Author

Topic: Who's spending their coins? (Read 1485 times)

legendary
Activity: 1008
Merit: 1000
June 10, 2014, 02:40:55 AM
#29
Which service if available in India would you avail for cryptocoins?
Do Indians want to spend their coins?


Nopes ...I prefer to HODL  Wink

I am HODLing too. Don't have much anyway to worth spending them now.
legendary
Activity: 952
Merit: 1000
Stagnation is Death
June 08, 2014, 02:17:50 AM
#28
I have spent 1 bitcoin till date, bought a pair of headphones  Grin
sr. member
Activity: 261
Merit: 250
The Bitcoin Store for India
June 07, 2014, 08:48:18 AM
#27
So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!

If a single thread can get you to reach that conclusion, then your survey is not correct.
There are people spending Bitcoin. A go-karting place in Mumbai recently started accepting bitcoins and I have received news that some funds are trickling in. Their main clientele happen to be the young and hip kids who have enough of daddy's money to stay in the game.
The merchant has to identify his clientele and then accept Bitcoin to see the real impact.

Ok then. I have an idea to take this survey to the field. Will disclose the findings soon.

Just FYI

We are working on a service where about 100+ merchants across India will start accepting bitcoins and other cryptocurrencies

However the problem is not accepting it. The problem is nobody want to spend it.

Will look forward for a change in consumer behavior.

Regards,
Amit Kumar
sr. member
Activity: 452
Merit: 252
from democracy to self-rule.
June 07, 2014, 06:03:46 AM
#26
So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!

If a single thread can get you to reach that conclusion, then your survey is not correct.
There are people spending Bitcoin. A go-karting place in Mumbai recently started accepting bitcoins and I have received news that some funds are trickling in. Their main clientele happen to be the young and hip kids who have enough of daddy's money to stay in the game.
The merchant has to identify his clientele and then accept Bitcoin to see the real impact.

Ok then. I have an idea to take this survey to the field. Will disclose the findings soon.
legendary
Activity: 1258
Merit: 1001
June 06, 2014, 02:50:15 PM
#25
So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!

If a single thread can get you to reach that conclusion, then your survey is not correct.
There are people spending Bitcoin. A go-karting place in Mumbai recently started accepting bitcoins and I have received news that some funds are trickling in. Their main clientele happen to be the young and hip kids who have enough of daddy's money to stay in the game.
The merchant has to identify his clientele and then accept Bitcoin to see the real impact.
+1
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
June 06, 2014, 12:24:03 PM
#24
So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!

If a single thread can get you to reach that conclusion, then your survey is not correct.
There are people spending Bitcoin. A go-karting place in Mumbai recently started accepting bitcoins and I have received news that some funds are trickling in. Their main clientele happen to be the young and hip kids who have enough of daddy's money to stay in the game.
The merchant has to identify his clientele and then accept Bitcoin to see the real impact.
sr. member
Activity: 452
Merit: 252
from democracy to self-rule.
June 06, 2014, 09:42:39 AM
#23
So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!
legendary
Activity: 1258
Merit: 1001
June 06, 2014, 02:17:38 AM
#22
You know dashingriddler, how tough for traders like us to get some Bitcoins out of our rolling for spending...We are always either short of FIAT or Bitcoins Tongue

Regards
As if i do not know now ! For me most of the times it is short of FIAT though.
legendary
Activity: 1105
Merit: 1001
https://www.zebpay.com
June 06, 2014, 02:12:14 AM
#21
You know dashingriddler, how tough for traders like us to get some Bitcoins out of our rolling for spending...We are always either short of FIAT or Bitcoins Tongue

Regards
legendary
Activity: 1258
Merit: 1001
June 06, 2014, 02:09:59 AM
#20
We have spent some coins for advertising etc.

Regards
Yeah yeah, i remember you paid me for GBC sponsorship in bitcoins.
legendary
Activity: 1105
Merit: 1001
https://www.zebpay.com
June 06, 2014, 01:57:51 AM
#19
We have spent some coins for advertising etc.

Regards
legendary
Activity: 1105
Merit: 1001
https://www.zebpay.com
June 06, 2014, 01:56:52 AM
#18

Did they got even a single payment in Bitcoin Tongue

Regards
legendary
Activity: 1258
Merit: 1001
June 05, 2014, 02:12:44 PM
#17
According to me, a boutique accepting bitcoin would rock ! Think about it Smiley
legendary
Activity: 1258
Merit: 1001
June 05, 2014, 02:11:42 PM
#16
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
June 05, 2014, 12:46:40 PM
#15
I would - for a spa

Go to chandigarh for spa and salon Cheesy
I'm from Chandigarh and was lil excited when i first heard about CastleBloom accepting bitcoin, early this year, but later with RBI's involvement they stopped it I'll love to see them getting back to bitcoins later this year.
legendary
Activity: 1020
Merit: 1000
June 05, 2014, 08:04:14 AM
#14


Spent bitcoins (converted them to fiat at current rate) for magazine subscription
member
Activity: 67
Merit: 10
June 05, 2014, 06:47:50 AM
#13
currently not spending any Cheesy  just have small portion to hold
legendary
Activity: 2562
Merit: 1064
June 05, 2014, 03:52:51 AM
#12
So basically no one wants to spend here. That explains lack of business perhaps?

lol, Its India and India is famous for saving not spending.
sr. member
Activity: 452
Merit: 252
from democracy to self-rule.
June 05, 2014, 03:23:13 AM
#11
So basically no one wants to spend here. That explains lack of business perhaps?
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
June 05, 2014, 02:59:56 AM
#10
legendary
Activity: 1258
Merit: 1001
June 05, 2014, 02:26:26 AM
#9
I would - for a spa

Go to chandigarh for spa and salon Cheesy
They stopped accepting bitcoins No?
newbie
Activity: 28
Merit: 0
June 04, 2014, 04:30:40 PM
#8
Not yet...... >.<


Collector here


What about ebay.com? Any news? I'dd love  Cool
legendary
Activity: 2562
Merit: 1064
June 04, 2014, 04:04:13 PM
#7
I want to spend Bitcoins in Restaurant.

Thandani's in Mumbai

I am in Delhi, but still PM me address my family in Mumbai and I go every year Mumbai so surely will visit Thandani's.
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
June 04, 2014, 03:56:41 PM
#6
I want to spend Bitcoins in Restaurant.

Thandani's in Mumbai
legendary
Activity: 2562
Merit: 1064
June 04, 2014, 03:54:10 PM
#5
I want to spend Bitcoins in Restaurant.
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
June 04, 2014, 03:19:47 PM
#4
I would - for a spa

Go to chandigarh for spa and salon Cheesy
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
June 04, 2014, 08:35:22 AM
#3
Which service if available in India would you avail for cryptocoins?
Do Indians want to spend their coins?


Nopes ...I prefer to HODL  Wink
legendary
Activity: 1258
Merit: 1001
June 04, 2014, 06:39:59 AM
#2
I would - for a spa
sr. member
Activity: 452
Merit: 252
from democracy to self-rule.
June 04, 2014, 06:33:16 AM
#1
Which service if available in India would you avail for cryptocoins?
Do Indians want to spend their coins?
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