"Bitcoin annonced as illegal in india" not TRUE - page 4.

mrspumpkin

member

Activity: 266

Merit: 11

Quote from: nata777 on February 01, 2018, 05:14:46 PM

Quote from: GR92 on February 01, 2018, 05:08:06 PM

Every day we have terrible news...WTF?? Maybe capitalists understood, that the crypto is real danger for them? Cool

Most of these news are fake, especially for most people to sell their coins. Now you just need to wait. Only HODL

HODL. This strategy begins to transform into its true meaning - Hold on for dear life
I can't see the end of this falling and I'm afraid our optimism let us down

overnight54

newbie

Activity: 13

Merit: 0

Crypto is anonymous enough for trading , selling if you take care about it . Do not invest in projects wich is requiring to do KYC and do not use exchages with mandatory KYC and you will be fine. If you need a cashout , there is always an options , it differs from country to country , but you always can trade crypto for fiat at a black market .

Cryptosaphire18

member

Activity: 112

Merit: 10

Quote from: Soul Master on February 02, 2018, 07:35:09 AM

It's not good news, but it's also not good reason for such drama.
People in India don't have much money to dramatically influence the price of Bitcoin. Countries in Europe, in the other hand, have much more influence over the price of Bitcoin, because there are the investors with much higher purchasing power.

Sad to say,but we have to accept it because that's reality.All we can do now after that announcement in india are to stay positive and don't panic.Even critics call cryptocurrencies a speculative mania that will end in tears for thousands of retail investors. And some say that the price volatility is a distraction from the value of the underlying technology, which will transform the way money is stored and transferred and upend conventional banking.We hope that after this,in the future there are no other banning announcements and news like what happened in india.

adam1230

legendary

Activity: 1218

Merit: 1001

Everyday a country announce bitcoin illegal then they say its not illegal bla bla.
India cannot ban bitcoin cause too many freelancers getting paid on blockchain development. This will never happen.

Soul Master

newbie

Activity: 9

Merit: 0

It's not good news, but it's also not good reason for such drama.
People in India don't have much money to dramatically influence the price of Bitcoin. Countries in Europe, in the other hand, have much more influence over the price of Bitcoin, because there are the investors with much higher purchasing power.

travelgear17

full member

Activity: 406

Merit: 100

I am not surprised about this news. I think India is not a major country in cryptocurrency.
Don't panic about this type of news. Wait for good time in cryptocurrency.

brainitterem

newbie

Activity: 192

Merit: 0

as i read it was fake news about india, and people just panicked for nothing, its like always for years was with chinese nothing new, people love panic to rebuy more crypto at cheap, because news matters wwe will receive more this kind of fake news in future, so we can cut profits from newcomers.

sudhirratra68

newbie

Activity: 89

Merit: 0

Finance minister Arun Jaitley, in his budget speech on 1 February 2018, stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India. This was supposed to happen sooner or later and as of today, it is banned in India. It is not only limited to bitcoin but other virtual currencies also come under this ban.

lesinset

jr. member

Activity: 126

Merit: 1

This is an alarming news. Just this, I heard over the radio that our country will also be making steps to stop or regulate the use of bitcoin in our country. Having in mind that what had happened to India might soon also happen to our country. In such situation, I suppose I'd just buy all the bitcoin I have in a none traceable way, that I believe there is, and put it into the bank and wait for another good place to invest.

sunX3

newbie

Activity: 182

Merit: 0

Quote from: Piterg on February 02, 2018, 05:18:16 AM

Such a sharp drop is most likely due to the statement of Indian Finance Minister Arun Jetley on Budget 2018. He said that the government does not consider crypto currency as a legitimate means of payment. After that many mass media started writing about the imminent prohibition of bitcoin and other crypto currency in India.
But this is a complete nonsense, because India does not prohibit all the crypto currency.
Conclusions that can be drawn from the statement:
The authorities of India do not recognize bitcoin as a means of payment and will struggle with using crypto currency in illegal actions, as well as discouraging the public from using crypto currency as payment instruments.

So it's all FUD, right?

This happens quite a lot, the best thing you can do is monitor the news and react accordingly.

tiar4dewie

member

Activity: 154

Merit: 10

Quote from: Mudit47 on February 01, 2018, 04:18:13 AM

Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.

So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.

Or if they donot sell then will it be safe to do transaction or use exchanges in india?

Or is there any alternate way to sell crypto without attracting Govt attention?

REF-:

https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

http://www.livemint.com/Politics/xmBDOdP2H2hbXH7eV1VTqL/Budget-2018-Crypto-currencies-illegal-will-eliminate-their.html

https://www.hindustantimes.com/india-news/union-budget-2018-bitcoin-other-cryptocurrencies-not-legal-govt-to-eliminate-their-use/story-MrpXhzzrc9HwNxItWuGw3L.html

http://www.india.com/news/india/union-budget-2018-19-bitcoin-crypto-currencies-illegal-government-to-eliminate-its-use-says-arun-jaitley-2873185/

Supposing they could hold the BTC they had, and keep collecting it up in bulk.
And when it is enough with the BTC they have, if the local government has not changed the policy, they should visit the state that legalize BTC and make withdrawal entirely.

koloNikolo

member

Activity: 224

Merit: 10

Now a lot of news made for whales to come in bitcoin. The big agencies control the price. People and traders have to understand that. All the experienced traders (whales) doing waves for bitcoin to buy at low price. Did you ask yourself why the news about Bitfinex and Tether come to us just in the end of January but it was already known in the end of December? I think the same situation now. YOu can be sure in few days we will see news like "India government deny news about Bitcoin and will start suing the agency that post that".

We are waiting for the Lightning now. Price will go higher. Just wait for the whales

Piterg

member

Activity: 420

Merit: 15

Such a sharp drop is most likely due to the statement of Indian Finance Minister Arun Jetley on Budget 2018. He said that the government does not consider crypto currency as a legitimate means of payment. After that many mass media started writing about the imminent prohibition of bitcoin and other crypto currency in India.
But this is a complete nonsense, because India does not prohibit all the crypto currency.
Conclusions that can be drawn from the statement:
The authorities of India do not recognize bitcoin as a means of payment and will struggle with using crypto currency in illegal actions, as well as discouraging the public from using crypto currency as payment instruments.

Kivalar

newbie

Activity: 57

Merit: 0

OMG... After Asia India...I think that someday the European Union will adopt legislation regulating altcoins

trudovik

member

Activity: 546

Merit: 10

It seems to me that in India and before this statement it was not very good with crypto-currencies, because judging by the fact that we are told about India on TV, there in general everything is very bad and without crypt. I am not surprised

markalis

full member

Activity: 467

Merit: 100

whether because of this news the global market is falling and even surpassing the record of bitcoin correction late last January, but I believe bitcoin has its own way to increase its value again

trickyriky

sr. member

Activity: 882

Merit: 251

Unfortunately that was the news #1 of February, 1, 2018. It has affected the market, and all altcoins (Bitcoin, too) started to decrease. I believe that stabilization will come very soon, but investors are shocked. The best policy is to wait.

MISS_nSTASSY

full member

Activity: 392

Merit: 105

Vena.Network

Quote from: Iyanu14 on February 02, 2018, 02:46:44 AM

Quote from: MISS_nSTASSY on February 02, 2018, 02:41:36 AM

I dont understand these news. I should say more - I dont understand people who believe these news and especially people who make decisions to buy/sell depending on these news. Why are you like that??
Bitcoin was made to be DECENTRALIZED electronic cash system. Governments ban bitcoin(lets say) but they cant ban us - people who use bitcoin.
Bitcoin will work ANYWAY - no matter what
So I truly dont understand all these peole

A crypto noob can't think that way they are easily manipulated.

I think the problem is that they are not "crypto" noobs but "trading" noobs. Many people dont understand what is crypto about, they buy ripple for 3.6 waiting for 10-20-100$ in few months, thats crazy. What will they do if someone autoritative will say "ripple is scam"? They will see that the price is going down and say "ok, I'll sell". What if someone will say to someone "crypto"(even noob but - "crypto") that bitcoin is scam? They will answer - stfu, see you later broke buddy.
Thats the difference

Iyanu14

member

Activity: 795

Merit: 10

Quote from: MISS_nSTASSY on February 02, 2018, 02:41:36 AM

I dont understand these news. I should say more - I dont understand people who believe these news and especially people who make decisions to buy/sell depending on these news. Why are you like that??
Bitcoin was made to be DECENTRALIZED electronic cash system. Governments ban bitcoin(lets say) but they cant ban us - people who use bitcoin.
Bitcoin will work ANYWAY - no matter what
So I truly dont understand all these peole

A crypto noob can't think that way they are easily manipulated.

Iyanu14

member

Activity: 795

Merit: 10

Quote from: Mudit47 on February 01, 2018, 04:18:13 AM

Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.

So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.

Or if they donot sell then will it be safe to do transaction or use exchanges in india?

Or is there any alternate way to sell crypto without attracting Govt attention?

REF-:

https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

http://www.livemint.com/Politics/xmBDOdP2H2hbXH7eV1VTqL/Budget-2018-Crypto-currencies-illegal-will-eliminate-their.html

https://www.hindustantimes.com/india-news/union-budget-2018-bitcoin-other-cryptocurrencies-not-legal-govt-to-eliminate-their-use/story-MrpXhzzrc9HwNxItWuGw3L.html

http://www.india.com/news/india/union-budget-2018-19-bitcoin-crypto-currencies-illegal-government-to-eliminate-its-use-says-arun-jaitley-2873185/

A magazine or daily news can write anything up. This links aren't reliable do you have any video streaming to back this claim up don't believe what you see in the daily news 70% of those news are rumours.

Topic: "Bitcoin annonced as illegal in india" not TRUE - page 4. (Read 1976 times)