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TrailingComet
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May 15, 2014, 03:12:44 PM |
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India is unlikely to see game changing adoption quickly
Bot will be a factor in coming years
Step in the right direction thpugh
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coindozer7
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Activity: 71
Merit: 10
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May 15, 2014, 03:18:19 PM |
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I can definitely see India becoming a huge market in Bitcoin.
But, China is not dead yet and hope it will bounce back soon after Chinese gov't soothes out on its regulation policy
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dreamspark
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May 15, 2014, 03:21:42 PM |
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I have been to India. The caste system would never allow bit coin to thrive. The mere thought of the lower classes having wealth not controlled by the upper echelon would be unpalatable.
This is a good point. I think that the upper echelon will for sure try and resist it but in a world wide system there is almost nothing they can do to stop people acquiring it. It is somewhat akin to the situation in China though. On a global scale Bitcoin is unstoppable in regards to owning it and transacting in it, thats the beauty of a decentralized system. What can be done is to make it harder and harder to get. Luckily with the internet and the wealth of knowledge contained within it this the ''getting" part is becoming easier and easier. |
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cuddaloreappu
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May 15, 2014, 04:11:58 PM |
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I am from India...the story that India will be the next for bitcoin is as aspiring as each if bitcoin reaching 100000$.
So take some grains of salt, actually lot of salt..
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cuddaloreappu
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May 15, 2014, 04:14:28 PM |
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I have been to India. The caste system would never allow bit coin to thrive. The mere thought of the lower classes having wealth not controlled by the upper echelon would be unpalatable.
+1..well said..the caste system is the greatest evil on the planet...some Mothers kill their own daughter in the name of honor killing if the daughter married a boy from another caste. |
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maikelblogo
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Mayuyacoin promoter.
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May 15, 2014, 04:24:55 PM |
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I have been to India. The caste system would never allow bit coin to thrive. The mere thought of the lower classes having wealth not controlled by the upper echelon would be unpalatable.
+1..well said..the caste system is the greatest evil on the planet...some Mothers kill their own daughter in the name of honor killing if the daughter married a boy from another caste. I don't think so. India's cast sistem will adopt very well the bitcoin for cast issues. They can adopt everything wich is good for the health of economy. However, if it's hard as you say. No matter. I am from India...the story that India will be the next for bitcoin is as aspiring as each if bitcoin reaching 100000$.
So take some grains of salt, actually lot of salt..
US$ 100.000,00?  Maybe not for this year, i hope so at the end of 2015 if banning won't come thru before.... At the end of this year. The bitcoin will be from to 15.000 to 25.000 only in a optimistic case... |
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innocent93
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May 15, 2014, 04:47:27 PM |
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India has a population that above 10 billions,However, the size of economy is too small.
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hellscabane
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May 15, 2014, 04:52:38 PM |
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India has a population that above 10 billions,However, the size of economy is too small.
What? Where did you get that the population of India is over 10 billion? Anyhow, yes, as many others would agree, the economy is quite small and their financial markets are not as developed as many of the other countries that could make an impact. |
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innocent93
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May 15, 2014, 05:06:27 PM |
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India has a population that above 10 billions,However, the size of economy is too small.
What? Where did you get that the population of India is over 10 billion? Anyhow, yes, as many others would agree, the economy is quite small and their financial markets are not as developed as many of the other countries that could make an impact. Sorry , just made a mistake.It should be “Over billion” |
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Lauda
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Terminated.
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May 15, 2014, 05:11:41 PM |
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I have been to India. The caste system would never allow bit coin to thrive. The mere thought of the lower classes having wealth not controlled by the upper echelon would be unpalatable.
+1..well said..the caste system is the greatest evil on the planet...some Mothers kill their own daughter in the name of honor killing if the daughter married a boy from another caste. I don't think so. India's cast sistem will adopt very well the bitcoin for cast issues. They can adopt everything wich is good for the health of economy. However, if it's hard as you say. No matter. US$ 100.000,00? Maybe not for this year, i hope so at the end of 2015 if banning won't come thru before.... At the end of this year. The bitcoin will be from to 15.000 to 25.000 only in a optimistic case... Well it can be worth $1,000,00 or any number that is. Because the inflation levels are slowly killing the USD. I'd like to see Bitcoin worth much more before that happens. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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jc01480
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May 15, 2014, 06:08:56 PM |
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What I fear is the global turmoil that will ensue as a result of people, who've never before had access to an economic equalization system, gaining access to one that cannot be manipulated by their respective governments. Man, I'm glad I'm out of the military.
I pray for a peaceful implementation of the principles of Bitcoin in all markets that will have it.
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neighborrr
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May 15, 2014, 06:27:44 PM |
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The Chinese government are going to regret trying to completely stop any real BTC development there!
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russokai
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May 15, 2014, 06:47:44 PM |
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Yes India will be next.....next to ban bitcoin and crush the price.
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gentlemand
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Welt Am Draht
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May 15, 2014, 07:25:34 PM |
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They've already done their share of banning.
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kokojie
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May 15, 2014, 08:02:15 PM |
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There's nearly zero adoption in India, no nodes, no miners, no exchange, no infrastructure, nothing. I don't see it changing any time soon.
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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pandher
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Stagnation is Death
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May 15, 2014, 09:48:33 PM |
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India is never going to be a suitable market for bitcoin
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Bibop
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May 15, 2014, 10:49:26 PM |
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There's nearly zero adoption in India, no nodes, no miners, no exchange, no infrastructure, nothing. I don't see it changing any time soon.
+1 doubt their ability to change at their situation.. |
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jc01480
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May 15, 2014, 11:24:28 PM |
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India is never going to be a suitable market for bitcoin
Don't make me call the help desk and ask them! Lol |
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beetcoin
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May 15, 2014, 11:36:50 PM |
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i don't see india quite as money hungry or ambitious like china. seems to me that there is something in asian cultures that likes non-manmade commodities.. i mean, china has a history of loving their gold.
at this point, i think the most important thing is to establish bitcoin's presence in the poorer countries with unstable currencies.
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