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Author Topic: Where are Russia, India and Brasil in the BTC issue ?  (Read 1603 times)
segeln
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December 19, 2013, 08:52:33 AM
 #1

Any conlusive arguments?
why are they not in  yet?
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Zarathustra
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December 19, 2013, 09:00:50 AM
 #2

Any conlusive arguments?
why are they not in  yet?


http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-12-13+to+2013-12-18
segeln
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December 19, 2013, 09:15:46 AM
 #3

But comparing the Population of the different countries, they are not big in. Especially india
thanks for the link anyway,
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December 19, 2013, 09:18:18 AM
 #4

Any conlusive arguments?
why are they not in  yet?

Actually Russia is already very involved in bitcoin, and has been since the beginning. All of the eastern countries have great potential for bitcoin.

more or less retired.
segeln
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December 19, 2013, 09:22:35 AM
Last edit: December 19, 2013, 09:35:49 AM by segeln
 #5

Actually Russia is already very involved in bitcoin, and has been since the beginning. All of the eastern countries have great potential for bitcoin.
again: they should have had much more Impact on the BTC Price.
India ist close to China in the population
maurya78
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December 19, 2013, 09:42:45 AM
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India is only an entry level adopter at this point
Not sure that India will be a big player in the foreseeable future

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December 19, 2013, 10:00:12 AM
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Actually Russia is already very involved in bitcoin, and has been since the beginning. All of the eastern countries have great potential for bitcoin.
again: they should have had much more Impact on the BTC Price.
India ist close to China in the population


As crazy_rabbit wrote: Russia is big in and Russia has/had big impact on the price.
segeln
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December 19, 2013, 10:24:15 AM
 #8

As crazy_rabbit wrote: Russia is big in and Russia has/had big impact on the price.
well I haven`t seen the Big price Impact of Russia(my fault).
So, India and Brasil remains to be explained
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December 23, 2013, 09:07:56 PM
 #9

Who say that they not in? They are here...

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December 23, 2013, 10:12:54 PM
 #10

Easy, electronic payments are just not as popular in India or Brazil like they are in the U.S. or Europe. There are millions living without cash in America, paying everything with their credit card, whereas in India, there are millions of people without a bank account.

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December 24, 2013, 09:52:07 PM
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Clearly no major economy is big in, otherwise the market cap wouldn't be less than 10 billion!
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December 25, 2013, 12:58:48 PM
 #12

compared to their population they are all tiny bitcoin users so far. i guess it just needs time and information.

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December 27, 2013, 04:01:08 AM
 #13

here's India...

http://www.thehindu.com/business/Industry/bitcoin-operators-shut-shops-in-india-amid-rbi-warning/article5504407.ece
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December 27, 2013, 07:36:41 PM
 #14

Coindesk.com has a few articles about the recent RBI decision/guidance in India.

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December 29, 2013, 02:58:43 PM
 #15

BTC-E.com is arguable the biggest and best exchange, based in Ukraine. I'm very interested to see how BRICS play it as they keep getting treated like bitches in the IMF and as currency/trade wars escalate. As they try to assert their new economic power in the international settlements system I think some of them at least will turn to crypto either as a dark horse piece on the grander chess board or as an outright, open play to undo the IMF.
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January 01, 2014, 07:29:33 PM
 #16

Any conlusive arguments?
why are they not in  yet?

In Russia downloaded 278,119 purses. This is 5.6% of the total number of downloads. If you focus on this figure, the 0.0019% of the population of this country know and is ready to use Bitcoin. In Russia there are exchange markets. Russian promote some forks, created miner pools and news sites. Unfortunately not yet developed service. But investors remain in uncertainty due to the lack of response from the regulators
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January 01, 2014, 07:44:27 PM
 #17

India and China have already played their hand. They are both negative on bitcoin. India is cracking down hard and China is hedging its bets... no China is negative as well. Neither one of them will allow it to function as a conduit for capital outflow.

Russia is somewhat connected to BTC-E. But I think BTC-E is based in Bulgaria or is it Ukraine? Anyway I don't think I've heard any official statement from Russia regarding bitcoin. Has anybody else heard of anything from their central bank?

Frankly I don't think we should expect much from any of these countries save Russia. They are not going to jeopardize their economies by letting people put money into BTC. I think when you do that most of the money flows to the west and especially America because all the early adopters are there.

mrugala
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January 01, 2014, 08:16:43 PM
 #18



Russia is somewhat connected to BTC-E. But I think BTC-E is based in Bulgaria or is it Ukraine? Anyway I don't think I've heard any official statement from Russia regarding bitcoin. Has anybody else heard of anything from their central bank?


I believe it is Bulgaria
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