India is a big country in Asia; I think India can push Bitcoin prices into the moon. Although India prohibits Bitcoin, I know that many whales live in the Indian and have a lot of money.
Topic: Could India push bitcoin to the MOON ? - page 3. (Read 590 times)
Now India is against Bitcoin. But I think if they change their minds and they announce that India is legally accepting Bitcoin, Bitcoin prices will go to the moon. Maybe It is very difficult for the Indian government to accept bitcoin in a short time
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 is a huge country, if there is a growth in demand for bitcoin in there the price could go up. But bitcoin is not reliant on countries like India, people can buy bitcoin from anywhere
I don't think so India can push bitcoin price to the moon if RBI reverse ban on bitcoin then this decision is good for investors because market and peoples start adoption of bitcoins. Indian market is big and easily this cryptocurrency survive here because many peoples are curious for invest in bitcoin and many thing need to do for push bitcoin on to the moon.
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 don't think that India can move the price to the moon.
In this situation may possible China or Russia can push price soon.
I think yes, because if more countries are legalizing bitcoin or crypto
and that positive news will surely greatly affect the price of bitcoin or crypto, and India is a big country with a sizable crypto or bitcoin user
and that positive news will surely greatly affect the price of bitcoin or crypto, and India is a big country with a sizable crypto or bitcoin user
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 ?
If India removes the ban and considers Bitcoin as a commodity it will bring a good impact to the market, but I think the impact is not enough to push Bitcoin prices to the moonIndia will not be able to increase the price of bitcoin. Only the US can to increase the price of bitcoin
Any country can increase the price of Bitcoin if they are friendly, adopt and support Bitcoin
i think india can push to btc price moon.but its really difficult bcz current market is bearish .india can pus price up by giving some good news about 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 ?
This is the bank that removed the largest rupee notes overnight in 2016
https://www.bbc.com/news/business-37906742
Since people in India don't trust banks, they'll just keep buying bitcoin discretely while the Rupee loses more value.
Indians have tons of methods that don't require banks, when more options become available we'll update this:
https://www.cryptogamblingsites.com/country-guides/india-crypto-currency/
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 think so. If lots of them will support crypto currency of course they can push bitcoin to the moon. We all know India is a large country. And we will also be happy if that happens.
To the "MOON" is very very far away from us now but Im sure that it can help to pull up the market price a little but I am not expecting a big pump like last year, This year many people spread FUD and fake news about crypto currency but still no one can say what will happen.
I think yes. If it happens then it is good news for bitcoin. We know India is a large country and has many investors. Certainly if the ban is abolished, the price of bitcoin can rise rapidly and may reach the moon.
I don't think that's possible because India doesn't have a large share of the cryptocurrency market.
If it's good news for China, Korea, the United States, then I think it could have a bigger impact on the cryptocurrency market.
If it's good news for China, Korea, the United States, then I think it could have a bigger impact on the cryptocurrency market.
How can Indian push bitcoin price to the moon, their country was banned bitcoin transaction and all website talking about bitcoin was bannend in their country. We have forget about Indian country and looking for which one potential country will allow for bitcoin transaction in their country for growing of bitcoin price. we can try at country have more highest technology and have much money for their people to invest money on bitcoin.
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.
Indians are very tech savvy and I think if India has a more positive stance over Bitcoin and digital currencies in general, it could be a nice piece of good news to keep Bitcoin pumping for sure. I am not sure about the moon yet but if we have the EFT catalyst we are waiting for end up in a positive light, then we should see a steady trajectory Northwards and if we break out of the 12k USD resistance line for Bitcoin, moon might be imminant with the help of our Indian Friends.
I don't think India can take bitcoin price to the moon all along. but India too counts as any other country for the bitcoin price. China is a more valuable factor than India for the price of bitcoin.
bitcoin pricing is impacted and depends on many factors. It would be great if India changes its policy accepting bitcoin. That would be great news. But bitcoin go to moon to much more than that.
Difficult to push bitcoin to moon because there are things to consider before it will touch the moon. Touching the moon is not a magical event but reality that sometimes went to unnecessary results.
no because of two main reasons:
1. they are buying bitcoin off the market using P2P trading most of the time, even when their exchanges were open.
2. their exchanges are mostly cut off from the rest of the world. so any change in their price wouldn't affect the global market. for example you can look at price of bitcoin in India last year which was mostly a lot higher than USD markets even during the hardship between $1000 and $2000 where price couldn't go up, price in India was high.
of course the influence is there but not that much like "to the moon" or anything like that.
1. they are buying bitcoin off the market using P2P trading most of the time, even when their exchanges were open.
2. their exchanges are mostly cut off from the rest of the world. so any change in their price wouldn't affect the global market. for example you can look at price of bitcoin in India last year which was mostly a lot higher than USD markets even during the hardship between $1000 and $2000 where price couldn't go up, price in India was high.
of course the influence is there but not that much like "to the moon" or anything like that.
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