A new player is accepting cash

[rsarkar]

Just stumbled upon this ad on Facebook about some random company called BitcoinJoy

My question to the community is Is accepting cash good for a bitcoin business and the Bitcoin ecosystem in the country?
Pls share ur views

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[bitcoinisbest]

What will you suggest to Bitcoin Joy if you are from India then you might be aware for black money 500 - 1000 notes are banned and if he is buying/selling in cash so what the result likely to be?

[nizamcc]

What will you suggest to Bitcoin Joy if you are from India then you might be aware for black money 500 - 1000 notes are banned and if he is buying/selling in cash so what the result likely to be?

It is not necessary that Bitcoin Joy would be taking those banned notes from us, did they write it in their advert?
Second, bitcoins are already being sold for cash since years, so what has it to do specifically with this ad?

[bitcoinisbest]

What will you suggest to Bitcoin Joy if you are from India then you might be aware for black money 500 - 1000 notes are banned and if he is buying/selling in cash so what the result likely to be?

It is not necessary that Bitcoin Joy would be taking those banned notes from us, did they write it in their advert?
Second, bitcoins are already being sold for cash since years, so what has it to do specifically with this ad?

Since years cash transaction were happening so why there was a need to ban 500- 1000 notes, it should have continued like years cash transaction of bitcoins happening. But it dint worked right and finally ban came to curb the cash transaction. So will happen with btc.

[rsarkar]

What will you suggest to Bitcoin Joy if you are from India then you might be aware for black money 500 - 1000 notes are banned and if he is buying/selling in cash so what the result likely to be?

It is not necessary that Bitcoin Joy would be taking those banned notes from us, did they write it in their advert?
Second, bitcoins are already being sold for cash since years, so what has it to do specifically with this ad?

Going by the pace of awareness of Bitcoin in India;For instance, a random guy behind me in the queue of Stan C ATM enquiried about Bitcoin price while I was surfing localbitcoins and other instance where I got a call from a Surat guy asking for help regarding finding customers for his Bitcoin business dealing with old rather invalid currency notes made me realize that at a certain time if it highly likely that Bitcoin will come in the purview of the democrats as a safe haven for stashing black money.So there would exist three possibilities:
- RBI will start regulating Bitcoin
- Bitcoin may be banned in India
- Bitcoin community in India decides whether to deal with cash or not to keep a safer practice for trade.

Your views are welcome.

[nizamcc]

What will you suggest to Bitcoin Joy if you are from India then you might be aware for black money 500 - 1000 notes are banned and if he is buying/selling in cash so what the result likely to be?

It is not necessary that Bitcoin Joy would be taking those banned notes from us, did they write it in their advert?
Second, bitcoins are already being sold for cash since years, so what has it to do specifically with this ad?

Since years cash transaction were happening so why there was a need to ban 500- 1000 notes, it should have continued like years cash transaction of bitcoins happening. But it dint worked right and finally ban came to curb the cash transaction. So will happen with btc.

But the difference here is, even if the ban is announced just as it was, in few other countries, people still have alternatives like VPN services through which they can still use bitcoins, but do you have an alternative to use those 500-1000 notes which became garbage now after that ban (in case you have black money).

[pvaspecialist]

Just stumbled upon this ad on Facebook about some random company called BitcoinJoy
My question to the community is Is accepting cash good for a bitcoin business and the Bitcoin ecosystem in the country?
Pls share ur views

I dont understand what you mean by this?
are you promoting BitcoinJoy or investment site (on the post have bitcoin investment site)
bitcoin is a cryptocurrency and you can exchange bitcoin to cash or cash to bitcoin.

- RBI will start regulating Bitcoin
- Bitcoin may be banned in India
- Bitcoin community in India decides whether to deal with cash or not to keep a safer practice for trade.

Your views are welcome.

RBI can not regulating Bitcoin.Any government or financial institution regulating Bitcoin,bitcoin is free for all
Bitcoin may be banned in India.may be if government think people are doing illegal stuff.
Not only Bitcoin community in India decides all Bitcointalk community decides keep a safer practice for trade.

[nizamcc]

- RBI will start regulating Bitcoin
- Bitcoin may be banned in India
- Bitcoin community in India decides whether to deal with cash or not to keep a safer practice for trade.

Your views are welcome.

RBI can not regulating Bitcoin.Any government or financial institution regulating Bitcoin,bitcoin is free for all
Bitcoin may be banned in India.may be if government think people are doing illegal stuff.
Not only Bitcoin community in India decides all Bitcointalk community decides keep a safer practice for trade.

RBI can't regulate bitcoins, but decentralization doesn't mean that these finances would be hidden from their eyes.
In the end, you will surely go for cash or even money in banks, and a time will come they will ask a reason behind the money that is coming from different accounts to your account.

[bitcoinisbest]

Still nobody have actually tried it seems as there are no reviews about trading in the cash with the mentioned post. In case anybody has dealt and would like to share experience with others are welcome.

[rajasumi2]

cash transactions are going on for ages but there are too many illegal activities going on cash transaction through bitcoins .well i would recomend u to use zebpay which is rather good and bette rto use and they use bank transfer which is totally okay .kudoos