India is Paying $900+ for Bitcoin Amid Cash Crisis

[ASHLIUSZ]

It happened during the month of November past year. When the Market was found to pay around $750 Indian trading was found above $900. This happened just due to the demonetisation issue created by the government. Due to this Indian market experienced a very big increase in user profiles in a short time period.

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[bryant.coleman]

Evidence of bitcoin being more stable than state regulated currency?

Nope. If you look at the INR vs USD exchange rate, it is very stable. The USD is always worth around 66 to 68 INR. On the other hand, the Bitcoin is extremely volatile. During the past 12 months, the value has risen by as much as 400%. And during the 12 month period prior to that, the exchange rate had declined by more than 50%.

[Yaupgitda]

Evidence of bitcoin being more stable than state regulated currency?

Nope. If you look at the INR vs USD exchange rate, it is very stable. The USD is always worth around 66 to 68 INR. On the other hand, the Bitcoin is extremely volatile. During the past 12 months, the value has risen by as much as 400%. And during the 12 month period prior to that, the exchange rate had declined by more than 50%.

When the bitcoin becomes more expensive, it will also be more stable.

[Xester]

It happened during the month of November past year. When the Market was found to pay around $750 Indian trading was found above $900. This happened just due to the demonetisation issue created by the government. Due to this Indian market experienced a very big increase in user profiles in a short time period.

The reason why India is purchasing more bitcoins not only because of demonetisation but also because of bitcoins power to make its investors, holders and users gain a leverage in a span of time. Bitcoins price movement is always increasing in value and that has attracted a large Market in India as well as the hope that they will gain huge profit when the price has increased greatly.

[Betwrong]

India is Paying $900+ for Bitcoin Amid Cash Crisis

https://news.bitcoin.com/india-paying-900-bitcoin-cash-crisis/

What do you think about this?

It's funny that people who were buying for $900+ back then in India are now in profit. What I've noticed about Bitcoin is that whatever price you pay for it you'll hardly ever regret the buying.

[bravehearth0319]

If we are going to see and check what their doing is not affecting bitcoin actually, instead Bitcoin is continue in progress to increase the price value. It s show that the stability of it are getting stronger.