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Topic: India just BANNED Bitcoin? Will BTC now crash? - page 7. (Read 2613 times)

legendary
Activity: 2282
Merit: 1023
Only India is not a country that banned btc. Before that chaina  . Russia. Korea also banned btc. But btc still in position. Although price down a lot but still king of all crypto currency. So I don't think this is not a big deal.
The title is false, i could not find any news regarding any ban in India, It is a typical fake news and even if India ban the use of bitcoin, how the global market will get affected as i am not sure how much volume they are trading per day , but i am sure there are less users even though the population is high.
member
Activity: 174
Merit: 15
Just the government of India prohibited the cryptocurrency and they suspend to utilize Btc. They not view cryptocurrencies as legitimate delicate and will endeavor to eliminate payments utilizing Btc. They would it be able to in light of the fact that they will battle the illegal tax avoidance and the financing of fear mongering.
full member
Activity: 229
Merit: 108
They did not ban anything! Keep selling though, you won't learn until you actually lose some money. If some people wouldn't buy high and sell low the whales and traders wouldn't be making money on them.

The most likely scenario IMO is China coming out with a news that they're deciding to open regulated crypto exchanges and everyone trying to buy back before it's too late. People are so easily manipulated...
News about banning bitcoin in some countries is not new to us, it has been always a scarecrow for the avid investors of bitcoin, but it never really affect the existence of bitcoin in the market, it may affect the price, but probably not the stability of the technology and the faith of the investors, because bitcoin remains to be strong in the marketcap where it is rolling.
newbie
Activity: 56
Merit: 0
I just read a lot of topics like this about India just banned, for the fast answer to your question the answer is no still bitcoin can hold it will not crash.
member
Activity: 239
Merit: 10
No it will be not trash or it wont crash, even india has a big part in btc or really all countries that  has bitcoin in theur land has big part to btc,their are too many supporters and big alliance of btc if a country will ban a btc because just think of the crisis that China has banned btc, just look that btc increases more and more in that time so even though a country will ban btc still it cannot be crash.
full member
Activity: 1022
Merit: 100
$CYBERCASH METAVERSE
Only India is not a country that banned btc. Before that chaina  . Russia. Korea also banned btc. But btc still in position. Although price down a lot but still king of all crypto currency. So I don't think this is not a big deal.
sr. member
Activity: 434
Merit: 250
As everyone said, you don’t need to panic. Bitcoin is such a big market that it cannot be said to crash overnight, and India is not the first country to prohibit Bitcoin. I believe Bitcoin will overcome all these difficulties and then Return to the normal market.

Investigating the matter, seriously just found that no such decision has been taken yet. This news seem to be rumor to disturb the market nothing else, I believe that India being a developing country will definitely bring proper rules for crypto currency market.
newbie
Activity: 147
Merit: 0
The huge amount of cost support will not result in what you say. The short-term supervision of policies is not good, but it is good for the development of Bitcoin in the long-term.
newbie
Activity: 90
Merit: 0
As everyone said, you don’t need to panic. Bitcoin is such a big market that it cannot be said to crash overnight, and India is not the first country to prohibit Bitcoin. I believe Bitcoin will overcome all these difficulties and then Return to the normal market.
member
Activity: 168
Merit: 10
It doesn't matter, some countries now ban bitcoin and bitcoin will not fall. Bitcoin had many supporters, and many countries supporting bitcoin so i think that bitcoin will stand strong and will not fall. I believe in bitcoin, because cryptocurrency will be our future!
member
Activity: 182
Merit: 10
India just BANNED Bitcoin? Will BTC now crash?
No,because India will adopt the BTC gradually and just because its not leagle there people wont stop using it completely, as there are other uses of BTC in International market and also a kind of profitable investment too the general user in developing countries like india, hence they wont go completely towards the zero use policies instead they will gradually see the change in their own country and adapt it.
China did a similar move too but had no major outcome on the transactions .
newbie
Activity: 70
Merit: 0
India just BANNED Bitcoin? Will BTC now crash?
I don't know your source. As far as I know, India has not banned bitcoin, and the government has now accepted bitcoin, recognizing the legitimacy of bitcoin. That is good news for bitcoin.
newbie
Activity: 91
Merit: 0
It is a bad news..! but don't worry. Bitcoin is the king of crypto site. If any country banned it, there have some problem. But not so many problem.
Japan accept bitcoin on the regular market pelace..! it is also a good news for us.
So i think bitcoin will never crash.
member
Activity: 308
Merit: 10
India just BANNED Bitcoin? Will BTC now crash?

It does not matter if india will ban bitcoins because life goes on to those traders and investors. China also banned all the ico's in their country before and it affects the market just for awhile but it still manage to grow its value before december.
full member
Activity: 256
Merit: 105
If the price has gone down a bit, now everyone is talking about the death of crypto-currency and bitcoin. And everyone sells not to burn out. But there is a line below which it will not fall. When the price is attractive enough. Bitcoin will be bought again and the price goes up
copper member
Activity: 158
Merit: 1
so what) there are plenty of other places where BTC is legal
copper member
Activity: 224
Merit: 3
India just BANNED Bitcoin? Will BTC now crash?
till the end 1$ but not because of news
Even China's ban did not crash bitcoin heavily as one would have expected, not to talk of India that is just trying to find their foot in the crypto space. No significant change will impact
full member
Activity: 664
Merit: 100
📱 CARTESI 📱 INFRASTRUCTURE FOR SCA
bitcoin ban in india will not effect that much because there was not a proper method to buy sell bitcoin in india and India is not as big market as china
India may not be a big market like China but this still negatively affects the crypto market. It makes many concerned about what it can do to price the Altcoin they own so they will sell everything they own that makes the market dizzy.
member
Activity: 224
Merit: 10
Bitcoin is not dependent on only one country so if the one country has bane this the other countries are allowing bitcoin and bitcoin is the growing currency for the bitcoin community it is normally happen in bitcoin that prices fall rapidly but this all recover in the same time as well So bitcoin is good and this will be regular allow in the India.
newbie
Activity: 26
Merit: 0
That is horrifying because india is a country, leaving which no global projects had ever been successful
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