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Author Topic: Bitcoin in India? Not for a LOOOOONG time.  (Read 14199 times)
fruitcommander
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March 06, 2016, 01:31:56 PM
 #81

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.
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March 06, 2016, 01:40:54 PM
 #82

Isnt this also true in Africa but they still have found a use for mobile use and even a kind of currency spread by sms and basic mobile use ?   Im not sure as I read about it a while back but I accept live electric use especially reliable source is rare in some parts of India but they can also recharge and use batteries as this is the basis of mobile tech.

Ive seen discussions of solar power which for a limited amount does provide some elec use in the back of beyond with no fixed links to infrastructure.    So I would not put off bitcoin in India completely despite the obstacles, if there is a genuine need and big IF bitcoin is useful to these people then I believe it will come sooner then expected

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March 06, 2016, 01:50:18 PM
 #83

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.

In the major cities you see Indian is like the west. Really into technology internet etc. The urban cities and villages has some catching up to do.
Give them 5-10 years and you will see how India will flourish.
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March 06, 2016, 01:53:59 PM
 #84

There are lots of people from India that I have seen on this forum quite often. Indians are very technologically advanced. I know because I compete with Indian programmers on this forum all the time. Things are easier earning Bitcoiin when your local GDP isn't great.

Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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March 06, 2016, 02:17:12 PM
 #85

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.

In the major cities you see Indian is like the west. Really into technology internet etc. The urban cities and villages has some catching up to do.
Give them 5-10 years and you will see how India will flourish.

That's true India is a developing country, and the best thing is the majority of Indian population is youth, So youth will always be keen to learn new things, and things will change in future for sure.
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March 06, 2016, 02:20:21 PM
 #86

My guess is that most people where I am (rural America) either haven't heard of bitcoin or have heard of it but don't really know what it is.  It's probably the same all over the world.

That's true we are facing same problem everywhere, in my country people have heard about bitcoins but haven't used it, as they are not getting any guidance from the people who are using it, and we know that getting into bitcoins needs initial guidance and give proper knowledge related to bitcoins.

Yes same thing here in America, even in cities.  I am friends with people that work in tech in Seattle at Amazon and other startups and even there people are pretty oblivious to it. This is probably common around the world.  

When and if India starts getting into bitcoin that will be huge for adoption.  More and more people in third world countries are using phones to access the internet and as this increases so will btc/crypto awareness.

I love Bitcoin
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March 06, 2016, 02:29:46 PM
 #87

My guess is that most people where I am (rural America) either haven't heard of bitcoin or have heard of it but don't really know what it is.  It's probably the same all over the world.

That's true we are facing same problem everywhere, in my country people have heard about bitcoins but haven't used it, as they are not getting any guidance from the people who are using it, and we know that getting into bitcoins needs initial guidance and give proper knowledge related to bitcoins.

Yes same thing here in America, even in cities.  I am friends with people that work in tech in Seattle at Amazon and other startups and even there people are pretty oblivious to it. This is probably common around the world.  

When and if India starts getting into bitcoin that will be huge for adoption.  More and more people in third world countries are using phones to access the internet and as this increases so will btc/crypto awareness.

Yeah, in India everyone is using internet on their smart phones, even small villages have access to internet, so if India start adopting bitcoins, then it can make a huge difference in bitcoin adoption.
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March 06, 2016, 02:46:24 PM
 #88

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.

In the major cities you see Indian is like the west. Really into technology internet etc. The urban cities and villages has some catching up to do.
Give them 5-10 years and you will see how India will flourish.

That's true India is a developing country, and the best thing is the majority of Indian population is youth, So youth will always be keen to learn new things, and things will change in future for sure.
You will never know what will happen in the future. The world is becoming now more modern and digital.
I think some people have Bitcoin in India and of course not that much have Bitcoin, but that will change.
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March 07, 2016, 02:20:54 AM
 #89

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.

In the major cities you see Indian is like the west. Really into technology internet etc. The urban cities and villages has some catching up to do.
Give them 5-10 years and you will see how India will flourish.

That's true India is a developing country, and the best thing is the majority of Indian population is youth, So youth will always be keen to learn new things, and things will change in future for sure.
You will never know what will happen in the future. The world is becoming now more modern and digital.
I think some people have Bitcoin in India and of course not that much have Bitcoin, but that will change.

Even a small proportion of Indian population are holding or using bitcoins that can make a vast difference in future if they recommend it to their friends and family as the population of India is very high, even if few proportion start using it, it can have a positive impact on user adoption.

What you are saying is true, but I have a friend from India, I told him about the bitcoins, but he didn't agree to invest into it, so I think that would be the case with the majority of the population of India, they won't  get convinced very soon.
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March 07, 2016, 03:08:57 AM
 #90


What you are saying is true, but I have a friend from India, I told him about the bitcoins, but he didn't agree to invest into it, so I think that would be the case with the majority of the population of India, they won't  get convinced very soon.
you're just telling bitcoin to the wrong person who don't even get an interest to invest anything or atleast spend his little money to buy something for saving in the future and from your friend's point of view,he would say "what the hell is bitcoin and why i'd need to invest to this thing"

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March 07, 2016, 03:38:48 AM
 #91


What you are saying is true, but I have a friend from India, I told him about the bitcoins, but he didn't agree to invest into it, so I think that would be the case with the majority of the population of India, they won't  get convinced very soon.
you're just telling bitcoin to the wrong person who don't even get an interest to invest anything or atleast spend his little money to buy something for saving in the future and from your friend's point of view,he would say "what the hell is bitcoin and why i'd need to invest to this thing"

So is it easy for you to convince people around you who are not tech friendly? Majority of the people will react in the same way as they have good job and good source of income they really don't care what the hell bitcoin is all about.
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March 07, 2016, 08:52:55 AM
 #92

There are a lot more people in China Internet Savvy and using computers but in India you have more of the younger generation using computers so that also can be a prime reason for why it hasn't taken off so well in India as opposed to China. There are many other social and cultural and political reasons too which make Bitcoin something as a strange concept and too complicated. Most Indians want to own tangible wealth like gold etc so wrapping their head around bitcoin may seem too far fetched for many. Tecy types and people working online though in India love Bitcoin.

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March 07, 2016, 03:28:14 PM
 #93

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.

In the major cities you see Indian is like the west. Really into technology internet etc. The urban cities and villages has some catching up to do.
Give them 5-10 years and you will see how India will flourish.

That's true India is a developing country, and the best thing is the majority of Indian population is youth, So youth will always be keen to learn new things, and things will change in future for sure.
You will never know what can happen later in the future. But I think it will come soon to India.
Bitcoin is becoming more popular and that is very good. Also for the economy and Bitcoin. Now we must only hope that it will be more worth later in the future.
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March 07, 2016, 05:17:30 PM
 #94

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.

In the major cities you see Indian is like the west. Really into technology internet etc. The urban cities and villages has some catching up to do.
Give them 5-10 years and you will see how India will flourish.

That's true India is a developing country, and the best thing is the majority of Indian population is youth, So youth will always be keen to learn new things, and things will change in future for sure.
You will never know what can happen later in the future. But I think it will come soon to India.
Bitcoin is becoming more popular and that is very good. Also for the economy and Bitcoin. Now we must only hope that it will be more worth later in the future.

Exactly said, Bitcoin is growing and getting adoptions from India equal to western countries. This will continue and as said not only cities are growing equal to west, small towns too getting few necessary things like internet and getting digitalized.




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RealPhotoshoper
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March 08, 2016, 12:28:02 PM
 #95

...

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.
i dont think so,you guys said as tourism who came to india,and you said bitcoin in india weak and not for long time,its not objective in my opinion,i will fully believe if indians people said this,it will be real fact.
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March 08, 2016, 12:34:24 PM
 #96

India is not really good with the technology side of the world. They are better for their factories and industrial stuff.

No mate, India is very good with technology aspect too, but the thing is not many people hold that knowledge of technology, and if you travel the interior parts, then you would find many villages without electricity, internet etc.

In the major cities you see Indian is like the west. Really into technology internet etc. The urban cities and villages has some catching up to do.
Give them 5-10 years and you will see how India will flourish.

That's true India is a developing country, and the best thing is the majority of Indian population is youth, So youth will always be keen to learn new things, and things will change in future for sure.
You will never know what can happen later in the future. But I think it will come soon to India.
Bitcoin is becoming more popular and that is very good. Also for the economy and Bitcoin. Now we must only hope that it will be more worth later in the future.

Exactly said, Bitcoin is growing and getting adoptions from India equal to western countries. This will continue and as said not only cities are growing equal to west, small towns too getting few necessary things like internet and getting digitalized.

Yeah, internet in india is widely used and accessible from any corner of the country, majority of the people are using smart phones, and use of bitcoin is just a click away from  them, at present very few would be aware about the bitcoins, but the scenario would change in future for sure.
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March 08, 2016, 08:17:25 PM
 #97

India would is very big,if bitcoin mass adoption starts at it ,i believe it will be a boom into the merchants business ,making the bitcoin demand become too high,making the price of bitcoin grow .
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March 08, 2016, 09:14:22 PM
 #98

India would is very big,if bitcoin mass adoption starts at it ,i believe it will be a boom into the merchants business ,making the bitcoin demand become too high,making the price of bitcoin grow .

Yes, I think if India start adopting bitcoins then it can have positive effect on the adoption level, as the population of India is huge, even a small proportion of population starts using bitcoins, it can create a huge difference.
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March 09, 2016, 07:10:45 AM
 #99

India would is very big,if bitcoin mass adoption starts at it ,i believe it will be a boom into the merchants business ,making the bitcoin demand become too high,making the price of bitcoin grow .

Yes, I think if India start adopting bitcoins then it can have positive effect on the adoption level, as the population of India is huge, even a small proportion of population starts using bitcoins, it can create a huge difference.

Even the use of the small proportion will increase the adoption. But soon when India is considered illegal activities through Bitcoin will increase than the European nations.





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March 09, 2016, 10:19:23 AM
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India will take a long time to get into bitcoins I guess, I am from India and I don't see any major development in it, as no one is aware about bitcoins, and many of them have even not heard about it.

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