Welcome to Indians

[zee11229]

Hi everyone, I am new here

[1714181088]

1714181088

[jawed]

Any indian startups working with bitcoin technology ?? 

That question i would say is rather vague the reason being bitcoin is a cryptocurrency just like other currencies u can accept or send it against goods,etc. So just implementing that as a payment method is one thing.

another thing is there are bitcoin startups like zebpay where u can exchange bitcoins for local currency.

If u talk about technology then you should look into the blockchain technology which is quite interesting.

I am not living in india from past few months and havent been following the current state maybe if someone can shine some light whether any startup is using this technology which is not just exchange like zebpay that would be great.

Crytocurrencies as a mode of payment for buying/selling of goods/assets and for services performed, are still almost negligible in India. Mostly the awarded masses are just using it as a mode of investment. It is mostly seen as an asset to either trade or accumulate in anticipation of phenomenonal rise in the market price of the currency.

Masses at large are still not aware of the concept, even in city like Mumbai.
Govt's stand regarding the concept is still not clear. Maybe that's discouraging people to accept the concept as fair and legal.

[aizzaku]

Crytocurrencies as a mode of payment for buying/selling of goods/assets and for services performed, are still almost negligible in India. Mostly the awarded masses are just using it as a mode of investment. It is mostly seen as an asset to either trade or accumulate in anticipation of phenomenonal rise in the market price of the currency.

Masses at large are still not aware of the concept, even in city like Mumbai.
Govt's stand regarding the concept is still not clear. Maybe that's discouraging people to accept the concept as fair and legal.

I would agree with what you say. The question to be addressed is 'WHY'.
Technology has not penetrated alot of India, which might be the reason. Even though it is very convenient to use bitcoins but it is still not that easy to acquire them. One needs to understand at least few basic things and apart from that why would any common person would buy them knowing that you can't buy groceries with it.

Even though there is a market for this cryptocurrency in India,the amount of people, the value for the stakeholders isn't high enough and by value i am not talking about the price.

[zee11229]

Nice to see a lots of Indian here

[jawed]

Crytocurrencies as a mode of payment for buying/selling of goods/assets and for services performed, are still almost negligible in India. Mostly the awarded masses are just using it as a mode of investment. It is mostly seen as an asset to either trade or accumulate in anticipation of phenomenonal rise in the market price of the currency.

Masses at large are still not aware of the concept, even in city like Mumbai.
Govt's stand regarding the concept is still not clear. Maybe that's discouraging people to accept the concept as fair and legal.

I would agree with what you say. The question to be addressed is 'WHY'.
Technology has not penetrated alot of India, which might be the reason. Even though it is very convenient to use bitcoins but it is still not that easy to acquire them. One needs to understand at least few basic things and apart from that why would any common person would buy them knowing that you can't buy groceries with it.

Even though there is a market for this cryptocurrency in India,the amount of people, the value for the stakeholders isn't high enough and by value i am not talking about the price.

I totally agree with ur point of view. We need some form of awareness campaigns, especially for collage students. Catch them young and watch them grow

[vaibhavsingh]

hii everyone I'm from India too..
btw know of some cheap sellers of bitcoins?
all have inflated prices lol

[aizzaku]

hii everyone I'm from India too..
btw know of some cheap sellers of bitcoins?
all have inflated prices lol

Hi, have you tried localbitcoins website?

Maybe you find someone who is quite close to your location for a meetup and believe me if you know how to negotiate, face to face is the best choice. Give it a try and maybe you get a good deal for you money.

[zahra4577]

hii everyone I'm from India too..
btw know of some cheap sellers of bitcoins?
all have inflated prices lol

Hi, have you tried localbitcoins website?

Maybe you find someone who is quite close to your location for a meetup and believe me if you know how to negotiate, face to face is the best choice. Give it a try and maybe you get a good deal for you money.

I think the best way to buy bitcoin is through exchanges.You might have to pay a bit more but they are much safer.
You never know the intention of anyone who you are dealing with.He may be some criminal who when meets you may rob you.
Better safe than sorry.

[Akhislam]

Welcome everyone
I am new here too

[aizzaku]

hii everyone I'm from India too..
btw know of some cheap sellers of bitcoins?
all have inflated prices lol

Hi, have you tried localbitcoins website?

Maybe you find someone who is quite close to your location for a meetup and believe me if you know how to negotiate, face to face is the best choice. Give it a try and maybe you get a good deal for you money.

I think the best way to buy bitcoin is through exchanges.You might have to pay a bit more but they are much safer.
You never know the intention of anyone who you are dealing with.He may be some criminal who when meets you may rob you.
Better safe than sorry.

Well i think you watch too much crime series.

anyways, i wouldn't say you are complete wrong but on localbitcoins there are reputed dealers who would like to keep their reputation for further business and i don't think such people pull this kind of shit.

[zahra4577]

hii everyone I'm from India too..
btw know of some cheap sellers of bitcoins?
all have inflated prices lol

Hi, have you tried localbitcoins website?

Maybe you find someone who is quite close to your location for a meetup and believe me if you know how to negotiate, face to face is the best choice. Give it a try and maybe you get a good deal for you money.

I think the best way to buy bitcoin is through exchanges.You might have to pay a bit more but they are much safer.
You never know the intention of anyone who you are dealing with.He may be some criminal who when meets you may rob you.
Better safe than sorry.

Well i think you watch too much crime series.

anyways, i wouldn't say you are complete wrong but on localbitcoins there are reputed dealers who would like to keep their reputation for further business and i don't think such people pull this kind of shit.

And I think you don't read news and are totally unaware of whats happening around the world
" The most recent Bitcoin robbery
reported to police is typical for this
new breed of crime. New York City
firefighter Dwayne Richards headed
to Brooklyn to meet up with
someone who apparently wanted to
exchange Bitcoins for cash. Instead
he was mugged and stabbed, but
survived and is recovering well."
 http://www.geek.com/geek-cetera/bitcoin-is-being-stolen-at-gunpoint-in-new-york-1616264/

Why take chance and repent later when you can do it safer way?

[Cryptocrew]

This is an amazing thread. Happy to be a part of it? Any bitcoin Miners/ users in Bangalore ? Will be happy to connect

[ap1010]

I am new to this forum and thread. Hello everyone there !

Got a basic question - how do you compare rates provided on localbitcoins.com v/s Zebpay / Unocoin etc. There seems to be a delta of INR1000+ most of the time. Has anyone evaluated

(1) how localbitcoins.com is different than other exchanges or platforms in India
(2) any advise on which of the Indian platform is good to begin with
(3) Is bitcoin liquidity dependent on the platform (zebpay, unocoin etc). or how is this managed at the country level

apologies if these are already discussed /answered. Appreciate if you can point me to right resources.

[matumbaman]

It seems that our board isn't that active at all, where are those Indians that are active here everyday?

[zee11229]

what will happen if govt. ban bitcoin?

[Ameeta]

Thanks for welcoming us. Hope I will gain more knowledge about BTC here.

[akija]

Thanks for the warm welcome

[kabit9]

newbie from Mumbai here to crypto-currencies.

i have also created a small blog as an attempt to clarify and condense the information I come across.

https://99cryptocoins.wixsite.com/99cryptocoins


hello to all fellow enthusiasts in India

[aizzaku]

newbie from Mumbai here to crypto-currencies.

i have also created a small blog as an attempt to clarify and condense the information I come across.

https://99cryptocoins.wixsite.com/99cryptocoins


hello to all fellow enthusiasts in India

Hi, welcome.

That is a very good initiative, i would suggest you focus on your region for bitcoin adaptation.
Even i am from near Mumbai actually.


If you are willing to write down some good content then i would say purchase a domain. I can help you setup wordpress blog and a simple design.

[kabit9]

Hi, welcome.

That is a very good initiative, i would suggest you focus on your region for bitcoin adaptation.
Even i am from near Mumbai actually.


If you are willing to write down some good content then i would say purchase a domain. I can help you setup wordpress blog and a simple design.

what do you mean exactly by 'focus on your region for bitcoin adaption'?

yes i want to create a small but informative site for beginners like me, any help in terms of content, accuracy, etc would be deeply appreciated. we can buy a domain perhaps in a few weeks once we have all the ideas and structure in place.

thanks!