Topic: Is the future of bitcoin dependent on India and China? - page 3. (Read 609 times)
The truth is that Bitcoin is not dependent on any country. At present, China and India are the 2 largest cryptocurrencies in the world. At some point, the cryptocurrencies will be affected by events coming from these two countries. The Chinese New Year, for example, has made the cryptocurrencies fall sharply in the past two weeks, causing the Bitcoin exchange rate to fall to $ 6,000.
China contribute a lot with btc, so I can say that there are lot of big whales in China with just my expectations.
China has been nothing but an obstacle to Bitcoin's market throughout the years. On top of that, the entire industry has been trolled big time in believing that China was such an important factor, or even the center of Bitcoin as some people were thinking it was. Don't get me wrong, due to China's massive number of inhabitants it's a *potentially* great market for Bitcoin, but regardless of that, it didn't actually show anything of positive nature. If China was that big of a deal, the market would absolutely plummet to the lowest possible bottom, which it didn't. Instead, the market performed better than ever before without the 'contributions' of Chinese exchanges.... Current growth is very decently distributed over many countries in various continents, which means that one country being a problematic factor won't and shouldn't be able to take the market down with it. Be happy with that.
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.
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.
In my own thought bitcoin is not depend only in china and india,because its depends on the entire community of all over the world who belongs into cryptocurrency .if those country would not continous support in digital currency because they want to make there own like china,will thats there problem if the entire community of the blockchain should not consider there coins and not recognize them as part of the cryptocurrency exchange,while about india those news that in there country there government banned bitcoin thats only a FUD.
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.
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 agree on it. India cannot affect bitcoin value. Many investors are from other countries like Japan, South Korea, US Canada and many more that they contribute the growth of bitcoin because they using digital currency. The issue about China is not new to us. It may affect but not that much. Many investors still really want to invest bitcoin as well.
Bitcoin is dependent on the miners, where are the miners mainly located in asia region in my opinion and the region of asia is getting powerful everyday on mining so they are influencer on cyrpto market in my point of view.
The future of bitcoin in China or india is not deduced because it is the person who will handle it. because of the bitcoin when you take care of it or take pride in its future future when it grows or becomes known, of course, if you're proud of the one who knows it and will rise abroad and then the base of bitcoin's future.
Suppose in today's economy practically all countries somehow more or less depending, from China politicians...
For me, India and China actually do not encrypt the development of money for religious reasons. This can be detrimental and they can not control bitcoin. For the Chinese country they think people will adopt this method to transfer property especially corrupt officials so they can never be approached with bitcoin. 
Many countries declared themselves against bitcoin but they can not dictate the bitcoin's future. I don't think India and China will ever kill bitcoin
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 government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.
That's damn near half the world in terms of population. China, yes. India, no.
China is the biggest player but Bitcoin's not big in India.
yes I agree with you, what we need to worry about is chinese, because china is one of the biggest contributor in bitcoin. but in the past year China has also given a considerable threat to bitcoin, but its result is bitcoin still going forward and bitcoin price is increasing.China is the biggest player but Bitcoin's not big in India.
Bitcoin is an decentralized currency so it doesn't depend on any governments but there are the two most largest populated countries of the world so their ban may affect the bitcoin price but can not stop using them.But still even their government bans the bitcoin the users can use it and there will be no problem unless they convert them it into fiat.
But I don't think India is against the bitcoin that was a fake news created by the bitcoin haters now india is in the process of regulating the crypto currency since they are linking identification to the local exchanges.
But I don't think India is against the bitcoin that was a fake news created by the bitcoin haters now india is in the process of regulating the crypto currency since they are linking identification to the local exchanges.
no big deal if the banned bitcoin is in india and china. if japan started to banned bitcoin, then this would be a big problem. japan which is a country that said " finds bitcoin" closes bitcoin, then other countries would also question about crypto and crypto would surely be lost.
I want to clarify one thing India not banned Bitcoin but they will not accept bitcoin as the payment mode. The media people are spreading a fake news like India banned bitcoin. and in India crypto trading is legal but you have to pay tax to governament.And Bitcoin is not under control of just 2 countries. all over the world bitcoin investors are there suppose these 2 countries banned Bitcoin it will more affect Bitcoin future.
IMO, Bitcoin price is not dependent on only China and India. When there are fuds going on, Bitcoin price is affected. I believe if the fuds are about other countries, the price will still get affected.
A large number of people use bitcoin directly in China, but since many exchanges are in the vastness of the Chinese Internet, it will partly depend on them bitcoin future.
The future of bitcoin does not depend solely on the demand of India nd China. The market of bitcoin depends on the supply and demand of the whole users. However it can't be denied that the two mentioned countries are ine of the biggest user if crypto. And on the other hand, bitcoin is gaining popularity all over the world so if one country backs out it won't diminish the existence of cryptocurrency.
Exactly, maybe because there are large numbers of users located in both the countries that's why he asked about this. It really depends to us, the users who affects the supply and demand of it. 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.
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 agree on it. India cannot affect bitcoin value. Many investors are from other countries like Japan, South Korea, US Canada and many more that they contribute the growth of bitcoin because they using digital currency. The issue about China is not new to us. It may affect but not that much. Many investors still really want to invest bitcoin as well.
That's damn near half the world in terms of population. China, yes. India, no.
China is the biggest player but Bitcoin's not big in India.
yes I agree with you, what we need to worry about is chinese, because china is one of the biggest contributor in bitcoin. but in the past year China has also given a considerable threat to bitcoin, but its result is bitcoin still going forward and bitcoin price is increasing. China is the biggest player but Bitcoin's not big in India.
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 in circulation all over the world. Although China and India have a great influence on bitcoin, it does not determine the development of bitcoin. I think Japan has more influence on bitcoin than China or India. government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.
no big deal if the banned bitcoin is in india and china. if japan started to banned bitcoin, then this would be a big problem. japan which is a country that said " finds bitcoin" closes bitcoin, then other countries would also question about crypto and crypto would surely be lost.
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