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btc_manager
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[2016-11-21] Bitcoin's Upside to Continue on Indian Demand and SegWit Update?; BTCManager's Week in Review Nov. 21

Mon Nov 21, 2016 10:33 pm

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The demand for Bitcoin in India dominated the cryptocurrency media space last week, as the demonetization push has opened up arbitrage opportunities, whereby the price in Rupees significantly exceeds the US Dollar price; bitcoin is trading on LocalBitcoins in India at over 60,000 Rupees, equivalent to roughly $875 at the current USD-INR exchange rate. Also, bitcoin's strength has been buffeted by a weakening Yuan, prompting buying interest from Chinese investors...

Read more here:

https://btcmanager.com/news/bitcoins-up ... ew-nov-21/


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Re: [2016-11-21] Bitcoin's Upside to Continue on Indian Demand and SegWit Update?; BTCManager's Week in Review Nov. 21

Tue Nov 22, 2016 2:14 am

This is good for bitcoin since millions of indians need to turn their useless bills into some hard assets. Perhaps Bitcoin will gain some reputation in India due to this incident.
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