolo with BTC fees 1% and then withdraw via VISA Card fees 3.5$ whatever amount you withdraw fixed .. max withdraw per day 2000$ Smiley ; small withdraw = loss but big withdraw profit and anonymous . As there is nowhere PAN involved with Moneypolo .. Smiley; i tested withdraw 2000 INR , i ended up 1700 INR in hand with my new card ...


Considering so much of fees and formalities involved in doing this, its not at all easy it seems. Also just for example could you provide how much did 1 btc cost you buying including all the fees from Moneypolo and at what rate did you sold to Coinsecure?

Buying from BTC - E did profit when price was premium in India , but now its not much difference. I am not saying its the best option but at least it the best option to hold a foreign VISA Card and stay anonymous for your spending and purchase online items with it , withdraw via ATM  . Besides it gives you direct and lowest fee access to BTC-E .
hero member
Activity: 1218
Merit: 557
December 02, 2016, 01:37:50 AM
#60
Grin
So the fun time over .. back to reality now slowly for India ..
well i must say enjoyed a lot during the price hike .. Thanks to Moneypolo gave me clean path to enter to btc-e with sweet rate and then come back to my favorite coinsecure for sale Tongue
Enjoyed while it lasted ... now hope the original BTC price hikes to 800$ then another enjoyment starts .. Smiley

you crazy guy price is still hiked its still 100$ above market rate.


Do explain me how you purchased from BTC-E I would like to do the same ...

I bought some coins via paypal yesterday at cheaper than today's price ...

Simply register at Moneypolo , Get yourself verified , Get physical VISA CARD for 15$ for withdrawal at local Indian ATMs , Then deposit with your debit card [ 4% + conversion rate INR TO USD ] then generate BTC-E Code in your moneypolo wallet 1% fees and then Deposit to BTC-E with 0% fee and enjoy BTC . Remember their verification is very hard , to get yourself Level 2 verified you need to video chat with their verification team Tongue , i am Level 2 verified in Moneypolo now and its quite amazing and fast and legal .


cheers    Grin Grin Grin Grin Grin Grin

Most amazing thing is the VISA Card Tongue , i tested and it withdraw flawlessly in Indian ATM Smiley remember per withdraw charge is 3.5$ so withdraw big only .. per day limit 2000$ max .

So how much fees do you get charged totally ? Still inefficient as you lose money on top of fees converting inr to usd .

for withdraw let say you load Moneypolo with BTC fees 1% and then withdraw via VISA Card fees 3.5$ whatever amount you withdraw fixed .. max withdraw per day 2000$ Smiley ; small withdraw = loss but big withdraw profit and anonymous . As there is nowhere PAN involved with Moneypolo .. Smiley; i tested withdraw 2000 INR , i ended up 1700 INR in hand with my new card ...


Considering so much of fees and formalities involved in doing this, its not at all easy it seems. Also just for example could you provide how much did 1 btc cost you buying including all the fees from Moneypolo and at what rate did you sold to Coinsecure?
sr. member
Activity: 787
Merit: 276
Currency Xchanger™
December 01, 2016, 11:20:17 PM
#59
Enough guys... the more we feed these greedy sellers the more they will increase their prices...

If everyone stops buying btc from India they will be forced to revert to old prices.

Waiting for price to be as good as preev market place price then it's fine this is India not North Korea or Pakistan... even then I suspect those countries will be easier n cheaper to buy btc.
Whats wrong if price is high in india? Almost everything has different prices in different countries.Price of petrol for example, it is cheaper in some of our neighboring countries but we are paying more so whats wrong if due to high demand price of bitcoin is also high in india?

There is nothing wrong in having higher prices in India, but due to these sudden price hikes that took place just because of demonetization, have you noticed that many other International exchanges have now restricted Indians to be able to buy Bitcoins at their websites? You cannot buy bitcoins even from Coinbase anymore? Don't you think that's unfair?

Are you noob or what, when coinbase allowed indian can buy from them even you can't sell there. They never allowed it's always restricted there.
You can only use their wallet service nothing else.

i was also wondering the same thing , Coinbase never ever had Indian customers to purchase btc from them lol .. I don't know when he saw coinbase offered Indians to purchase bitcoin in their platform .  Grin
legendary
Activity: 2562
Merit: 1064
December 01, 2016, 04:53:35 PM
#58
Enough guys... the more we feed these greedy sellers the more they will increase their prices...

If everyone stops buying btc from India they will be forced to revert to old prices.

Waiting for price to be as good as preev market place price then it's fine this is India not North Korea or Pakistan... even then I suspect those countries will be easier n cheaper to buy btc.
Whats wrong if price is high in india? Almost everything has different prices in different countries.Price of petrol for example, it is cheaper in some of our neighboring countries but we are paying more so whats wrong if due to high demand price of bitcoin is also high in india?

There is nothing wrong in having higher prices in India, but due to these sudden price hikes that took place just because of demonetization, have you noticed that many other International exchanges have now restricted Indians to be able to buy Bitcoins at their websites? You cannot buy bitcoins even from Coinbase anymore? Don't you think that's unfair?

Are you noob or what, when coinbase allowed indian can buy from them even you can't sell there. They never allowed it's always restricted there.
You can only use their wallet service nothing else.
legendary
Activity: 2632
Merit: 1094
December 01, 2016, 01:55:15 PM
#57
Enough guys... the more we feed these greedy sellers the more they will increase their prices...

If everyone stops buying btc from India they will be forced to revert to old prices.

Waiting for price to be as good as preev market place price then it's fine this is India not North Korea or Pakistan... even then I suspect those countries will be easier n cheaper to buy btc.
Whats wrong if price is high in india? Almost everything has different prices in different countries.Price of petrol for example, it is cheaper in some of our neighboring countries but we are paying more so whats wrong if due to high demand price of bitcoin is also high in india?

There is nothing wrong in having higher prices in India, but due to these sudden price hikes that took place just because of demonetization, have you noticed that many other International exchanges have now restricted Indians to be able to buy Bitcoins at their websites? You cannot buy bitcoins even from Coinbase anymore? Don't you think that's unfair?

Which exchanges used to allow Indians to buy bitcoins? I have heard only Coinmama and 1-2 other sites and Coinbase has never allowed any other country except US to buy/sell bitcoins. When did they allow Indians?
legendary
Activity: 1218
Merit: 1007
December 01, 2016, 01:23:42 PM
#56
Enough guys... the more we feed these greedy sellers the more they will increase their prices...

If everyone stops buying btc from India they will be forced to revert to old prices.

Waiting for price to be as good as preev market place price then it's fine this is India not North Korea or Pakistan... even then I suspect those countries will be easier n cheaper to buy btc.
Whats wrong if price is high in india? Almost everything has different prices in different countries.Price of petrol for example, it is cheaper in some of our neighboring countries but we are paying more so whats wrong if due to high demand price of bitcoin is also high in india?

There is nothing wrong in having higher prices in India, but due to these sudden price hikes that took place just because of demonetization, have you noticed that many other International exchanges have now restricted Indians to be able to buy Bitcoins at their websites? You cannot buy bitcoins even from Coinbase anymore? Don't you think that's unfair?
sr. member
Activity: 787
Merit: 276
Currency Xchanger™
December 01, 2016, 07:34:58 AM
#55
for withdraw let say you load Moneypolo with BTC fees 1% and then withdraw via VISA Card fees 3.5$ whatever amount you withdraw fixed .. max withdraw per day 2000$ Smiley ; small withdraw = loss but big withdraw profit and anonymous . As there is nowhere PAN involved with Moneypolo .. Smiley; i tested withdraw 2000 INR , i ended up 1700 INR in hand with my new card ...
there are several scam accusation against moneypolo and so i am not sure about it and are you telling me that you could withdraw 2000 dollars or 2000 rupees using that service.We can sell the coin in the exchanges here in India and i am happy with the current price  Smiley

i can say scam accusations are false and no solid proof , i also checked those and those who did accusation failed to proof actually about it , I don't think MP scam cause they are registered with FCA and legal Financial institution you can really mark a company with some one or two scam accusation in here lol , One more thing you may check when you see BTC-E deposit via bank wire they use MP as their Bank wire deposit method and you will see Mayzus Bank details on BTC-E Wire deposit page and i don't think that Giant exchange like BTC-E will use some processor which is you say scam for their Bank Wire deposits for their customers and i did transaction over 2000$ now and zero issue always fast support . Also i told that you can withdraw 2000$ not rupees lol per day max via MP VISA Card .. https://moneypolo.com/int-en/products/prepaid-cards/    ; and you can use that card anywhere in the world visa accepted , shop online . There is no other company provide Card to Indians [ As far i know ] , every international company has restriction for Indians for their card service . This is the main benefit of it besides Direct BTC-E contact for Indians with lowest fees than anything else out there .
hero member
Activity: 518
Merit: 500
November 30, 2016, 06:58:31 PM
#54
Enough guys... the more we feed these greedy sellers the more they will increase their prices...

If everyone stops buying btc from India they will be forced to revert to old prices.

Waiting for price to be as good as preev market place price then it's fine this is India not North Korea or Pakistan... even then I suspect those countries will be easier n cheaper to buy btc.
Whats wrong if price is high in india? Almost everything has different prices in different countries.Price of petrol for example, it is cheaper in some of our neighboring countries but we are paying more so whats wrong if due to high demand price of bitcoin is also high in india?
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
November 30, 2016, 06:48:51 PM
#53
for withdraw let say you load Moneypolo with BTC fees 1% and then withdraw via VISA Card fees 3.5$ whatever amount you withdraw fixed .. max withdraw per day 2000$ Smiley ; small withdraw = loss but big withdraw profit and anonymous . As there is nowhere PAN involved with Moneypolo .. Smiley; i tested withdraw 2000 INR , i ended up 1700 INR in hand with my new card ...
there are several scam accusation against moneypolo and so i am not sure about it and are you telling me that you could withdraw 2000 dollars or 2000 rupees using that service.We can sell the coin in the exchanges here in India and i am happy with the current price  Smiley
sr. member
Activity: 787
Merit: 276
Currency Xchanger™
November 30, 2016, 11:50:39 AM
#52
Grin
So the fun time over .. back to reality now slowly for India ..
well i must say enjoyed a lot during the price hike .. Thanks to Moneypolo gave me clean path to enter to btc-e with sweet rate and then come back to my favorite coinsecure for sale Tongue
Enjoyed while it lasted ... now hope the original BTC price hikes to 800$ then another enjoyment starts .. Smiley

you crazy guy price is still hiked its still 100$ above market rate.


Do explain me how you purchased from BTC-E I would like to do the same ...

I bought some coins via paypal yesterday at cheaper than today's price ...

Simply register at Moneypolo , Get yourself verified , Get physical VISA CARD for 15$ for withdrawal at local Indian ATMs , Then deposit with your debit card [ 4% + conversion rate INR TO USD ] then generate BTC-E Code in your moneypolo wallet 1% fees and then Deposit to BTC-E with 0% fee and enjoy BTC . Remember their verification is very hard , to get yourself Level 2 verified you need to video chat with their verification team Tongue , i am Level 2 verified in Moneypolo now and its quite amazing and fast and legal .


cheers    Grin Grin Grin Grin Grin Grin

Most amazing thing is the VISA Card Tongue , i tested and it withdraw flawlessly in Indian ATM Smiley remember per withdraw charge is 3.5$ so withdraw big only .. per day limit 2000$ max .

So how much fees do you get charged totally ? Still inefficient as you lose money on top of fees converting inr to usd .

for withdraw let say you load Moneypolo with BTC fees 1% and then withdraw via VISA Card fees 3.5$ whatever amount you withdraw fixed .. max withdraw per day 2000$ Smiley ; small withdraw = loss but big withdraw profit and anonymous . As there is nowhere PAN involved with Moneypolo .. Smiley; i tested withdraw 2000 INR , i ended up 1700 INR in hand with my new card ...
sr. member
Activity: 637
Merit: 262
November 30, 2016, 09:36:25 AM
#51
Grin
So the fun time over .. back to reality now slowly for India ..
well i must say enjoyed a lot during the price hike .. Thanks to Moneypolo gave me clean path to enter to btc-e with sweet rate and then come back to my favorite coinsecure for sale Tongue
Enjoyed while it lasted ... now hope the original BTC price hikes to 800$ then another enjoyment starts .. Smiley

you crazy guy price is still hiked its still 100$ above market rate.


Do explain me how you purchased from BTC-E I would like to do the same ...

I bought some coins via paypal yesterday at cheaper than today's price ...

Simply register at Moneypolo , Get yourself verified , Get physical VISA CARD for 15$ for withdrawal at local Indian ATMs , Then deposit with your debit card [ 4% + conversion rate INR TO USD ] then generate BTC-E Code in your moneypolo wallet 1% fees and then Deposit to BTC-E with 0% fee and enjoy BTC . Remember their verification is very hard , to get yourself Level 2 verified you need to video chat with their verification team Tongue , i am Level 2 verified in Moneypolo now and its quite amazing and fast and legal .


cheers    Grin Grin Grin Grin Grin Grin

Most amazing thing is the VISA Card Tongue , i tested and it withdraw flawlessly in Indian ATM Smiley remember per withdraw charge is 3.5$ so withdraw big only .. per day limit 2000$ max .

So how much fees do you get charged totally ? Still inefficient as you lose money on top of fees converting inr to usd .
sr. member
Activity: 787
Merit: 276
Currency Xchanger™
November 29, 2016, 08:48:32 PM
#50
Grin
So the fun time over .. back to reality now slowly for India ..
well i must say enjoyed a lot during the price hike .. Thanks to Moneypolo gave me clean path to enter to btc-e with sweet rate and then come back to my favorite coinsecure for sale Tongue
Enjoyed while it lasted ... now hope the original BTC price hikes to 800$ then another enjoyment starts .. Smiley

you crazy guy price is still hiked its still 100$ above market rate.


Do explain me how you purchased from BTC-E I would like to do the same ...

I bought some coins via paypal yesterday at cheaper than today's price ...

Simply register at Moneypolo , Get yourself verified , Get physical VISA CARD for 15$ for withdrawal at local Indian ATMs , Then deposit with your debit card [ 4% + conversion rate INR TO USD ] then generate BTC-E Code in your moneypolo wallet 1% fees and then Deposit to BTC-E with 0% fee and enjoy BTC . Remember their verification is very hard , to get yourself Level 2 verified you need to video chat with their verification team Tongue , i am Level 2 verified in Moneypolo now and its quite amazing and fast and legal .


cheers    Grin Grin Grin Grin Grin Grin

Most amazing thing is the VISA Card Tongue , i tested and it withdraw flawlessly in Indian ATM Smiley remember per withdraw charge is 3.5$ so withdraw big only .. per day limit 2000$ max .
member
Activity: 78
Merit: 10
smart contracts innovations on ethereum blockchain
November 29, 2016, 10:43:56 AM
#49
 Grin
So the fun time over .. back to reality now slowly for India ..
well i must say enjoyed a lot during the price hike .. Thanks to Moneypolo gave me clean path to enter to btc-e with sweet rate and then come back to my favorite coinsecure for sale Tongue
Enjoyed while it lasted ... now hope the original BTC price hikes to 800$ then another enjoyment starts .. Smiley

you crazy guy price is still hiked its still 100$ above market rate.


Do explain me how you purchased from BTC-E I would like to do the same ...

I bought some coins via paypal yesterday at cheaper than today's price ...

Simply register at Moneypolo , Get yourself verified , Get physical VISA CARD for 15$ for withdrawal at local Indian ATMs , Then deposit with your debit card [ 4% + conversion rate INR TO USD ] then generate BTC-E Code in your moneypolo wallet 1% fees and then Deposit to BTC-E with 0% fee and enjoy BTC . Remember their verification is very hard , to get yourself Level 2 verified you need to video chat with their verification team Tongue , i am Level 2 verified in Moneypolo now and its quite amazing and fast and legal .


cheers    Grin Grin Grin Grin Grin Grin
sr. member
Activity: 787
Merit: 276
Currency Xchanger™
November 29, 2016, 09:56:40 AM
#48
So the fun time over .. back to reality now slowly for India ..
well i must say enjoyed a lot during the price hike .. Thanks to Moneypolo gave me clean path to enter to btc-e with sweet rate and then come back to my favorite coinsecure for sale Tongue
Enjoyed while it lasted ... now hope the original BTC price hikes to 800$ then another enjoyment starts .. Smiley

you crazy guy price is still hiked its still 100$ above market rate.


Do explain me how you purchased from BTC-E I would like to do the same ...

I bought some coins via paypal yesterday at cheaper than today's price ...

Simply register at Moneypolo , Get yourself verified , Get physical VISA CARD for 15$ for withdrawal at local Indian ATMs , Then deposit with your debit card [ 4% + conversion rate INR TO USD ] then generate BTC-E Code in your moneypolo wallet 1% fees and then Deposit to BTC-E with 0% fee and enjoy BTC . Remember their verification is very hard , to get yourself Level 2 verified you need to video chat with their verification team Tongue , i am Level 2 verified in Moneypolo now and its quite amazing and fast and legal .
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