India just BANNED Bitcoin? Will BTC now crash?
The bitcoin was created by a Japanese citizen, and the Indian ban on bitcoins did not mean that the bitcoin was broken. Although India's population is very crowded, they did not participate too much in the Crypto market. So the Indian thing forbid bitcoin is not going to affect the value of bitcoin as you think. keep calm bro. 
Topic: India just BANNED Bitcoin? Will BTC now crash? - page 5. (Read 2611 times)
I don't think that bitcoin price will affect with the countries who had banned bitcoin, well actually I don't quite understand how does bitcoin price can low. And also this is not the first news of any single country banned btc, there are too many actually before India who had been banned bitcoin already.
bitcoin is not just for india. And we do not need to depend on india's banning of bitcoin.
Because there are more most progressive countries than india who uses the services of bitcoin.
Dont lose your hope this news is not newly to us.
Because there are more most progressive countries than india who uses the services of bitcoin.
Dont lose your hope this news is not newly to us.
FUD FUD FUD FUD alert, if this is truez then the Indian government are just trying to create fear in the market so that you all can sell your coin at a cheap. Use China as an example, China has declared bitcoin banned getting to over 5 times now, yet we still see large volume of traders springing up from China daily. This news is just to create FUD in the crypto community.
Of course, this will have an impact on the Bitcoin price. I think india has not been too big of volume in the btc market so this dump is not from this news, but because yearly chinese new year show which has made btc down since 2014
India just BANNED Bitcoin? Will BTC now crash?
I don't believe that the situation will stop bitcoin and will trump it on the ground. It maybe cause a little negative but bitcoin always recover, this is not a new trials of bitcoin from its success it is already its routine and after few months here the bitcoin again dominating the market. So whatever action of other to oppose bitcoin it will never succeed because this crypto is the future money of one world government. 
India just BANNED Bitcoin? Will BTC now crash?
enough of all these dumb questions? will have saw more than this and bitcoin is still here, if you think bitcoin will crash, sell sell sell..... This is ridiculous I heard from experts that they are going to regularize it
No, they are going to ban it completely. They will have to first pass a bill for this in the parliament, it can take a month or more.
I recon India does not pose much of a significance to the bitcoin economy based on their level of adoption so far. So ban or no ban from India, nothing much will change in the space except for those caught up in that jurisdiction. The pertinent thing to learn from the characteristics of bitcoin based on its antecedent is that even if the news were to have a negative impact on BTC, it would fight back and come out stronger, if China with all its might cannot stop BTC, then i am waiting to see that nation that will so much hurt BTC as to kill it...It ain't happening
India just BANNED Bitcoin? Will BTC now crash?
When that news spread, the prices crashed by good margin on Indian exchanges. Now prices are back to normal for all coins and thus I think BTC is also just fine.
It didn't banned bitcoin, as far as I understand they are looking to regulate, India is one of the major countries that more use bitcoin in the world.
That's how FUDs happen, making opposite story of what is reaaally stated, we must so proper reseach, don't always go un the flow make our own analysis as much as possible.
India has not banned Bitcoin yet. The Indian Finance Minister said in a meeting that rather, they are encouraging the people accepting the bid of BTC validity. That is why some people are taking different steps to prevent them from engaging in various crimes including immoral acts and frauds. Hopefully Bitcoin will now crash.
It didn't banned bitcoin, as far as I understand they are looking to regulate, India is one of the major countries that more use bitcoin in the world.
This is ridiculous I heard from experts that they are going to regularize it
people should probably have their facts before engaging in an allegation such as this. Read article not follow headlines,India Finance Ministair told that crypto will be not recognised like a legal tender.They will not accept crypto like a currency. First was hype that India legalise btc now is fud that India ban bitcoin. India need to regulate crypto, same like S.Korea is doing
India just BANNED Bitcoin? Will BTC now crash?
Nope. Even if India bans bitcoins, there will always be underground operations. It follows banning. It will only cause massive amounts of followers. One day, the Indian government will most likely lift the ban because many of its citizen is enjoying the benefits of bitcoins.
I live in India, and its not banned here. It was just announced that RBI-controlled entities, that are basically banks, should not deal in bitcoin anymore. It just means that we cannot convert out BTC to INR. Thats just it. What it doesnt mean, is that BTC is banned in India. It was clear that holders could still hold and use bitcoin, just couldnt convert it to INR anymore. Just stop posting all these FUD, it just dampens the spirit, and hurts bitcoin as the support level gets hurt after seeing this stuff.
India just BANNED Bitcoin? Will BTC now crash?
Bitcoins banment in India, could be a big challenge for bitcoin industry.For they needed to be more wise with every decision and make more ways for bitcoins popularity to grow more and be accepted by other countries. There is no chance that BTC will crash because of Indian ban. These kind of news certainly effect bitcoin price but in long run these news are nothing. Indian Government haven't banned bitcoin, and now they are thinking about launching its own blockchain. This thing has no end.
Every time we listen such sort of news, they are based on wrong facts. I might think they are just a part of propaganda that is being planned and executed over the performance of bitcoins. People can’t see this bitcoin rising up and like it is being famous and popular in such short period of time, they start hating it. For the reason only, they spread such sort of news to made bad impact. India just BANNED Bitcoin? Will BTC now crash?
This is a little unreliable information. In India, bitcoin is not prohibited. There and then, citizens use bitcoin and other crypto currency without any restrictions. It began to speak after the Reserve Bank of India recommended to other banks to stop rendering services in the crypto currency. However, the very prohibition of the crypto currency was there. Such a decision of this bank can not have a significant impact on the use of crypto currency in this country. Also, this did not have any effect on the depreciation of the crypto currency.
in my opinion, the ban will create artificial scarcity as people will be looking for other ways to acquire or sell the bitcoin they have. this scarcity will in turn increase the value of bitcoin
Jump to: