India just BANNED Bitcoin? Will BTC now crash? - page 2.

clarkgeneral86

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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.

mornabo

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Quote from: pinoyden on July 02, 2018, 08:23:38 AM

Quote from: mojacho on June 06, 2018, 06:57:13 AM

Currently there is no ban, just a misinformation here. Moreover, cryptosociety has never really relied or hoped for India's crypto industry to bloom, so I suppose even complete ban won't affect the rate much, though India has 1+ billion of potential users

i was also thinking the same way and even if it is really true that india had banned bitcoin , i think that wont still make a huge impact to the value of bitcoin because india is only a semi poor country which means there arent enough investors on them. we can only be threatend if bitcoin was banned on some major countries such as us or russia because both of these countries were said to the most number of bitcoin users when compared to other parts of the world.

I myself just heard it and it did not give me any influence, in general if the Indian users are big enough and they get the impact of the ban it will certainly have an influence on the market, but if the user is small from India, in my opinion it will not affect the price as deep

Seast

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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.

hot_ads

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The BTC has crumbled, and the price of the BTC has started to collapse since the bull market began in early 2018, and of course the market's options have continued to fall.

cepot9

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Cryptocurrency addict | Invest at your own risk.

Indian society is indeed a lot but bitcoin banned in India may only have an effect there because bitcoin users are not only from India, the world community is very much and bitcoin banned in India will not have a big effect on the price of bitcoin

finlandais

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Bitcoin is still legal in India, people are still using it but the exchange is stopped till further orders.According to me even if Indian government ban bitcoin BTC will not crash because their are many countries which are in favour of it.This will affect the growth of BTC but bitcoin has the capability to recover so keep on investing in it without believing in such fake news.

freightjoe

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Quote from: Wayan_Pedjeng on May 01, 2018, 09:47:34 AM

Quote from: ILuckyGuyI on May 01, 2018, 09:37:53 AM

It seems the decision of India about banning Bitcoin has not effected Bitcoin price too much. This kind of things will always continue to happen until Bitcoin and cryptocurrencies displace real money.

When the news first came out, it caused a crash in the exchange rates. If I remember correctly, the exchange rates nosedived from around $12,000 per coin to less than $10,000 per coin. So you can't say that it didn't had any impact on the exchange rates.

but since then we are down much much more

Pattart

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Quote from: pinoyden on July 02, 2018, 08:23:38 AM

Quote from: mojacho on June 06, 2018, 06:57:13 AM

Currently there is no ban, just a misinformation here. Moreover, cryptosociety has never really relied or hoped for India's crypto industry to bloom, so I suppose even complete ban won't affect the rate much, though India has 1+ billion of potential users

i was also thinking the same way and even if it is really true that india had banned bitcoin , i think that wont still make a huge impact to the value of bitcoin because india is only a semi poor country which means there arent enough investors on them. we can only be threatend if bitcoin was banned on some major countries such as us or russia because both of these countries were said to the most number of bitcoin users when compared to other parts of the world.

I think we don't need to look at a problem lightly, even though India is not a fertile place for the development of bitcoin at the moment, but their government policy might affect the whole of crypto market right? although there is no information or supporting facts about this thread, hopefully everything is not right, hopefully the government thinks about working together..

bitcoin31

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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.

weblouartisan

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Lets Go Adab

Quote from: pinoyden on July 02, 2018, 08:23:38 AM

Quote from: mojacho on June 06, 2018, 06:57:13 AM

Currently there is no ban, just a misinformation here. Moreover, cryptosociety has never really relied or hoped for India's crypto industry to bloom, so I suppose even complete ban won't affect the rate much, though India has 1+ billion of potential users

i was also thinking the same way and even if it is really true that india had banned bitcoin , i think that wont still make a huge impact to the value of bitcoin because india is only a semi poor country which means there arent enough investors on them. we can only be threatend if bitcoin was banned on some major countries such as us or russia because both of these countries were said to the most number of bitcoin users when compared to other parts of the world.

If india banned bitcoins then the people who are living there was very unfortunate but i think that there are still people who are holding bitcoins or other cryptocurrency in that country but they are just hiding.

freightjoe

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Quote from: jack8989 on April 08, 2018, 02:24:42 PM

Yes maybe it will have another crash due to this event, India is a big country and there are many investors in India also, losing so much investors will lead to another dump because people will sell all their Bitcoin to the markets cause they don't want to against the law.

And what then happened?

pinoyden

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Quote from: mojacho on June 06, 2018, 06:57:13 AM

Currently there is no ban, just a misinformation here. Moreover, cryptosociety has never really relied or hoped for India's crypto industry to bloom, so I suppose even complete ban won't affect the rate much, though India has 1+ billion of potential users

i was also thinking the same way and even if it is really true that india had banned bitcoin , i think that wont still make a huge impact to the value of bitcoin because india is only a semi poor country which means there arent enough investors on them. we can only be threatend if bitcoin was banned on some major countries such as us or russia because both of these countries were said to the most number of bitcoin users when compared to other parts of the world.

mojacho

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Currently there is no ban, just a misinformation here. Moreover, cryptosociety has never really relied or hoped for India's crypto industry to bloom, so I suppose even complete ban won't affect the rate much, though India has 1+ billion of potential users

biletskiy

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OMG, there will be NO Bitcoin crash. People, wait a bit, and your BTC coins will cost much more. Some of the financial experts are expecting that this cryptocurrency can grow over 20-25 thousand in 2018.

BUK2016

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

India just BANNED Bitcoin? Will BTC now crash?

Op, no single country of the world can ban Bitcoin and it effect will crash Bitcoin value significantly and if such a thing will even happen to Bitcoin it should not come from India because India is the most strongest Bitcoin and crypto currency in general power house.

Greenkarki

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Quote from: cryp24x on May 03, 2018, 04:01:57 PM

It is their loss anyway. Though it is a fact that fear is the only reason why they need to banned Bitcoin to their country. It is their right to protect what they need to protect. As for me, as long as we use Bitcoin properly and our government supports it, we are very happy.

A single country will not make Bitcoin crash. Bitcoin will always there.

Really a sad thing to hear. I know India has not banned Bitcoin but forbid exchanges from engaging crypto coins purchase. India has to realize what is really going to uplift their economy. A sad thing is, almost more than 50 percent of investors are from India and it has a good market. The leaders have to realize the need of their countries and adapt bitcoin.

cryp24x

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It is their loss anyway. Though it is a fact that fear is the only reason why they need to banned Bitcoin to their country. It is their right to protect what they need to protect. As for me, as long as we use Bitcoin properly and our government supports it, we are very happy.

A single country will not make Bitcoin crash. Bitcoin will always there.

Omegasun

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Quote from: nebiki on May 02, 2018, 09:09:47 AM

will never strike despite BANNED bitcoin india in his country. because there are still many countries that use bitcoin and enthusiasts bitcoin is also still a lot of it will never happen whose name bitcoin broke down.

It seems that the market is on the much better progress that it didn't affect too much by the banning, but it will be sad that countries were still banning this invention that can help many people.

nebiki

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will never strike despite BANNED bitcoin india in his country. because there are still many countries that use bitcoin and enthusiasts bitcoin is also still a lot of it will never happen whose name bitcoin broke down.

Bacotan Bae

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Some time ago India was the second largest user after china, but when china banned bitcoin then happened a momentary panic that could make the price drop to 30% in a week, but unique can recovery again within 3 weeks, this proves that bitcoin user very loyal and I'm sure if India banned bitcoin then it would not be too impact.

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