Topic: India just BANNED Bitcoin? Will BTC now crash? - page 12. (Read 2613 times)
The government and reserve Bank of India always refers to bitcoin negatively. The Ministry of Finance even call it a pyramid scheme. Nevertheless, each tenth of a bitcoin transaction is made in India. The government does not recognize bitcoin as a legitimate payment instrument. But in the future, India is willing to develop and support the technology of the blockchain.
No, bitcoin is crashing not because of India banning the bitcoin. This is the basic nature of bitcoin. It will rise and again it will grow up.
And bitcoin price may be also in declining due to the introduction of new crypto which solves different solutions and have some better features which does not possess by the bitcoin.
This is the main purpose of bitcoin's crash.
I hope you get your answer.
And bitcoin price may be also in declining due to the introduction of new crypto which solves different solutions and have some better features which does not possess by the bitcoin.
This is the main purpose of bitcoin's crash.
I hope you get your answer.
I think there is a misundertanding here. Do they ban it totally or just for illegal purpose?
It is just speculations that has been used today to manipulate the market and I'm sad that they succeeded to do that. Their main objective was to cause retail traders to do panic selling. I hope you didn't!
But as always the news was twisted and changed by the mainstream media, and someone who really wanted to crash the market succeeded.
The price will recover slowly as the people will realize that the Indian ban is nothing but fake news and one big hoax. Be patient.
This is not the end for bitcoin. Just because some governments are afraid of untraceable coins it does not mean it is over
India just BANNED Bitcoin? Will BTC now crash?
Users read his statement again ❗❗#Fact 1: Government will eliminate Cryptocurrency – to curb illicit activities. It doesn’t mean they will stop cryptocurrencies from trading. If you are trading bitcoin/crypto on exchanges and paying your taxes, you are not doing anything illicit.
#Fact 2: Government does not recognise Crypto as legal tender. Which means you cannot make or accept payments for goods and services in Bitcoins or any cryptocurrency. So you are still free to buy and sell cryptocurrency on exchanges.
#Fact 3: Government did not say there will be a ban on cryptocurrency. Indian government can however ban ICOs in India. We have to wait and watch.
So the conclusion is Indian government did not completely banned bitcoin stupid head
India just BANNED Bitcoin? Will BTC now crash?
Stop spreading fake news all over the internet. You should do your research before posting such bullshits and spread more rumours. India won't be banning bitcoin. The speech made by Jaitley was just misinterpreted and people are now panicking. He never said that bitcoin will be banned, just cited that it is not a legal tender. In fact they are now taking initiatives to embrace the block chain technology. 
I don't thing india can influence the market so much that it ca make bitcoin drop so much in value. All this mess is because of Tether and let's hope this will be solved soon. Until then , buy some bitcoin , buy some altcoin , and take a look at Aitheon ICO , it will be a good ICO for sure.
We have to wait to see how the new news emerges. Does anyone have updated information about today?
All you need to know can be found in the press section on the forum. If you're asking about updates from India, everything is in order there. No ban. As you can see people panicked and oversold their coins lowering the price to 8k USD. Some people made some huge mistakes today.
I think there is a misundertanding here. Do they ban it totally or just for illegal purpose?
It is just speculations that has been used today to manipulate the market and I'm sad that they succeeded to do that. Their main objective was to cause retail traders to do panic selling. I hope you didn't!
I think there is a misundertanding here. Do they ban it totally or just for illegal purpose?
Exactly as you have wrote Indian finance minister said it will eliminate usage of cryptocurrencies like bitcoin in "criminal use cases."
Mainstream media took it as "it will eliminate usage of cryptocurrencies" and forgot the rest.
It is classic media fud headlines always look source
India just BANNED Bitcoin?
You guys just watch something and come up with whatever you think is truth, isn't it?
The worst problem here is media, they just add too much spice to the news and serve it because we people want it that way.
Our Finance Minister said that Bitcoins or any cryptocurrency is not a legal tender or coin and is not going to be accepted here. And he wants to eliminate the use of cryptocurrencies from India to stop illegal activities that are getting done by Underworld guys as well as terrorists.
If we get into the depth of what he tried to convey, we can clearly see that he didn't say that Bitcoins are illegal, but if someone tries to steal tax from Government, they are doing wrong and will probably be scrutinized.
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Will BTC now crash?
If BTC is about to crash, it would have crashed very badly already.
But, it looks like whales took the advantage of this scenario when people started panic selling and value fell down near 5 Lacs.
It's currently stable between 6.3 - 6.5 Lacs and I believe we will be seeing higher values back very soon.
I think this year is somehow bad for crypto because not one, but many countries have now taken Bitcoins in their talks and it has become the beat of the buzz. Let's hope for the betterment of Bitcoins.
India just BANNED Bitcoin? Will BTC now crash?
With the current pricing today? I think bitcoins are crashing already. Sad part about this is I think it is going to take longer than we thought for bitcoins to reach and overcome the $18,000 price point. But have faith, bitcoins will make a return this 2018. We just don't know it yet.
I think there is a misundertanding here. Do they ban it totally or just for illegal purpose?
this is probably news that's been taken and twisted as ever. but even if it was, why should we care about india? they don't have a crypto market worth mentioning.
even if this is baloney, and it probably is, it's almost certain india will ban it eventually. look what they did with everyone's cash. they're not gonna let something like bitcoin flourish there.
even if this is baloney, and it probably is, it's almost certain india will ban it eventually. look what they did with everyone's cash. they're not gonna let something like bitcoin flourish there.
Yes India has banned the bitcoin and other cryptocurrency yesterday but i don't think that bitcoin will crash. But ya definitely it will effect the price of bitcoin.
I'm sure this will not be long, just as it did with the beginning of november when china banned bitcoin prices drop from $ 4300- $ 3100 and 2 weeks bitcoin prices continue to skyrocket, a lot of news stating that prices drop because Chinese users want to celebrate Chinese New Year. India just BANNED Bitcoin? Will BTC now crash?
I think you need to re-read the information. They just don't accept Bitcoin payments and will do all they can to removal of Bitcoin support for illegal purposes. That can make their economy more manageable. India does not forbid Bitcoin, their government is exploring Blockchain technology. Currently, Bitcoin is fluctuating sharply, but I do not think it will collapse by the decisions from India
This is all a fake and as always it is profitable for someone to distribute such news! India did not forbid it! The government does not impose a ban on free trade in crypto currency on exchanges, but only does not recognize Crypto as legal tender for goods and services.
India just BANNED Bitcoin? Will BTC now crash?
Stop FUDing everyone. It'll eventually cause a massive panic sell and bitcoin price will drop hard. Well, I guess it's a big advantage for me since I get to buy a lot more bitcoins at a very cheap price. So I guess noobs can keep FUDing Indian fake news so I can buy more bitcoins.
China is bigger a couple of times vs. India. We do not need india to make bitcoin pump. I really hate this crypto manipulation FUDs by whales.
India just BANNED Bitcoin? Will BTC now crash?
Yes India has banned the bitcoin and other cryptocurrency yesterday but i don't think that bitcoin will crash. But ya definitely it will effect the price of bitcoin.
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