With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?
India might be seen as a poor country to many but in reality,it has huge number of rich people.Already more rich people have invested in bitcoin from India and more just stood a step back due to RBI asking banks not to allow companies linked to bitcoin.I f this policy gets revised,then for sure bitcoin price would go to moon despite any market obstacles. 
Topic: Could India push bitcoin to the MOON ? (Read 579 times)
Cryptocurrency is being traded by so many countries across the globe so let no government raise shoulder and think their local decision in their country will have strong impact in cryptocurrency market. Cryptocurrecny is too strong for only India to influence.
India has a very alive population although a majority of it is under the poverty line.
absolutely not
With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?
India alone is not enough to be able to push the price of bitcoin to rise. Need support globally to be able to increase the price of bitcoin so it is not only influenced by some good news about bitcoin in various countries.
Actually it can't make Bitcoin go up to the moon, because yesterday the price of Bitcoin is normal and there is no significant price increase.
If Bitcoin wants to go up in price it might need news or strong info like, the whole world accepts payments with Bitcoin etc.
But the rest is good too because India is opening up to Cryptocurency.
I think India can't make bitcoin to go to the moon because India is small country and maybe they don't habe many bitcoin investors to invest into bitcoin. I think there are so many factors that affect bitcoin price. So maybe it will not change with a simple country like India.If Bitcoin wants to go up in price it might need news or strong info like, the whole world accepts payments with Bitcoin etc.
But the rest is good too because India is opening up to Cryptocurency.
Strange. When did India considered a small country?
India has a lot of potential investors: but how much do they know about bitcoin and crypts? In my opinion, as a nation, it would have enormous potential to push up the value of bitcoins.
Base on the fact that India has a big market for tech experts, I'm assuming that there are a lot of potential investors. However, I think that its not that enough to push the value of bitcoin.
In my own opinion i think the US is one of the few countries that can push bitcoin to the “moon”. India cannot influence bitcoin as much as either USA or Russia because these countries are well developed and organized. So whichever market they go into, they thrive.
Good point. US is still the leader and its influence has no boundaries be it in political or economic levels globally.
In my own opinion i think the US is one of the few countries that can push bitcoin to the “moon”. India cannot influence bitcoin as much as either USA or Russia because these countries are well developed and organized. So whichever market they go into, they thrive.
India has a lot of potential investors: but how much do they know about bitcoin and crypts? In my opinion, as a nation, it would have enormous potential to push up the value of bitcoins.
Actually it can't make Bitcoin go up to the moon, because yesterday the price of Bitcoin is normal and there is no significant price increase.
If Bitcoin wants to go up in price it might need news or strong info like, the whole world accepts payments with Bitcoin etc.
But the rest is good too because India is opening up to Cryptocurency.
I think India can't make bitcoin to go to the moon because India is small country and maybe they don't habe many bitcoin investors to invest into bitcoin. I think there are so many factors that affect bitcoin price. So maybe it will not change with a simple country like India. If Bitcoin wants to go up in price it might need news or strong info like, the whole world accepts payments with Bitcoin etc.
But the rest is good too because India is opening up to Cryptocurency.
I think hardly, this is one of the poorest countries, impossible
Actually it can't make Bitcoin go up to the moon, because yesterday the price of Bitcoin is normal and there is no significant price increase.
If Bitcoin wants to go up in price it might need news or strong info like, the whole world accepts payments with Bitcoin etc.
But the rest is good too because India is opening up to Cryptocurency.
If Bitcoin wants to go up in price it might need news or strong info like, the whole world accepts payments with Bitcoin etc.
But the rest is good too because India is opening up to Cryptocurency.
Pretty sure one country alone won't move the needle. However, the reversal of the negative news can raise the price up a bit
That one country has population that is more than 10 countries combined : )
Between, the supreme court case for the RBI crypto ban hearing is today ... So we will get a decision by today
With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?
definitely yes because the price would have taking a new shape, though the price didn't moon but there will be some certain changes in the which will stand more to be better than it was.
What do you mean by the moon? A new all time high? No. Every good news can cause the price to rise. A news can cause a sudden price rise after its release. But soon the price can be corrected or become stable.
With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?
Every positive news will strengthening bitcoin and the crypto community. I believe India is a big market in the making and it can boost the community and the pricing.
I doubt a single country can affect the price of bitcoin so much that it would moon; not even china can do it. It might push the price in their local exchange but that's just about it.
The reverse ban alone won't push Bitcoin to the moon. There's not enough volume on India to possibly push it to the moon. It could encourage more investors in the future and possibly help Bitcoin reach the moon.
https://coin.dance/volume/localbitcoins/INR
https://coin.dance/volume/localbitcoins/INR
Only the US can to increase the price of bitcoin
Any country could move the price of Bitcoin.You've just said that India can't push the price now you say any country can push it up?
I doubt that more than 5 countries can really push the price up at the stage if we consider a push something more than a 10% increase.
The problem is the average person on the street in India is very poor and they constitute almost 80% of the population. So the amount of money they will have to spend on bitcoins, might be relatively low, compared with other Western countries.
Yes, the numbers are large, with India having 1,324 billion people in 2016, but if they only have $1 worth of fiat to buy bitcoins, then that would hardly have a impact on the price.
This is good news or favorable development for Bitcoin from India, It can really contribute for possible market movement, if the investors in India consider the need of crypto currency digital transaction as one commodity for the market, yes, it will definitely have the same impact to other country to consider. good luck to Bitcoin investors and supporter.Yes, the numbers are large, with India having 1,324 billion people in 2016, but if they only have $1 worth of fiat to buy bitcoins, then that would hardly have a impact on the price.
What the hell is good news?
Tha 80% of the population in India can't afford to invest 1$ in BTC
but there are billions of them and majority of them are already online! it is actually funny how many of them have a computer and access to the internet even with all their poverty.
and cyrptocurrency is not banned in India, stop spreading nonsense when you don't have enough information.
and cyrptocurrency is not banned in India, stop spreading nonsense when you don't have enough information.
Not really billions and nop, the majority are not able to browse the internet.
By 2018 it is projected that half of the population is going to have access. (this includes access from schools and universities)
I think it's a difficult for Indians push bitcoin to their moon, because lot of people are belong to below of poverty line.one thing more crypto currency is still banned in India.
but there are billions of them and majority of them are already online! it is actually funny how many of them have a computer and access to the internet even with all their poverty.
and cyrptocurrency is not banned in India, stop spreading nonsense when you don't have enough information.
India is not very supportive of the development of BTC, and their government is cracking down on the development of BTC. Just like China, it is Japan and South Korea that can push up the price of BTC.
With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?
Nah, I don't think so man. The price might increase a few hundred dollars but it will not lead it to the moon. This is because when there were rumors in the market that India has banned BTC the price went down. It did went down but not more than a few hundred dollars which is why we can expect the same or double growth at the max. For me going to moon means the price should increase at least by $2k-$3k which is not possible when it comes to India. Jump to: