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Author Topic: Who's spending their coins?  (Read 1430 times)
skang (OP)
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June 04, 2014, 11:33:16 AM
 #1

Which service if available in India would you avail for cryptocoins?
Do Indians want to spend their coins?

"India is the guru of the nations, the physician of the human soul in its profounder maladies; she is destined once more to remould the life of the world and restore the peace of the human spirit.
But Swaraj is the necessary condition of her work and before she can do the work, she must fulfil the condition."
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June 04, 2014, 11:39:59 AM
 #2

I would - for a spa

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BitCoinDream
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June 04, 2014, 01:35:22 PM
 #3

Which service if available in India would you avail for cryptocoins?
Do Indians want to spend their coins?


Nopes ...I prefer to HODL  Wink

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June 04, 2014, 08:19:47 PM
 #4

I would - for a spa

Go to chandigarh for spa and salon Cheesy

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June 04, 2014, 08:54:10 PM
 #5

I want to spend Bitcoins in Restaurant.

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June 04, 2014, 08:56:41 PM
 #6

I want to spend Bitcoins in Restaurant.

Thandani's in Mumbai

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June 04, 2014, 09:04:13 PM
 #7

I want to spend Bitcoins in Restaurant.

Thandani's in Mumbai

I am in Delhi, but still PM me address my family in Mumbai and I go every year Mumbai so surely will visit Thandani's.

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June 04, 2014, 09:30:40 PM
 #8

Not yet...... >.<


Collector here


What about ebay.com? Any news? I'dd love  Cool
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June 05, 2014, 07:26:26 AM
 #9

I would - for a spa

Go to chandigarh for spa and salon Cheesy
They stopped accepting bitcoins No?

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June 05, 2014, 07:59:56 AM
 #10

I would - for a spa

Go to chandigarh for spa and salon Cheesy
They stopped accepting bitcoins No?

Yep, they stopped.

skang (OP)
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June 05, 2014, 08:23:13 AM
 #11

So basically no one wants to spend here. That explains lack of business perhaps?

"India is the guru of the nations, the physician of the human soul in its profounder maladies; she is destined once more to remould the life of the world and restore the peace of the human spirit.
But Swaraj is the necessary condition of her work and before she can do the work, she must fulfil the condition."
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June 05, 2014, 08:52:51 AM
 #12

So basically no one wants to spend here. That explains lack of business perhaps?

lol, Its India and India is famous for saving not spending.

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June 05, 2014, 11:47:50 AM
 #13

currently not spending any Cheesy  just have small portion to hold

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June 05, 2014, 01:04:14 PM
 #14



Spent bitcoins (converted them to fiat at current rate) for magazine subscription

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June 05, 2014, 05:46:40 PM
 #15

I would - for a spa

Go to chandigarh for spa and salon Cheesy
I'm from Chandigarh and was lil excited when i first heard about CastleBloom accepting bitcoin, early this year, but later with RBI's involvement they stopped it I'll love to see them getting back to bitcoins later this year.

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June 05, 2014, 07:11:42 PM
 #16

Just wondered if there was a new one !

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June 05, 2014, 07:12:44 PM
 #17

According to me, a boutique accepting bitcoin would rock ! Think about it Smiley

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June 06, 2014, 06:56:52 AM
 #18


Did they got even a single payment in Bitcoin Tongue

Regards

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June 06, 2014, 06:57:51 AM
 #19

We have spent some coins for advertising etc.

Regards

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June 06, 2014, 07:09:59 AM
 #20

We have spent some coins for advertising etc.

Regards
Yeah yeah, i remember you paid me for GBC sponsorship in bitcoins.

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June 06, 2014, 07:12:14 AM
 #21

You know dashingriddler, how tough for traders like us to get some Bitcoins out of our rolling for spending...We are always either short of FIAT or Bitcoins Tongue

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June 06, 2014, 07:17:38 AM
 #22

You know dashingriddler, how tough for traders like us to get some Bitcoins out of our rolling for spending...We are always either short of FIAT or Bitcoins Tongue

Regards
As if i do not know now ! For me most of the times it is short of FIAT though.

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skang (OP)
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June 06, 2014, 02:42:39 PM
 #23

So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!

"India is the guru of the nations, the physician of the human soul in its profounder maladies; she is destined once more to remould the life of the world and restore the peace of the human spirit.
But Swaraj is the necessary condition of her work and before she can do the work, she must fulfil the condition."
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June 06, 2014, 05:24:03 PM
 #24

So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!

If a single thread can get you to reach that conclusion, then your survey is not correct.
There are people spending Bitcoin. A go-karting place in Mumbai recently started accepting bitcoins and I have received news that some funds are trickling in. Their main clientele happen to be the young and hip kids who have enough of daddy's money to stay in the game.
The merchant has to identify his clientele and then accept Bitcoin to see the real impact.

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June 06, 2014, 07:50:15 PM
 #25

So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!

If a single thread can get you to reach that conclusion, then your survey is not correct.
There are people spending Bitcoin. A go-karting place in Mumbai recently started accepting bitcoins and I have received news that some funds are trickling in. Their main clientele happen to be the young and hip kids who have enough of daddy's money to stay in the game.
The merchant has to identify his clientele and then accept Bitcoin to see the real impact.
+1

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skang (OP)
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June 07, 2014, 11:03:46 AM
 #26

So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!

If a single thread can get you to reach that conclusion, then your survey is not correct.
There are people spending Bitcoin. A go-karting place in Mumbai recently started accepting bitcoins and I have received news that some funds are trickling in. Their main clientele happen to be the young and hip kids who have enough of daddy's money to stay in the game.
The merchant has to identify his clientele and then accept Bitcoin to see the real impact.

Ok then. I have an idea to take this survey to the field. Will disclose the findings soon.

"India is the guru of the nations, the physician of the human soul in its profounder maladies; she is destined once more to remould the life of the world and restore the peace of the human spirit.
But Swaraj is the necessary condition of her work and before she can do the work, she must fulfil the condition."
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June 07, 2014, 01:48:18 PM
 #27

So pretty much most of the regular enthusiasts have replied and rarely do they wish to spend for a service.

Few days ago, I convinced my 2 businessmen friends to start accepting BTC to which they replied they would gladly, if Indians are  spending them. They are BTC geeks and their opinion is of some worth to me. This survey tells me something important; any kind of crypto merchant services are a bad startup to do in India for now.

I hope you disagree and disapprove me guys but look at the comments!

If a single thread can get you to reach that conclusion, then your survey is not correct.
There are people spending Bitcoin. A go-karting place in Mumbai recently started accepting bitcoins and I have received news that some funds are trickling in. Their main clientele happen to be the young and hip kids who have enough of daddy's money to stay in the game.
The merchant has to identify his clientele and then accept Bitcoin to see the real impact.

Ok then. I have an idea to take this survey to the field. Will disclose the findings soon.

Just FYI

We are working on a service where about 100+ merchants across India will start accepting bitcoins and other cryptocurrencies

However the problem is not accepting it. The problem is nobody want to spend it.

Will look forward for a change in consumer behavior.

Regards,
Amit Kumar

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June 08, 2014, 07:17:50 AM
 #28

I have spent 1 bitcoin till date, bought a pair of headphones  Grin
Fernandez
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June 10, 2014, 07:40:55 AM
 #29

Which service if available in India would you avail for cryptocoins?
Do Indians want to spend their coins?


Nopes ...I prefer to HODL  Wink

I am HODLing too. Don't have much anyway to worth spending them now.






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