Bitcoin Demand Explodes in India, Overwhelmes Exchanges

[Y_Participant 4591]

Bitcoin Demand Explodes in India, Overwhelmed Exchanges Put Limits on Purchases

<<Y

Another minimum 50 million or so buyers or 4% of the Indian population (who can afford it) have just got on the bitcoin wagon…

India has capital controls like China – and like China the Indians will find a way round it as well.

Y>>

https://cointelegraph.com/news/bitcoin-demand-explodes-in-india-overwhelmed-exchanges-put-limits-on-purchases

In India, with thousands of new users flocking to Bitcoin every day, exchanges have been overwhelmed leading to downtime and slow processing of transactions.

The unprecedented demand for Bitcoins has come in the background of the government requesting feedback about virtual currencies from users.

[Jan SobieskiParticipant 28791]

This can’t be a good sign.

Love is just alimony waiting to happen. Visit mgtow.com.

[Anonymous 42]

I see a purchase driven collapse of bitcoin, wherever a stampede drives an option there’s always a cliff the herd runs off. Bitcoin could be attacked by certain Gangbankster countries that have allot to loose on all the fiat currencies they print, charge interest, and water down the fruits of everyone’s labor.

Bitcoin has enemies, a war is about to begin. International Bitcoin taxation on international commerce?

There will be ball squeezing, nothing is allowed to exist free and clear of the swamp.

[Y_Participant 4591]

Jan Sobieski wrote:

This can’t be a good sign.

Anonymous wrote:

I see a purchase driven collapse of bitcoin, wherever a stampede drives an option there’s always a cliff the herd runs off. Bitcoin could be attacked by certain Gangbankster countries that have allot to loose on all the fiat currencies they print, charge interest, and water down the fruits of everyone’s labor.

Nothing is this good – agreed. This is going wayyy too fast.

Tower – spot on as usual. Once this becomes a real money issue Bitcoin and other cryptos are targets. India may be the first one to formally do it. They really do not want their newly implemented credit system compromised. And that is exactly why people want out – after the confiscation of cash last year. Will it be a bitcoin confiscation and how will India do it? Let’s see.

Oh – and look out belooooooow!!!!

[AttonParticipant]

Anonymous wrote:

There will be ball squeezing, nothing is allowed to exist free and clear of the swamp.

Except for science and technology.

A MGTOW is a man who is not a woman's bitch!

[Faust For ScienceParticipant 22521]

Y_ wrote:

Another minimum 50 million or so buyers or 4% of the Indian population (who can afford it) have just got on the bitcoin wagon…

To put this in perspective, 4% of India’s 1.2 billion population is 48 million people.

After the president of India late 2016 outlawed the old currency and did not allow the people to replace the old currency with the new currency, India has been a slow motion s~~~ show into complete collapse.

[Anonymous 14]

I heard the idea proposed on some radio news station that what we could be seeing is Bitcoin being driven up by whoever on purpose… so that the argument for an all digital currency can be made, like “hey, you guys want digital currency this badly, ok, here it is”… Then make everything but the Government “currency” illegal…

I guess this could just be organic as well, people are waking up to the Ponzi scheme that FIAT money is.

[Faust For ScienceParticipant 22521]

Anonymous wrote:

I heard the idea proposed on some radio news station that what we could be seeing is Bitcoin being driven up by whoever on purpose… so that the argument for an all digital currency can be made, like “hey, you guys want digital currency this badly, ok, here it is”… Then make everything but the Government “currency” illegal…

It is very possible we are seeing a pump and dump of Bitcoin.

If one wants to see what a pump and dump stock scheme is like, go watch the movie, “The Boiler Room” starring Giovanni Ribisi and Vin Diesel. No. It is not an action movie. It is a good drama movie.

Anonymous wrote:

I guess this could just be organic as well, people are waking up to the Ponzi scheme that FIAT money is.

The problem is the whole market (products, metals, currencies) has been turned into several ponzi schemes backing each other. The level of rigging is beyond insane. And the globalists have corrupted the situation that trying to make money from the markets gets you a “insider trading” felony conviction, and trying to prove the rigging gets you a “stealing proprietary information” felony conviction.

[BeerParticipant 11832]

Anonymous wrote:

I guess this could just be organic as well, people are waking up to the Ponzi scheme that FIAT money is.

You say this like you think bitcoin is not a fiat ponzi scheme lol.

[Anonymous 14]

Beer wrote:

Joe Bauers wrote:

I guess this could just be organic as well, people are waking up to the Ponzi scheme that FIAT money is.

You say this like you think bitcoin is not a fiat ponzi scheme lol.

Good point, oh no, I know it is…It just happens to be one outside of Government control. I prefer gold and silver myself.

[Anonymous 14]

Got your messages Yumbo, couldn’t respond, hit my limit for the day or week, idk…

Anyhow, yep, nope, yep, yep, yep and maybe. lol j/k.

Just wanted to let ya know I read it and understand.

[Y_Participant 4591]

Anonymous wrote:

Got your messages Yumbo, couldn’t respond, hit my limit for the day or week, idk…
Anyhow, yep, nope, yep, yep, yep and maybe. lol j/k.
Just wanted to let ya know I read it and understand.

Great. Cheers.

[Author]

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