Topic: Price After Indonesian Ban - page 2. (Read 862 times)
Maybe for a moment it well affect the price of bitcoin but just a little but it will still recover since there are other countries that are starting embracing the cryptocurrency and legalizing it.
I can't see this having any effect on the price at all.
We're higher than we were since the China ban.
We're higher than we were since the China ban.
All comments Say countries Ban will never effect in Bitcoin price So why when China BAN bitcoin price down more than 16 days 
China was a massive player in the pre PBOC action days, where people till this day still think China is a very important factor when it comes to Bitcoin. The market went down, but it has gone up again to even higher levels.I think this was the push the market needed, because Chinese exchanges not being part of the game anymore, means that whatever regulations against them will not affect the overall market anymore.
It wasn't coincidence that each time the price went up in a decent manner, the Chinese government stepped in and forced through certain regulations that on their turn were constantly affecting the overall market negatively.
It was a relief to see Chinese exchanges not being active, but they will slowly make their comeback. Huobi is the first to kick things off, and I'm sure that it won't take long before other exchanges show up as well.
Some news Came from Indonesian say
Are this news if be right will effect in Bitcoin price
Source https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
Quote
The head of Bank Indonesia, Indonesia’s central bank, has threatened action against bitcoin adopters if the cryptocurrency is used as a method of payment.
Are this news if be right will effect in Bitcoin price
Source https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
I do not know if this is the correct news or not. Not long ago, I read a news article, and it says that indonesia is a very bitcoin-friendly place. This is ridiculous, I think we need to verify its accuracy.
There isn't going to be any effect on the price, Indonesia is not a big customer of bitcoin by globally charts, they are not even a 1% of all the bitcoin usage all over the world, it is not going to affect anything.
There are been some little countries that did the same, and the price haven't move a single penny after those kind of news.
So stop creating fud, or at least, stop believing on them, because a lot of new users in here are feeling tempted to sell before this "ban" is released.
There are been some little countries that did the same, and the price haven't move a single penny after those kind of news.
So stop creating fud, or at least, stop believing on them, because a lot of new users in here are feeling tempted to sell before this "ban" is released.
I think it will increase price..there are very low chances of getting value down because of this
Some news Came from Indonesian say
Are this news if be right will effect in Bitcoin price
Source https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
I guess if that country is banning bitcoin, I'm sure it will not have a big effect on bitcoin prices. Furthermore the news in that news quote only ban to be used of payment method and does not ban to use. In that case it means people in that country can still have bitcoin but with record, no support from the government and also government in that country does not say bitcoin is illegal. Quote
The head of Bank Indonesia, Indonesia’s central bank, has threatened action against bitcoin adopters if the cryptocurrency is used as a method of payment.
Are this news if be right will effect in Bitcoin price
Source https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
This news might not effect bitcoin's price just like how news about arrest in Nepal came out earlier this month hadn't affected the market. Indonesian crypto market is comparatively very small from what I know so it can't affect the price globally. But it is true that it will be hard for indonesian people to trade/sell their bitcoin for fiat and vice versa because of fear of getting caught by authorities. 
We want bitcoin to get regulated not to be banned completely without any logical reason.
We want bitcoin to get regulated not to be banned completely without any logical reason.
Some news Came from Indonesian say
Are this news if be right will effect in Bitcoin price
Source https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
Quote
The head of Bank Indonesia, Indonesia’s central bank, has threatened action against bitcoin adopters if the cryptocurrency is used as a method of payment.
Are this news if be right will effect in Bitcoin price
Source https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
The central bank of Indonesia which isn't controlling Bitcoin threats to ban it. Seems logic
And they don't like to see the cryptocurrencies used as a payment method? What should it used to be? A food?
Even the food was used as a currency in order to trade it with clothes,....etc!
I think it will increase price..there are very low chances of getting value down because of this
This is like what happen when China decided to ban bitcoin it makes so much noise and speculation that bitcoin will soon die or will be dropping very low but it did not happen instead the value keeps appreciating and reach $6000. I don't Indonesia will ever make a difference with the pricing or it will not affect to bitcoin appreciation what was happening to bitcoin is just a normal fluctuations and no country will ever affects it
Well, I've read it, in fact, they do not forbid bitcoin to be in Indonesia, but prohibit if bitcoin is used as a tool for transactions in a trade or other. I feel the Indonesian government will not ban bitcoin. They claim to use the only fiat to transact. Indonesia has no effect whatsoever so it can't be like Chinese which makes bitcoin prices drop drastically
Exactly, this is how I interpret the news. They are not banning bitcoin but gives warning or prohibits the used of bitcoin as payment method. So its not a outright ban just like China did. Well we have such a big Indonesian community here so I guess some of them will continue to do trade with bitcoin because it is really unstoppable now. We have gained so much momentum that no country can pull back what he have accomplished so far. So they can do whatever they want but as far as we are concern, their will be no dent in the price, maybe a minor price dip but it will be just temporary. And for Indonesian's who are earning through bitcoin by signature campaigns or trading, I think you can still continue because its not a banned but most likely the government just issue warnings about the implications of using bitcoin.
Well, I've read it, in fact, they do not forbid bitcoin to be in Indonesia, but prohibit if bitcoin is used as a tool for transactions in a trade or other. I feel the Indonesian government will not ban bitcoin. They claim to use the only fiat to transact. Indonesia has no effect whatsoever so it can't be like Chinese which makes bitcoin prices drop drastically
Currently Japan and South Korea are still the lead who had the biggest bitcoin global market in the world so Indonesia will not affect to much as I know their global market transaction still less than 1 % it means that who own or trade bitcoin in Indonesia, still less than 1 million people
I doubt any ban by Indonesia will do anything, I can’t imagine that much bitcoin trafing/use even goes on there. Even China couldn’t keep the price down for long so Indonesia won’t.
Even if the information seems true, we won't be experiencing any sort of big price crash or something similar to that, because Indonesia has a growing market whereas China holds a grown market. Recently China's issue itself didn't affect the bitcoin, so this time Indonesian ban too won't affect the growth. 
Why would anyone give the slightest shit about Indonesia?
And the only people who can ban anything are parliaments. Central banks have no power over this type of thing. All they do is bank.
And the only people who can ban anything are parliaments. Central banks have no power over this type of thing. All they do is bank.
From this thread I knew that they just pan to start the action against of bitcoin, but there is no necessary legislation to it would be like it should to be. For now it's only words, which we shouldn't scare and start to panic.
I doubt any ban by Indonesia will do anything, I can’t imagine that much bitcoin trafing/use even goes on there. Even China couldn’t keep the price down for long so Indonesia won’t.
They can do whatever they want, there are other countries that will accept bitcoin
" In his embracive approach to bitcoin, Bangko Sentral ng Pilipinas (BSP) deputy director Melchor Plabasan :
"It’s like any other monetary instrument [and even] an investment instrument. There are risks but essentially, it can be managed. If you want something that is fast, near real-time and convenient then there’s the benefit of using virtual currencies like bitcoin."
In August, the Australian government regulated the bitcoin industry for the first time. This week, new draft laws that offer an easier path for FinTech startups and initial coin offerings (ICOs) into the market has been proclaimed as a “game changer” by Australian Treasurer Scott Morrison. "
they are worried about their political system, seeing many people make money freely is not something that all governments want
" In his embracive approach to bitcoin, Bangko Sentral ng Pilipinas (BSP) deputy director Melchor Plabasan :
"It’s like any other monetary instrument [and even] an investment instrument. There are risks but essentially, it can be managed. If you want something that is fast, near real-time and convenient then there’s the benefit of using virtual currencies like bitcoin."
In August, the Australian government regulated the bitcoin industry for the first time. This week, new draft laws that offer an easier path for FinTech startups and initial coin offerings (ICOs) into the market has been proclaimed as a “game changer” by Australian Treasurer Scott Morrison. "
well they are scared of the risk involving Cryptocurrency payments...
they are worried about their political system, seeing many people make money freely is not something that all governments want
Correct, there are many countries that accept Bitcoin just like they do with credit cards and PayPal. Other countries fear it and want to stop it.
There is nothing inherently bad about cryptocurrencies so the will of the people will eventually prevail. The countries that lag behind will eventually have to accept it or miss out on innovation. They can’t really stop a grassroots movement that has almost 10 years of momentum.
It's a bit complicated in my opinion,
Slowly the banker pressed Bitcoin adaptors to not use their coin to do the trade,
They said will make a move if Bitcoin adaptors use it as their payment method,which mean they're openly fight against it and they want to remove it slowly by saying it.
What will happen if Bitcoin can not be used in a real life ?
Indeed there'll be another country will accept it,but i am sure there will be another one who will be doing the same like this one.
Well at least it's not determined yet by the goverment,which mean it has a possibility to get used by people if it can show them its value and function.
The main problem is not about them,but the banker slowly made a move and prevent other people to use it.
Slowly the banker pressed Bitcoin adaptors to not use their coin to do the trade,
They said will make a move if Bitcoin adaptors use it as their payment method,which mean they're openly fight against it and they want to remove it slowly by saying it.
What will happen if Bitcoin can not be used in a real life ?
Indeed there'll be another country will accept it,but i am sure there will be another one who will be doing the same like this one.
Well at least it's not determined yet by the goverment,which mean it has a possibility to get used by people if it can show them its value and function.
The main problem is not about them,but the banker slowly made a move and prevent other people to use it.
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