It has been almost a month since the Supreme Court made the judgement regarding the legality of cryptocurrencies. But here I am yet to witness any change in the ground situation. People are still afraid to use cryptocurrencies for payments, or invest in them. It may be legal now, but a lot many of the users are still confused about the tax implications and other complexities.
The sentiment in the market does not show the confidence we expect and presence world economic sphere has displaced every price projection. Even with revoke of ban, market sentiment will help better adoption. it is a better time for ban removal and fund from that side could give the idea of the height of the bull market. We are getting better position in the market, we need the virus to be controlled, price pick up to cover the 200 week and halving in May. 
Topic: Do you think, India lifting the ban on cryptocurrencies will impact BTC Price? (Read 854 times)
March 21, 2020, 11:49:20 AM
March 21, 2020, 09:52:45 AM
India is a big country that is made up of great intellects and talented individuals and I believe lifting the ban on cryptocurrency will be a good one that will have a positive impact not online on bitcoin but the blockchain technology. A lot of Indians are technology gurus and allowing crypto to be used easily in India might help build a community of individual that have great idea that can propel the advancement of the technology
March 20, 2020, 01:34:33 PM
It has been almost a month since the Supreme Court made the judgement regarding the legality of cryptocurrencies. But here I am yet to witness any change in the ground situation. People are still afraid to use cryptocurrencies for payments, or invest in them. It may be legal now, but a lot many of the users are still confused about the tax implications and other complexities.
March 20, 2020, 12:05:28 AM
The cancellation of the Reserve Bank of India restriction regarding servicing cryptocurrency banking operations does not solve any problems there. Cryptocurrency in India is still not legalized and, in general, the attitude towards it is rather contradictory there. This country needs legislative certainty. Only the decision to legalize cryptocurrency can change the situation and positively affect the price of the cryptocurrency market.
March 19, 2020, 01:45:20 PM
Definitely it should affect the price positively but not with immediate effect. This will need to build system to purchasing cryptocurrency, keep it/store safely, build project around it that can proffer solutions to immediate problems in the country. They need to build trust and educate big population on relevant cryptocurrency transactions and storage. Bank response will also be very useful in the adoption but after this imagine the targeted millions in the country
March 19, 2020, 01:11:49 PM
The legality of using bitcoin will have a positive impact on the growth of bitcoin users in a country and in this case India. India which previously banned bitcoin and altcoin has now lifted the ban. For a global scale, prices may not be influenced by the legality of a country against the use of bitcoin, but this will increase the popularity of bitcoin in the country through its users.
The price of bitcoin is basically influenced by demand and supply in the market, if the population of India, including investors intend to buy large amounts of bitcoin after the legality is obtained, then there is a possibility that prices will increase. And now what is causing the price of bitcoin to increase?
The price of bitcoin is basically influenced by demand and supply in the market, if the population of India, including investors intend to buy large amounts of bitcoin after the legality is obtained, then there is a possibility that prices will increase. And now what is causing the price of bitcoin to increase?
March 19, 2020, 12:47:07 PM
India give second chance to legal bitcoin and altcoin in their counrty, maybe become worth way for bitcoin and altcoin investor how to get positive respond for their government at the future. With second chance bitcoin become legal transaction they have really give positive way why have to use bitcoin and altcoin.
March 19, 2020, 10:42:46 AM
I don't think so. I think the effect bitcoin is facing is now is as a result of the corona virus affecting the world
March 19, 2020, 10:05:48 AM
Well , India did lift the ban of cryptocurrencies and it didn't show much of a growth with respect to the price.
Because honestly telling people from India who were involved in bitcoins , even after the Ann they were still involved.
They were buying , selling and local bitcoins did not put a ban on that simply because government never did fully ban the bitcoins..
Only banks were creating a problem , so people were still using bitcoins paying a lil extra , for the intermediate fee.
Therefore the price increase shouldn't be that much.
Of course, the growth of crypto will never be at high indices through the breaking of bans because the ban in India or many other countries, all can only deter some people who want to start participating in crypto, for other users, they are not too concerned when they know that this blocking will not affect them, their capitalization can still move in the market every day, scrutiny or management from the government is non-existent. Such too simple information from one country will not cause many problems for bitcoin, only unified information creates danger Because honestly telling people from India who were involved in bitcoins , even after the Ann they were still involved.
They were buying , selling and local bitcoins did not put a ban on that simply because government never did fully ban the bitcoins..
Only banks were creating a problem , so people were still using bitcoins paying a lil extra , for the intermediate fee.
Therefore the price increase shouldn't be that much.
March 19, 2020, 04:21:24 AM
We think this is huge for the crypto world looking at the current BTC price graph.
Comment below your opinions.
EDIT
Here is All you need to know about #Cryptocurrency Trading becoming legal in India
nothing is certain today mate,Yeah if this Corona Virus did not grow this wide?for sure we are now experiencing the Growth came from this Ban lifting of India and the Korean adoption of Bitcoin but as of now?we can see the highest fall we ever had for the years of this market.bringing Bitcoin to fall almost 50% in just 16 hours or lower.this is the best test we can have now and also for those who can stand Holding and Buying in this Bear market. Comment below your opinions.
EDIT
Here is All you need to know about #Cryptocurrency Trading becoming legal in India
March 19, 2020, 04:12:19 AM
Well , India did lift the ban of cryptocurrencies and it didn't show much of a growth with respect to the price.
Because honestly telling people from India who were involved in bitcoins , even after the Ann they were still involved.
They were buying , selling and local bitcoins did not put a ban on that simply because government never did fully ban the bitcoins..
Only banks were creating a problem , so people were still using bitcoins paying a lil extra , for the intermediate fee.
Therefore the price increase shouldn't be that much.
Because honestly telling people from India who were involved in bitcoins , even after the Ann they were still involved.
They were buying , selling and local bitcoins did not put a ban on that simply because government never did fully ban the bitcoins..
Only banks were creating a problem , so people were still using bitcoins paying a lil extra , for the intermediate fee.
Therefore the price increase shouldn't be that much.
March 18, 2020, 11:06:23 AM
It could impact btc prices but not in the current situation. New investors dont want to bring their money in the industry
it will definitely impact the price of bitcoin one way or another. As more countries lift their banhammers on cryptocurrencies it's highly likely that prominent coins in the market pump in the prices. And India being a country with a large population density and much more people who are open to investing instead of saving. Cryptocurrencies, particularly bitcoin and possibly ethereum can thrive in their market. With increases of atleast 2% approximately. So statistically-speaking, India lifting their bans on cryptocurrencies may open huge doors for bitcoin to thrive in a new market. 
March 18, 2020, 02:51:17 AM
It could impact btc prices but not in the current situation. New investors dont want to bring their money in the industry
March 17, 2020, 08:05:12 AM
With all the predictions and explanations, it is still not the right time to draw major decisions because of the CoronaVirus Outbreak. Bitcoin price went up due to the decision of SC and rapidly dipped because of the outbreak worldwide, especially China.
March 15, 2020, 03:10:44 PM
This will not necessarily impact the market since India is not a major power house in economic power, this can allow her citizens to massive dive into the market without fear.
March 15, 2020, 06:53:34 AM
All the good news here is not enough to make the market grow now because our enemy is a World wide Virus in which Pandemic that we know will last for longer time.
Exactly, we can't appreciate any good news now although this news is quite big because of the fact that people all over the world are in panic right now. This pandemic has destroyed not only the crypto market but the economy and we are feeling it now, and we can't do anything but to continue to monitor the situation and just do what we feel is right.
What i was looking is the bright side and that is to find money to invest more for crypo,specially Bitcoin that i know will make me rich in future.
Lets use this downtrend to invest more and not to cry for losses .
Lets use this downtrend to invest more and not to cry for losses .
We can find a way if we will, really, bitcoin dump 50% from its high this year so far, I think in less than a year we will be back and maybe consider borrowing money from the back, they can offer low interest, probably 20% below per year, you are still in profit in case it will take a year for this market to recover.
March 15, 2020, 03:29:05 AM
All the good news here is not enough to make the market grow now because our enemy is a World wide Virus in which Pandemic that we know will last for longer time.
What i was looking is the bright side and that is to find money to invest more for crypo,specially Bitcoin that i know will make me rich in future.
Lets use this downtrend to invest more and not to cry for losses .
What i was looking is the bright side and that is to find money to invest more for crypo,specially Bitcoin that i know will make me rich in future.
Lets use this downtrend to invest more and not to cry for losses .
March 15, 2020, 03:00:09 AM
Any positive news will be very important now, but still they will not be able to reverse the trend against the backdrop of a global collapse of markets and coronavirus. Perhaps in the future she will be able to help, but in the current situation they will not help much.
March 15, 2020, 01:52:17 AM
Lifting the ban on Cryptocurrency from india is difienately a boost for crypto market because india is huge market and world 2nd largest populated country. People always want is that their fund should be safe in any market.if Indian government lifting nban from Cryptocurrency people now enjoy this crypto world much more easier way then before they have.
So good and smart decision by Indian supreme court.
So good and smart decision by Indian supreme court.
March 14, 2020, 02:58:49 AM
Nobody cared when India "banned" bitcoin, nobody cares if India unbanned it.
Despite having 1.5 billion people, India means close to zero for the market, 90% of the people there can't afford to buy anything other than food, how do you think they will manage to invest at much as the other countries?
Despite having 1.5 billion people, India means close to zero for the market, 90% of the people there can't afford to buy anything other than food, how do you think they will manage to invest at much as the other countries?
Well.. I am not going to argue. I am from Nepal, which happens to be one of the countries that border India. A large part (may be one-third of the population) of the Indians live in poverty, but India is home to dozens of billionaires and thousands of ultra-high net worth individuals. If China is an important market for Bitcoin, then we can say that India is also one of the major markets.
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