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ScamViruS

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Quote from: vvu351 on March 08, 2020, 04:41:31 PM

Quote from: ScamViruS on March 08, 2020, 04:10:20 PM

Quote from: VDraci on March 04, 2020, 05:07:31 AM

As of today March 4 India lift the ban on crypto, how is this going to affect crypto market? Coronavirus is still out there, is this good or not good enough?

Of course this is a good news. India legal crypto which is very good for the crypto community. India has a population of 1.37 billion. This means that crypto currencies are open to a large number of people. This news will certainly impact the market but slowly. And the Corona virus will only affect the global economy.

Let's see how the Chinese virus will affect the global economy and what will happen to the cryptocurrency market in the next few months. As for India, they will still dispute the decision.

Yeah. I'm looking forward to how the market will go up again within the next few months. The crypto market is currently going down, maybe its last shakeout before the next bull market. The virus has already made a huge impact on the global economy. Which is not a good situation at all. I do not know how long this situation will last.

Botnake

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Quote from: VDraci on March 04, 2020, 05:07:31 AM

As of today March 4 India lift the ban on crypto, how is this going to affect crypto market? Coronavirus is still out there, is this good or not good enough?

This was very good news from last year but this effect isn't showing good performance in cryptocurrency.

This was not from last year, this is a recent news, India lift the ban on crypto and in fact we also have south Korea doing the same.

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All top coin keeps going down and down. Some people started to believe that Ethereum could hits 200 USD.

ETH already hit $200, you can check that in cmc - https://coinmarketcap.com/currencies/ethereum/

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This could be effect of Corona virus, so lift effect showing in few months.

Maybe but we are going in a cash less worth, only few countries are affected with Corona Virus, so there is no negative major effect on bitcoin.

hirngespenst

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The news is cool but yet people are not celebrating because as you know Coronavirus is spreading everywhere. Almost a hundred people died in Iran, India, Bangladesh has coronavirus too. Only Indian based crypto projects showed a major pump after this news like WazirX. But today, the whole crypto market is dumping hard, I think it is because of Coronavirus again!

dongosquad

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Quote from: JCviggen on March 08, 2020, 03:35:47 PM

The fact that India lifted the ban on the use of cryptocurrencies does not mean that it has become legal. it just means that people will not go to jail for using cryptocurrencies. Legalization of cryptocurrencies occurred only in South Korea

We all also know that every country has sovereignty over the currencies it controls, so certain binding rules regarding the use of cryptocurrency must exist, so it must be understood. So that the meaning of legalization is very objective, depending on the relevant state regulations. However, India has strong market potential, many reliable developers come from there, the price competition is competitive, this is a very good opportunity.

pixie85

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Quote from: JCviggen on March 08, 2020, 03:35:47 PM

Quote from: maruf01788 on March 08, 2020, 03:23:36 PM

It's really great news. Thats good news that bitcoin is legal in India. And i think this news bring positive effect on bitcoin.

The fact that India lifted the ban on the use of cryptocurrencies does not mean that it has become legal. it just means that people will not go to jail for using cryptocurrencies. Legalization of cryptocurrencies occurred only in South Korea

You don't know what the ban was all about. It was like the Chinese ban that forbid financial institutions to work with cryptocurrencies and people to register crypto companies.

You would not go to jail for owning cryptocurrencies or selling some to someone for cash. You would be unable to register a company or get a credit if you had something to do with cryptocurrencies.

You also don't know how many countries legalized crypto. I can tell you that it's more than just South Korea.

retnoanjani

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Quote from: Kotone on March 07, 2020, 02:37:28 AM

Slowly but surely many countriea will follow through the path where India has been doing. Recent day after thus, South Korea express a positive vibes too as they now legalized cryptocurrency. Im not sure if this is the first one but this news make the market glow again aside from the clearance of India from a long term ban for cryptocurrency.

Although it does not significantly affect price changes, the good news related to the legality of India and South Korea will have an extraordinary long-term effect for the adoption of blockchain in Asia. We know that India and South Korea are very open and caring for the development of the blockchain industry, several successful projects that I know of from the two countries include Matic, Content Protocol, etc. Some exchanges from South Korea also have a good reputation. In addition, the population of the two countries is quite large, with the support of such a government will increase the interest of the population there, this is very effective for the development of the crypto community.

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Quote from: ScamViruS on March 08, 2020, 04:10:20 PM

Quote from: VDraci on March 04, 2020, 05:07:31 AM

As of today March 4 India lift the ban on crypto, how is this going to affect crypto market? Coronavirus is still out there, is this good or not good enough?

Of course this is a good news. India legal crypto which is very good for the crypto community. India has a population of 1.37 billion. This means that crypto currencies are open to a large number of people. This news will certainly impact the market but slowly. And the Corona virus will only affect the global economy.

Let's see how the Chinese virus will affect the global economy and what will happen to the cryptocurrency market in the next few months. As for India, they will still dispute the decision.

ScamViruS

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Quote from: VDraci on March 04, 2020, 05:07:31 AM

As of today March 4 India lift the ban on crypto, how is this going to affect crypto market? Coronavirus is still out there, is this good or not good enough?

Of course this is a good news. India legal crypto which is very good for the crypto community. India has a population of 1.37 billion. This means that crypto currencies are open to a large number of people. This news will certainly impact the market but slowly. And the Corona virus will only affect the global economy.

JCviggen

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Quote from: maruf01788 on March 08, 2020, 03:23:36 PM

It's really great news. Thats good news that bitcoin is legal in India. And i think this news bring positive effect on bitcoin.

The fact that India lifted the ban on the use of cryptocurrencies does not mean that it has become legal. it just means that people will not go to jail for using cryptocurrencies. Legalization of cryptocurrencies occurred only in South Korea

maruf01788

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It's really great news. Thats good news that bitcoin is legal in India. And i think this news bring positive effect on bitcoin.

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Quote from: Crypto_lion on March 07, 2020, 05:17:09 AM

This should be considered one of the major boosts for the crypto currency trading markets . With the high population India can prove to be a major force in purchasing crypto currency. I know of several exchanges which close down in India so this news is a welcome news for the techs in India.

Of course this is very good news for cryptocurrency lovers, both in India and outside India, because if the cryptocurrency population can develop well in India, the effect will be very good also in the market.

Lexurdania

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After India allowed cryptocurrency transactions, the project from India showed encouraging price movements. In my opinion this marks a new era for the people of India and also as a door for other countries to allow transactions using cryptocurrency.

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This should be considered one of the major boosts for the crypto currency trading markets . With the high population India can prove to be a major force in purchasing crypto currency. I know of several exchanges which close down in India so this news is a welcome news for the techs in India.

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I fully agree that neighbouring countries should also follow and lift the ban on crypto buy and sell locally rather they should come up with clear and sound policies that should encourage and support this new innovation otherwise these countries can lag behind.

memed97

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Quote from: gensol on March 06, 2020, 05:46:05 PM

This ban has been appealed so let's wait for the final ruling before we conclude that truly the ban is off.

Yes, of course this will be very interesting to wait, even though India is not a rich country like the others, but it would be very good if they support cryptocurrency.

Quote from: Redbackone on March 06, 2020, 08:39:33 PM

Let's hope that this isn't stuck in the courts forever and they have a somewhat speedy resolution.

Although it's not so fast, I don't think it's a problem either, because at least the Indian government has responded to this, and hopefully it will produce good results later.

Samayuki

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Come to think of it, how can any country ban crypto? It's something that can't be possible that's why government are helpless here if not the government would have ban crypto since early 2012, anyways this is just the beginning, crypto is unstoppable

Gotumoot

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Quote from: VDraci on March 04, 2020, 05:07:31 AM

As of today March 4 India lift the ban on crypto, how is this going to affect crypto market? Coronavirus is still out there, is this good or not good enough?

~~

Well, This news will have impact in price because many investors can freely buy bitcoin again and other crypto currency. And I think we will see this when halving is near or after halving. That's why buy now while price is cheap.

Corona Virus - have impact also because many people will use crypto currency and other digital currency to use in buying thier daily needs instead of fiat currency because this is also reason why many peope get infected by virus.

BlackFor3st

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Quote from: VDraci on March 04, 2020, 05:07:31 AM

As of today March 4 India lift the ban on crypto, how is this going to affect crypto market? Coronavirus is still out there, is this good or not good enough?

I am not so sure whether coronavirus really affect the crypto market, they say that others are afraid in holding a fiat because of the virus but fiat is necessary if you like to buy your needs and wants as digital asset is not yet fully implemented in most of the countries.

With regards to the ban that was lifted by India, this will surely affect the crypto market especially if the old traders and investors from India will start to resume their works again. Once the demand from India is a little bit high then it will help to push the market upward and it will continue especially if more people from India will become interested to crypto currencies.

xvids

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Quote from: VDraci on March 04, 2020, 05:07:31 AM

As of today March 4 India lift the ban on crypto, how is this going to affect crypto market? Coronavirus is still out there, is this good or not good enough?

Of course it is good but don't expect that just because of it the price of BTC and other crypto would suddenly go up.
This is a great news for the improvement of crypto industry and it is also a great publicity for us.
This could gain more people to be curious on crypto and Bitcoin then later on also be an investors.

Kotone

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Slowly but surely many countriea will follow through the path where India has been doing. Recent day after thus, South Korea express a positive vibes too as they now legalized cryptocurrency. Im not sure if this is the first one but this news make the market glow again aside from the clearance of India from a long term ban for cryptocurrency.

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