Banning crypto in India and China will not have much effect on the price of Bitcoin because I understand that India for instance has only a little number of crypto owners compared to Western countries. Even if they decide to dump their bitcoin, it won't have much effect in the long run.
Yes. Banning bitcoin with these two countries is not enough to make bitcoin dump again and experience a very low price. There are still big countries around the globe that have legalized bitcoin and has made it into a real currency. So India and China are not really a threat to bitcoin knowing that bitcoin can still perform its task without the involvement of these two countries. 
Topic: Bitcoin will be junk/trash after ban in 2 big countries - page 3. (Read 1452 times)
June 14 or July 14 is the day Indian government will decide the fate of Bitcoin ?? 
Currently june 14 and i wondering what decided India government will have whether bitcoin will temporary banned or banned forever which mean there is no chance to bitcoin entering this country again but indeed bitcoin users in this country will mass sold their bitcoin before the government announce new statement and very unfortunately in the middle of uptrend we see bitcoin banned by big country such as India
Awwwww very sad to hear it. But i think it could not happen.. because now a days it is the market of bitcoin..so i dnt think that bitcoin will ban in any country..
It's quite misleading, you never even attached a proof that would justify your statement.
AFAIK, bitcoin is not yet ban in China and India, I just know they are not pro crypto countries but even if they ban bitcoin, that would not make bitcoin worthless because majority of the world can still use bitcoin and don't expect that if they ban it, it would be permanent.
The country who adopt with bitcoin will benefit it as long as they have put a proper regulation on it.
Believe me, in the long run, all countries will embrace bitcoin and crypto.
AFAIK, bitcoin is not yet ban in China and India, I just know they are not pro crypto countries but even if they ban bitcoin, that would not make bitcoin worthless because majority of the world can still use bitcoin and don't expect that if they ban it, it would be permanent.
The country who adopt with bitcoin will benefit it as long as they have put a proper regulation on it.
Believe me, in the long run, all countries will embrace bitcoin and crypto.
Banning crypto in India and China will not have much effect on the price of Bitcoin because I understand that India for instance has only a little number of crypto owners compared to Western countries. Even if they decide to dump their bitcoin, it won't have much effect in the long run.
Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.
But who will buy 1 Bitcoin for $7000 ??
Insider's Information for Gold and Silver
Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.
if im rght bitcoin is not ban in that country in china they only stop ICO and exchange but they say you can still use bitcoin in china and in india its only a proposed bill not approved yet.But who will buy 1 Bitcoin for $7000 ??
Insider's Information for Gold and SilverBollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.
I hope the news is wrong, so it doesn't make people worry and panic. I think people could still use bitcoin and altcoin in that country because I think their government will not use their power to ban cryptocurrency. They will think about their citizens, and they will help their citizens to get a better life with cryptocurrency.
Not news to me anymore, ban btc all they want.
BTC has been declared "dead" more than hundreds of times already.
The value of BTC relies on the people putting value in it. In this case, the crypto community.
The only thing that can devaluate btc to 0 is when all the global crypto exchanges are closed and all those willing to pay fiat for btc closes.
Similar to closing the internet which is close to impossible at the moment
BTC has been declared "dead" more than hundreds of times already.
The value of BTC relies on the people putting value in it. In this case, the crypto community.
The only thing that can devaluate btc to 0 is when all the global crypto exchanges are closed and all those willing to pay fiat for btc closes.
Similar to closing the internet which is close to impossible at the moment
Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.
But who will buy 1 Bitcoin for $7000 ?? Insider's Information for Gold and Silver
Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.
if im rght bitcoin is not ban in that country in china they only stop ICO and exchange but they say you can still use bitcoin in china and in india its only a proposed bill not approved yet. But who will buy 1 Bitcoin for $7000 ??
Insider's Information for Gold and SilverBollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.
June 14 or July 14 is the day Indian government will decide the fate of Bitcoin ??
I wouldn't really say that it would be trash or junk after being ban in 2 big countries.
Have you seen the effect when the FUD hits the market due to the fake news about China banning Bitcoin but the truth was they only ban ICO.
But even if 2 Big Countries ban it don't you think that the whole world is already aware of Bitcoin surely the market would crash but it wouldn't end there the Bitcoin would surely survive and make it's way to get high again.
Well, right from the start, the value of bitcoin is regulated by users, big investors and traders, it's not regulated by government or any country, so banning bitcoin in two major countries, it is just a very normal news, it has only a little effect at the moment this information appears but then everything will return to normal. Bitcoin will not be garbage even if many countries prohibit it because users can still use it too easily, the value of bitcoin can still be pumped, the government does not exist in the world of bitcoin, prohibiting or not banning is still not important Have you seen the effect when the FUD hits the market due to the fake news about China banning Bitcoin but the truth was they only ban ICO.
But even if 2 Big Countries ban it don't you think that the whole world is already aware of Bitcoin surely the market would crash but it wouldn't end there the Bitcoin would surely survive and make it's way to get high again.
Yes, they have impact on bitcoin value but in short term !
I can see cryptocurrency still have long term operation because they have Factor X that become attractive value for them especially when digital era getting advance faster than expected !
I can see cryptocurrency still have long term operation because they have Factor X that become attractive value for them especially when digital era getting advance faster than expected !
So, cryptocurrency is banned in India, but do you think Indian people will stop using Bitcoin? No way! A lot of people took cryptocurrency as their income source. In India, millions of people are jobless, they do online earning things to lead their life! They are enough smart to use VPN and other secret deal. Though I am not suggesting these things, but I saw people, even some of my Bangladeshi friends do these things to use Bitcoin! For your kind information, most of the big miners live in China! China banned ICO, STO, and other investment materials, not cryptocurrency! So, your opinion is worthless here! Bitcoin is not dependent on these two countries!
A jail term is definitely going to discourage the vast majority from using Bitcoin. Using a VPN is OK. But when you convert your coins to fiat, there will always be some trail that can be traced back to you. Just remember that this is a country that tried to ban PayPal, and banned porn. Commonsense is a trait that is missing from the lawmakers of India.
To be honest they aren't the two major countries at all ,that's true that they do hold an influence , but we already saw how Bitcoins suffered from just minor loss and then recovered during the ban in China , same will happen here too.
Also it's going to be banned or not is not yet confirmed in India , the fact is , it may be banned but trust me People will find a way to engage in Bitcoin , it's a democratic country in oppose to China thus people can submit plea against this decision.
It's not something that will influence the price that much , trust me.
Also it's going to be banned or not is not yet confirmed in India , the fact is , it may be banned but trust me People will find a way to engage in Bitcoin , it's a democratic country in oppose to China thus people can submit plea against this decision.
It's not something that will influence the price that much , trust me.
Rumors like that have been around for a longer time, especially with China policies, but to this day, bitcoin is still there and even the price has increased slightly. India still has not yet confirmed the proposal whether they will ban bitcoin or not. But even though if India will ban bitcoin completely, I don't think bitcoin will be worthless!
It is all about the game and how you play it.
Even bitcoin banned in two countries it dosnt effect for bitcoin.bitcoin now can never be stop of any one.
I know that bitcoin now is popular in all countries using cryotocurrencies but still lets promote bitcoin,in all site like fb, youtube,twitter,yahoo and etc .where ever site we use.this is just to be known much well bitcoin.bitcoin has a big value that can be use in many countries.we know that bitcoin is very useful nowadays.
Promote this to those who not yet know bitcoin,advertising promoting online site can recognize people what bitcoin is.
If bitcoin known in everywhere I am sure all transaction will be made easily.
Having bitcoin also is a big investment.using bitcoin can make you rich someday when you know how to use this.
I know someday many countries will recognize the use of bitcoin in our lives.
Just wait for that time I know it will come soon.
I know that bitcoin now is popular in all countries using cryotocurrencies but still lets promote bitcoin,in all site like fb, youtube,twitter,yahoo and etc .where ever site we use.this is just to be known much well bitcoin.bitcoin has a big value that can be use in many countries.we know that bitcoin is very useful nowadays.
Promote this to those who not yet know bitcoin,advertising promoting online site can recognize people what bitcoin is.
If bitcoin known in everywhere I am sure all transaction will be made easily.
Having bitcoin also is a big investment.using bitcoin can make you rich someday when you know how to use this.
I know someday many countries will recognize the use of bitcoin in our lives.
Just wait for that time I know it will come soon.
in India maybe yes but in China only the ico were banned not the bitcoins and then i don't think that this will influence the bitcoin value in the rest of the world, maybe there will be a slight decrease but only for a short time...
Nothing bad will happen to Bitcoin even if more countries ban it. It seems that in Russia, all the activities connected with the cryptocurrencies can be also illegal soon, but it will not affect crypto in the whole world.
Definitely true, bitcoin will be bitcoin even other countries ban. There are more countries still believe in bitcoin. Only those countries banning bitcoin are the ones having problem with money laundering. Those countries seem have weak legislative laws about money laundering that is why they're targeting bitcoin. Other countries with strong laws about money laundering are continuing to recognize bitcoin.
No friend. I meant what the bitcoin company was which Amitabh Bachchan created not about the ban itself. 
Something about him owning a part of Ziddu.com which is a blockchain research company. :)While checking about the company found that cashcoin was part of another bollywood by the name of Shahbaz Khan over his involvement in a cryptocurrency scam.
source https://www.ccn.com/cryptocurrency-scam-cashcoin-india-bollywood
Something about him owning a part of Ziddu.com which is a blockchain research company. :)While checking about the company found that cashcoin was part of another bollywood by the name of Shahbaz Khan over his involvement in a cryptocurrency scam.source https://www.ccn.com/cryptocurrency-scam-cashcoin-india-bollywood
Bollywood superstar "Amitabh Bachchan" rides Bitcoin high, sees $250,000 investment surge to $17.5 million
https://www.indiatoday.in/technology/news/story
in India maybe yes but in China only the ico were banned not the bitcoins and then i don't think that this will influence the bitcoin value in the rest of the world, maybe there will be a slight decrease but only for a short time...
Nothing bad will happen to Bitcoin even if more countries ban it. It seems that in Russia, all the activities connected with the cryptocurrencies can be also illegal soon, but it will not affect crypto in the whole world.
Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.
But who will buy 1 Bitcoin for $7000 ?? Insider's Information for Gold and Silver
Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.
India has a reason for banning crypto payments but to be honest I can't understand the bad news from China. China made huge steps towards AI and its applied science but the Chinese government is against cryptocurrencies. But who will buy 1 Bitcoin for $7000 ??
Insider's Information for Gold and SilverBollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.
There's no ban! Either most of you can't read or you're trolling. Even all those articles that you're quoting are saying it and you keep repeating it in your own way ignoring the facts.
It's a proposal. There were proposals like this in the EU, the US, Japan and Korea. None of these proposals got approved in these countries. What makes you think that it will go through in India?
Proposal or not. It is getting headlines and the attention they wanted so to use as a scare tatic. Whether it be under a political agenda which is probably the case since the winning party were already elected.Quote
Anybody in India dealing in cryptocurrencies will be sent to jail for 10 years, says a proposal in the draft of Banning of Cryptocurrency and Regulation of Official Digital Currency Bill
It's a proposal. There were proposals like this in the EU, the US, Japan and Korea. None of these proposals got approved in these countries. What makes you think that it will go through in India?
I have some friends from there who I chat too on a regular basis and they are scared that bitcoin will soon be banned due to this proposal.
So in a way it is doing it job by instating fear and anxiety for those who buy and sell cryptocurrency in these place in india where the bill is could be passed. Cause 10 years jail time is and not being able to post bail is a serious matter and nothing to joke about.
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