Please stop buying bitcoins from India

[bitcoinisbest]

There is being a huge difference between the spreads of exchanges from yesterday. Not sure why such a difference exist?

Unocoin -  67952 - 61666 ( Diff is 6286 Rs)
Zebpay - 65031 - 61779 ( Diff is 3252 Rs)
Bitxoxo - 65617 - 61177  ( Diff is 4440)

[1714768015]

1714768015

[1714768015]

1714768015

[1714768015]

1714768015

[1714768015]

1714768015

[1714768015]

1714768015

[deadley]

There is being a huge difference between the spreads of exchanges from yesterday. Not sure why such a difference exist?

Unocoin -  67952 - 61666 ( Diff is 6286 Rs)
Zebpay - 65031 - 61779 ( Diff is 3252 Rs)
Bitxoxo - 65617 - 61177  ( Diff is 4440)

First of all non of them exchange. Exhcnage in India in my knowledge only 2

1 Coinsecure
2 Btcxindia.

Where price depends on peer to peer means buyer and seller decide.

In other site owner decide according to demand and supply.

[kalkalaunda]

There are only two exchanges in India: Coinsecure & BTCX. Unocoin and Zebpay are brokers if I may with their own prices as per their will.

CS does share exchange data along with and you can see what has brought the price change. BTCX iirc does not even share volumes.

Looking at the volumes from their(CS) data, the price fluctuations do not make any sense whatsoever. Its a good time to be a BTC retailer. Everything goes

[baristor]

--snipe--

lol ? You wouldn't miss a chance to promote coinsecure right ? Get off your comfy seats with high investors in your business,getting shit commercialized.For once,think about the community and decentralization.I'd die before using any Indian exchange systems.

^^ What she said,

As a currency exchange site Benson you should have the guts lead the investors to doin it the right way instead of fueling their greed. I guess you get good comissions too.

I don't get commissions
Not sure how commissions can work on a realtime exchange.

Can you explain to me what does lead investors to doin it the right way means? Especially when we have 0 ways to control rates.

This screenshot shows a pretty good visual on who is setting prices in India.

http://imgur.com/SS8ZGWh

And you ladies think that I am evil -.-

Not saying you evil but it's definetly not good what's happening at this rate the price wont go down anytime soon. This is not what bitcoin was designed for.

[yyuvane]

There is being a huge difference between the spreads of exchanges from yesterday. Not sure why such a difference exist?

Unocoin -  67952 - 61666 ( Diff is 6286 Rs)
Zebpay - 65031 - 61779 ( Diff is 3252 Rs)
Bitxoxo - 65617 - 61177  ( Diff is 4440)

pirces are dropping  in all indian exchanges       i expected this will happens, but not to be very soon    

[Benson Samuel]

There is being a huge difference between the spreads of exchanges from yesterday. Not sure why such a difference exist?

Unocoin -  67952 - 61666 ( Diff is 6286 Rs)
Zebpay - 65031 - 61779 ( Diff is 3252 Rs)
Bitxoxo - 65617 - 61177  ( Diff is 4440)

pirces are dropping  in all indian exchanges       i expected this will happens, but not to be very soon    

As mentioned, those high prices were never sustainable for anyone setting it.

[baristor]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

[deadley]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

[yyuvane]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

yeah me too enjoyed this indian exchange prices , but not at this moment losing arbitrages;)

[deadley]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

yeah me too enjoyed this indian exchange prices , but not at this moment losing arbitrages;)

Prices still up more then 10% from international market. So there is more space to earn. Just need to focus where you can earn good money.

[yyuvane]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

yeah me too enjoyed this indian exchange prices , but not at this moment losing arbitrages;)

Prices still up more then 10% from international market. So there is more space to earn. Just need to focus where you can earn good money.

yep waiting for the higher price once again 

[SourThunder]

If big whales dump their wallet, price is sure to fall again. I really don't think this is the work of a single group or organization. Maybe this became a trend where everyone wanted to increase the price, as they know we buyers won't stop buying them. It's of no use to stop buying since we are not the only buyers of BTC.

[baristor]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

yeah me too enjoyed this indian exchange prices , but not at this moment losing arbitrages;)

Prices still up more then 10% from international market. So there is more space to earn. Just need to focus where you can earn good money.

So what international market are you referring to ? Where do you buy from ? I tried em all... still no good luck purchasing from India.

[baristor]

If big whales dump their wallet, price is sure to fall again. I really don't think this is the work of a single group or organization. Maybe this became a trend where everyone wanted to increase the price, as they know we buyers won't stop buying them. It's of no use to stop buying since we are not the only buyers of BTC.

yes definetly they all got together to hike up prices...

Like they all agreed to increase price .

[deadley]

If big whales dump their wallet, price is sure to fall again. I really don't think this is the work of a single group or organization. Maybe this became a trend where everyone wanted to increase the price, as they know we buyers won't stop buying them. It's of no use to stop buying since we are not the only buyers of BTC.

Its india and lots of black money coming in bitcoin. That is why price is that high brcoz they dont care about how much they are loosing.

[yyuvane]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

yeah me too enjoyed this indian exchange prices , but not at this moment losing arbitrages;)

Prices still up more then 10% from international market. So there is more space to earn. Just need to focus where you can earn good money.

So what international market are you referring to ? Where do you buy from ? I tried em all... still no good luck purchasing from India.

https://xapo.com/   ----->    https://www.neteller.com/en  ------->   https://www.ranexchanger.co.in

earlier they accepts inr deposit through wb21 banking system , due to demands in indian markets they have withdrawn inr deposits temporarily

[deadley]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

yeah me too enjoyed this indian exchange prices , but not at this moment losing arbitrages;)

Prices still up more then 10% from international market. So there is more space to earn. Just need to focus where you can earn good money.

So what international market are you referring to ? Where do you buy from ? I tried em all... still no good luck purchasing from India.

There is so many ways buy from International market. But it's complicated becoz if you buy international market and sell in Indian market explaining to tax authority not easy if you go through indirect way.

[baristor]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

Dropped more than 5k ? I never supported that 5k hike in the first place.

Either old prices or no go

[deadley]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

Dropped more than 5k ? I never supported that 5k hike in the first place.

Either old prices or no go

Lol it's not only about you, if there is buyer who like to buy at high price then there is lot's of seller too who like to sell @ 20-30% premium.
In every country price determined through their demand and supply.

Even I saw when international price was 22k and indian price was less then 18k and that is in huge quantity.

[baristor]

dude a 1-2% drop is nothing.

It used to be 1-2k above preev rate... that was normal pricing... What happened to that... Greed took over what else?

lol it's dropped more then 5k, I enjoyed this artificial price so much.

If you know what will happen you can earn big money but you must also hold big money for earning money from these kind of movement.


P.S. Benson can't do anything for this movement when price depends on peer to peer. People buying at higher price on their will.
      Benson or coinsecure or other site don't have any involvement on this.

yeah me too enjoyed this indian exchange prices , but not at this moment losing arbitrages;)

Prices still up more then 10% from international market. So there is more space to earn. Just need to focus where you can earn good money.

So what international market are you referring to ? Where do you buy from ? I tried em all... still no good luck purchasing from India.

There is so many ways buy from International market. But it's complicated becoz if you buy international market and sell in Indian market explaining to tax authority not easy if you go through indirect way.

What does that have to do anything with price of bitcoin in India ?