Quote from: MFahad on January 12, 2017, 03:42:31 PM

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Quote from: buysellbitcoin on January 05, 2017, 08:29:10 AM

Quote from: RohitTripathy on January 05, 2017, 06:19:39 AM

Quote from: bitcoinisbest on January 05, 2017, 05:45:18 AM

Quote from: RohitTripathy on January 05, 2017, 03:42:22 AM

Does any one have an idea how many BitCoin users are there in India ?

I think its important to have basic data so that we can get a clear picture about its adoption and rate of growth.

You will not know exact number of users in India as there is no standard site available where users need to registered if they would like to trade in bitcoin. But yes you can ask exchanges in India about total number of users registered with them. But it will just give you a very fair idea and not even a close numbers to actual users.

Even a rough range will give us lot of information. Like less than 50000 users .. Or between 50000 and 1 Lakh users .. I don't think its more than 1 lakh users.

Zebpay has over 300k users.

Regards

How many of them are from India?

My estimate would be about 400-500k users in India and easily adding up 20-30k new users every month.

More Indians are coming into bitcoin and it is very positive for bitcoin. We can see a decent price move in the coming days and in 2017. Venezuela has followed India's path by demonetizing it's highest value currency note and this will add more fuel to the bitcoin rally.

I dont think it will have any effect of Venezuela demonetizing its currency because what is the total trades of that country is not that significant that can control the market prices up and down. Just for example after India banning the currency price wnet up and now more people are added to trade btc but see prices fell from 1100$+ to 800$