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Duzter

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Quote from: ankit10 on May 02, 2019, 10:50:36 PM

Quote from: felicita on April 28, 2019, 09:15:47 AM

i guess india is one of the corruptest country's world wide.
I visited this country once .... and sure the government dont want bitcoin at all Cheesy

regards

You are wrong, India is not even in the top 10 or 20 of most Currupted countries in the world.
Check here
https://www.ranker.com/list/the-most-corrupt-countries-in-the-world/info-lists?page=2
https://www.transparency.org/news/feature/corruption_perceptions_index_2017 (you may find more information here)
https://en.wikipedia.org/wiki/Corruption_Perceptions_Index

Government of India should find the way to legalized the Bitcoin rather than Banning bitcoin. And I personally think the Indian Government will not Ban Bitcoin. They are just avoiding Bitcoin now because of Election. We may find positive news regarding Bitcoin after Election.

Indian government have formed teams to investigate the needs of bitcoin and blockchain technology for the future development. India is one amongst the corrupt country in the world, but they were not at all against the technology development. Another thing if the politicians were much aware and have known about the possibilities of money laundering surely India could've legalized bitcoin.

ankit10

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Quote from: felicita on April 28, 2019, 09:15:47 AM

i guess india is one of the corruptest country's world wide.
I visited this country once .... and sure the government dont want bitcoin at all Cheesy

regards

You are wrong, India is not even in the top 10 or 20 of most Currupted countries in the world.
Check here
https://www.ranker.com/list/the-most-corrupt-countries-in-the-world/info-lists?page=2
https://www.transparency.org/news/feature/corruption_perceptions_index_2017 (you may find more information here)
https://en.wikipedia.org/wiki/Corruption_Perceptions_Index

Government of India should find the way to legalized the Bitcoin rather than Banning bitcoin. And I personally think the Indian Government will not Ban Bitcoin. They are just avoiding Bitcoin now because of Election. We may find positive news regarding Bitcoin after Election.

shesheboy

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Quote from: yusupjatigumilar on April 29, 2019, 06:44:57 AM

Maybe they judge bitcoin ponzi scam because they have a bad experience in making transactions, for example they make mistakes when making large amounts of transactions so that the funds they have are lost and not returned

All of us do mistakes when we were new on using bitcoins but that is only a human error . if we are careful on what we do we cannot make the same mistakes again . its enough reason to ban cryptos .

Quote from: yusupjatigumilar on April 29, 2019, 06:44:57 AM

or they see only from the negative side used by fraudsters to get money in the form of bitcoin.

You mean criminals used bitcoins ? but what about fiats ? All cryptos are also being used by criminals . i dont think that criminals will used bitcoins at all times because its not easy to use bitcoin and bitcoin is still new .

Quote from: yusupjatigumilar on April 29, 2019, 06:44:57 AM

So they judge only from the mistakes they made themselves and the criminal actions of others without wanting to see many positive sides.

Yes . they only see the negative side of bitcoin but they dont consider the advantages or the benefits that bitcoin could possibly bring to their people .

jak3

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I have no words these people are not gonna let us enjoy the trend. I mean it's ok they are scared to try out a new system which is not anything like their 500years old faint currency. I mean they are maybe seeing it like the first time early men saw fire. we can't help them if they think they are doing the right thing then I have nothing to say, I am an Indian and I am ok with whatever their decision is [i am not gonna quit trading though].

DoublerHunter

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Quote from: Yamifoud on April 29, 2019, 06:54:35 AM

Quote from: crzy on April 29, 2019, 06:45:30 AM

Many news like this before, its really sad to hear the news of every country who are planning to ban bitcoin.
Indian government are quiet strict on this one and it can be hard for the hodlers if bitcoin totally ban on India, there might be insufficient knowledge about bitcoin or they just really want to control their people. I'm lucky that I live in a place where government have no care at all and they just let people to chose where to put money, I hope India will be more knowledgeable about bitcoin so they can't ban it.

There is no hope for crypto in India if their leaders never wanting it. I know a lot of Indian's members in this forum but isn't quite enough to push their government for making decision regarding of crypto acceptance. It gives a devastating effect into the life of every crypt members in India and it makes them down cause they can never used it once finally banned.

India before was denying to used cryptocurrency aside from XRP where is it is centralized coins. Now, they think that bitcoin is a Ponzi scheme. Well, that is their loss not of us. People in India can continue to use bitcoin if the used VPN, it can easy for them to bypass the rules by their government. Nevertheless, Indian members here in forum nothing can do is just obey their rules that they implement by the lawmakers.

Juggy777

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Quote from: SwayStar123 on April 28, 2019, 06:05:57 AM

Its quite sad, I have been using bitcoin for 3 years now but because of the crash, bitcoin has been labeled a ponzi scheme and there are plans to ban it in india Sad

https://coingape.com/indian-lawmakers-call-ban-bitcoin-cryptocurrency/
https://www.ccn.com/why-indias-bitcoin-ban-could-disappear-after-march-29-hearing

edit: Im Indian

This is a sad news for all bitcoins users who live in India and I’m surprised by their decision to ban bitcoins, cause many of my Indian friends told me they would regulate it and not ban it. After reading those links I feel the Indian government has completely failed to understand what bitcoins is, and their reasons for banning it are invalid and should be challenged. They should look towards Japan model of regulating bitcoins, as that would create a new income source for the Indian government.

Yamifoud

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Quote from: crzy on April 29, 2019, 06:45:30 AM

Many news like this before, its really sad to hear the news of every country who are planning to ban bitcoin.
Indian government are quiet strict on this one and it can be hard for the hodlers if bitcoin totally ban on India, there might be insufficient knowledge about bitcoin or they just really want to control their people. I'm lucky that I live in a place where government have no care at all and they just let people to chose where to put money, I hope India will be more knowledgeable about bitcoin so they can't ban it.

There is no hope for crypto in India if their leaders never wanting it. I know a lot of Indian's members in this forum but isn't quite enough to push their government for making decision regarding of crypto acceptance. It gives a devastating effect into the life of every crypt members in India and it makes them down cause they can never used it once finally banned.

crzy

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Activity: 2128

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Many news like this before, its really sad to hear the news of every country who are planning to ban bitcoin.
Indian government are quiet strict on this one and it can be hard for the hodlers if bitcoin totally ban on India, there might be insufficient knowledge about bitcoin or they just really want to control their people. I'm lucky that I live in a place where government have no care at all and they just let people to chose where to put money, I hope India will be more knowledgeable about bitcoin so they can't ban it.

yusupjatigumilar

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Maybe they judge bitcoin ponzi scam because they have a bad experience in making transactions, for example they make mistakes when making large amounts of transactions so that the funds they have are lost and not returned, or they see only from the negative side used by fraudsters to get money in the form of bitcoin. So they judge only from the mistakes they made themselves and the criminal actions of others without wanting to see many positive sides.

erikalui

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Not surprising to see people here abusing India for banning bitcoins but last I heard that most countries have had the same thoughts about bitcoins and crypto so all are the same ****** countries then?

Indian Govt. doesn't want to regulate the currency as it's almost impossible to track down the source and because many people are evading taxes, the currency is being blamed. I don't know whom to blame as I have met many lawyers who hate cryptos so it's unfortunate to change these people minds when there are many cases involving cryptos due to its anonymity.

creeps

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Quote from: kotajikikox on April 28, 2019, 04:34:11 PM

Quote from: SwayStar123 on April 28, 2019, 06:05:57 AM

Its quite sad, I have been using bitcoin for 3 years now but because of the crash, bitcoin has been labeled a ponzi scheme and there are plans to ban it in india Sad

https://coingape.com/indian-lawmakers-call-ban-bitcoin-cryptocurrency/
https://www.ccn.com/why-indias-bitcoin-ban-could-disappear-after-march-29-hearing

edit: Im Indian

Sorry for bitcoin ethusiasm in indian country this is another lonely news, some people didn't know the important of new digital money thet accuse a fonzi schem because their volality.

I think the government official of india isn't understand well of bitcoin how its run as new form of money give opportunity for those people jobless.

That's normal until now, honestly a lot of people think that bitcoin is just another ponzi scheme and that's why they are not investing. India with a huge population should consider this as a great opportunity for their people to grow and make money, study further and the government will realize it. India will not ban bitcoin, let's be positive and don't feel discourage to own bitcoin because they can't stop it even if they banned it.

maydna

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I think we could let them think like that because we cannot force them to accept bitcoin or change their mind that bitcoin is not a Ponzi scheme. I am sure that if they can prove by themselves about the truth of bitcoin, they will accept bitcoin and even they will use bitcoin as one of the payment systems. It's all about time, and soon, they will realize that the present of bitcoin now is trying to help their people and the other people from the other country. Let them find the truth and meanwhile, we could continue our journey to collect more bitcoin.

pushups44

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Quote from: Yakamoto on April 28, 2019, 11:19:05 PM

Quote from: Siren on April 28, 2019, 10:29:43 PM

Quote from: SwayStar123 on April 28, 2019, 06:05:57 AM

Its quite sad, I have been using bitcoin for 3 years now but because of the crash, bitcoin has been labeled a ponzi scheme and there are plans to ban it in india Sad

https://coingape.com/indian-lawmakers-call-ban-bitcoin-cryptocurrency/
https://www.ccn.com/why-indias-bitcoin-ban-could-disappear-after-march-29-hearing

edit: Im Indian

Do your government not getting tired of issuing bitcoin?after that Rural Bank of India(RBI) issue then here again another stupid propaganda?
Arent your government contented on what they are suing this great currency?

I guess the better way to stop this is not giving attention to their stupidity and just do what is available ON your country

Keep in mind that India still has a caste system, there is a legitimate concern that there are people at the top of their government which are interested in keeping people from moving between the different strata. Bitcoin can be seen as a means of people moving up from their caste, especially considering the insane jumps in value that can occur. All that can be done is hoping that their government doesn't ban Bitcoin, but at the end of the day you can't do anything about it. Let them do their thing, hopefully, the Indian people know what they're doing and don't listen to the trash spread by their central banks.

I believe the main concern of the Indian government is not upsetting the caste system but rather protecting the value of the rupee. If Indians start to trade their rupees for bitcoin, it will cause the value of the rupee to collapse, leaving the powers that be vulnerable. Of course, a move to bitcoin would be great for the peasants, just as is their hoarding of gold and silver. It's simply a desperate gambit to preserve power, and it will ultimately fail.

jakezyrus

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Quote from: AB de Royse777 on April 29, 2019, 04:25:11 AM

Problem with Bitcoin is happening in the South Asian side of the world. Other day I read a news about Bangladesh which is the neighbour country of India.

Are these people too naive to understand technology? Or there are anything else involved like personal greed?

I also read the news regarding on bangladesh . a user posted a link with a short description which says that there are 3 people who got caught trading cryptos .

maybe bangladesh did actually ban cryptos or they didnt accept it yet ? Now its india that will ban bitcoin ? oh no what happen to the world now , why so many negative news that happen lately ? Good thng that bitcoin is still staying strong. I dont see any major declines yet .

AB de Royse777

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Quote from: Oyarebu on April 28, 2019, 06:53:43 AM

Quote from: AB de Royse777 on April 28, 2019, 06:29:11 AM

These ignorant law makers are not gonna bring anything good for their country. How do they get the vote/job? LOL

Indeed the lawmakers aren't conversant with the latest technology and ignoramusly want to ban Bitcoin, which is not possible in my opinion because Bitcoin is a technology. The volatility of market might warrant them(Lawmakers) to have taken such move. Frankly speaking, Indian's will not find this easy if Bitcoin is finally Ban in their country. Here's a thread that all Bitcoiners should read to keep calm even though the world government intend to close down or Ban bitcoin https://bitcointalksearch.org/topic/why-bitcoin-cant-be-banned-5135646

Problem with Bitcoin is happening in the South Asian side of the world. Other day I read a news about Bangladesh which is the neighbour country of India.

Are these people too naive to understand technology? Or there are anything else involved like personal greed?

Yakamoto

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Quote from: Siren on April 28, 2019, 10:29:43 PM

Quote from: SwayStar123 on April 28, 2019, 06:05:57 AM

Its quite sad, I have been using bitcoin for 3 years now but because of the crash, bitcoin has been labeled a ponzi scheme and there are plans to ban it in india Sad

https://coingape.com/indian-lawmakers-call-ban-bitcoin-cryptocurrency/
https://www.ccn.com/why-indias-bitcoin-ban-could-disappear-after-march-29-hearing

edit: Im Indian

Do your government not getting tired of issuing bitcoin?after that Rural Bank of India(RBI) issue then here again another stupid propaganda?
Arent your government contented on what they are suing this great currency?

I guess the better way to stop this is not giving attention to their stupidity and just do what is available ON your country

Keep in mind that India still has a caste system, there is a legitimate concern that there are people at the top of their government which are interested in keeping people from moving between the different strata. Bitcoin can be seen as a means of people moving up from their caste, especially considering the insane jumps in value that can occur. All that can be done is hoping that their government doesn't ban Bitcoin, but at the end of the day you can't do anything about it. Let them do their thing, hopefully, the Indian people know what they're doing and don't listen to the trash spread by their central banks.

TheWalkingCoin

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Indian government have banned bitcoin as transaction and investment, they are always make bad thing of bitcoin become scheme ponzi. right now many bitcoin member from India could not available joining bitcoin as investing or trading.

Siren

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Quote from: SwayStar123 on April 28, 2019, 06:05:57 AM

Its quite sad, I have been using bitcoin for 3 years now but because of the crash, bitcoin has been labeled a ponzi scheme and there are plans to ban it in india Sad

https://coingape.com/indian-lawmakers-call-ban-bitcoin-cryptocurrency/
https://www.ccn.com/why-indias-bitcoin-ban-could-disappear-after-march-29-hearing

edit: Im Indian

Do your government not getting tired of issuing bitcoin?after that Reserve Bank of India(RBI) issue then here again another stupid propaganda?
Arent your government contented on what they are suing this great currency?

I guess the better way to stop this is not giving attention to their stupidity and just do what is available ON your country

r1s2g3

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Quote from: SwayStar123 on April 28, 2019, 06:05:57 AM

Its quite sad, I have been using bitcoin for 3 years now but because of the crash, bitcoin has been labeled a ponzi scheme and there are plans to ban it in india Sad

https://coingape.com/indian-lawmakers-call-ban-bitcoin-cryptocurrency/
https://www.ccn.com/why-indias-bitcoin-ban-could-disappear-after-march-29-hearing

edit: Im Indian

You are posting 2 news and both are opposite to each other.

News 1 says about possible banning (It is speculation only). No minister recently said anything against btc.
News 2 says about lifting current sanction .(like exchange cannot operate, financial institution are asked to keep themselves away from cryptocurrencies, cryptocurrencies not accepted as legal tender etc.)

I think current sanctions will remain in place and government will not ban crypto.

n0ne

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India being a highly populated nation and people are much used to technology always make the corporate network have a focus on Indian market. Now cryptocurrency network too is not an exemption, because if some positive news relative to cryptocurrency happens within India a big change can be experienced in the global market for bitcoin. Upon that different ways of news relative to bitcoin is spread around. What really happened is an article posted from a news portal. There is nothing big as ban and same as other countries even if banned people will continue using it.

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