Topic: Could India push bitcoin to the MOON ? - page 2. (Read 590 times)
I don't know, but if in India there are much traffic about bitcoin and there are many good ICO project in India i think it can bet the aspect that makes bitcoin is rising up, and makes the bitcoin as commodity, not in India only but in all country in the world
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 ?
Nope, indian market volume is not high and that will not affect bitcoin market.
But this is a good point, developing country such as india is already look at bitcoin potential and hope other country is following the india move
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 ?
Indeed, India is a country that has a huge bearing on the overall financial stability of the world as it has a large quantity of investors and potential that corporations and other governments are cying for. But I still think that it is still a resounding no, in terms of it pushing bitcoin back to its luster where it has made records and shattered previous price for its currency as there would still need to be an alignment between other countries for this to push through
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.
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 ?
Not with the current number of investors. But there is still huge number of people that can join in future and make a difference.
I don't think that India can push bitcoin to the moon, it would definitely play crucial role, but not as much as some people are thinking. The main player behind bitcoin is the Chinese, they are controlling it.
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 ?
I'm not sure that I have understood correctly but if you were saying that India is about to cancel that ban that they put on cryptocurrency, it is the most awesome news that I have heard on this week!
I believe so it can make a difference. The lifting of the ban can create new demands which will help push the ratio between supply and demand to a new level. The result will surely be positive as many will be investing in bitcoin. We'll wait and see.
India being one among the largest market for Cryptocurrency has made big changes to its growth over the past. With the recent banning statement it too caused the downfall of bitcoin. Now the government authority coming up with the decision to consider it under commodities is a good move for the cryptocurrency users. At least a small impact can be observed over the growth based on the news from India.
Even it doesn't push BTC to the moon, that will be a good sign about the future of crypto for sure. We need more and more positive news about the crypto like this now.
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 ?
It cannot move to moon but you can expect some price upward movement as now the users can buy freely and other business also can start accepting bitcoin as payments options
Although India prohibits Bitcoin, I know that many whales live in the Indian and have a lot of money.
How do you even know that? LOL. I'm pretty sure if a certain person is a bitcoin whale, it's very likely that he/she doesn't want people(and especially the government) to know that he/she actually holds a big amount of BTC. Letting other people know is pretty much like asking to get kidnapped.
This completely depends on the goverment of India. There is too much negativity in the minds of Investores based in India and no new investor would like to invest untill the goverment of India takes a concreate decision about Cryptocurrency. Untill then you can expect nothing good coming from India.
I don't think so. Even India banned cryptocurrency, I think their citizen still invest in bitcoin or altcoin. So it's not a big deal if they legalize it.
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.
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.
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 ?
When you ask if it will make bitcoin go to moon you mean to make bitcoin have increases of more than 25%? Because if that's the case I do not think it's possible that india make the price of bitcoin go to the moon, I say this because I do not see many people from India buying bitcoin with a debit card or credit card. the price of bitcoin will increase if it has a lot of demand, but the demand must come from people who buy bitcoin using their debit cards or credit cards. So we need to have many exchanges that allow your users to buy btc using their bank accounts.
India is one of the biggest countries in the world with the largest population and many of them are so into these type of online money. and in the past they have shown a lot of interest in bitcoin. i am sure if the way was paved for them they would adopt bitcoin with open arms and that adoption can increase the demand for bitcoin to the moon and take the price up with it.
But the question is: How many people in India buy bitcoin using their credit cards or using their debit cards?
India is one of the biggest countries in the world with the largest population and many of them are so into these type of online money. and in the past they have shown a lot of interest in bitcoin. i am sure if the way was paved for them they would adopt bitcoin with open arms and that adoption can increase the demand for bitcoin to the moon and take the price up with it.
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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 ?
Ehh no, in my opinion at least. It would definitely need to take a lot more than that for the price to "moon" in my opinion. There's probably better chances for price increases for the CBOE Bitcoin ETF. Though it might not push up the price, the reverse ban definitely helps a lot in terms of adoption, so it's definitely a win whether or not the price gets affected by this or not.
I agree with this, taking Bitcoin to the moon takes more than India, I think they can push the price higher and we could see some decent little pumps but India will not get it to the moon, on the other hand a country like China can, 75% of the volume in late 2017 came from China before the ban on cryptocurrencies and the nonsense with exchanges, I think China will lift its ban soon and with the combination of approval of ETF by SEC it will be all green candles upon us.
Pretty sure one country alone won't move the needle. However, the reversal of the negative news can raise the price up a bit
If am not wrong, the Supreme court of India will be giving its decision on the carpet ban from the Reserve Bank of India. Its a pointless ban done by RBI and I feel it should be lifted with immediate effect and they should think about some regulations.
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