Is this a good buy at the moment?
With these prices it is a good time to invest and sit on it, to HOLD. I am investing on monthly basis and currently standing at 20000 Rupees. I know it is not much but expecting the price to be at Q1/2018 around 10 dollars as India will grow big community and put more focus around it.
I think the start and success will eventually depend on Indians!
Everybody now are on the top 10 coins especially BTC. As I always said this coin and even the BTC will be good store of value but to display them as cash payment it's a bit too optimistic even for BTC. You need to have the speed which some coins have but this is not really the case with Ruppe . The other point is that many say in Asia we have 2bln people = big potential . This is not the case. We have to check how many people have :
- sufficient investment assets ,
- know the crypto and want to take a risk.
If you take Japan , there is 250 mln but are 50% on it with huge incomes and savings, for India only maybe 0.001 are able to invest something decent in crypto which most of the time goes to the big coins hence we struggle here to progress. The other issue with the project is the ideology side of it. Why should I buy Rupee ? Because it's called Rupee and it's from Asia? If this is the business value , it is definitely not sufficient to grow like VTC let's say. The business world does not care too much about it, all that matters is trust and potential and this is why today BTC is at 17k per coin. Will see how it work in the next months and if we are still where we are now , then decide .