Topic: India just BANNED Bitcoin? Will BTC now crash? - page 6. (Read 2613 times)
Is it true that india banned bitcoin? If so it will effect the bitcoin for some time . Bitcoin is not going to crash
India just BANNED Bitcoin? Will BTC now crash?
Wrong question. BTC is already crashing - the only thing that can be debated is how fast or slow the downturn will be
India just BANNED Bitcoin? Will BTC now crash?
This is not the first news about the Bitcoin ban, why should it be a disaster? Moreover, they want to introduce blockchain technology into the banking system. I believe that the decline in bitcoin prices is not at all because of this!
That's right. Also, you should take note that many ICOs originate from India. Therefore, them banning it would be a bigger blow to them that it is to other users in the world. Therefore, I don't that's going to last. I see it similar to how China did before. They banned Bitcoin due to their personal aim of introducing their own cryptocurrency and to support those cryptocurrencies originating from their country. It's an up-and-coming market, so I don't think that it's a smart move to walk away from it, and I know that they know that.
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.
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.
This is nothing new and this news is not going to have any impact on bitcoin price because Indian government is very stick about this from start and they never encourage peoples to involve in this and its not going to hurt too much peoples in this country as they still enjoying with this and doing trades also as government cannot trace peoples and they can exchange this with some other digitle currencies and can cash them in local currency very easily
India just BANNED Bitcoin? Will BTC now crash?
Bitcoin is not being banned in India. This is just being wrongly projected in media. If you listen to the indian budget , you will clear see that he is talking about bitcoin will not be regulated in India. This does not mean it will be banned in India. It was not regulated before and it will not be regulated now. So nothing much has changed but the FUD caused a lot of panic selling at that time a month ago.
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.
If you look at how many people india has you will say bitcoin will crash without doubt but if you look after that at how bitcoin market act in the last few years you will say we will never know .
India just BANNED Bitcoin? Will BTC now crash?
at this time the price of Bitcoin dropped considerably compared to the price a few months ago.I do not expect this to happen but the fact that India is helping Bitcoin makes the price of Bitcoin down. However I hope Bitcoin prices will recover.
These bad news everywhere, they give the opportunity for big players to be able to redeem cryptocurrency at lower prices when they fill their pockets the market will grow and we will only see the good news)
today - banned, tomorrow - will dilute. Do not believe the rumors ever. Big players are buying media. It works very well for them
And I dont think this banning of bitcoin from different countries will caused it to crashed and die the cryptocurrency market is too strong to collapse its only a fud and whales are profiting with it from panic selling from weak hands.
In addition, it should be understood what part is forbidden. Do not be easily provoked headlines, we must understand the contents. It could be prohibited only use as a means of payment or other. 
They haven't banned it. They brought some new regulations to how bitcoin works under their legislation. I think this will cause ntc to rise in the long run...
The Indian government is not fully banning Bitcoin. They can therefore reduce the illegal money transition that comes with Bitcoin, so they have made new rules on Bitcoin so that the government can bring a reduction in people who use illegal money in their country. But some people think the Indian government has banned Bitcoin. The people using Bitcoin are selling their coins at a lower price. Despite all these rumors, Bitcoin's market may be down slightly but Bitcoin may not crash completely
India is not now a country that can affect the course of development of the crypto world! Why not write that other countries are more and more opening their doors to bitcoin? !! Serious crypto organizations and miners are leaving China today! Soon such countries as China and India will not affect the development of the crypto world
And I dont think this banning of bitcoin from different countries will caused it to crashed and die the cryptocurrency market is too strong to collapse its only a fud and whales are profiting with it from panic selling from weak hands.
In India was have launched a cryptocurrency trading platform Coindcx in the midst of regulatory uncertainty.. Sumit Gupta the founder and CEO of a new Indian digital currency exchange Coindcx wants to give India’s thriving blockchain community a chance to stay alive and give it the strength to keep pushing for progress.
Source: https://news.bitcoin.com/coindcx-launches-indian-crypto-to-crypto-exchange-amid-regulations/
Source: https://news.bitcoin.com/coindcx-launches-indian-crypto-to-crypto-exchange-amid-regulations/
It will depend on how community members will spread the news. If they spread the news with bad intentions for weak hands to panic and sell, then the market will crash again but if they encourage people to hodl despite the recent ban of cryptocurrencies in some countries, then the market will keep in shape. Still not fount the article where bitcoin is banned in India yet though.
I have read the article too and to my understanding they did not cited out that Bitcoin will be banned in India but rather eliminate the usage of cryptocurrencies in criminal cases because these digital currencies are untraceable which is true. There has not yet any solid confirmation with the banning of cryptocurrencies but we'll see in the next few months if it will be implemented and if so then bitcoin for sure will dip down again.
Even if it is banned, Since there's a lot of people using bitcoin and to let go interest for them is hard. It will never destroy until its price goes to 1$ or decrease more. Not only India, But other countries like china, and south Korea also did the same they banned the use of ICO. But bitcoin don't crash. It survive and become number one in crypto list .
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