Bitcoin Forum

Very exciting news: Wait and see!


https://www.express.co.uk/finance/city/988242/Bitcoin-price-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-news-india-ban

the prices that the article is quoting and is trying to say they are because of India situation have nothing to do with India! in fact when the Indian news came out (RBI bank closing Zebpay's accounts) price was the same with a little rise in it. the drop came a long time after that and it was because of the Bancor exchange hack where altcoins (mostly ETH) was stolen and dumped on the market crashing the altcoin prices which then brought bitcoin price down with it.

India's "U-turn" may not change anything since nobody cares about India anyways!

India is really missing out on the Blockchain and Bitcoin investing.  :o >:(

Indian Government have not any option to regulate this, 20th july supreme court give judgement in favor of bitcoin, i assured

Correct: No option. They will look like fools!

China will decide the fate of Bitcoin as peer to peer payment system worldwide

If india u-turns their decision.  That would make a big bull run in the crypto market. Just crossing my finger and hope they will unban cryptos

Great news for every one. This really could give good effects on bitcoin's performance in the crypto market. Hope that other countries who are banning cryptos will also lift their bans and embrace this awesome technology. This is just the beginning of some great news that we will experience in the coming years. Just really hoping that every country will see crypto as an advantage if used properly rather than a threat to the economy. There are still lots of technology improvements that blockchain can offer so better take advantage on this side of the innovation.

Reserve Bank of India's decision instructing the banks in India ; not to allow their accounts use buying crypto; may not had any major effect on the price of crypto currency.
Indian U turn may not have any significant effect on the price of the market.

But we can not overlook the significance of Indian economy.  India is the sixth largest biggest economy power in the world.  Sixth number ranking was with the France and now they are at seven.

Awareness in India about crypto is increasing day by day.  It being a very big economic customer based  market may turn to a very big crypto user market provided given chance to the citizens will definitely a big boost to the crypto world.

So my opinion; when Indians will start using crypto it will be big boost to the market.

India needs to be more democratic and shows the characteristics of a communist regime!
Fact!

They are anti Gold and Crypto!

They need to wake up to themselves!

Indian government not disided yet this issued going to in the court within short of time dicision comes hope its green light bitcoin.

If that happens then it will surely boost the price of bitcoin as India is one of the biggest crypto investor and trader but it's not enough we need more countries to support bitcoins to see price rise.

The Indian Government need to spur their economy: Cryptocurrencies is a catalyst: India was promoting itself as a tech hub and have behaved liked bitches regarding crypto!

Bitcoin recovered from China banning bitcoin a while back. Nobody gives a shit about India.

I think whether they green light or not, bitcoin will still make the headlines.
the earlier they join for them to benefit the better.
bitcoin is at a stage where not a single country can stop it from growing despite the current bear market.

LOL, even 2 years ago when China was a big thing in the news and their volume that they reported (for fake i might add) were huge, they didn't have any effects on the price.
now that their exchanges are closed and their volume is real and low they don't even have that fake effect for FUD purposes :D

India making a reversal would have a mega positive impact!

Then that's some good news coming from India. I also love the fact people stood up for the officials to review their stands on crypto. These are the people we need, the diehard fans of crypto. Let's hope the revision becomes fruitful and more flexible regulations get set.

it will be positive but not a "mega" positive thing.
in other words the impact of India and their decisions now is the same as their impact when their reserve bank closed the exchange accounts. if you look back at the dates of that negative news and compare it with a chart you can see that price didn't move at all. so the reversal of that shouldn't have any significant impact either.

Wait for 20th July for Supreme court hearing .

i think Indian government will change their decision eventually because they will be forced to by their people since they have been angry with this decision from the start of it and they have been putting a lot of pressure on the government to revise their stance.
this U-turn will happen sooner or later.

as for price rise i think if it happens we may see a small push towards $7000 and we may even break it but i don't expect anything bigger.

I think India government will be changed the decision with paying tax.because it will be increased the income of the country. when ever many countries has centrelisted this.