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dsly
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December 31, 2014, 12:43:27 AM |
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This is great. If BTC can spread to more populous countries like India/China than it's sure to grow.
Its already wide spread in China. Not sure about India. I think the major factor has been the volatility that steers people away. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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bornil267645
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December 31, 2014, 03:02:20 AM |
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Bankers will never support Bitcoin, he's just blushing....
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RocketSingh
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December 31, 2014, 09:46:29 AM |
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Bankers will never support Bitcoin, he's just blushing....
RBI is an autonomous regulatory body in India. They are not involved into public banking. |
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Muuurrrrica!
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December 31, 2014, 10:20:51 AM |
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central bank talks good about bitcoin? Something isn't right here.
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BTCXE
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December 31, 2014, 10:36:54 AM |
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This is really great news for the world's biggest democracy. I truly hope that indian states fully embrace crypto as the way forward
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BTCXE.com - The simple bitcoin converter
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Sindelar1938
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December 31, 2014, 12:36:58 PM |
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Rajan is a pragmatist and a realist. I am not surprised that he is not closed to the benefits of btc tech but this is hardly a stirring endorsement
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LiteCoinGuy
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In Satoshi I Trust
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December 31, 2014, 02:17:02 PM |
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lets be realistic, bitcoin will be a rollercoaster and some countries will ban it when BTC becomes "a danger" (already happend). if this ban is successfull in a long run .... I'm in doubt about it. http://techcrunch.com/2014/12/31/indian-government-censorsht/ |
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sumantso
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December 31, 2014, 02:30:15 PM |
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People clutching at straws hoping Indians will buy up and increase prices. I remember when the Chinese bubble popped there were loads in the Speculation area who were convinced that the gullible Indians will buy up Bitcoin like crazy and make them rich. Somebody in particluar named Bitchick Husband (or something like that that) was absolutely convinced and put up bullet points explaining how India can not not buy up Bitcoins  |
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newIndia (OP)
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January 01, 2015, 09:08:45 AM |
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The link u have mentioned is altogether different scenario. These sites were communicated to take down ISIS contents. They did not respond to the request. Then when they are blocked, they have started to respond. If internal security is compromised, action will be taken.... NORMAL. |
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botany
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January 02, 2015, 12:14:23 AM |
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I thought India was super against Bitcoin. What happened?
Im not sure if anyone is against it as of now.! I'd say most of them r naive about it.! I wouldn't say central bankers are naive. I guess governors of central banks across the world would have heard of Bitcoin and would know exactly how it works. |
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lyth0s
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World Class Cryptonaire
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January 02, 2015, 12:22:59 AM |
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The governor is open minded about bitcoin, not quite speaking positively about It. He is more interested in credit card payment with NFC.
Even so, that's a start. |
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General_A
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January 02, 2015, 01:03:25 AM |
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This is really great news for the world's biggest democracy. I truly hope that indian states fully embrace crypto as the way forward
I hope but I am very skeptical. |
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 02, 2015, 04:01:31 AM |
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I 100% agree with everything he says, the amount of fluctuation revolving around BTC is ridiculous, I would rather the price drop to $100 and be stable rather than $1000 and unstable.
$100 is too cheap, and at that price bitcoin will be even more volatile. Right. The lower the price goes, the larger percentage of swings we see. There was a time when 60% swings in a day were not uncommon. Now it's maybe as much as 10% |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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iGotSpots
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CPU Web Mining 🕸️ on webmining.io
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January 02, 2015, 11:14:14 AM |
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India and China will both play a big part in the long term. Such huge digital markets
Going lower is only better for those of us that trade on percents instead of dollars as posted above, too
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sandykho47
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Knowledge its everything
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January 02, 2015, 11:17:44 AM |
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It's great news since india population is high Let's hope india & other countries won't ban bitcoin  |
Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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General_A
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January 02, 2015, 11:59:23 AM |
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I 100% agree with everything he says, the amount of fluctuation revolving around BTC is ridiculous, I would rather the price drop to $100 and be stable rather than $1000 and unstable.
$100 is too cheap, and at that price bitcoin will be even more volatile. Too cheap on what metric? |
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sgk
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!! HODL !!
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January 02, 2015, 12:35:47 PM |
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I thought India was super against Bitcoin. What happened?
There was nothing 'against' Bitcoin, the RBI had only issued a statement warning people of Bitcoin's risks and volatility. Also, in their current statement I see no clear positive or negative response. They're acknowledging the future viability of digital currencies - but the whole world acknowledges it anyway. What would really mean as a 'positive acceptance' is a timeline to adopt to digital currency. |
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QuestionAuthority
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You lead and I'll watch you walk away.
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January 02, 2015, 02:18:01 PM |
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I thought India was super against Bitcoin. What happened?
There was nothing 'against' Bitcoin, the RBI had only issued a statement warning people of Bitcoin's risks and volatility. Also, in their current statement I see no clear positive or negative response. They're acknowledging the future viability of digital currencies - but the whole world acknowledges it anyway. What would really mean as a 'positive acceptance' is a timeline to adopt to digital currency. Well, I guess neutral is better than negative. |
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botany
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January 03, 2015, 06:16:33 AM |
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I thought India was super against Bitcoin. What happened?
There was nothing 'against' Bitcoin, the RBI had only issued a statement warning people of Bitcoin's risks and volatility. Also, in their current statement I see no clear positive or negative response. They're acknowledging the future viability of digital currencies - but the whole world acknowledges it anyway. What would really mean as a 'positive acceptance' is a timeline to adopt to digital currency. Well, I guess neutral is better than negative. The fact that he is neutral shows that he has open mind. Good for Bitcoin |
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Fernandez
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January 03, 2015, 06:29:34 AM |
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I thought India was super against Bitcoin. What happened?
There was nothing 'against' Bitcoin, the RBI had only issued a statement warning people of Bitcoin's risks and volatility. Also, in their current statement I see no clear positive or negative response. They're acknowledging the future viability of digital currencies - but the whole world acknowledges it anyway. What would really mean as a 'positive acceptance' is a timeline to adopt to digital currency. Well, I guess neutral is better than negative. The fact that he is neutral shows that he has open mind. Good for Bitcoin They were never negative. They warned against the risks involved and they turned out to be correct. Anyone who ignored their warnings earlier lost a huge part of their investment. Indian central bank is not like others. For starters, they actually take a rational view and are doing a great job in spite of constant government interference. |
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