Bitcoin will be junk/trash after ban in 2 big countries - page 8.

Ryan Dugan

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I have seen so mony of your threads. You just like to cause FUD or you don't know what you saying. Perhaps a bit of both. Bitcoin won't be banned anywhere. How are they going to do that?
Lots of things are banned in China including accessing google, yet it's still done.

*face*palm*

It doesn't matter where you are bitcoins value is global not per country so how can it have no value in India? I know what you were trying to say but that still doesn't render bitcoin valueless. If someone in India wanted to cut your hair for 1 btc and you paid them are you telling me that has no value to them?

Quote from: bitcoindusts on June 09, 2019, 01:10:10 PM

Quote from: Leh-Meh on June 09, 2019, 02:29:30 AM

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 ?? Grin

Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Well, sad but that’s life. Nevertheless bitcoin will still live. Maybe affected in value shortly after the declaration but I don’t think the word “junk” fits to describe its possible effect. These are just 2 countries but if we think of countries in the world that have not yet adopted bitcoin and are still going to adopt, there’s still a big hope for it. It is designed to be like that, some closes their doors and some opens so life goes on.

OP is a fudster/clickbaiter appealing to people emotions because they know what will shake the beehive.

princesspoppy

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Quote from: Leh-Meh on June 09, 2019, 02:29:30 AM

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 ?? Grin

Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

I feel sorry for these two countries. They are stopping themselves to be part and to have access to these innovative technology. But still, bitcoin won't be crashed and stopped by these to two countries from taking and leading the world someday (well obviously, to them it is). It may influence other people though, but still there are lot of users and investors who'll keep investing and believing in bitcoin.

bitcoindusts

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Quote from: Leh-Meh on June 09, 2019, 02:29:30 AM

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 ?? Grin

Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Well, sad but that’s life. Nevertheless bitcoin will still live. Maybe affected in value shortly after the declaration but I don’t think the word “junk” fits to describe its possible effect. These are just 2 countries but if we think of countries in the world that have not yet adopted bitcoin and are still going to adopt, there’s still a big hope for it. It is designed to be like that, some closes their doors and some opens so life goes on.

hulla

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Quote from: Leh-Meh on June 09, 2019, 02:29:30 AM

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 ?? Grin

Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

This is false news for the two countries don't totally ban Bitcoin. However, in China there are rules implies in crypto trading while some States(New Delhi) in India slightly ban Bitcoin when some didn't and it will June 13th before we know the actual plan of the India government.

Leh-Meh

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Quote from: rdbase on June 09, 2019, 10:25:18 AM

Didnt know this well known bollywood star there started a bitcoin company. Embarrassed

Have to check and see what it is was all about before the ban happened and what will happen to his companies customers will have to do now. Undecided

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.

https://www.moneycontrol.com/news

Marcus yoyo

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The number of countries in the world is very large. I'm sure Bitcoin will still exist if it's only banned in these two countries. Indeed these two countries are two countries that also play a role in the Asian economy but I think bitcoin can still survive without these two countries. Countries in continental Europe and America in particular are still very much using the benefits of bitcoin to conduct transactions that cannot be used with fiat currencies. I'm sure Bitcoin can still maintain its existence.

Gainers.io

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I dont believe so. Bitcoin is still a global asset and bans for a country or so wont effect it much.

rdbase

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Didnt know this well known bollywood star there started a bitcoin company. Embarrassed

Have to check and see what it is was all about before the ban happened and what will happen to his companies customers will have to do now. Undecided

hatshepsut93

legendary

Activity: 3024

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India's Bitcoin volume is a drop in the ocean compared to the US, Japan and Europe, so Bitcoin's price will be unaffected in the long run. It's bad that hundreds of millions of people will lose access to easy Bitcoin trading and other services, but almost all of those people didn't use Bitcoin to begin with, so we are mostly losing potential users rather than real users. And data shows that most of the Bitcoin volume comes from rich countries, so unless western countries start banning Bitcoin, it won't really take any major hit.

candra raditya

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You are too fast in estimating something uncertain, and I think even though bitcoin is banned in the two countries that you mention, but bitcoin will not be that easy to leave behind and bitcoin will not become trash.

Apes

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although both countries prohibit the use of cryptocurrencies, market capitalization will not be affected. because it believes the bitcoin market is very broad. the bitcoin market will always grow. the worst possibility the market will fall but the value is not significant.
the possibility users from countries that prohibit cryptocurrencies will find a way to continue using cryptocurrency even if they breaking law.

ice18

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This will not effect bitcoin with only 2 countries banned and believe me even btc is already banned in China still many users in this country are utilizing bitcoin and they cannot control it very easily in the future this two countries will surely unban bitcoin and cryptos because the future of money is cryptocurrency.

ethereumhunter

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I don't think bitcoin will be junk/trash even if 2 big countries try to banning bitcoin. There will be more countries that will realize the function and the benefits of bitcoin and the altcoin, and I think they will support cryptocurrency if people can get the benefits from cryptocurrency, why they need to stay away from the cryptocurrency although their government tries to ban the cryptocurrency. I think they will try the other way to use cryptocurrency still because cryptocurrency can give a new option to them to make money.

klaaas

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Quote from: phamminhtan on June 09, 2019, 06:31:14 AM

To be honest, it is impossible to prohibit Bitcoin, because users will find ways to access this currency, simply that Bitcoin has no borders and cannot be banned.

Indeed, if the efforts needed outweighs the chance to get convicted people will use it. It will kill the legal businesses for now.

sngwinner

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I do not think btc will be trash as you are making it seem even if it is banned in these two countries. It may be affected though but it will recover as it always does. I believe people and countries are gradually appreciating btc and so there will always be something to counter the effect from any ban

pushups44

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Quote from: Leh-Meh on June 09, 2019, 02:29:30 AM

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 ?? Grin

Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Bitcoin cannot be censored since it is decentralized and transactions are pseudonymous. Also, India has not banned cryptocurrencies, though a proposed bill aims to do that, and China also has not banned bitcoin ownership.

Naginiya

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I don't know about China.But not India,India never will ban bitcoin.One reason there are lot of IT,BPO companies in India.So why they ? And also news source says "A response from the Reserve Bank of India to blockchain lawyer Varun Sethi denies any knowledge of such a draft bill, and says it received no communication from the central government regarding it. It further states it hasn’t endorsed such a ban" So the answer is no for India.

Bessta

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I think bitcoin getting banned in these 2 big countries is not going to be indicative of the future of bitcoin. And I am sure that the holders of bitcoin there will not let their efforts go to waste. I don't think any crash is going to be related to these bans and if bitcoin crashes it will still surely recover.

Fred3030

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Quote from: Leh-Meh on June 09, 2019, 02:29:30 AM

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 ?? Grin

Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

For the record, what's going round in india is just a draft which the Reserve bank of India has denied any knowledge from. Take a look at this article https://www.coindesk.com/reserve-bank-of-india-denies-involvement-in-draft-bill-to-ban-cryptocurrencies?utm_source=twitter&utm_medium=coindesk&utm_term&utm_content&utm_campaign=Organic%20&
Even if India should ban crypto currency , bitcoin will remain and every grow stronger. With the massive adoption hitting the crypto world recently, the ban by one country is not enough to say bitcoin will die anytime soon.

Nadziratel

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Quote from: Leh-Meh on June 09, 2019, 02:29:30 AM

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries.

I think you are misjudging the issue here. You should stop thinking BTC prices when you talking about bans.

If you were Indian, you should easily travel out of the country and sell your Bitcoin outside the India. Don't hesitate Bitcoin's future because of this ban issues.

Topic: Bitcoin will be junk/trash after ban in 2 big countries - page 8. (Read 1458 times)