Bitcoin Forum

What effect over a billion people have on the prices of BTC. Bitcoin has been garnering great traction over the past few months. ;D

https://www.cryptoniam.com/record-number-of-indian-investors-noticed-after-bitcoin-boom/ (https://www.cryptoniam.com/record-number-of-indian-investors-noticed-after-bitcoin-boom/)

In 5 years we will be very surprised by the cost of bitcoin. But the fact that India is connected is waiting for the whole world. Soon we will see new record growth rates of the Crypto-currency.

I'm not Sure.... a lot of FUD articles lately in the mainstream media... let's see if the bitcoin bullish trend will keep up or fade away....

Ofcourse this articles seems to justfiy the reason why bitcoin price on Indian exchanges like zebpay and Unocoin is much higher than prices in international market. The day it was 10000$ in the world it had already reached around 13000$ in India. Moreover at one side the people are embracing its use while on the contrary govt. is thinking of declaring it illegal throughout the country.  

At least the article didn't say that the government of India has legalized bitcoin, because they have not. The legal status of bitcoin is still unclear in India. I believe that is the best thing for Indians. Because the moment Indian government will start showing interest in bitcoin, they will most likely ban it. The government officials don't have the brain to understand the power of blockchain and they are mostly driven by the uneducated politicians.

The funny part is that you need to be a graduate to become a 4th grade staff in government offices, but you don't need any education to become a minister. So you can expect a very little from them. Majority of the Indian politicians don't have the power or brain to understand the blockchain. So if they want to take any step about bitcoin, they will most likely ban it. Till the time they don't show any interest in bitcoin, you are safe.

Yeah, and we have seen a lot of india's users in here, and most of them are posting one line post in here without any sense, just like those who create threads named "Bitcoin is a good coin?"

It is full of those people in here, but i dont have any problem with them so far, but yes, if they are really buying more bitcoins than before then it is a good notice for all of us, because it means that bitcoin is still having much more adoption than before.

The same happened on Indonesia, but i am not sure about this one.

As big as the indian market is, I don't think this is going to have an immediate effect on the btc price. We already know that India has a big BTC userbase and it's growing constantly, but in order for the price to go higher we need to see Bitcoin being adopted on a major scale, especially in India where the crypto market is massive. Hopefully, the crypto users in that country along with the govt can help bring awareness to the general public.
But for now, it's very unlikely that we see any major movements in the btc price because of the indian investors. Maybe in the long-term (unless they're ready to make a significant impact very quickly, of course).

The Indian government is happy to remove most of their bank notes from circulation so that they can better control the population's use of money.
I'm sure they will allow people to but Bitcoin then!

Bitcoin is the Indian government's worst nightmare and they aren't afraid of just screwing people over to keep control so I guess they will either ban Bitcoin transactions or exchanges.

and will Brazil come into this line? waiting anxiously for the news here

I agree, India and China have pretty much half of the world's population. Although India is overall a poor country I think we are going to see some changes in the price.

Though as said in some recent posts here bitcoin is not really legalized in bitcoin so they can still have a decision that will really change the price. Not only India is making a move in the Asia, there is a lot of people there that are making their move to own their bitcoin, there is a lot more, and there are also news about Bitcoin will be regulated in the Philippines.

When Indian started to adopt bitcoin and also in different parts of the world,it would cause to another rapid growth of bitcion community if most country will apreciate bitcoins benefits these would be a great help for bitcoins price to increase again..but i dont think if this would be legalize because their government will do something about this.

Great news! I hope someday investors, economists and financial advisers will proclaim the value of decentralization! the way that investment gurus preach the importance of diversification!. The more bitcoin and crypto currencies decentralize across various nations the less impact single countries like china will have if they decide to ban crypto exchanges in an attempt to keep money inside their borders.

Bitcoin's overall price volatility could decrease as it becomes decentralized across more countries, which could contribute to its overall stability, and long term value. Rising demand and increased trading volume could also be contributors to long term HODL plans although like some have said there is danger of a bubble if bitcoin's price becomes overvalued in proportion to its base metrics.