Bitcoin Hits $1080 in India

[BtWill1Million]

" While China Inspections Deal Blow to BTC Price, Bitcoin Hits $1080 in India




Robust Indian Bitcoin infrastructure

Unlike many regions, the Indian Bitcoin market has a robust Bitcoin infrastructure, with reputable and regulated Bitcoin exchanges including Zebpay, Coinsecure and Unocoin. The three venture capital-backed exchanges have provided the necessary infrastructure for local investors to trade Bitcoin with ease.    "

Source : https://cointelegraph.com/news/while-misleading-information-on-china-stalls-price-bitcoin-hits-1080-in-india

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[lordquanta]

Volume of bitcoins  handled in Indian market is miles n miles away from the volume of bitcoins handled in the Chinese market. 
Chinese bitcoin exchange Market has huge influence on the global bitcoin volume.  As far as Indian btc market is concerned yes, it was also affected. Prices from 79000 slumped to 62k ~ 64k.
Many times it has been observed that 10k premium present in indian btc market.

Unlike many regions, the Indian Bitcoin market has a robust Bitcoin infrastructure, with reputable and regulated Bitcoin exchanges including Zebpay, Coinsecure and Unocoin. The three venture capital-backed exchanges have provided the necessary infrastructure for local investors to trade Bitcoin with ease.    "

Source : https://cointelegraph.com/news/while-misleading-information-on-china-stalls-price-bitcoin-hits-1080-in-india

As per my understanding, Coinsecure is bitcoin exchange, zebpay is not. Zebpay is app based bitcoin wallet.

[polynesia]

Unlike many regions, the Indian Bitcoin market has a robust Bitcoin infrastructure, with reputable and regulated Bitcoin exchanges including Zebpay, Coinsecure and Unocoin.

This is actually bullshit. The high price is more due to market inefficiencies, rather than robust Bitcoin infrastructure.
Remove capital controls and the price difference will vanish in a minute.

[DomainMagnate]

Whatever the reason for price hike is,I think this has and will attract more and more people to bitcoin in India.
I am now seeing article and news published in local dailies on regular basis.This reflects interest of Indians in bitcoin and this is a good sign

[bitcoinisbest]

Whatever the reason for price hike is,I think this has and will attract more and more people to bitcoin in India.
I am now seeing article and news published in local dailies on regular basis.This reflects interest of Indians in bitcoin and this is a good sign

Well during the last quarter of 2016 it saw many new users in India across various exchanges being registered. This was primarily dues to demonetization effect and also price was rising to 1000$+ But now since it has fallen by 300$ an close to 800$ it would be interesting to see if people will invest or wait for further price reduction.

[DomainMagnate]

" While China Inspections Deal Blow to BTC Price, Bitcoin Hits $1080 in India




Robust Indian Bitcoin infrastructure

Unlike many regions, the Indian Bitcoin market has a robust Bitcoin infrastructure, with reputable and regulated Bitcoin exchanges including Zebpay, Coinsecure and Unocoin. The three venture capital-backed exchanges have provided the necessary infrastructure for local investors to trade Bitcoin with ease.    "

Source : https://cointelegraph.com/news/while-misleading-information-on-china-stalls-price-bitcoin-hits-1080-in-india

Just after a week of your post now today 1 Bitcoin = 56272.6125
Indian rupees  which is $861 approx.
A decrease of $200 in price just in a week.
We know how unpredictable and unstable bitcoin price.

[dgarg]

right now bitcoin is rs59210

[bitcoinisbest]

right now bitcoin is rs59210

Where do you see this 59210 price? I would like to buy at this price if you can sell it then will buy it from you. How much do you have and what is the mode of payment you accept?

[S_D]

right now bitcoin is rs59210

Sign up me too if you are willing to sell at 59,210.

[tech_solutions]

right now bitcoin is rs59210

Where do you see this 59210 price? I would like to buy at this price if you can sell it then will buy it from you. How much do you have and what is the mode of payment you accept?

This price he saw in preev and telling it but actually in the local exchanges they are trading in 5 to 10% premium that i think the user dont know it.

[eaLiTy]

Unlike many regions, the Indian Bitcoin market has a robust Bitcoin infrastructure, with reputable and regulated Bitcoin exchanges including Zebpay, Coinsecure and Unocoin.

This is actually bullshit. The high price is more due to market inefficiencies, rather than robust Bitcoin infrastructure.
Remove capital controls and the price difference will vanish in a minute.

Indian markets does have it inefficiencies without any doubt but the current price is mainly due to demonetization and people are investing more in bitcoin and so is the real reason for the high price.

right now bitcoin is rs59210

Where do you see this 59210 price? I would like to buy at this price if you can sell it then will buy it from you. How much do you have and what is the mode of payment you accept?

The price in Indian exchanges are always high and he might have said about the selling price rather than the buying price of bitcoin as of right now buying price in consecure is 61,499 rupees and the selling price 60,755 rupees.

[bitcoinisbest]

BTC prices started to rise again . It has now reached to 860$+ per btc . Also the difference have reduced in CS now their buy order price at the moment is 62201 and sell is 62777. Which is kind of very reasonable compared to ystd.

[DomainMagnate]

right now bitcoin is rs59210

Where do you see this 59210 price? I would like to buy at this price if you can sell it then will buy it from you. How much do you have and what is the mode of payment you accept?

This price he saw in preev and telling it but actually in the local exchanges they are trading in 5 to 10% premium that i think the user dont know it.

Yes you are right it was preev price.Each exchange has different price at any given point of time and Indian exchanges are always on higher side.
Is there any international exchange that allows deposit and withdrawal from Indian banks?

[nizamcc]

right now bitcoin is rs59210

Preev shows prices based on International markets, and Indian markets have different prices based on the supply and demand factor as well as demonetization. You will see a 5-10% hiked prices here in India because sellers don't want to sell low. So, the higher the price goes in International markets, we will see the same effects but with even more higher prices in India.

[BtWill1Million]

Indian people are smartes entrepeneur then the rest of the world then !

[Qunenin]

Whatever the reason for price hike is,I think this has and will attract more and more people to bitcoin in India.
I am now seeing article and news published in local dailies on regular basis.This reflects interest of Indians in bitcoin and this is a good sign

India is the biggest market in the bitcoin usage after china and US. Currently devalue of Indian currency and banning of high value notes have made people to think something more reliable than their own local currencies and the best option available for them is to invest in bitcoins.

[Pattberry]

Indian people are smartes entrepeneur then the rest of the world then !

That does not mean that people will be using bitcoin.India does have it share of users if you compare at a global scale the amount of bitcoin users are really less and i am not aware of any major business dealing in bitcoin.Due to demonetization people will be taking a closer look at bitcoin and will start investing in it.

[freebit1]

Bitcoin is right now 65k

Does any one think it will hit 80k any time !!

[nizamcc]

Bitcoin is right now 65k

Does any one think it will hit 80k any time !!

Were you sleeping when it reached 78k INR?
Well, it has nothing to do with your or my thinking, but everything happens as to what markets thinks and tends to take Bitcoins towards.

Indian people are smartes entrepeneur then the rest of the world then !

They are, already!
And that's not the reason as no such big names from India are currently involved in Bitcoins, these higher rates are just the result of demonetization.

[lordquanta]

Effect of demonetization is already fading away. There are news about restriction-free withdrawal from banks.
Indian bitcoin market itself cannot drive bitcoin to 80k. Current international bitcoin market is watchful.