Topic: India just BANNED Bitcoin? Will BTC now crash? - page 15. (Read 2611 times)

bitcoin will only have price accidents in the country of india, because surely there will be a big panic sell. for other countries I think it is still stable but will only experience an insignificant price decline. so that's an internal problem in india.

Even the first part of your question is fake one.  India has not banned bitcoin,  there is no such statement of the Government in or outside the Parliament that they are planning to ban bitcoin.  Though it is true that Finance Minister of India stated that they are finding the ways to usher the bitcoin (cryptocurrency) in Indian digital economy through the available technology i.e. block chain.  Indian Government is though worried about the misuse of bitcoin in illegitimate activities like terror funding and money laundering and if they are worried for this reason we can not claim their action to be unjustified because India is already suffering form terrorism, and Government has in the past taken several actions against hard currency too including calling back the 500 and 1000 denomination rupee notes in November 2016 claiming fake currency supply by its neighbor country  and we have seen decrease in number of terror activities and the major source of funding was blocked by the Government.
Indian Government is not against digital currency and  on the contrary its Prime Minister Narender Modi is a big fan and a big ambassador of digital currency so they will never never ban it's usage but it is also true that they will never compromise their security so some rules and regulations will definitely will be framed and we will have to accept those rules and regulations.
I see some speculators; cheaters; big whales behind all the scenes which are always trying to kill and eat flash of innocent creatures.  

Don't panic sell, this is not the first time.
It will take effect but it will recover too.

I four see this coming when the price skyrocketed in late last year I know it was a pump form big investors who want to make a lot of gain, and India banning of bitcoin has just little to do with the price of bitcoin and even at that most of us are after the technology and not the money. And I can also see that this price fall is another logic to get people to sell they bitcoin out of panic.

OP atleast have some sense . When bitcoin became legal in india government doesnt took any decision on bitcoin or any crypto currency . More over government want to utilise blockchain features . Alos allocated budget fr AI and blockchain based research.I think OP doesnt know the fact simply spreading FUD bitcoin is never banned or never made legal in India . Government said the same thing on 2013 Bitcoin is not legal tender .

Don't spread a fake news here bro.Bitcoin is not illegal in India.As like a South Korea, India have a idea to regulate the bitcoin in India. The government of India may decide to get some taxes for bitcoin. Even bitcoin became illegal in India, the price of bitcoin will fluctuate some how.But it will not affect the price of bitcoin.

No way is the market crashing right now because of India. Like some people have already mentioned, Indias market isn't big enough to cause such a drop. Either a HUGE correction or bear market or both? all in all many predicted this. Will see just how low it goes.

I think it's just the way to make BTC dump for sale-off of whale

FFS will you people do some research and understand what your investing in.
No one can Ban Bitcoin it's a virtual currency and decentralised, a country, group or individual can't ban it

India does not ban Bitcoin, I think it is a rumor, you need to calmly think rather than easily believe in others, the decline in bitcoin prices has caused most people's panic, this time you need to wait patiently bitcoin.

It's not being banned, just being regulated so that illegimate(black money) activities can be tracked. I don't know why is there so much hype in the market. It's time to buy people.

I agree, bitcoin increase so fast last year and some people know that bitcoin will crash after it reach a high price and it's happen now, bitcoin crash not because of the news I think it crash because it's increase so fast before.

It has already been denied, no plans for a ban. Just like all the other news lately.

There is no confirmation from the government about banning cryptocurrencies.

Still a FUD from medias. It's hard to know the exact amount of times that BTC was "banned" or interpreted as banned in a country. It seems like we really have the same scheme than what we had in early 2014.

This interpretation is funny : for them, something "not legal" is illegal. In fact this is different, something not legal is not illegal, but governement just hasn't regulated it yet. Currently, there is almost no country where BTC is officialy legalized as payment system, so that would mean BTC is illegal in the whole world ? Seriously...

Is Bitcoin not falling all these days? But not necessarily because the news is not good news for bitcoin, but the real cause of bitcoin's recent decline is not these, but the first two months rose too fast, out of the objective law, and now it is down some normal

You know what it's a shame for us. You are counting words from those people who do not know nothing about Bitcoin/cryptocurrency. They fear this because some day we will take over their control. So what they are trying is creating FUD to break you and you are responding to their trap. Look around listen to the community you are in (this one) avoid this yellow media. They are not here to help you! They are here to destroy you!! When will you learn???

My point is if you blv in crypto currency in the first place then if even BTC goes down to under 100$ i think you won't be worried. JUST BUY coz im sure you missed the boat when it was under 100$ or even 1000$

If India has really banned bitcoin than it is better to sell the bitcoins as soon as possible.

I heard it many times,some country banning bitcoin in their country,price will just go down due to FUD,fake news but still rise after eventually.If india will banned bitcoin,it won't affect too much because this country is not a big one. There's still lot of countries that accept and legalize bitcoin.

I also heard it like that in INDIA, but not all countries forbid it, even some countries that recognize this bitcoin a lot of advantages, but there is no legal basis governing the movement, and this should be immediately thought, hopefully this bitcoin in the coming year accepted in all countries