Interest in Bitcoin just skyrocketed in India

[aleandromagno]

Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.

I'm happy that the folks in India are finally waking up and investing their money into bitcoin. well, i hope to see new ath within this year heh.

Price will not rise only because of India, at the moment Bitcoin market in India is not the main one, but of course someday can be. This signs are very good, but it will not change that all eyes are looking on China..

[SvenBomvolen]

   

Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.

I'm happy that the folks in India are finally waking up and investing their money into bitcoin. well, i hope to see new ath within this year heh.

Price will not rise only because of India, at the moment Bitcoin market in India is not the main one, but of course someday can be. This signs are very good, but it will not change that all eyes are looking on China..

   
   India has a largest population from all other countries in the world, if all people from India start to buy bitcoins demand will be very high. India is the huge market, and that is not a joke, their actions can effect on price of bitcoin, only if they work united.
   Never the less this is good news, its good for btc community to conquer markets all over the world, and India is big one, so this is good catch. And if doesnt have effects now, it will have on long term.

[chixka000]

Price is so high due to high demand and low amount of bitcoin sellers, currently 819.14 USD in unocoin
https://www.unocoin.com/charts

Actually this price is way higher than normal market rate, which shows the high level of bitcoin demand which even get increased due to the current banning on 500 and 1000 INR notes.

I noticed a high price at our local exchanger too. Is this due to Indias announcement last day that they will banned the 500 ,1.000 notes or any other reasons? Like uncertainty in America as Trump is the winner? or China? But still it is a good news for all of us.

This might be a good news but i doubt that we could benefit to this scenario for a long time. I could really something and it is not that good i just hope that the bitcoin price would not skyrocket that match rather than being stable and gradually oncreasing

[Sir Alpha_goy]

Looks like Indians are also showing interest in many other things as well...

Food for thought:
http://www.zerohedge.com/news/2016-11-16/stunning-scenes-panic-gold-price-skyrockets-india-after-currency-ban

People are now converting whatever they can into gold, silver, and mostly for the first time into the US dollar and other foreign currencies as well, all of which are trading at huge premiums. Money is also moving out of the country. Gold has shot up to as much as $2,800 per ounce, if you can find it.

[xuan87]

Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.

I'm happy that the folks in India are finally waking up and investing their money into bitcoin. well, i hope to see new ath within this year heh.

Price will not rise only because of India, at the moment Bitcoin market in India is not the main one, but of course someday can be. This signs are very good, but it will not change that all eyes are looking on China..

yes the price won't change much, but at least it is a good news for all of bitcoin users, within India people more focus on bitcoin, it will affected the market, there will be more demand which is going to cause the price to go up, and India is one of the country with the largest population so if this trend keep continue we will see another price raise and more stable price

[Yakamoto]

Doesn;t surprise me that the interest is skyrocketing, considering the news about the banknotes being considerably more limited, however I'm not sure how much this is going to affect India's primary interest in Bitcoin and have it increase the value. The market definitely moved, but I don't know if that has anything to do with this; it's pretty old news.

[klaaas]

Rule out the lower value rupee notes..., A example why bitcoin is way better and saver.

[DOGE12321]

Wow that is a huge increase. I would say that it was just an effect of the Trump victory. America has some strong bonds with India and the recent election is the only reason why I would think that interests would increase.

[Wind_FURY]

Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.

Is there a correlation between Google search results and actual buying of the cryptocurrency? Also that chart from Google Trends shows that the interest started way before the ban in the highest notes in India. So the trigger that started the interest must not be that.

Another question is how many searches were made that came from India? I believe it should be in the hundreds of millions searches for it to matter. We are seeing a lot of news that this or that country is interested in Bitcoin but all we see are the speculators trying to make fiat out of the price moves. Some of them do not even care to withdraw their Bitcoins from the exchanges.

[Juggy777]

After reading this post I decided to check the Indian market where they can buy Bitcoin and when I convert $ to their local currency that's 10000 Rs more. That's some crazy leap, one reason it could be that people have dumped their money which was banned in btc, or suddenly they have woken up to btc power and blindly invested in it. That's some high prices but, better wait for it to fall. And one last thing it's is legal to buy btc in India. I don't know which other country has legalized it.

[arcanaaerobics]

Your thread should read:

Interest in Bitcoin just peaked in India.

Interest can only go down from here.

It's actually the opposite. It means people have realized the situation is serious and started looking for alternatives to their potentially worthless fiat money and one is Bitcoin.

Show me on a Google Trend chart on any topic where the trend stayed at or exceeded 100 over an extend period of time.

Also, to the OP, what Google trends filters are you using?

I get this:

Here on forum we can get a lot of images like this




However the global search for bitcoin still normal, I don't believe that today pump was caused by India.

[davis196]

Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.

Wow.I wanna travel to India and sell my bitcoins there.

Bitcoin needs adoption from the indians,India is a huge and growing economy.

People are saying that trading bitcoins in India is more difficult because of some regulations.

I hope that this problem will be solved.

[bhadz]

Following last week's ban on the highest notes in India, interest in Btc has literally skyrocketed, reaching new ATH.

Wow.I wanna travel to India and sell my bitcoins there.

Bitcoin needs adoption from the indians,India is a huge and growing economy.

People are saying that trading bitcoins in India is more difficult because of some regulations.

I hope that this problem will be solved.

This is making me think that Indians are becoming better business people rather than Chinese people. After the China governments regulation for bitcoin and this is now a good news for the whole bitcoin economy. Why you need to go in India if you can just sell your bitcoins at your home with their exchange, I think that will be fine if no regulations will be applied.

[Pursuer]

there is an increased interest in most  of the countries around the word in bitcoin which comes from the increasing price which proves  that bitcoin is a good investment for the future to make a good amount of money. so I say this is not limited to India but everywhere but also in India there is their economical state which seems to be pretty bad at the moment and people wanting to find good investments .

[digaran]

Bitcoin is out there for the grabs and there is nothing stopping it, only a matter of time before more nations and countries realize the potentials of bitcoin and then we'll see rise in price like never before. only a matter of time.

[prabowo96]

Let's talk about what really interest... CHINA

Look the same link now with China, a big jump in the last week, for sure the price will stay growing in this way... I don't know how much the chineses are buying but it is really making the price pump.

[Sir Alpha_goy]

Your thread should read:

Interest in Bitcoin just peaked in India.

Interest can only go down from here.

It's actually the opposite. It means people have realized the situation is serious and started looking for alternatives to their potentially worthless fiat money and one is Bitcoin.

Show me on a Google Trend chart on any topic where the trend stayed at or exceeded 100 over an extend period of time.

Also, to the OP, what Google trends filters are you using?

I get this:

https://i.imgur.com/MDbnZW9.jpg

Here on forum we can get a lot of images like this

http://img.memecdn.com/its-media_o_721609.jpg


However the global search for bitcoin still normal, I don't believe that today pump was caused by India.

It appears that some people in Bitcoin are nothing more than "news opportunists".

More and more the Bitcoin economy resembles wall st.

Clearly most of the volume from the price increase is coming from China.

And with the ability of bots to pull bids at will it's obvious that we have some manipulation here.

The funny thing is that most of the people affected by India's currency ban is the middle class and poor according to what I have read.

So you mean to tell me that the poor class of India are also Bitcoin speculators when most of them don't even have bank accounts?

The claim that Bitcoin has gone up because of India is ridiculous at best.

It is manipulation 101.

[Yutikas_11920]

Bitcoin is out there for the grabs and there is nothing stopping it, only a matter of time before more nations and countries realize the potentials of bitcoin and then we'll see rise in price like never before. only a matter of time.

Yeah, thought quite correctly friend. Sometimes something good things will give you a good impact at the right time, not even all the things there are in the thoughts of the Government and the State have always been correct. But usually if there is already a country that their personal religious beliefs using bitcoin and accept it for transactions then the follower countries will use it. as with any other country or USA

[the_poet]

Your thread should read:

Interest in Bitcoin just peaked in India.

Interest can only go down from here.

It's actually the opposite. It means people have realized the situation is serious and started looking for alternatives to their potentially worthless fiat money and one is Bitcoin.

Show me on a Google Trend chart on any topic where the trend stayed at or exceeded 100 over an extend period of time.

Also, to the OP, what Google trends filters are you using?

I get this:

https://i.imgur.com/MDbnZW9.jpg

Here on forum we can get a lot of images like this

http://img.memecdn.com/its-media_o_721609.jpg


However the global search for bitcoin still normal, I don't believe that today pump was caused by India.

It appears that some people in Bitcoin are nothing more than "news opportunists".

More and more the Bitcoin economy resembles wall st.

Clearly most of the volume from the price increase is coming from China.

And with the ability of bots to pull bids at will it's obvious that we have some manipulation here.

The funny thing is that most of the people affected by India's currency ban is the middle class and poor according to what I have read.

So you mean to tell me that the poor class of India are also Bitcoin speculators when most of them don't even have bank accounts?

The claim that Bitcoin has gone up because of India is ridiculous at best.

It is manipulation 101.

News opportunist? I don't get why you're trying to make me look like I posted fake news, you idiot. I just posted a screenshot from my mobile. PERIOD.

[Sir Alpha_goy]

News opportunist? I don't get why you're trying to make me look like I posted fake news, you idiot. I just posted a screenshot from my mobile. PERIOD.

A news opportunist will take an event that is not relative to the topic they are applying it to.

The interest in India has peaked and already subsided for the time being.

The search for liquidation via bait is most obvious.

You don't need to use India banning low denomination notes as an excuse.


BTW you never addressed my screen shot which showed how the interest is in decline.

What filters did you use to do the search?