Bitcoin Forum

What is the current situation of Bitcoin in India? Is it a smart choice to invest in Bitcoin right now? ???

a few days ago india took a firm action on people who were trading with bitcoin, and today's condition i think india still will not legalize bitcoin. they are afraid bitcoin to be a criminal tool. whereas if bitcoin is well managed, it can help improve their economy.
yes, this is a good time to invest, but for beginners, FOMO always comes to make doubts. so I think you should make yourself sure before investing.

In India, government is taking strong actions against exchanges but I think you can still invest some money in Bitcoins.

Long before India promulgated the "Waste Order," many of the top Indian executives who got the news in advance replaced huge amounts of property with bitcoin. Therefore, Indian researchers in various countries in the world generally believe that India's "banknote decolonization" simply did not play the anti-corruption effect it originally hoped for. Instead, India's domestic corruptors seized the opportunity to complete the money laundering. India's banknote rejection order, coupled with its domestic turmoil since the financial system, is a powerful way to boost Bitcoin prices.

In a country where the Prime Minister can go on TV, say a few words, and erase millions from the economy... yes, BTC is a good investment.

The bitcoin community is very popular in India because bitcoin is a good means of storing wealth that banks and governments can not "intervene", so bitcoin is a good bet for developing markets. I think it is a good opportunity to buy bitcoin.

When it comes to India, we usually think of the fact that this country likes singing and dancing and its population is catching on with China. Its backwardness in development lags behind in software talents. However, bitcoin is now in a storm in India as there are huge potential for Bitcoin in the Indian market, involving hundreds of billions of dollars in gold, hundreds of billions of dollars in the information technology sector and hundreds of billions in remittance markets.

Since the Indian government started to abolish large banknotes, bitcoin activists in India have been working hard to educate Indian nationals on how to use bitcoin. Bitcoin may help India skip the plastic currency infrastructure and develop modern financial infrastructure.

The government has still not taken any stance, they are warning people that they won't be responsible for anything related to cryptocurrency trading. You'll need to pay tax for your gains, recently they raided popular exchanges like zebpay and unocoin, so you aren't getting off on the tax.Other than that you should be fine trading cryptos.

Is it a good choice?
That depends on you, this is probably the best time to invest in BTC because of the dip, you may not get this chance again. But do your research and invest carefully.

this is the right time to invest with a cheap cheaper bitcoin price, and if you invest right now you will get huge profits when bitcoin prices will go up

The actions of India and the past say their Bitcoin franchise, in my country Bitcoin, is considered illegal and hurts investors, while in India we see that the Private beginning development is growing and Indian economy is growing