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Title: [2016-11-16] Bitcoin Purchases in India Increase by 20-30 percent Post by: OmegaStarScream on November 14, 2016, 07:07:30 AM The recent move by the Indian government to demonetize high value currency notes has resulted in higher demand for alternative assets. The premium that Bitcoin commands in the Indian market, as compared to international markets, has widened.
https://cointelegraph.com/news/in-midst-of-demonetization-chaos-bitcoin-purchases-in-india-increase-by-20-30-percent Title: Re: [2016-11-16] Bitcoin Purchases in India Increase by 20-30 percent Post by: snipie on November 14, 2016, 09:37:30 PM hey omega, you need to correct the date since it is 2016-11-14 :P
Quote Re: [2016-11-16] Bitcoin Purchases in India Increase by 20-30 percent The recent move by the Indian government to demonetize high value currency notes has resulted in higher demand for alternative assets. The premium that Bitcoin commands in the Indian market, as compared to international markets, has widened. https://cointelegraph.com/news/in-midst-of-demonetization-chaos-bitcoin-purchases-in-india-increase-by-20-30-percent and converting fiat to bitcoin isn't that easy / cheap as it appears, the operation is so expensive and bitcoin is very overpriced :-\ Quote People who wanted to convert cash into Bitcoins have been left disappointed Quote The price of Bitcoin at India’s Unocoin exchange was ~INR54K ($800). This represents a 12 percent premium over Bitcoin’s price in international exchanges. Title: Re: [2016-11-16] Bitcoin Purchases in India Increase by 20-30 percent Post by: chase580 on November 15, 2016, 01:58:25 AM Great that it's increased, but by how much? If bitcoin buys increased in Laos by 500%, I wouldn't give a crap because that probably means going from 1btc of buy to 5btc of buy.
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