Topic: Bitcoin will be junk/trash after ban in 2 big countries - page 2. (Read 1452 times)

Look at the price now? Where are the Indians that can trash Bitcoin price? I told you India have little volume in crypto and it is not enough to even drop Bitcoin back to $5,000. Bar the Chinese because their rich people can easily evade their government rules.

Even if the circulation of cryptocurrency is prohibited in India and China, it will not significantly affect the cryptocurrency. She will continue to walk in other countries and will further develop. We know that these prohibitions are temporary. The countries of the G-20, the countries of the European Union do not reject cryptocurrency, and it will be regulated and walked on their territory. Perhaps, for a short time, these bans will affect the cryptocurrency price decline, but no more.

I agree India does not influence anything. India gets 2 Olympic gold medals in each world Olympics events till today. India shows bollywood trash to all the countries that's all.

Indeed Bitcoin does not have borders and cant be blocked, China as example that has tried it before.  They can make it though do.

I think that all these prohibitions are temporary. Sooner or later bitcoin will be accepted everywhere. But even if there are several countries that will ban it, it will not have a significant negative impact on bitcoin.

These countries have a very large population, but this does not mean that they have a great influence on bitcoin. Bitcoin will still be distributed. Therefore, the bans of these countries will not prevent it from developing.

Thats a bit sad if India is  going thru with this ban, because it will ban the common folks from using cryptos . I honestly believe that it could be beneficial for this particular country. But about China - I am not sure that ban is actually working, I often read that Chinese are in fact mining and using  BTC.

Satoshi Nakamoto -- I'm sure that in 20 years there will either be very large transaction volume or no volume

Satoshi knew bitcoin's end after 20 years if it does not make it ?

It will not become trash for sure. it's upon a users/person's point of view how you think bitcoin or any other cryptocurrency will affect the country. yes, its true that cryptocurrencies are banned in these two countries but look on the bright side bitcoin is accepted in many companies, countries and even big individuals are holding bitcoins. Soon India and China will be forced to accept this new technology or they have to face the losses associated with it. if you can not adjust with the world then you will face whats called changing time.

Wait a minute, where did you get this information? Even if bitcoin is banned in both countries, I'm still not sure that Bitcoin will reach a decline to that level. Banned is more about using bitcoin as a means of payment (usually the case is like that) so that ownership of bitcoin can still be allowed.

And also what kind of Bitcoin company is that ? i mean the purpose of that company run for ?

Yeah right.. definalty this will not effect the bitcoin price..it may effect on country's market..

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Yes it will never be banned in any country.. these are just rumors  and nothing at all..

People and government may resist it but they won't be able to hold it forever. Crypto is the future, even if you like it or not as it's going to shape the future technology of IOT, crypto is coming at you. And if any government try to ban crypto, they would be replaced with a crypto friendly government.

The first time I heard of that Amitabh Bachchan is from the movie Slumdog Millionaire lol I didn't know he was a big investor in Bitcoin.
Bitcoin has been banned to countries but eventually allowed it. I don't think a country will ever resist the future of currencies, if they bann today sooner they'd be into it. If they see facebook and google allows it, they'd come to their senses.

I am sure bitcoin  never banned in any country.. because bitcoin market is increasing day by day.  Now many people are intersted  in bitcoin.. they are not just intersted rather they are also investing in bitcoin..i dnt think so that it may happen.  Well lets  see what will happend..

I don’t think bitcoin will become trash because there are more countries supporting bitcoin and also despite being ban in those 2 countries bitcoin remained strong at $8600, this only means that the ban doesn’t have any effect on bitcoin’s value so it is very impossible for bitcoin to be a trash.

Can you give me some +merits for my thread. This merits system here is creating lots of problem.

Bitcoin have a lot experience with bad news and this is not first time. Bitcoin price now back above $8000 and its good sign not affected by this news. Bitcoin price at $8000 still cheap price compare highest price because this is 50% discount and many expert said bitcoin could reach $25k end this year

I totally agree with that. They are not our loss but it is their loss for banning the use of bitcoin. Do they really ban the usage of it or some aspects of it only? In actuality, there are still a lot of Indians or Chinese who are into bitcoin. The government can't fully implement their laws because the use of bitcoin and other crypto is not easily tracked down.