How long until India "bans" bitcoin and it's effects? - page 2.

Sundark

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Quote from: Dafar on December 27, 2016, 10:16:59 AM

I'm more concerned about another China ban

I thought that China is the main supported of Bitcoin, why they would suddenly ban it? It will officially disrupt their dominance over BTC through mining.
And knowing Chinese citizens they still would use and mine Bitcoin anyway, they just do it in secret. So it is hard to tell how it will potentially affect bitcoin price in the long run.

nizamcc

legendary

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Freedom from what? It's prices?
If it's related to it, then I think the price has already settled back down to where it should be and no more enjoyable deals are available here.
Apart from it, if we are talking here about trading bitcoins, then there is neither legality nor illegality of bitcoins being discussed currently in the country, but as we are all heading towards a cashless economy, I think Government will possibly favor Bitcoins instead of going against it, seeing the potential it has, whether as a currency or as a commodity.

Joel_Jantsen

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Get your game girl

Quote from: spazzdla on December 27, 2016, 08:18:55 AM

Govs can't have this freedom go on too long, how deep of a correction when they " ban" it?

Not a single thing Indian Government can affect the rally apart from let it reach places ! Infact,government is encouraging digital payment methods and currencies.They actually want everybody to go cashless.

Dafar

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dafar consulting

I'm more concerned about another China ban

isov

full member

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Quote from: pereira4 on December 27, 2016, 09:24:17 AM

Who cares what governments say about bitcoin? If they try to ban it, it will only get stronger since people will see how effective it is in its role. It will show the government-bankster mafia is scared because they can't do shit nothing but scare people away from it with bans. Too bad bitcoin is a network that is hosted all over the world so banning it will have no effect. People will still be able to have p2p direct transactions. You can meet with someone and exchange BTC for whatever you want and even use a cheap ass SMS phone if you dont have a smartphone.

+1
Like it very much that with btc the common folk for the first time has possibility to organize in resistance against the blood drinking lizard elite.

BitHodler

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Indian government will come into action at the time Bitcoin is affecting their economy. That's why at this point there is no reason to expect anything from that side.

If they happen to ban Bitcoin right now, then the impact will be very small since Bitcoin there isn't that big yet. I think that's the good thing about it. No need to worry about that.

btcmerich

sr. member

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A ban on bitcoin will hit mainstream media and it will attract interest from people that did not know about bitcoin, all publicity is good publicity

pereira4

legendary

Activity: 1610

Merit: 1183

Who cares what governments say about bitcoin? If they try to ban it, it will only get stronger since people will see how effective it is in its role. It will show the government-bankster mafia is scared because they can't do shit nothing but scare people away from it with bans. Too bad bitcoin is a network that is hosted all over the world so banning it will have no effect. People will still be able to have p2p direct transactions. You can meet with someone and exchange BTC for whatever you want and even use a cheap ass SMS phone if you dont have a smartphone.

BTCLovingDude

legendary

Activity: 1134

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BTC to the moon is inevitable...

as others mentioned Indian market is irrelevant when you compare it with the rest of the world.

but also right now Indian government has so much on their plate which need fixing with their economy and their currency that they won't even have any time to think about such a tiny thing as bitcoin. people are investing in so many other things such as USD and gold that bitcoin is like a peanut!

talks_cheep

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India is irrelevant, at this point in time.

BrewMaster

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There is trouble abrewing

Quote from: spazzdla on December 27, 2016, 08:18:55 AM

Govs can't have this freedom go on too long, how deep of a correction when they " ban" it?

just like i said to the other guy saying India is the reason for the rise, i tell you too. Indian market is way too small to have any effect on bitcoin prices.

it is good to check out some volumes sometimes, trust me you get so much good information that way!

European Central Bank

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there is effectively no indian trading. only china counts when it comes to crackdowns. it would knock confidence a little but that would be it.

spazzdla

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Govs can't have this freedom go on too long, how deep of a correction when they " ban" it?

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