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Author Topic: Bitcoin in India? Not for a LOOOOONG time.  (Read 14199 times)
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March 15, 2016, 12:42:16 AM
 #101

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

 
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March 15, 2016, 02:50:04 AM
 #102

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

Are you serious? inflation is everywhere? hello?

There is inflation as long there is such thing as fiat, maybe the inflation at current situations is lower then u.s. which I highly doubt. But the main focus in india isnt noticed because theres no start ups there.

Even here in the silicon valley, regular people only heard of bitcoin so its obvious in the 6 years of growth it needs some marketing..
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March 15, 2016, 09:27:03 AM
 #103

You never know what will happen later. I think it will happen soon. I think some people have already Bitcoin in India.
And that is very good. The world is becoming more digital and that is also very good for Bitcoin.
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March 16, 2016, 05:31:10 AM
 #104

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.
No the reason is that the people at there in India are not still well aware with bitcoin, bitcoin is an interesting and well profiting currency so anyone who know well about it, adopt it without any fear.
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March 16, 2016, 06:48:55 AM
 #105

Im member of zebpay, i get update everyday, i think india is good market for bitcoin, i can see most of indian people interesting in technology, maybe  in future india market have a great volume for bitcoin trading.

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March 16, 2016, 07:59:31 AM
 #106

Why not? As far as I know people there are pretty much into techonolgy and I think that they are also the country with the largest number of mobile phones per one inhabitant in the world, so why not the Bitcoin too? It's a very large "market".

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March 16, 2016, 11:57:32 AM
 #107

Why not? As far as I know people there are pretty much into techonolgy and I think that they are also the country with the largest number of mobile phones per one inhabitant in the world, so why not the Bitcoin too? It's a very large "market".

As said India can be considered as the best place for the growth of bitcoin technology in the future. It has got all sort of people with some knowledge in technology which is required for bitcoin usage.

 
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March 16, 2016, 01:14:28 PM
 #108

I think bitcoin in india has very weak potential since the government would very much ban or reduce it's potential with awkward legislation's, They usually are not supportive for worldwide currencies like that IMO...
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March 16, 2016, 02:54:23 PM
 #109

Why not? As far as I know people there are pretty much into techonolgy and I think that they are also the country with the largest number of mobile phones per one inhabitant in the world, so why not the Bitcoin too? It's a very large "market".

As said India can be considered as the best place for the growth of bitcoin technology in the future. It has got all sort of people with some knowledge in technology which is required for bitcoin usage.
India will have soon Bitcoin. The world is becoming more digital and that is very good for Bitcoin.
And everyone will have better. Many people will become in the future more richer and that is very good.
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March 16, 2016, 06:13:32 PM
 #110

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.
If the reason was that then why not Chinese adopt USD?
If the people of India were given the same opportunities and facilities that are in China then it will adopted on the same rate in India as in China.

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March 16, 2016, 06:25:21 PM
 #111

Maybe BTC will progress in India. Who knows? You said that's india is progressing so fast, maybe btc in india will start soon . Huh Huh

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March 16, 2016, 07:31:03 PM
 #112

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

Are you serious? inflation is everywhere? hello?

There is inflation as long there is such thing as fiat, maybe the inflation at current situations is lower then u.s. which I highly doubt. But the main focus in india isnt noticed because theres no start ups there.

Even here in the silicon valley, regular people only heard of bitcoin so its obvious in the 6 years of growth it needs some marketing..
Yes its marketing can promote it well there in India, the people at there who know about bitcoin will have to train the other people about the use of it and its earning methods, then there it will be adopted on a large numbers.
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March 16, 2016, 07:37:58 PM
 #113

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

Are you serious? inflation is everywhere? hello?

There is inflation as long there is such thing as fiat, maybe the inflation at current situations is lower then u.s. which I highly doubt. But the main focus in india isnt noticed because theres no start ups there.

Even here in the silicon valley, regular people only heard of bitcoin so its obvious in the 6 years of growth it needs some marketing..
There in India the digital world  has more fame and more people are interested in internet, the thing which is of need, there in India the Computer colleges and academies must have to give knowledge about bitcoin to all of its students.

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March 16, 2016, 09:03:47 PM
 #114

I think the lack of adoption is because India has a stable currency, a stable central bank and a democratic system. So there is no urgency to adopt BTC.

Whereas in China, people are desperate to get their money out, and in places like Argentina and Venezuela, inflation is so high, people are using BTC because it's not losing it's value and is easier to get hold of than dollars.

Are you serious? inflation is everywhere? hello?

There is inflation as long there is such thing as fiat, maybe the inflation at current situations is lower then u.s. which I highly doubt. But the main focus in india isnt noticed because theres no start ups there.

Even here in the silicon valley, regular people only heard of bitcoin so its obvious in the 6 years of growth it needs some marketing..
There in India the digital world  has more fame and more people are interested in internet, the thing which is of need, there in India the Computer colleges and academies must have to give knowledge about bitcoin to all of its students.

But for that the people working in  those institutes should be aware about the bitcoins then only then can guide them, and if they are not aware about it too then we cannot expect anything from them.
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May 03, 2016, 02:22:10 PM
 #115

That´s not new why don´t you think there isn´t any store that accepts the bitcoin in that kind of country.
Because they don´t even has enough normal gold. The best way to reach them is to make sure the coin gets many more publicity.
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May 03, 2016, 02:43:07 PM
 #116

That´s not new why don´t you think there isn´t any store that accepts the bitcoin in that kind of country.
Because they don´t even has enough normal gold. The best way to reach them is to make sure the coin gets many more publicity.

I think majority of youth in India are aware about bitcoin and already part of this forum, the only issue is that there is no physical shop that accepts bitcoin as a mode of payment.


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maudevang
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May 03, 2016, 03:04:32 PM
 #117

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.


AS you now you see that Bitcoin is rising in population and that is nice there are now more people all over the world that is using Bitcoin and that is perfect for the currency.
But they have to learn how to use it and sometimes it is hard to know that but just learn also from your mistakes.
chaosknight
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May 03, 2016, 03:18:41 PM
 #118

Majority of People from India are not aware about the bitcoins yet, and even if they have heard about it many of them prefer to stay away from it as they lack knowledge how to get into it and start using it.
hawkins
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May 03, 2016, 04:41:54 PM
 #119

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
streazight
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May 03, 2016, 04:45:19 PM
 #120

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
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