[2016-11-16] Bitcoin Purchases in India Increase by 20-30 percent

[OmegaStarScream]

The recent move by the Indian government to demonetize high value currency notes has resulted in higher demand for alternative assets. The premium that Bitcoin commands in the Indian market, as compared to international markets, has widened.

https://cointelegraph.com/news/in-midst-of-demonetization-chaos-bitcoin-purchases-in-india-increase-by-20-30-percent

[snipie]

hey omega, you need to correct the date since it is 2016-11-14

Re: [2016-11-16] Bitcoin Purchases in India Increase by 20-30 percent

The recent move by the Indian government to demonetize high value currency notes has resulted in higher demand for alternative assets. The premium that Bitcoin commands in the Indian market, as compared to international markets, has widened.

https://cointelegraph.com/news/in-midst-of-demonetization-chaos-bitcoin-purchases-in-india-increase-by-20-30-percent

and converting fiat to bitcoin isn't that easy / cheap as it appears, the operation is so expensive and bitcoin is very overpriced 

People who wanted to convert cash into Bitcoins have been left disappointed

The price of Bitcoin at India’s Unocoin exchange was ~INR54K ($800). This represents a 12 percent premium over Bitcoin’s price in international exchanges.

[chase580]

Great that it's increased, but by how much? If bitcoin buys increased in Laos by 500%, I wouldn't give a crap because that probably means going from 1btc of buy to 5btc of buy.