Indonesia, the second largest crypto adopter without legality.

[Nikolas Brown]

The people of Indonesia understand the vast potential cryptocurrency offers which plays a part on motivating them to invest in it. The percentage of people in their country accurate or not can still be said that it is high in order to rank like this. Just goes to show if a government legalized cryptocurrency or not, if people deem it useful and see the potential anything can happen as we can see now. Hopefully we'll see their government change their views on it too, only with time.

[Markus Good]

Despite the ban by their Government, Indonesians are really interested in crypto. Crypto has been the source of income for many of their citizens. I hope their Government lifts the ban and take steps to adopt crypt currency.

[kalstarzz]

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

You're very right, there are so many people in Indonesia who enter the world of crypto specifically Bitcoin, but it's not uncommon for them to enter Crypto without strong reason and sufficient knowledge. they just want something instant and fast.

[shield132]

Crypto isn't better solution for economy, it's a payment way and currency at the same time, has it's pros and cons, it's not revolutionary thing. If you disagree, then write arguments, I'll do the same.
And now, who said bitcoin is illegal anywhere? If you can use it as you wish, if no one sends you in jail for transaction, buy things from amazon, ebay and etc, do everything and pay everything, everyone you wish and still you are free, then how is it illegal? Don't you guys know ehat legal and illegal means? That's insane.

[traderethereum]

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

Maybe Indonesian people only know about bitcoin, and they do not yet use bitcoin. Maybe they only have bitcoin without buying something by online or offline. We don't know the truth for this, and we only know based on that survey. We still don't know how much percentage of the people who are using bitcoin. But I don't think that crypto is a solution to create a better economy, but I think it's a solution to create a better financial for every people who want to join in the crypto.

[reynald70]

Despite the ban by their Government, Indonesians are really interested in crypto. Crypto has been the source of income for many of their citizens. I hope their Government lifts the ban and take steps to adopt crypt currency.

Yes, the Indonesian government seems to want Indonesians to find no losses caused by Cryptocurrency. So the Indonesian government has not legalized Crypto in Indonesia until now. But in my opinion, if Crypto users are already very much in Indonesia, it is better for the Government to legalize bitcoin as the second currency after IDR. Of course the government must also make a law on the use of Bitcoin in the country of Indonesia.

[KKH84]

I am sure 63% of Indonesians know crypto, especially bitcoin, but I think only 30% really understand bitcoin and the rest they are only limited to know without learning more, here education will be very important about bitcoin so they don't misstep if they want to invest in bitcoin.

[Afnan_faizah]

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

I disagree with that. The percentage is too high, not many people in my country who know about bitcoin, here in my circle only few people who know bitcoin I live in big city in indonesia and people here are only focus to work in company. Government still don't legalize bitcoin yet, but government also don't ban it.

[Shreek]

but Indonesia does not have a big effect because of the lack of large investors that nest in Indonesia
the majority of Indonesians use cryptocurrency as a tool to make money, without understanding the uniqueness of blockchain technology
indeed when there was an ICO originating from Indonesia launching, the related project was usually successful, because the support of the cryptocurrency community from Indonesia was so great

[sirminesalot]

I am sure 63% of Indonesians know crypto, especially bitcoin, but I think only 30% really understand bitcoin and the rest they are only limited to know without learning more, here education will be very important about bitcoin so they don't misstep if they want to invest in bitcoin.

yes you are right, actually there are a lot of indonesian people who are compatible with bitcoin if they have the intention and want to give up effort they will surely succeed with bitcoin. in Indonesia the majority are villagers whose economy is lacking and bitcoin can be used even though it is illegal.

[perla]

I am sure 63% of Indonesians know crypto, especially bitcoin, but I think only 30% really understand bitcoin and the rest they are only limited to know without learning more, here education will be very important about bitcoin so they don't misstep if they want to invest in bitcoin.

yes you are right, actually there are a lot of indonesian people who are compatible with bitcoin if they have the intention and want to give up effort they will surely succeed with bitcoin. in Indonesia the majority are villagers whose economy is lacking and bitcoin can be used even though it is illegal.

Don't say it is illegal, in Indonesia bitcoin have no regulation not means illegal. We still can use it even we can't get law protection when we get scammed or anything related about it.

[MGBloomz]

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

I am indonesian and i am believe that survey is true. Many people having knowledge about cryptocurrency and many of them investing their money into cryptocurrency market. I think its great but like others country, we can use bitcoin for payment in merchant because againts regulation but we have a local exchanger

This is a good percentage for Indonesia and this will increase in the years to come considering their literacy rate at 95%. I just hope that mass adoption has implemented to increase the demand of cryptocurrency as mode of payment not just a commodity.

[emberbekas]

Indonesia's total population at the end of 2017 is 264 million. 63% means around 166 million. I doubt the results of the survey with two assumptions. First, the crypto currency in Indonesia is still not recognized as a legitimate payment instrument. Second, the average of Indonesian population lives in the village and with a low economic level. I don't think people will invest their money in crypto currency while their lives are still low. Indeed, the number of people who knows and invest in crypto is big but the percentage isn't that huge.

[bolbau]

as an Indonesian citizen, I can say that the survey can be said to be true. that the cryptocurrency market here is able to run without any definite legality or regulation from the government. around the beginning of 2018, Indonesian banks (government central banks) briefly issued a statement to ban bitcoin. but over time, that did not happen. the central bank only limits crypto use as an investment in digital assets / trading, crypto is not permitted for transaction tools, and this is indeed not yet possible, because there are no goods companies that accept crypto payments. besides the Indonesian president, In his speech, Mr. Joko Widodo stated that everyone must be ready to accept blockchain technology (which is used by crypto), because this is a future innovation, you can find it on youtube.

but if the data says 63% of Indonesians know the crypto world I think that number is too excessive. even in big cities like the capital city of Jakarta, or in the academic environment of universities, there are still many people who don't know the crypto industry in depth, maybe they simply know what bitcoin is from the news in the media. then what about the village community? without reducing respect, I'm not even sure they know Bitcoin especially crypto as a whole.

[musharaf]

If large portion of the Indonesian population are in crypto and other countries while the Asian countries are also coming to the crypto world and bitcoin is useful but those who understand that crypto is important to them they are availing every opportunity of crypto and if Indonesian allow this as legal then 95% of them will use it.

[piebeyb]

introducing bitcoin and the world of cryptocurrency is important, I think because I am also an Indonesian, of course the most important thing in bitcoin is not just a value, but also introducing them about bitcoin or other crypto currencies through writing or explaining to them directly, I I think there will be many other adopters who grow up there, of course, in that way it will grow faster

[Gabah56]

I happen to be an Indonesian citizen, bro. and I am very happy to collect crypto, the price is falling sharply. so that I can make a profit even if only a little.

[qwerty1337]

I feel proud of being an Indonesian who has the second largest percentage of crypto holders even though our country still prohibits crypto as a digital currency, but hopefully the country knows this percentage value and considers the desire of its people to crypto and give them more room to work

When a high-quality cryptocurrency control apparatus appears, legitimize exchange operations in Indonesia

[MichaelOwen]

Indonesia, the fourth most populous country in the world, stands behind the United States, with a strong and vibrant Bitcoin community. The vast majority of Indonesia's population do not use banks, and the Rupiah is one of the most heavily traded Bitcoins in the world.

[euphemia]

This is about true because they're one to have the most population country here in ASIA. They also know a lot about technology this days. I am not surprise that most of Indonesian known cryptocurrency as alternative way to earn money/profit. Its's just maybe because same as my country the salary they got was not enough to make a living.