India just BANNED Bitcoin? Will BTC now crash? - page 16.

onrise

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Quote from: Blueblade on February 02, 2018, 12:12:03 AM

I think this is not true news.Federal Finance Minister Bitcoin is investing there is no connection to the government.For investment in this,he has said that there is no security.
Mukesh Ambani's Reliance Geo Company (INDIA)The JIO COIN ( crypto currency) is reported to be released.

Just to clarify about JIO coin it is still at initial stages and their is no chance that it will released soon. They are working on it and once things do work out they would need to get nod from government and it will take time for government also to give nod as they will have to frame the laws accordingly if they have to approve it. So its a long time in making .

CodyAlfaridzi

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

India just BANNED Bitcoin? Will BTC now crash?

Well, finally Bitcoin make the $8K bear scenario a reality. Took quite a long time and a lot of bad news for this to happen. eh? After the Tether and Finex thing, facebook ads banning, and now this. People have called a correction to $8K since Bitcoin was at $19K ATH. I never thought it was ridiculous, I kinda hoped that it will happen. Now it does happen and I'm fine. Honestly I think it won't go lower than $8K, we shall have a nice bounce from here. If you have some fiat left, buy now!

almtu

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“The government will explore use of blockchain technology proactively for ushering in the digital economy,” he said in his speech.

https://cointelegraph.com/news/india-bitcoin-prices-drop-as-media-misinterprets-govts-regulation-speech

In my opinion this is just the way they want to improve the way they negotiate in the coming months. The enlargement of its possibility to make bitcoin settlement in India.

semobo

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People stop saying that bitcoin is banned in India because it is not,please understand that statement in the right way.Bitcoin was never considered as a legal tender in India but they are not against it.There maybe a new laws will be implemented to use bitcoin in their country but nothing hapoened yet but the FUD already created the price fall pretty much.

Blueblade

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Activity: 266

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I think this is not true news.Federal Finance Minister Bitcoin is investing there is no connection to the government.For investment in this,he has said that there is no security.
Mukesh Ambani's Reliance Geo Company (INDIA)The JIO COIN ( crypto currency) is reported to be released.

conanmori

member

Activity: 476

Merit: 10

People who dont will panic about this are all unintelligent and noob who never learned from the past. How many times does bitcoin becomes like this and still keep pumping at the times. They should know how to take some patience you buy high you sell low that was really not a good move so dont panice just wait and relax let them dump go buy.

sunno330

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homt.net

Quote from: Vladv26 on February 01, 2018, 04:52:03 PM

We have seen thousands of news saying that some country banned bitcoin but still the price went up to 20.000$ last year. We cant know for sure if those news are true or not until the governments will make a public announcement at the tv's or in the media that they are against bitcoin and they will create a law to restrict bitcoin

Yes, you are right. Anyone can obstruct bitcoin with any news. If a big investor will go to sell/stolen then market can falling down sometimes. Not even die or crash. So banned or illegal its doesn't matter.

prabhu

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This is not true news bitcoin does not to ban in India. Bitcoin investing is a personal choice.In the event of loss, the government will not be liable.Investment in Pitcaiin in India is not recognized by the goverment

sann111

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Activity: 196

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Do one thing people:

Go on facebook and twitter and inform people about bitcoin and ask them to buy, post it in comments under various groups. It doesnt matter if facebook is banning ads, you can still help even if you create fake accounts and post from there. It all depends on you to inform the public, the more people the higher bitcoin can rise.

Do it now before its late.

jhongzjhong

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https://bmy.guide

Quote from: joanshu on February 01, 2018, 11:09:30 PM

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

India just BANNED Bitcoin? Will BTC now crash?

India did not ban bitcoins its a fake news .The finance minster of India only said that bitcoins are not legal tender in their country which means it is not accepted locally as a currency and he also mentioned the investors should make investment at their own risk and they are not liable if they end up in loss as most of the young investors from India were investing in bitcoins more over the government is trying to make bitcoins legal in their country does not mean now it is illegal they are going to make a regulatory body in order to find out the big fish in the bitcoin market from their country . Some think that spreading wrong info about bitcoin ban will bring the value of btc to crash so that they can buy in more btc as there are lot of people waiting for it to fall.

Yes they are not banning bitcoin in India but this is not a legal lawful tender in India, beside they are embracing blockchain to their place and one of that is ripple. Instead of recognizing in bitcoin they did not make bitcoin as a legal.
Do you think this is can affect bitcoin price? there'e another reason of bitcoin fallen down and it's normal for bitcoin it because of volatile assets. Don't lose hope just hold on until the price will bouncing back in the marketscap.

gamechain

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Quote from: frery on February 01, 2018, 11:14:54 PM

India has not banned bitcoin. Someone has already said that India should, like China, strictly restrict bitcoin transactions，they do not prohibit people from investing in bitcoin.

India simply does not recognize Bitcoin as the legal tender, but it also acknowledges blockchain technology that encourages payment systems.

frery

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India has not banned bitcoin. Someone has already said that India should, like China, strictly restrict bitcoin transactions，they do not prohibit people from investing in bitcoin.

joanshu

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

India just BANNED Bitcoin? Will BTC now crash?

India did not ban bitcoins its a fake news .The finance minster of India only said that bitcoins are not legal tender in their country which means it is not accepted locally as a currency and he also mentioned the investors should make investment at their own risk and they are not liable if they end up in loss as most of the young investors from India were investing in bitcoins more over the government is trying to make bitcoins legal in their country does not mean now it is illegal they are going to make a regulatory body in order to find out the big fish in the bitcoin market from their country . Some think that spreading wrong info about bitcoin ban will bring the value of btc to crash so that they can buy in more btc as there are lot of people waiting for it to fall.

Blocks

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Indian didn't BAN it , dont spread FUD pls

storeship

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

India just BANNED Bitcoin? Will BTC now crash?

It's exactly misinterpreted headlines like this that forces panic.
Read things properly and investigate before announcing such crap, they are not banning Bitcoin at all.

Trendzter

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Fake news. Read the real facts!

akhilsh6896

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First of all, India did NOT ban cryptocurrencies. It is not a legal tender meaning you can't exchange goods with cryptocurrencies.

"The government does not consider cryptocurrencies as legal tender or coin and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities, or as part of the payment system," Jaitley said according to economic times article.

tegarp90

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I think india has not really big volume on btc market so this dump is not from this news, but because of annual event of chinese new year which already made btc down since 2014

supermine

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Quote from: whoisyourking on February 01, 2018, 10:02:31 PM

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

India just BANNED Bitcoin? Will BTC now crash?

Its barely happening because of more and more country are against in bitcoin right now. in our country are not against in bitcoin but the central banks are taking action about this so lots of bitcoin users are now exiting their investment to bitcoin.

India NOT BANNED bitcoin,the news getting in the opposite direction which caused the price fall,now the price is under $9K.I think India is not against the crypto currency they also want to regulate them,the finance minister of India said that Bitcoin is never a legal tender in India and now they want to stop crypto currency usage from the illegal activities,which doesn't mean bitcoin is Illegal there.Later the official from RBI cleared the doubt that was misreported in medias.They said we continue to work hard and grow the crypto currency industry in their country because Narendra Modi the prime minister of India is always in the favour of cashless economy.

whoisyourking

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

India just BANNED Bitcoin? Will BTC now crash?

Its barely happening because of more and more country are against in bitcoin right now. in our country are not against in bitcoin but the central banks are taking action about this so lots of bitcoin users are now exiting their investment to bitcoin.

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