Quote from: pakhitheboss on Today at 01:34:30 PM

Quote from: vino.gcs on December 20, 2024, 09:19:57 PM

of course I hope that no one actually spends their bitcoins also because in India we really need reserves of value that could really help people who are in economic difficulty and who could find a way of hope with bitcoins

Bitcoin is no longer the crypto that the Indians are after in 2024. They are after coins/tokens that can make their investment grow by 10x or 50x. That is the reason why India has the second larget investor in meme coins. That is because a large number of investors are students or employees belonging from the middle class who are okay to take a big risk to succeed in this crypto rush. It is similar to what happened early in 2000 and late in 90s when the same middle class were joining MLM companies like Amway.

The terrible thing is they don't even know what is bitcoin or crypto, they watched some youtube videos from tech creators who has no idea what is crypto either suggested some names and we INdians have the habit of believing everything if it's coming from someone popular/celebrity like personal ended up getting into the scheme. I met someone recently who said I am also crypto investor and I asked which exchange you are using to buy bitcoin but his reply was,'What is bitcoin?'

Then I am like how the hell someone claim as crypto investor without even knowing what is bitcoin, then he said he bought some memecoins that is popular with the tap trend.