Indonesian now in the top 10 bitcoin market in world...

[elyas772]

source : http://coinmarketcap.com/currencies/bitcoin/#markets
market : https://vip.bitcoin.co.id/

Indonesian is the next potential Asian power ?
we can see now indonesian market is the second largest market after China in Asia
and now in the top 10

what do you think about Bitcoin In Indonesia in future ?

for all investor are you interesting to open bitcoin ATM in Indonesia ? now we have only 2 place Bali and Jakarta
http://coinatmradar.com/country/100/bitcoin-atm-indonesia/

[danielW]

In Bali now, it has a thriving Bitcoin scene.

[mrongoz_imut]

good news .... i like it

[ronaldo40]

The moment I see rate vip.bitcoin.co.id always have the lowest rate of another exchanger, this is good for you do arbitrage

[blackmachinegun]

The moment I see rate vip.bitcoin.co.id always have the lowest rate of another exchanger, this is good for you do arbitrage

Woww congrats! 4k bitcoin volume. Also yeah i see low rates there , it could be arbitraged with kraken or huobi as they had higher rates.

[bb2ebb]

over 1,000 bitcoin has traded at market Indonesia at last week. it's very amazing in  Indonesia within 1 month

[ronaldo40]

The moment I see rate vip.bitcoin.co.id always have the lowest rate of another exchanger, this is good for you do arbitrage

Woww congrats! 4k bitcoin volume. Also yeah i see low rates there , it could be arbitraged with kraken or huobi as they had higher rates.

Now the volume has reached 5.071,3BTC wow . yeah I have also already tried arbitrage to BTC-e

[romjpn]

source : http://coinmarketcap.com/currencies/bitcoin/#markets
market : https://vip.bitcoin.co.id/

Indonesian is the next potential Asian power ?
we can see now indonesian market is the second largest market after China in Asia
and now in the top 10

what do you think about Bitcoin In Indonesia in future ?

for all investor are you interesting to open bitcoin ATM in Indonesia ? now we have only 2 place Bali and Jakarta
http://coinatmradar.com/country/100/bitcoin-atm-indonesia/

So Japan is not in Asia, what a news ! Japanese exchanges (JPY) are getting a bigger volume. BTC/JPY is probably the third or fourth most traded pair now.

[teddy5145]

Well, Bitcoin is currently booming in popularity in Indonesia especially after the bomb incident, no surprise to see it getting to top 10
The problem is, there's a big population of BTC users in Indonesia still getting the Bitcoin from Faucets which is a waste of time
I tried to tell them they can get better BTC on Sig campaigns but they seem don't care about it at all
Maybe it's not the time for them to join sig campaigns

[BAGOBO]

I'm proud for this news !
but since indonesian economy still unstable, it's quite difficult to gather bitcoin holder.
Also recently , There are some incident like these one :  Indonesian bomber try asking for ransom and want to get paid for bitcoin. Because of this incident, bitcoin will received bad reputation  http://www.thejakartapost.com/news/2015/10/30/alam-sutera-bomber-says-he-was-trying-repay-debts.html

[NorrisK]

I'm proud for this news !
but since indonesian economy still unstable, it's quite difficult to gather bitcoin holder.
Also recently , There are some incident like these one :  Indonesian bomber try asking for ransom and want to get paid for bitcoin. Because of this incident, bitcoin will received bad reputation  http://www.thejakartapost.com/news/2015/10/30/alam-sutera-bomber-says-he-was-trying-repay-debts.html

This will always happen as bitcoin is currently the safest way to demand your ransom..

Really cool that Indonesia is starting to embrace bitcoin. Economic instability is a good motitvator to get in. But can also make it hard to enter as you don't have cash to spare and buy bitcoin with.

[lottery248]

IIRC bitcoin is illegal in indonesia. 
how can bitcoin be tradable in indonesia?

[dothebeats]

IIRC bitcoin is illegal in indonesia. 
how can bitcoin be tradable in indonesia?

From which source have you learned this stuff? If it is illegal then why would there be an exchange having thousands of bitcoins being traded openly? Russia is one country I know that prohibits any bitcoin-related activity.

[Betwrong]

source : http://coinmarketcap.com/currencies/bitcoin/#markets
market : https://vip.bitcoin.co.id/

Indonesian is the next potential Asian power ?
we can see now indonesian market is the second largest market after China in Asia
and now in the top 10

what do you think about Bitcoin In Indonesia in future ?

for all investor are you interesting to open bitcoin ATM in Indonesia ? now we have only 2 place Bali and Jakarta
http://coinatmradar.com/country/100/bitcoin-atm-indonesia/

That's a great news. Not very unexpected though, considering the fact that population of Indonesia is over 255 million now.

I think the future of Bitcoin in Indonesia is bright because nowadays Indonesia's governmental structure is based on economic and political co-operation with Western nations.

[teddy5145]

IIRC bitcoin is illegal in indonesia. 
how can bitcoin be tradable in indonesia?

Indonesia's law is pretty neutral regarding bitcoin
Meaning they will let people do a transactions with bitcoin
But
If you somehow got scammed with Bitcoins you can't ask for the help from the law

That's what i heard from my fellow Indonesians

But the good news is The citizen of Indonesia is accepting Bitcoins, There's a Bitcoin Cafe in Bali, Bitcoin ATMs in Jakarta
Too bad there aren't anything like that in my city

[medUSA]

Indonesia's law is pretty neutral regarding bitcoin
Meaning they will let people do a transactions with bitcoin

I believe it is not illegal to own bitcoin in Indonesia. Last year, Bank of Indonesia states that "bitcoin and other virtual currency are not currency or legal payment instrument in Indonesia". Things could have changed now in 2015, the legality of bitcoin in Indonesia is still unclear.

[tom555]

IIRC bitcoin is illegal in indonesia. 
how can bitcoin be tradable in indonesia?

let me explain little fact,i know this from any news about bitcoin in indonesia.yes thats right that bitcoin illegal in indonesia,but there was many bitcoin traded there,it because bitcoin have a good community they also have CEO of bitcoin indonesia,bitcoin illegal but not prohibit to be traded,they able to have bitcoin,but they cant use bitcoin for payment,indonesia govenor just legalize payment with local currency (IDR). that whyso many bitcoin traded in indonesia.

[hasiramasenju]

i'm glad to see my country includes the top 10 biggest market of bitcoin in the world

and i'm really hope the volume still increase again every day

[btccashacc]

Indonesia's law is pretty neutral regarding bitcoin
Meaning they will let people do a transactions with bitcoin

I believe it is not illegal to own bitcoin in Indonesia. Last year, Bank of Indonesia states that "bitcoin and other virtual currency are not currency or legal payment instrument in Indonesia". Things could have changed now in 2015, the legality of bitcoin in Indonesia is still unclear.

Not only bitcoin and other virtual payment,but dollar or other curency is illegal in Indonesia, you can't buy anything on store with dollar directly or you will get the punishment, but you can keep using bitcoin as comidity which is like gold,silver etc and you able to trade them.
 
here statemant of the Bank Indonesia

"Each party, either an individual or a corporation, must use the Rupiah (IDR) in every transaction in cash and/ or non-cash transactions in NKRI (Indonesia)"

And the statement about bitcoin

"In view of the Act No. 7 Year 2012 concerning Currency and Act No. 23 Year 1999 which has been amended several times, the latest with Act No. 6 Year 2009, Bank Indonesia states that Bitcoin and other virtual currency are not currency or legal payment instrument in Indonesia.
 
The society is encouraged to be careful toward Bitcoin and other virtual currency. All risks related to the ownership/use of Bitcoin should be borne by the owner/user of the Bitcoin and other virtual currency."

Official link : http://www.bi.go.id/en/ruang-media/siaran-pers/Pages/SP_160614.aspx

[Jeremycoin]

I should proud of this, and I hope there will be more Bitcoin ATM especially in my city.
This would be a great opportunity for us, Indonesians Bitcoiner