Topic: How is India affecting Bitcoin prices ? - page 2. (Read 260 times)
with large population in the world and highly English speaking country bitcoin is expected to grow strong foothold in the bitcoin marketplace India news and buying capacity have influence world bitcoin market in very large way
Recently, Indian media reported that Indian government has banned bitcoins in the recently announced financial budget. It caused pan inc and Indian investors and prices were affected globally. Let us discuss how much impact India has on bitcoin prices overall.
India is one of the most populated country of the world so they have a big impact on the bitcoin prices because there is always high demand for the bitcoin in the localbitcoins.com.And you are right the rumor created a big crash recently so I will say it is one of the important coutry for the crypto community like China and Japan.And? What if it is the most populated?
Big demand on localbitcoins?
https://coin.dance/volume/localbitcoins/INR
Last week the volume was 40 million Rupee. That's 600 000$.
The volume in UK alone was 7 000 000$.
India means nothing. It might have a high population, but while half of it is dirt poor and the other half is usual poor, the effect on the BTC price is 0.
There are more than 24 exchanges in India currently and more and more people are joining these. This hype started in India after bitcoin reached $10000 mark. I see a lot of posts from my friends on Facebook showing their bitcoin investments. Unfortunately, a lot of corrupt people are investing their money in bitcoins. Government actually said that they will after such illegal activities.
basically the government of india does not regard the virtual currency as a legitimate means of payment. the impact is seen yesterday, the decline of the king of coins affect to other coins such as ethereum, ripple, litecoin and other coins. I think India is very influential in this world of cryptocurrency.
hopefully the ban is not really happening but regulation only.
hopefully the ban is not really happening but regulation only.
Because it is big country that is growing.
Recently, Indian media reported that Indian government has banned bitcoins in the recently announced financial budget. It caused pan inc and Indian investors and prices were affected globally. Let us discuss how much impact India has on bitcoin prices overall.
India is one of the most populated country of the world so they have a big impact on the bitcoin prices because there is always high demand for the bitcoin in the localbitcoins.com.And you are right the rumor created a big crash recently so I will say it is one of the important coutry for the crypto community like China and Japan.
Recently, Indian media reported that Indian government has banned bitcoins in the recently announced financial budget. It caused pan inc and Indian investors and prices were affected globally. Let us discuss how much impact India has on bitcoin prices overall.
Jump to: