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Author Topic: Bitcoin in India? Not for a LOOOOONG time.  (Read 14199 times)
dihari
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September 08, 2016, 03:38:29 PM
 #141

Dude, take a look of the age of people you ask.
Bitcoin is born on 2009, just peoples 17 - 35 yo with intensive online activity will know it.
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September 11, 2016, 08:26:05 AM
 #142

Dude, take a look of the age of people you ask.
Bitcoin is born on 2009, just peoples 17 - 35 yo with intensive online activity will know it.


I think the bitcoin is still very young. More people will know that as time goes on and more people will invest in it.
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September 11, 2016, 06:39:48 PM
 #143

Dude, take a look of the age of people you ask.
Bitcoin is born on 2009, just peoples 17 - 35 yo with intensive online activity will know it.


Yes you are absolutely right, Bitcoin is the currency of the next generation. When the next generation will grew up, they will only have bitcoins as the mode of transaction and perhaps by then Fiat will be ended.
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September 11, 2016, 07:49:04 PM
 #144

i think bitcoin is good in India, as a lot of people in India are using bitcoin. but i think if we compare the population of India with the number of people who are using bitcoin, there is big difference, i think there sill people need more information about bitcoin and should be introduce in such an where most of the people have no idea.
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September 11, 2016, 10:28:40 PM
 #145

...

We are back from a long trip to India and Nepal.  If wanted I can share pics with those interested.

I see that "not much" that I can see has happened in "Bitcoinistan" since I left.

I will mention that NO ONE has heard of Bitcoin save ONE person in our tour group (18 of us total). 

Bitcoin may be BIG in China, but not in India (certainly not Nepal, now under a fuel embargo by India -- complicated).

India IS progressing faster than I woulod have guessed, they have seen the light re infrastructure (and other things to advance, you know, things like economic freedom, etc.) and of course a relatively tranquil democracy.  But, BTC ain't ready for primetime there.  Pity.

If that is really true then we cannot say that india is on its track of development because now the world is shifting to digital world and on that world everyone know about bitcoin so in that case if someone do not know about bitcoin then i do not we have to call them as successful or developed.
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September 11, 2016, 10:56:37 PM
 #146

I am an Indian, Bitcoin is not that famous in India. People always prefer currency notes to cards, so having a mobile wallet is like far from reach. Only the younger generation is getting to know about bitcoin.
Well, it's just like in my country. bitcoin in my country is not well known, they only say bad about bitcoin if they see

The current minister of the Reserve Bank of India  was the responsible behind driving Paypal out of India and also introducing In INDIA the BITCOINS
Currecny
i think that it is a really good thing, in my opinion india might become even stronger if people will adopt the bitcoins as their currency

Yeah that's a great news for Indians and the population of India is very high so even is small percentage of people will start using it then it can have a great impact on the price of bitcoins.
I think not only on you. but I see a lot of countries are beginning to look start using bitcoin. perhaps only a few people in a country. but I'm sure it will grow Cheesy
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September 12, 2016, 12:46:41 AM
 #147

I am an Indian, Bitcoin is not that famous in India. People always prefer currency notes to cards, so having a mobile wallet is like far from reach. Only the younger generation is getting to know about bitcoin.

But I heard india has relatively many young people.

so that's a good thing.
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September 12, 2016, 05:52:41 AM
 #148

I was thinking that in such country as India where lot of people live poor life Bitcoin has to be very popular. Yes not everyone can allow to buy a computer or telephone there, but those one who has it, for that person bitcoin would be nice way for undervorking and making money. Well, as in any other country where 100-200$ per month means as good salary.
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September 12, 2016, 06:12:18 AM
 #149

I was thinking that in such country as India where lot of people live poor life Bitcoin has to be very popular. Yes not everyone can allow to buy a computer or telephone there, but those one who has it, for that person bitcoin would be nice way for undervorking and making money. Well, as in any other country where 100-200$ per month means as good salary.
well, bitcoin will very helpful for the poor people in Indiana because comparing with their currency bitcoin will be more valuable, and i think for accepting bitcoin is not needed a super computer for to do that.

 
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September 12, 2016, 07:50:57 AM
 #150

Maybe your asking the wrong kind of people/generation and also the pool of people you asked is too small to actually make a judgement.
If you take a pool of 100 people between 20-30 then alot more people would say they know it then instead 18 people between 30-60.
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September 15, 2016, 04:46:34 PM
 #151

In our India, Bitcoin is only familiar to people related to IT Sectors.

Its unfortunate that indians are not familiar with bitcoins when neighbour country china dominates in Bitcoin mining.

Indians must be made familiar to bitcoins through social websites.

There is a huge population of middle class people  who still dont know the potential of bitcoin and how dramatically it could change their lives
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September 15, 2016, 09:20:10 PM
 #152

In our India, Bitcoin is only familiar to people related to IT Sectors.

Its unfortunate that indians are not familiar with bitcoins when neighbour country china dominates in Bitcoin mining.

Indians must be made familiar to bitcoins through social websites.

There is a huge population of middle class people  who still dont know the potential of bitcoin and how dramatically it could change their lives

I think this applies in most countries. Bitcoin needs yet to get traction to other sectors.
So far IT is ruling in the bitcoin user scene. But then India has a very large IT sector so it may be the perfect country for bitcoin adoptoin.

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September 15, 2016, 09:32:52 PM
 #153

...

We are back from a long trip to India and Nepal.  If wanted I can share pics with those interested.

I see that "not much" that I can see has happened in "Bitcoinistan" since I left.

I will mention that NO ONE has heard of Bitcoin save ONE person in our tour group (18 of us total). 

Bitcoin may be BIG in China, but not in India (certainly not Nepal, now under a fuel embargo by India -- complicated).

India IS progressing faster than I woulod have guessed, they have seen the light re infrastructure (and other things to advance, you know, things like economic freedom, etc.) and of course a relatively tranquil democracy.  But, BTC ain't ready for primetime there.  Pity.
India is a big country and to speak about it by visiting it for a short trip is not sensible.I agree that bitcoin may be more popular in china but indians are also catching up fast with bitcoin
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September 15, 2016, 09:39:15 PM
 #154

India is huge. You can't say that from a small little experience like a quick visit. Jeez.

India has also a relatively high growth rate, so India could even be the first country to accept bitcoin as a nation.


 
 
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September 20, 2016, 05:42:45 PM
 #155

India is huge. You can't say that from a small little experience like a quick visit. Jeez.

India has also a relatively high growth rate, so India could even be the first country to accept bitcoin as a nation.

India could not be the first country to accept bitcoin as a nation. It might happen to a small country like with only a few millon people.
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September 21, 2016, 07:48:53 AM
 #156

I've encountered Indian people in gambling sites, most of them can't speak English that well, though. But they say that they really are Indian. In addition, in Facebook groups, I often see Indian people. Maybe it was just because of the area of India that OP visited. Because as I see it, there's a lot of Internet users from India.

However, even if a country hasn't been invaded by Bitcoin yet, it'll eventually come to a time when people from that country gets informed about Bitcoin. It's just a matter of time.

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September 21, 2016, 07:53:31 AM
 #157

Dude, take a look of the age of people you ask.
Bitcoin is born on 2009, just peoples 17 - 35 yo with intensive online activity will know it.


No need to generalize. In my area, there are a lot of Bitcoin traders (in Localbitcoins) who are aged 50 or above. My cousin is just 15-years old, and his Bitcoin holdings are quite impressive. It is true that the 17-29 age group accounts for the majority of the Bitcoin users. But usage is spreading across race, age, and gender. And that is a very good sign!

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September 21, 2016, 08:17:09 AM
 #158

Bitcoin should be everywhere available globally we have the freedom of using it if they would take away the rights to be part of a bitcoin community then it would be dictature.
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September 23, 2016, 06:31:35 PM
 #159

As you said, i am surprised about that in India, mostly people don't know about Bitcoins, because so far as i know, a huge number of the people know about bitcoins, because i have a lot of friends on Facebook and they belong to India, and all of them know about bitcoin very well, even they guide me, So i am surprised as you said.
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September 23, 2016, 06:38:40 PM
 #160

Considering this thread was made in 2015,I could say a lot has changed since then.You could visit the Indian exchange section of LocalBitcoins and see that it's almost available with buyers/sellers.I agree it hasn't reached to a point where the general public understands what bitcoin is,but certainly a lot of young entreprenurs are coming up with new ventures promoting Bitcoins in India.


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