Topic: India banned bitcoin but I don’t want to quit bitcoins ?? - page 3. (Read 734 times)
But of course, we should not be affected of one nations decisions. countries that accepts bitcoin are more in number rather than those who ban it. Let us go on.
now things you can do only by moving to another country that does not prohibit bitcoin, pakistan I think is suitable because not too far from your country, there you can continue trading and investment with bitcoin.
But as far as I know, India has not banned bitcoin.
So your source? Or just a FUD?
Read this thread https://bitcointalksearch.org/topic/india-closes-doors-for-crypto-currency-3263490! there is a news source discussing this issue So your source? Or just a FUD?
I can only insist on your dream in this matter, maybe you will get great returns in a few years. The government usually excludes bitcoins out of the protection of its own economy, because they think bitcoin will only destroy the stability of the current economic order, and do not bring taxes to them.
I never intended to give up or not use Bitcoin or altcoin at this time! For me, Bitcoin and altcoin will shape a modern means of payment in the future!
.. please advice me what can i do in this situation
Move to Pakistan. The people are just about the same and it is nearby. Pakistan will let you Bitcoin just fine. Your suggestion of moving to another country can be a solution. but to move the country requires a long process and the big money. If I think it is better to choose one that is good, it will survive or not, if I stay afloat for bitcoin
Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
Option 1: Move to another country
Option 2: Open up a Foreign Bank Account , and use it as an intermediate between an exchange in a foreign county and your local Indian bank account.
The Exchange has to have a sell bitcoin to fiat option. Transferring only fiat between your local Indian bank and the foreign bank bypasses their censorship.
Option 3: Use a Paypal account as an intermediate between an exchange in a foreign county and your local Indian bank account.
The Exchange has to accept Paypal.
SouthXchange.com used to accept paypal last I remember.
Option 4: If you are paid in bitcoins and only need to convert it to Indian money, just use your bitcoins to buy giftcards and spend the gift cards.
Go to https://www.gyft.com or https://www.egifter.com or https://www.cardfy.com and purchase the desired Gift Card with the BTC
Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
Maybe you can use a crypto debit card, just withdraw it in atm. But are you sure that it is already banned in india? I Mean you should double check because I have not read any banning from the internet. If this is true why there is no news surfacing about this? 
for such situations is a bit difficult to give suggestions, but if we force too, then nothing is produced or can be said to be useless .. so inevitably we must follow the rules that have been made.
Where did you hear that statement? The central bank of India just restricted banks from dealing with crypto exchanges.
as long as bitcoin still has a price, i will still look it up. well, I guess those who banned bitcoin, will regret someday. when a country makes good use of bitcoin for the benefit of a country, it is likely that bitcoin can pay off debt, or improve their economy. well, i think of it like that.
.. please advice me what can i do in this situation
Move to Pakistan. The people are just about the same and it is nearby. Pakistan will let you Bitcoin just fine. Your suggestion of moving to another country can be a solution. but to move the country requires a long process and the big money. If I think it is better to choose one that is good, it will survive or not, if I stay afloat for bitcoin
Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
nothing to worry brother. you can still buy and sell bitcoins and altcoins anonymously via exchangers or trusted online exchange websites. You shouldn't stop trading bitcoins as someday Indian government will lift the ban surely. Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
Don't think too much about it. Till now Govt of India has taken no step against crypto legality, but RBI has opposed and refuse to support Crypto transactions. So there is nothing illegal about this. You can locally exchange BTC for Fiat or can use some platforms like remitano to exchange your BTC for Fiat at international level.
India forbids bitcoin as a method of payment or service. We must continue to access bitcoin, because this is the main source to reduce economic problems, hopefully the government will assume that bitcoin is our main economic supply, do not panic with everything related to crypto. I will continue to support cryptocurrency forever.
Keep earning bitcoins, and if you can find someone you trust in another country who can help you liquidate your bitcoins and send the money to you then you should do that.
hmm, i think there is still one way to keep doing bitcoin transactions, that is through "underground" path. but it seems to be very difficult and could be illegal or criminal. you can sell your bitcoins to other foreign currencies that are more commonly accept bitcoins, such as dollars, euros etc. after that, the money you have converted into local currency india, can through paypal and other services.
I think you have taken the best decision. Because crypto in not banned in India as a whole. RBI just said that they will not deal with bitcoin. The news that it is banned in India is just a FUD. You can certainly be on Bitcoin and there is no reason for you to quit it.
Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
Your efforts are not going to be useless as long as you keep earning bitcoin, what is happening is that is going to be a lot harder to use your bitcoin since now it's impossible for you to convert it to fiat, so you have only have some options, get some other source of income, keep working for bitcoin and wait until the law changes, or you move to a country in which you can convert your bitcoin to fiat. 
Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
india is free country not like china whos communist so everything that government says are must be followed..but in india the RBI i guess only trying how big its connection and power above crypto thats why they are creating th kind of issue.for me eventhougy im not an indian i can see that this problem will only a mild issue and if you all bitcoiners from india make some noise against this then RBI will stop this..and the cryptocurrency world will continue spreading in the whole indian countries Jump to: