India just BANNED Bitcoin? Will BTC now crash?

Btc_1856

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Quote from: mkhadazz on September 05, 2018, 07:09:26 AM

If India prohibits the circulation of bitcoin, then I think it might affect the condition of bitcoin prices in India, hopefully it will not give much influence to the whole world, because if India does that it might only lose India.

Yes, you are right it won't affect the price of bitcoin but India might loose the bitcoins. Bitcoins price will not decrease and it won't affect the price of Bitcoin if Indian bans the bitcoin.

mkhadazz

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If India prohibits the circulation of bitcoin, then I think it might affect the condition of bitcoin prices in India, hopefully it will not give much influence to the whole world, because if India does that it might only lose India.

pocketfullofpoke

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Bitcoin and cryptocurrencies will always go on even if Inda will ban it. And if this is really true, then take a look last year when China banned bitcoin and cryptos. Its effect is very obvious as bitcoin plunges down but bitcoin retaliates back and skyrocketed its market price since then. So in this case, i believe it's just the same as last year and bitcoin will remain strong and dominant.

aso118

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Quote from: btcjocan on September 04, 2018, 05:43:08 PM

I think those manifestations happening with bitcoin against india of whatsoever countries who seemingly banned bitcoin was just a tactics from other bitcoin haters, and probably haters of cryptocurrency. No such reposts or any legit article who can support this information yet, so don't easily carried aways on this matter and most importantly be brave enough.

These may not be tactics from Bitcoin haters. Such reports might be hyperbole, but if you do go to mainstream publications, there is a kernel of truth behind it. In India's case, the exchanges have lost their banking relationships and pretty much shut down or converted into crypto-only exchanges. While India has not explicitly banned Bitcoin, all trading activity has come to a grinding halt.

btcjocan

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Quote from: GoodLuck2 on September 04, 2018, 05:10:51 PM

Quote from: gabmen on August 16, 2018, 12:39:01 PM

Quote from: andycarrol on August 16, 2018, 07:05:09 AM

Quote from: basyang on August 16, 2018, 06:20:23 AM

Quote from: alexey14 on February 01, 2018, 03:06:14 PM

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

Besides India, Arab has also currently banned bitcoin. but I think this thing will not make prices crash. even my country also prohibits the use of bitcoin, but have no effect on the price. unless one of the country's enormous influence on bitcoin. whereas currently more countries supporting bitcoin compared banned bitcoin.

Did they though? I think we're misunderstanding these bans a couple of times and that can lead to panicn which won't really work well for lthe community. India, like china, has been very open about it's stand when it comes to crypto but a total ban or illegalization isn't in effect.

You are 100% right but we have another news that Thailand has accepted the Bitcoin and will soon run inside the country so this is encouraging people to come towards this new technological way of investment. This will benefit you the most and will payoff if you choose it for your investment and the coin is spreading with the passage of time and soon India will rethink to accept it again because the fault is in their system and not in Bitcoin.

I think those manifestations happening with bitcoin against india of whatsoever countries who seemingly banned bitcoin was just a tactics from other bitcoin haters, and probably haters of cryptocurrency. No such reposts or any legit article who can support this information yet, so don't easily carried aways on this matter and most importantly be brave enough.

GoodLuck2

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Quote from: gabmen on August 16, 2018, 12:39:01 PM

Quote from: andycarrol on August 16, 2018, 07:05:09 AM

Quote from: basyang on August 16, 2018, 06:20:23 AM

Quote from: alexey14 on February 01, 2018, 03:06:14 PM

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

Besides India, Arab has also currently banned bitcoin. but I think this thing will not make prices crash. even my country also prohibits the use of bitcoin, but have no effect on the price. unless one of the country's enormous influence on bitcoin. whereas currently more countries supporting bitcoin compared banned bitcoin.

Did they though? I think we're misunderstanding these bans a couple of times and that can lead to panicn which won't really work well for lthe community. India, like china, has been very open about it's stand when it comes to crypto but a total ban or illegalization isn't in effect.

You are 100% right but we have another news that Thailand has accepted the Bitcoin and will soon run inside the country so this is encouraging people to come towards this new technological way of investment. This will benefit you the most and will payoff if you choose it for your investment and the coin is spreading with the passage of time and soon India will rethink to accept it again because the fault is in their system and not in Bitcoin.

Clark05

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One of the possible reason the bitcoin are still crashing because of the country who wants to banned bitcoin because they did not manipulate bitcoin. But I think those country who banned bitcoin already will be unbanned bitcoin if they see the good opportunity of the bitcoin.

BlackPanda

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Quote from: pieppiep on August 21, 2018, 05:40:38 AM

I think the Indian government banned the circulation of bitcoin in its country because there may be a lot of developers who commit public fraud that block the blockhain platform but run away from money from Investor and there may also be other problems that make cryptocurrency in India strictly forbidden.

That is indeed a very strong foundation. Bitcoin price values and forms of bitcoin are very difficult to track so there is a high likelihood of fraud. The sophistication of technology makes Bitcoin anonymous so that no one can confirm the track record of Bitcoin transactions.

The government needs to understand the things that are far more important than the positive value of using Bitcoin, so far the government has seen the negative side of Bitcoin and it should be avoided because right now we are heading for the era of digitalization.

Butonyki

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Quote from: gabmen on August 16, 2018, 12:39:01 PM

Quote from: andycarrol on August 16, 2018, 07:05:09 AM

Quote from: basyang on August 16, 2018, 06:20:23 AM

Quote from: alexey14 on February 01, 2018, 03:06:14 PM

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

Besides India, Arab has also currently banned bitcoin. but I think this thing will not make prices crash. even my country also prohibits the use of bitcoin, but have no effect on the price. unless one of the country's enormous influence on bitcoin. whereas currently more countries supporting bitcoin compared banned bitcoin.

Did they though? I think we're misunderstanding these bans a couple of times and that can lead to panicn which won't really work well for lthe community. India, like china, has been very open about it's stand when it comes to crypto but a total ban or illegalization isn't in effect.

Yes it is not for the first time we are hearing about India that they are banning bitcoin, may be they have taken some steps about bitcoin. but to me I think that they have not yet totally banned bitcoin, bitcoin is the only crypto currency which is present in all over the world having same value everywhere. So it is not as much easy to stop their people from using bitcoin.

pieppiep

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I think the Indian government banned the circulation of bitcoin in its country because there may be a lot of developers who commit public fraud that block the blockhain platform but run away from money from Investor and there may also be other problems that make cryptocurrency in India strictly forbidden.

Stolivie

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Quote from: anntlevel on August 17, 2018, 02:11:00 AM

Quote from: basyang on August 16, 2018, 06:20:23 AM

Quote from: alexey14 on February 01, 2018, 03:06:14 PM

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

I do not think so that people will think it is a crash if India has banned the Bitcoin and other cryptocurrencies. This is not valid and irrelevant if we are thinking like this because Bitcoin has more supporters all over the world and we have good news as well that Thailand has accepted it recently so the fresh news is very good and Indian banning is now old news for us to discuss.

I think bitcoin even did not crash after banning bitcoin by China where the investors are much more than any other country. Bitcoin is too much strong and banning by a single country cannot effect bitcoin too much, even If it will affect the bitcoin price it will be for some time and not permanent.

anntlevel

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Quote from: basyang on August 16, 2018, 06:20:23 AM

Quote from: alexey14 on February 01, 2018, 03:06:14 PM

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

I do not think so that people will think it is a crash if India has banned the Bitcoin and other cryptocurrencies. This is not valid and irrelevant if we are thinking like this because Bitcoin has more supporters all over the world and we have good news as well that Thailand has accepted it recently so the fresh news is very good and Indian banning is now old news for us to discuss.

gabmen

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Quote from: andycarrol on August 16, 2018, 07:05:09 AM

Quote from: basyang on August 16, 2018, 06:20:23 AM

Quote from: alexey14 on February 01, 2018, 03:06:14 PM

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

Besides India, Arab has also currently banned bitcoin. but I think this thing will not make prices crash. even my country also prohibits the use of bitcoin, but have no effect on the price. unless one of the country's enormous influence on bitcoin. whereas currently more countries supporting bitcoin compared banned bitcoin.

Did they though? I think we're misunderstanding these bans a couple of times and that can lead to panicn which won't really work well for lthe community. India, like china, has been very open about it's stand when it comes to crypto but a total ban or illegalization isn't in effect.

andycarrol

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Quote from: basyang on August 16, 2018, 06:20:23 AM

Quote from: alexey14 on February 01, 2018, 03:06:14 PM

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

Besides India, Arab has also currently banned bitcoin. but I think this thing will not make prices crash. even my country also prohibits the use of bitcoin, but have no effect on the price. unless one of the country's enormous influence on bitcoin. whereas currently more countries supporting bitcoin compared banned bitcoin.

basyang

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Quote from: alexey14 on February 01, 2018, 03:06:14 PM

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

dreamHeaven

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Quote from: clarkgeneral86 on August 14, 2018, 12:55:29 AM

Quote from: Seast on August 13, 2018, 09:43:32 PM

Quote from: bitcoin31 on August 11, 2018, 06:47:06 PM

I see some country who are banned bitcoin, but maybe they have some effect to the price maybe they decrease . But the important to the country who are accepting and legalize bitcoin to their country and this is very big help to us to pump bitcoin.

There is no need to pump the bitcoin. Slow rise is much better.

The price of bitcoin up fast will also drop sharply, the end of July is a testament to that. The current market needs stability, pump actions will affect the future of bitcoin.

What if India banned Bitcoin? We have accepted the Bitcoin as we know that Germany has accepted the Bitcoin recently. Even if it is legal in India then it has no effect on the value of Bitcoin because most of the people living there are uneducated about the crypto world as compared to rest of the countries. However there are educated but they have little investments here so I think it has no great loss for the Bitcoin and is understandable.

Clemcout

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Quote from: Barbarian on August 14, 2018, 11:05:52 AM

Nothing like that is going to happen, bitcoin is not going to crash just because one country banned bitcoin, even if an important country banned bitcoin nothing will happen because people will just keep dealing with bitcoin except that this time they are going to do it without the approval of their government.

Bitcoin is spreading with the passage of time and whenever a country stops using it then on the other side we have countries which are accepting it. Looking and observing the progress of countries with the Bitcoin convincing other countries as well. I think Indian ban on the Bitcoin has no greater affects and this is understandable for us as we can say in comparison that Germany has accepted it.

Barbarian

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Nothing like that is going to happen, bitcoin is not going to crash just because one country banned bitcoin, even if an important country banned bitcoin nothing will happen because people will just keep dealing with bitcoin except that this time they are going to do it without the approval of their government.

MChain

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Quote from: alexey14 on February 01, 2018, 03:06:14 PM

India just BANNED Bitcoin? Will BTC now crash?

well, India has a lot of people. I would not be surprised that this ban will largely influence BTC price

wdnj

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Quote from: clarkgeneral86 on August 14, 2018, 12:55:29 AM

Quote from: Seast on August 13, 2018, 09:43:32 PM

Quote from: bitcoin31 on August 11, 2018, 06:47:06 PM

I see some country who are banned bitcoin, but maybe they have some effect to the price maybe they decrease . But the important to the country who are accepting and legalize bitcoin to their country and this is very big help to us to pump bitcoin.

There is no need to pump the bitcoin. Slow rise is much better.

The price of bitcoin up fast will also drop sharply, the end of July is a testament to that. The current market needs stability, pump actions will affect the future of bitcoin.

We don’t say world crash there will be a bit fall in price and that will occur when maximum people will sell their coin for sake of profit and as before people were aiming to sell at 10000 but today progress give them a sign to hold for more time and then sell because In 3 days price jump from 8000 to 9735 and this show clearly waiting for one more week will show where coin will lie & profit will be shown clearly in stats.   

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