Topic: Bitcoin will be junk/trash after ban in 2 big countries - page 6. (Read 1458 times)
I don't think that will happen and I don't need to panic too much, all countries will not think the same to ban bitcoin, so bitcoin will still be valuable.
I don’t think bitcoin was completely banned in China and India, as far as I know, correct me if i’m wrong, in China they banned cryptocurrency exchanges and trading platforms, in India at first they really don’t want to accept bitcoin as a legal tender and they have been doing everything to eliminate bitcoin but this year someone actually filed a petition for the legality of cryptocurrency in India. Therefore, I conclude that though these countries have decided to not support bitcoin but they are only two and there’s still a lot of countries who have been supporting bitcoin so that means it is unlikely for bitcoin to be junk/trash even though China & India banned them. Who knows in the future they will change their minds and accept bitcoin.
Yes, in China you can only hodl bitcoins and in India there is a government project to completely ban bitcoin, not being possible to even hodl some coins, however it will be discussed yet. I just think prohibitions are not enough to kill bitcoin because even if it's banned, people will still use the currency.It's like gambling in countries where it's forbidden: the activity isn't erradicate, people still gamble and the industry keeps moving millions.
I don’t think bitcoin was completely banned in China and India, as far as I know, correct me if i’m wrong, in China they banned cryptocurrency exchanges and trading platforms, in India at first they really don’t want to accept bitcoin as a legal tender and they have been doing everything to eliminate bitcoin but this year someone actually filed a petition for the legality of cryptocurrency in India. Therefore, I conclude that though these countries have decided to not support bitcoin but they are only two and there’s still a lot of countries who have been supporting bitcoin so that means it is unlikely for bitcoin to be junk/trash even though China & India banned them. Who knows in the future they will change their minds and accept bitcoin.
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.
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.
Being an Indian, I would say that an impact of any future ban on cryptocurrency in India will be negligible. Although India has a large number of Bitcoin users, the amount of coins held by them is not more than 5% of the total supply (a very optimistic estimate). Most of the Indian users are freelancers, who collect coins for their beer money. And regarding China, I don't think that the government there is retarded enough to ban crypto.
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...
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.
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.
bitcoin came from the idea of peer to peer file sharing like napster just with simple twist
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Napster (Napster was Fanning's nickname in high school, because of his hair) is a different way to distribute MP3 files. Instead of storing the songs on a central computer, the songs live on users' machines. This is called peer-to-peer sharing, or P2P.
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now what i know peer to peer file sharing websites is BAN ALL OVER THE WORLD** still they grow by insanse number all 0v3r the world do you get it
peer to peer file sharing is ban from all countries and you know the growth of peer to peer file sharing in the world??? did you read before you post shit
without to much explantion peer to peer money
mic drop
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.
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.
lets start
be ready to drop your mic
bitcoin came from the idea of peer to peer file sharing like napster just with simple twist
---------------------------------------------------------------------------------------------------------------------------------==
Napster (Napster was Fanning's nickname in high school, because of his hair) is a different way to distribute MP3 files. Instead of storing the songs on a central computer, the songs live on users' machines. This is called peer-to-peer sharing, or P2P.
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now what i know peer to peer file sharing websites is BAN ALL OVER THE WORLD** still they grow by insanse number all 0v3r the world do you get it
peer to peer file sharing is ban from all countries and you know the growth of peer to peer file sharing in the world??? did you read before you post shit
without to much explantion peer to peer money
mic drop
edit the post
Bitcoin has never been banned in either India or China. In India, only recently introduced a bill banning the use of cryptocurrency and even criminalize its use. I do not think that this bill will ever become law.
As for China, there have been various restrictions on the use of cryptocurrency since 2017, however, it still runs quite well in the country and I hope that it will continue to go on.
As for China, there have been various restrictions on the use of cryptocurrency since 2017, however, it still runs quite well in the country and I hope that it will continue to go on.
Cryptocurrency will exist without China and India. Moreover, if earlier Bitcoin reacted very strongly at its price to such bad news about the prohibition or restriction of circulation of cryptocurrency in China, then recently it is almost indifferent to such news. As for India, it has never had a significant impact on the cryptocurrency. So even if it is banned in these countries, it is possible that for some time the price of cryptocurrency will go down, but then it will recover again. Many, I think, will understand that in the period of mass adoption of cryptocurrency by the majority of states, such restrictions or prohibitions will be temporary.
Bitcoin have more experience than India ban. Bitcoin traded by people around the world and i think India policy will not give big effect on the price because India not hold big transaction on daily bitcoin transaction.
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.
No problem here, What happen on that both country bitcoin holder don't care and still hold what our have on wallet. My assume they goverment have late buying at cheap price. 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.
Regarding India, crypto is not illegal, actually the finance minister has said the cryptocurrencies are not legal tender that means u cant use them as currencies and therefore the RESERVE BANK has also put a blanket ban on banking services for firms dealing with crypto currencies but you can still own them as store of value.
Cryptocurrency will exist without China and India. Moreover, if earlier Bitcoin reacted very strongly at its price to such bad news about the prohibition or restriction of circulation of cryptocurrency in China, then recently it is almost indifferent to such news. As for India, it has never had a significant impact on the cryptocurrency. So even if it is banned in these countries, it is possible that for some time the price of cryptocurrency will go down, but then it will recover again. Many, I think, will understand that in the period of mass adoption of cryptocurrency by the majority of states, such restrictions or prohibitions will be temporary.
Can't ban the internet so you cannot ban crypto. Firs t the internet would need to be taken down. Will the ban all cellphones and computers and everything with the ability to be online?
No you can't. They just like to spread FUD. Making bold statements that are not true so they can get people to visit the thread.
Same as they always do.
@Leh-Meh, i have just one question for you: Can you Ban a technology?, remember that; "technology is technology" and cannot be Ban by any country not even the USA can. India and China are not going to execute(pass) that bill into law becasue, they will see it from this perspective of Bitcoin being a Technology, and Technology cannot be BAN, let this sink into you.
No you can't. They just like to spread FUD. Making bold statements that are not true so they can get people to visit the thread.
Bitcoin is still very valued in both countries and it's never banned in both nations. Where did you read this false information from? Always post link to such misleading post.
Same as they always do.
Bitcoin is still very valued in both countries and it's never banned in both nations. Where did you read this false information from? Always post link to such misleading post.
@Leh-Meh, i have just one question for you: Can you Ban a technology?, remember that; "technology is technology" and cannot be Ban by any country not even the USA can. India and China are not going to execute(pass) that bill into law becasue, they will see it from this perspective of Bitcoin being a Technology, and Technology cannot be BAN, let this sink into you.
Ban something the U.S. is beginning to regulate and embrace... 
Russia seems to like Crypto. Korea is down with bitcoin. Basically all 3rd world countries are starting to buy into it.
IDK. The world is a very big place. 2 big countries = Shit. F*k em'
Russia seems to like Crypto. Korea is down with bitcoin. Basically all 3rd world countries are starting to buy into it.
IDK. The world is a very big place. 2 big countries = Shit. F*k em'
India is have 330 000+ millionaires today, and that number can reach up to 1 million of millionaires by 2027. Start reading with understanding and stop writing nonsense.
Situation is very bad in India. Billionaire Anil Ambani's 6 big companies are near closure.
YES Bank share price fell -30% in one day/. If I remember correctly YES Bank was at Rs 40,000 crores (that's BIG in India)
Bitcoin is bigger that any "country" and no one can "ban" you from using bitcoin where there is a will there is a way.
I actually think that them banning it will push more people to adopt it.
They again recently people in china were shown a picture of tank man.. none of them knew who he was or knew it even happened..
Suppose that's china for you.
I actually think that them banning it will push more people to adopt it.
They again recently people in china were shown a picture of tank man.. none of them knew who he was or knew it even happened..
Suppose that's china for you.
10-year jail for buying, selling cryptocurrency in India: Report Selling, buying and/or mining cryptocurrencies will be considered a non-bailable offence, according to the new bill.
How would it be to get back to the beginning of this thread and start to read what some members write in in their comments? It's just about a proposal, there is no law in India which is in effect.
1 bitcoin $3000 or $7000, who will buy Bitcoins in India and China ?? 
$3000 = INR 210,000. Only "Amitabh Bachchan" will buy Bitcoins in India.
$3000 = INR 210,000. Only "Amitabh Bachchan" will buy Bitcoins in India.China is on second place in the world by number of millionaires, they can buy all bitcoin in the world if they want. Your assumption that someone has to buy one whole BTC is one big misconception, you can buy just few $ of coin.
India is have 330 000+ millionaires today, and that number can reach up to 1 million of millionaires by 2027. Start reading with understanding and stop writing nonsense.
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.
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 think it's not India. However, the USA, because the two countries that have the largest funding to dominate the crypto market is the USA and China.
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