Is the future of bitcoin dependent on India and China? - page 2.

Dmitry.Vastov

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Quote from: Grayy on February 01, 2018, 03:01:53 PM

Recent utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.

Being the resident of India, I am very much aware of situation of BTC in my country. The finance minister of India has clearly declared that government of India has no control over BTC and they are not responsible for any kind of losses regarding BTC but still owning BTC by ur own is not yet illegal in India, one can own it at his own risk, I guess BTC should be positively advertised in India so that more and more people can understand the potential of BTC and obviously the BTC will be much affected without India and China.

Sithara007

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Quote from: bitcoinfuck on February 27, 2018, 11:15:36 AM

Quote from: Grayy on February 01, 2018, 03:01:53 PM

Recent utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.

india is with BTC, backing it up don't worry about our government, they are not against BTC, we as country has so much to worry, more important things then bitcoin.

Many of indians are now running blockchain comapnys

I am residing in India and I have to disagree with you. The Indian government is treating all the crypto-users like petty criminals. They have introduced all sorts of legislation to harass the normal users, and they on top of that they want a significant chunk of our earnings as taxes.

bitcoinfuck

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Quote from: Grayy on February 01, 2018, 03:01:53 PM

Recent utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.

india is with BTC, backing it up don't worry about our government, they are not against BTC, we as country has so much to worry, more important things then bitcoin.

Many of indians are now running blockchain comapnys

loraalbert

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I think the statement of the Indian government will have a certain impact on the value and development trend of cryptocurrency. However, I think that, like the ban from China, is still a significant accident, but cryptocurrency will continue to evolve and evolve in the future. Prices may fall in the near future and will recover.

anitayui

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No I think bitcoin not just will depend on India and China. It's true that's two country will affect the bitcoin value because they are big investor into bitcoin. Bitcoin does not depend on any country because it is decentralized, so if those country banning bitcoin there will be another country that support bitcoin.

cherrymobile

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Quote from: Grayy on February 01, 2018, 03:01:53 PM

Recent utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.

For me not really. Althoughbthey have been a huge asset towards bitcoin's success, we cannot lie that as of now bitcoin had reached a value one can say that China and India won't due any huge or at the very least cinsiderable damage tp bitcoin's price. Just like now, we can see and observe that bitcoin is recovering quickly and steadily from its losses. Which brought me to think that although these 2 countries have been a huge paticipant towards bitcoin success, bitcoin had already achieved point where losing a great asset won't damage the investment considerably.

Englebabylove

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Quote from: Grayy on February 01, 2018, 03:01:53 PM

Recent utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.

I don't think so. Bitcoin is circulating around the world, and it's not going to die because of bad news from China and India. I think Japan has a bigger impact on bitcoin than China or India.

Xester

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Quote from: Geljames28 on February 27, 2018, 10:10:08 AM

I don't think China and India could affect the future of bitcoin. Because even these two countries did not support or accept bitcoin but still bitcoin will grow and survive. It may affect the market of cryptocurrencies but it can't stop the bitcoin. Bitcoin will stay strong and will survive with or without these two countries.

I totally agree with you. Maybe people were threatened if they heard that these two countries were not supporting or banned bitcoin. Others were afraid because they thought that many of the residents there were using bitcoin because they have the largest population. If indeed they are really into bitcoin, why bitcoin price continue to goes up? It just mean that we do not actually need them.

J Gambler

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Quote from: Grayy on February 01, 2018, 03:01:53 PM

Recent utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.

They factor into the stability of bitcoin, but I fail to grasp the imagination that it revolves around them on how bitcoin would be for the few years. Grabted they are a major player here in the world, which means that they have a voice in how the economy of the world functions, but they might make a big dent or impact but if the majority of the world agrees or sides with bitcoin then these two no matter their decision will not matter and in a grander scope of things would be agreeing with the rest once this is done

Geljames28

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I don't think China and India could affect the future of bitcoin. Because even these two countries did not support or accept bitcoin but still bitcoin will grow and survive. It may affect the market of cryptocurrencies but it can't stop the bitcoin. Bitcoin will stay strong and will survive with or without these two countries.

xieqieshangu9

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The future of BTC cannot depend on China!

China's attitude towards BTC is very firm.

China's central bank has since started to study its own digital currency against the BTC!

nick_nick

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Quote from: stompix on February 01, 2018, 04:03:49 PM

I thought we were already pass the point of debating if China matters.
The price going up with all the FUD from China, with all their exchanges closing down have shown that the importance of China has vanished.

And now India? Seriously? India?
One of the poorest country on earth, with half of their population unable to afford a regular non segwit tx is going to affect the price?
Let's be honest about it, at list China had Bitmain and mining farms, India has nothing.

Just look at one small thing: Number of bitcoin nodes in India 58. Number of nodes in Lithuania 81.

I am highly in agreement with your point. India has little or no influence in Bitcoin price and cannot bleak the future of Bitcoins in anyway.

BitCoin_VNCT

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China and India are the two most populous countries in the world, so the news from these two countries is very strong

thescimitarr

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I don't think that bitcoin's future depends on any country or any goverment. Yes, any big news may affect the price of bitcoin for some time but in the long terms, it won't matter and bitcoin will decide its own future

Eleven86

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Quote from: carlisle1 on February 19, 2018, 10:32:24 AM

Quote from: Grayy on February 01, 2018, 03:01:53 PM

Recent utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.

what is india and china?are this two existing?for me?I DONT CARE..bitcoin can stand without them,and this community doesn't have any concern about youre sentiment.because all we need to do stop listening and reading news .this move is enough to get rid of something like this post

Cryto currencies do not require or depend on any countries. India has not even stabilized its fiat currency and in the intial stage of knowing crypto currency, then how come its going to affect bitcoin or any other cryto currencies growth value. Kindly avoid unnecessary /fake rumors / NEWS etc. Create a informative thread. India is planning to launch two crypto coins. Work is going on behind.

China has impacts on crypto currencies. This does not alone affect crypto currencies' growth. Lets bring out uppates and good news here on crypto currencies.

svetochka.yakovleva.93

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The future of bitcoin depends on us with you guys. If all sharply cease to participate in this, then the end of the crypto currency.

niteroy

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Quote from: Grayy on February 01, 2018, 03:01:53 PM

Recent utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.

This is not the correct statement. Bitcoin is popular and known for being decentralized and does not depend on whether its governments recognize any states or not, whether it be India or China. Even if in your country bitcoin is not recognized as a means of payment you can store it, exchange with your friends and acquaintances. Learn the very technology of transmission and storage of bitcoin, this inspires the admiration of bitcoin. The trend of recent times suggests that bitcoin will more and more be recognized by the governments of states every day and it will increasingly become a full-fledged and everyday payment tool.

canque31

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Quote from: chaukhchi on February 20, 2018, 06:50:40 PM

i think india can not affect bitcoin and bitcoin will not depend on india even if we look in india for bitcoin users fewer than other countries and for china certainly could affect bitcoin but for india bitcoin will not be affected any.

The future of Bitcoin doesn't rely on China and India, it relies on people who invested and buy Bitcoin. Not in a country but in the people we depend on. China and India can't collapse Bitcoin if they will not support Bitcoin. Still there are countries supported Bitcoin. If all of the Bitcoiners will unite success will be attain.

chaukhchi

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i think india can not affect bitcoin and bitcoin will not depend on india even if we look in india for bitcoin users fewer than other countries and for china certainly could affect bitcoin but for india bitcoin will not be affected any.

sensei stupid

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I do not know for sure about this, we hope with no india and china kirpto will still survive in the future. yes although we know India and China including countries that contribute greatly in the world of crypto. but what is our power. hopefully not really destroy Bitcoin.

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