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Topic: Is the future of bitcoin dependent on India and China? - page 5. (Read 609 times)

member
Activity: 114
Merit: 13
I don"t Think that bitcoin's future dependent any country or any goverment . If the bitcoin will be usued in all the other country of world India and China will not have a chance expect legalizing the use of bitcoin .
You're right, Bitcoin does not need to rely on any country or government, it needs is demand, if no one is willing to use and invest bitcoin, bitcoin will not survive, the biggest feature of bitcoin is its technology, founded the first to encrypt money, China is now in the study of bitcoin phase, bitcoin is still promising to legalize in China.
sr. member
Activity: 658
Merit: 250
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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 one of the largest cryptocurrency users in the world. the remarks of India's finance minister reduced the price of cryptocurrency. but it is really just a media game that raises the problem for no fundamental reason. so fear and panic sell become increasingly unrestricted.
it must be only temporary and not lasting long, because btc will return to normal.
hero member
Activity: 924
Merit: 502
Bitcoin does not depend on any country, because it is decentralized and has no binding to any state. Negative information on the crypto currency, coming periodically from different countries, including from China and India, only for a while can affect the course of bitcoin, but it can not affect its future. The future of bitcoin will be directly affected by how quickly it will improve and eliminate its shortcomings. This is just in bitcoin is not observed.
I agree on that mate the bitcoin is not depending on one or two more countries because it is decentralized  and it can be use in a different country so then we  cannot really day that this bitcoin will depend on india and chine because even if those country is banning butcoin thee will be another country that support on it.
member
Activity: 420
Merit: 14
Bitcoin does not depend on any country, because it is decentralized and has no binding to any state. Negative information on the crypto currency, coming periodically from different countries, including from China and India, only for a while can affect the course of bitcoin, but it can not affect its future. The future of bitcoin will be directly affected by how quickly it will improve and eliminate its shortcomings. This is just in bitcoin is not observed.
member
Activity: 110
Merit: 16
I do not think so because India and China are actually reluctant to encrypt the development of money due to the government's religious reasons. This is detrimental to them and they can not control bitcoin. For China, they think people will adopt this method To divert property, especially corrupt officials, so they have never been approachable of bitcoin.
sr. member
Activity: 1400
Merit: 273
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.

The future of cryptocurrency is not in the hands of these countries. These countries may vanish but they will not be bringing crypto with it. Of course, the market of cryptocurrencies will be affected with such government decisions because we all know that India has so many people and a portion of these huge population is into crypto. But there is not just a handful of countries where crypto is allowed. There are a great many of them and these are the more developed ones.
newbie
Activity: 378
Merit: 0
I think that these two countries will affect the bitcoin value because they scare the investors. We should know that bitcoin does not actually require a legality permit from the government because of its independence, but the attack is the price that makes investors withdraw the funds. I'm sure some bitcoin investors are someone who has a big influence in the world, so bitcoin can get through the tough times faced now and be glorious again in the future
newbie
Activity: 77
Merit: 0
China ban may have affected local investors but still china hold the major part of bitcoin share mining and tokens and ico coins so China will forever stay in market with major share
jr. member
Activity: 84
Merit: 3
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.
Contribution of Japan most than India or China because regulators in Japan a little of softer i think it's waves of blood not from goverments but from payments system
 


How do you think about this news?
https://www.bloomberg.com/news/videos/2018-01-26/japanese-bitcoin-exchange-loses-hundreds-of-millions-of-dollars-video

Even the Japanese state that legalize bitcoin, which states bitcoin as one of their currencies other than Yen, and has an agency that protects bitcoin consumers could lose $ 400 million on January 2018 ago. It is not impossible that Japan will also ban bitcoin sometime in the future, the more the list of countries that ban bitcoin, it will be difficult for bitcoin to survive
newbie
Activity: 27
Merit: 0
India is major country for bitcoin development it will be major for bitcoin movement
sr. member
Activity: 532
Merit: 250
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no but if both countries ban bitcoin then it will be a problem for a short time.
member
Activity: 606
Merit: 10
India and Chine is both country have banned bitcoin, but the bitcoin future is not depend on their country hand, the bitcoin will be can stand by their self and many people will be interesting for join bitcoin and buy the bitcoin. last few day India have banned the bitcoin is not big problem for bitcoin, just keep and wait for several week bitcoin price will be in the high price in several week later,
member
Activity: 120
Merit: 21
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 do not think this Indian country will have a significant impact on Bitcoin, but China can influence Bitcoin because China has a large population and fast economic growth. As far as I know, there is currently no explicit ban on bitcoin in China,I think Japan and South Korea's contribution to Bitcoin and the impact is greatest.
member
Activity: 238
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I think there will still be many countries accepting bitcoin without these countries.
These countries' comments can only affect the price of bitcoin in the short term, which has no mandate for the long-term development of bitcoin.
Countries that ban bitcoin are foolish.
sr. member
Activity: 966
Merit: 250
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'm a little surprised by what you say  Grin Cheesy. Do not you try to find a lot of information about bitcoin and its future. which country has the largest population involved with bitcoin?
India? I think not, only a few Indians are involved in bitcoin. this is seen from the level of living standards in their country. see japan, almost all people have independent life. this is a big difference. so india and china are the past of bitcoin and other crypto.
full member
Activity: 266
Merit: 122
No, bitcoin future does not depend on any country, it will continue to grow and appreciate even without China nor India its just that these countries especially China has big population that demand might be affected if these country will no longer support bitcoin exchanges, but even though bitcoin can still be useful and appreciative in the future, besides there are still lot's of countries who support and use it.
full member
Activity: 812
Merit: 101
if bitcoin want to normal again and stable quickly and the good future, I think it's not just china and india who have to do good to bitcoin, but all countries should be able to accept bitcoin. especially china, because china is the biggest crypto trade center.

although the state does not legalize bitcoin, but letting bitcoin also is enough. and if all countries are willing to accept bitcoin and manage it well, bitcoin will benefit and improve their economic center.
member
Activity: 196
Merit: 12
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If we "speak" of future, it's hard to tell. Currently they play a huge role, but i dont think that will last. Their very government threatens its existence on their territory, which disables them from competing against other emerging countries. I think you should look at power prices in different countries. Whichever country who offers the cheapest power will probably be a big influencer of crypto in the future. 
newbie
Activity: 112
Merit: 0
I dont think bitcoin future dependent on any country or government . Because bitcoin is fully decentralized and its never depend any country or government .
full member
Activity: 175
Merit: 103
The existence and future of Bitcoin does not lie in the hands of any one country. 

If China and India block the Bitcoin network, bitcoin will indeed be affected for a short period of time, but the system's power is automatically tuned and will soon reduce the difficulty of adaptation. So the future of Bitcoin is not entirely dependent on India and China.
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