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Author Topic: Less than 1% Indians are aware about cryptocurrency...  (Read 2087 times)
Nikhilk (OP)
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September 22, 2017, 09:13:07 AM
 #1

 Roll Eyes According to some news, less than 1% Indians are aware about the thing called cryptocurrency, that means less than 1cr people
So I think their is long way to go for Indian crypto market
onrise
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September 22, 2017, 05:38:36 PM
 #2

Slowly but gradually people are understanding this cypto currency due to various coverage in print and media. May be % wise not very sure but yes especially in rural areas they are unaware. But I think in coming time once the stand becomes clear of Government than it would be known to majority of them.

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dwink
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September 22, 2017, 07:47:24 PM
 #3

Numbers like that mean nothing. Did you know that compared to the cows and buffaloes in India, there is only .0015% donkeys? That means there is a long way to go before donkeys become mainstream.  Grin
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September 26, 2017, 08:51:17 AM
 #4

In India, only 34% of the total population are internet users....So in that scenario, you can't expect more figures. But yes, early players in Indian crypto market will definelty get a milage above these upcoming newbies.
Nikhilk (OP)
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October 05, 2017, 01:58:09 PM
 #5

I agree that
But there some coins like rupee, India which are operated by non Indian people
dwink
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October 06, 2017, 07:36:26 AM
 #6

I agree that
But there some coins like rupee, India which are operated by non Indian people

LOL... its a ticker symbol. One doesnt have to be Indian to make a coin called Rupee. Just like one doesnt have to be American to make a coin called USD. One does not also have to be an alien to make aliencoin or a bird to make feathercoin.
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October 07, 2017, 09:11:54 AM
 #7

Im surprised its even 1%. People dont have basic amenities, let alone internet or the knowledge to read about this. Far bigger things to worry about at the moment.
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October 08, 2017, 06:26:56 PM
 #8

Still 1cr is huge amount just need to spread awareness and i doing it via new bitcoin hindi blog
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November 19, 2017, 10:44:25 AM
 #9

We have missed the cryptocurrency boat by years. With the current prices it is almost inconceivable that the common Indian can afford to buy Bitcoin. We would rather hold on to our gold, shares, property and fixed deposits.

Meanwhile, Bitcoin has ended up as a purely speculative business. With the early adopters making the most gains and others rushing in to emulate them. It is not what Satoshi Nakamoto intended.

If you remember the game Farmville that used to be a craze on facebook. Everyone wanted to play and have the biggest farm and the highest level in the game. Something like that is now happening in the real world with real money.

Its too late to get into the game now.
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November 19, 2017, 02:39:03 PM
 #10

IBTC
Bitcoin in India
most of people not listen about the cryptocurrency word Bitcoin some people who know the Bitcoin only know this is a cryptocurrency and also call as virtual currency money and Indian student in study as a General Knowledge he learn like capital of India Lucknow like virtual currency is bitcoin. but last year crypto currency industry Boom up to 20% and 10 startup start related to Bitcoin in India.
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November 20, 2017, 11:26:21 AM
 #11

IBTC
Bitcoin in India
most of people not listen about the cryptocurrency word Bitcoin some people who know the Bitcoin only know this is a cryptocurrency and also call as virtual currency money and Indian student in study as a General Knowledge he learn like capital of India Lucknow like virtual currency is bitcoin. but last year crypto currency industry Boom up to 20% and 10 startup start related to Bitcoin in India.

I think now even news and print media is covering this story of the cypto currency due to which mostly in urban areas people are aware about it. Also at present it has reached to SC and asked govt to decide if they can regulate it or else ban this. So now govt has to take a decision between the 2 and result would be out soon.

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goyald2801
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November 26, 2017, 09:02:57 PM
 #12

to adopt any new technology people takes time , same case here too . give them time and soon most of indians will be aware of it ..
first of all i am waiting for india's own altcoin .
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December 03, 2017, 01:43:17 PM
 #13

Lot of my cousins and friends do know or having thorough knowledge about crypto. Everyone's have an accounta and have invested on zebpay/unocoin.Some are just trading bu many of them are into mining.

Location : karnataka
mihir
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December 26, 2017, 06:56:54 PM
 #14

You can check Indicoin which launched India's first ICO in September 2017.
Indicoin is a cryptocurrency and a social service platform.
Indicoin is now being trading on hitbtc and etherdelta.
https://hitbtc.com/exchange/INDI-to-BTC
TheCoinFinder
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December 26, 2017, 08:21:55 PM
 #15

It will take couple of years more for the word to spread around

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January 13, 2018, 08:38:40 AM
 #16

Now more people are knowing this, share market broker now promoting crypto and all credit goes to rise of Bitcoin, many big player just waiting for government decision
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January 22, 2018, 02:28:55 AM
 #17

think yourself , less than 1% are aware still indian market is providing so much huge volume in crypto space , what if 10% indians start trading it .
we should make it viral in india . it is better thing for all of us .
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January 22, 2018, 03:19:02 PM
 #18

I had been thinking the crypto craze will sweep over India before the government would be able to do anything and people could make money but it is the other way round. Also, due to threats and stand of government on crypto people are keeping their distance.
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February 05, 2018, 09:07:29 PM
 #19

Crytos only got wide eyebrows raised when someone used to talk 2 years ago, saying its scam etc etc...
Cryptocurrency word  got popular when BTC broke 5lakh mark and got mouths wide open when crossed 15 Lakh  Grin
All of those raised eyebrows are now down in guilty... and eventually all are hoping in slowly slowly..
So who all thinks it will touch 25lakh before december 2018?  Cheesy

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February 12, 2018, 12:32:36 AM
 #20

yes you are right but thanks to digitization  more n more are becoming aware of crypto senerio as of a year back i was unaware of crypto but today well versed with it !!!!!!!
everything takes its own time
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