Bitcoin Prices In India Is Higher

[totol05]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

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[Meuh5598i]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

It will be ban eventually as far as i know the prime minister of india hasnt accepted btc or announce it as a legel currency to make any transaction or deals.
So those who ever is using it or have been added it. It will be stopped as it hasnt get the attention of govt people yet.

[Meuh5598i]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

And the higher price might be for its unabailability or the volatility of btc price. 20 percent extra charges may be for the safety issue in terms of not clount any loss while btc get the rock bottom. No body knows miracles are not new in crypto world.

[aeternus]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

The prices have been higher in India for sometime already, and there have been many reports that a ban maybe close, but it doesn't matter bitcoin cannot be banned, unless they find a way to identify who is a bitcoin user and then take steps against those users i do not think the ban is going to be effective, besides what is is stopping the people from India to just move to another country and buy bitcoin?

[endlings]

I don’t know whether these news is true or not. Many recent good news about India have not been verified. Bitcoin is in India. I think it needs to be observed for some time before news that the Indian Prime Minister banned Bitcoin. Now, on the contrary, I think we still need to wait for more information to judge.

[bozo333]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

India is the high population country so demands are increase in the country but it is depends on the crypto market supply it will not affect any moment in India. I think RBI also supporting in cryptocurrency because centralized cryptocurrencies are created in India so it will never ban it and many MNC companies also creating the own cryptocurrency so RBI banned in Bitcoin automatically crypto war is possible in India.

[Nunoluck]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

That is good news, bitcoin is very appropriate for e commerce business, by using bitcoin the e commerce business can lowering the cost of bank service that always expensive. If the price in india is higher the you can sell your bitcoin there then buy bitcoin again in international famous exchanges.

[Darker45]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

This puzzles me a bit. Most of the responses here are negative. The way I look at it, it is positive. The demand is rising and is in fact outweighing the supply. Well, the supply is static. Therefore, there will be no more movements. What moves is the price. Meaning, the bigger the demand the higher the price goes.

Most of you guys are from India, right? Is this issue of Bitcoin getting banned there not yet settled until now? I heard the government authorities are already saying that there will be no ban, only regulations. Anyone truly informed clears this out? Thanks!

[zais]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

What caused this to happen? When the price of Bitcoin in the Chinese market declines, in India it rises on the demand of Bitcoin and the consistent growth of Bitcoin trade volume every day. The deterioration of financial turmoil and economic uncertainty in the country has raised serious concerns on the long-term and short-term performance of the local currency

[pooya87]

i didn't know it is still higher but it has been higher nearly all of 2017.
and the reason for that was because India was somewhat cut from the rest of the world because of their banking system so no bitcoin went in the country to be sold to fiat because fiat could not exit there so the bitcoin supply stayed lower while the demand for bitcoin (thanks to government shenanigans) have been rising more and more every day, so the price went a lot higher over there.

[timerland]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

There are capital controls in india. So its domestic market has more demand for bitcoin and other cryptos compared to international markets, especially those located in countries where their currency is more unregulated in terms of going across borders and transferring.

Historically India has always been ahead in terms of price, compared to the world.

No big surprises, and also it's not indicative of the future prices because it's a demand problem. It's not like India is leading the way on international markets with prices moving before the rest, it doesn't, because otherwise it would tank in the opposite direction too and it's not doing that.

So from an arbitrage point of view, there is potential to exploit this. But I'm assuming loopholes are close to none because the markets are showing this through the inflated prices.

[followmenot]

It is regular and usual thing that local coin prices are bit higher. It is generally about that country's demand and supply + regulation and hardship to obtain coins. In Turkish exchanges coin prices are higher too.

[Blue Bell]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

Yes I true because India is also one of the big market in economy and bitcoin can be adjust very easily in India because its population is also very large in number but I think it’s good for other countries as well if bitcoin is going to be more strong so its price will also be high which is very good so I think we must be happy if bitcoin price is high in India and in coming time bitcoin will be acceptable in many countries.

[dothebeats]

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

I don't see anything wrong about the Indian exchanges getting up some huge support from its servicing country. If there is anything about it, it is good news and it only stems out into other different positive events such as more and more companies would soon start to recognize bitcoin fully and might integrate them into their system. If the government sees a huge demand about something, the first impression of those who are seated is to study it and issue warnings that it can be another fad just to fade; regulations would soon follow so as to ensure that fraud is minimized if not completely stopped. Good for Indians since they are seeing a huge adoption on the cryptocurrency and companies are only following what's the trend after all so there's that.

[pitiflin]

Bitcoin is not the only thing that has a higher price than that in the international markets. Anything even closely related to tech has a higher price varying from 10% to 300% more than what the average price. And I shouldn't be surprised by this because of the mining craze in India. It's believed that India has cheap electricity costs and mining could really seem profitable in the long run whereas the truth is otherwise.

[magneto]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

Anything that can be traded without any tariffs or restrictions on the international markets should carry a premium in India.

This is due to RBI's foreign exchange controls. I'm not 100% sure what exactly they are, but I know that they exist and which is why the market is willing to pay a higher price for bitcoin or altcoins within India.

It's a bit like China, where BTC prices are inflated as well sometimes compared to overseas, due to the fact that citizens can only exchange up to $50k USD worth of foreign exchange per year from CNY and BTC acts as a gateway to get capital out.

Not surprising, though. Been a trend since India started trading BTC. Nothing to speculate on either.

[maarx]

Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.

Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.

So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.

Do we have any proof to it? It should be stopped. When people really understand the need and wish to buy bitcoin, they should be treated truly which would in turn bring more people into crypto community. I am sure you understand it.  What would happen when they realize that you cheated them by getting extra amount for the coin they bought. Obviously the business would ruin itself down the line.  Let's prompt and keep in mind the reason it was found for

[mimakter]

It is very possible and it is for a very simple and clear reason, I have noticed that in India there is a lot of demand for Bitcoin buyers, there are many, and the simple law of higher demand less supply and less supply is more likely that the price is increased because everyone wants to get bitcoin! That is the main reason for me and without doing a corresponding market study.

[KennyR]

Such a situation prevailed in India when the price of bitcoin continued to grow higher and higher towards the ath $20000. Recently when the price of bitcoin fell low, the market situation in India is worse with the value less than that of the other trading market. Now with the sudden price increase price might have pumped higher than the market value.

[Tigorss]

What caused this to happen? When the price of Bitcoin in the Chinese market declines, in India it rises on the demand of Bitcoin and the consistent growth of Bitcoin trade volume every day.