Davis14
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May 15, 2014, 11:38:56 PM |
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Am I sensing a new bubble for btc?
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*Link Removed* [url=h
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hellscabane
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Activity: 896
Merit: 1000
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May 15, 2014, 11:47:59 PM |
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Am I sensing a new bubble for btc?
Yes, a very, very, very tiny bubble. But hey, a bubble's a bubble right?
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Malin Keshar
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May 16, 2014, 01:15:38 AM |
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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.
That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up
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beetcoin
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May 16, 2014, 01:20:48 AM |
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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.
That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up seems to me that india has less of a financial or entrepreneurial spirit than a country like china though. i don't think it'll grow seemingly overnight like it did in china.. but who knows, maybe i'm wrong.
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hellscabane
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May 16, 2014, 05:04:11 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.
That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up seems to me that india has less of a financial or entrepreneurial spirit than a country like china though. i don't think it'll grow seemingly overnight like it did in china.. but who knows, maybe i'm wrong. I mostly agree with this sentiment. Historically growth in India has been slower because of the social systems and the constant status quo of disparity. So it'll be hard to gain lasting penetration. However, this disparity has burgeoned a small group of people who are quite financially adept (i.e. the people who run the major in-house IT companies, and there are a few of them). So there is definitely a market that can be tapped into.
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Eotnak
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May 16, 2014, 06:09:57 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.
That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up A room full of natural gas needs more than a spark to blow up...it needs oxygen. Just like a country needs more than a lot of people for bitcoin to blow up there.
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saif92
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May 16, 2014, 06:14:33 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.
That means a huge market still unexplored. As far as I know there are lots of people with lots of money, and they are very strong in the IT industry, so for me it is like a room full of natural gas, just waiting to a spark to blow up A room full of natural gas needs more than a spark to blow up...it needs oxygen. Just like a country needs more than a lot of people for bitcoin to blow up there. I don't think Indian economy have any impact on bitcoin because central agencies already raided exchanges and Central government not allowing exchanges to work openly
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beetcoin
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May 16, 2014, 06:23:52 PM |
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hasn't india really been reclusive.. and they like to block a lot of "foreign" things. i remember they didn't even like coca cola into the country. seems like, historically, their government is fractured and i guess you could say xenophobic.
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leopard2
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May 16, 2014, 09:15:43 PM |
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LOL to the bears India is the world's No. 1 gold buyer, and despite government efforts it is also No1. gold smuggling nation They will love the digital alternative...
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Truth is the new hatespeech.
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wachtwoord
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May 16, 2014, 11:33:13 PM |
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Does anyone have an opinion about the election outcome?
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edwardspitz
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May 16, 2014, 11:44:27 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..
Does the site seem legit to you? I have serious doubts about it...
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R2Pleasent
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Owner@ CryptoFundingTracker.com
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May 17, 2014, 06:43:58 AM |
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India does not have the infrastructure to make anywhere near the impact of China. Furthermore, India's government already took a strong stance against Bitcoin. Just because it has a high population and an exchange does not mean it's going to take 50% market share overnight.
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Elwar
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Viva Ut Vivas
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May 17, 2014, 06:49:41 AM |
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Does anyone have an opinion about the election outcome?
They are saying there is a huge turnaround from the elections. A very business friendly government was elected, their markets soared after the election. The Bitcoin exchanges in India need to get the ear of key people in power to open things up.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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bryant.coleman
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May 17, 2014, 07:32:25 AM |
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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.
Not true. Have you ever checked the India sub-section of the Bitcointalk? https://bitcointalk.org/index.php?board=89.0It is one of the most active subsections in the Local section.
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goxed
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Bitcoin / Crypto mining Hardware.
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May 17, 2014, 10:22:47 AM |
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Looks like a new government just got elected in India. Apparently the leader Mr. Modi is business and tech friendly. Could be a bullish signal.
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Revewing Bitcoin / Crypto mining Hardware.
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Pepin
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May 17, 2014, 10:46:42 AM |
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India is plagued by decades of corruption, red-tape and cronyism.
Corruption, red-tape, and cronyism didn't stop Chinese exchanges from being set up, so I wouldn't think that it would stop Indian ones either.
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bryant.coleman
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May 17, 2014, 01:17:24 PM |
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Corruption, red-tape, and cronyism didn't stop Chinese exchanges from being set up, so I wouldn't think that it would stop Indian ones either.
I have been to India multiple times. And trust me, India is extremely hostile to business ventures, when compared to the business-friendly China. Sure, corruption do exist in China, but the magnitude of the problem is much lower when compared to that in India.
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bitcoin4eva
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May 17, 2014, 01:22:15 PM |
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Hopefully we will see a rise in the price of bitcoin!
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DustyRah
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May 17, 2014, 09:44:58 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.
That's an untrue statement. India is an extraordinarily complex country with so many types of people living and it is not controlled by one type of people. The upper class does not mean wealthy in Indian caste system AFAIK. They have some weird religion based caste system. I don't think Bitcoin will go main stream there simply because most people are not that tech savvy as Chinese and still rely on cash to do trade at low level. The government has incredibly tight capital controls and banks are also tightly regulated. Any type of Bitcoin craze in India would be very good news for BTC.
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Wilhelm
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May 18, 2014, 01:16:21 PM |
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Looks like a new government just got elected in India. Apparently the leader Mr. Modi is business and tech friendly. Could be a bullish signal.
India still is a prohibitism and have banned bitcoin by default in the last India bubble. If the new government becomes anything modernish like a democratic or republic it will be bullish. Until that happens don't think that India will ever enter bitcoin unless their government approves bitcoin and explicitly allows it.
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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