India just BANNED Bitcoin? Will BTC now crash?

[Butonyki]

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

Besides India, Arab has also currently banned bitcoin. but I think this thing will not make prices crash. even my country also prohibits the use of bitcoin, but have no effect on the price. unless one of the country's enormous influence on bitcoin. whereas currently more countries supporting bitcoin compared banned bitcoin.

Did they though? I think we're misunderstanding these bans a couple of times and that can lead to panicn which won't really work well for lthe community. India, like china, has been very open about it's stand when it comes to crypto but a total ban or illegalization isn't in effect.

Yes it is not for the first time we are hearing about India that they are banning bitcoin, may be they have taken some steps about bitcoin. but to me I think that they have not yet totally banned bitcoin, bitcoin is the only crypto currency which is present in all over the world having same value everywhere. So it is not as much easy to stop their people from using bitcoin. 

[BlackPanda]

I think the Indian government banned the circulation of bitcoin in its country because there may be a lot of developers who commit public fraud that block the blockhain platform but run away from money from Investor and there may also be other problems that make cryptocurrency in India strictly forbidden.

That is indeed a very strong foundation. Bitcoin price values and forms of bitcoin are very difficult to track so there is a high likelihood of fraud. The sophistication of technology makes Bitcoin anonymous so that no one can confirm the track record of Bitcoin transactions.

The government needs to understand the things that are far more important than the positive value of using Bitcoin, so far the government has seen the negative side of Bitcoin and it should be avoided because right now we are heading for the era of digitalization.

[Clark05]

One of the possible reason the bitcoin are still crashing because of the country who wants to banned bitcoin because they did not manipulate bitcoin. But I think those country who banned bitcoin already will be unbanned bitcoin if they see the good opportunity of the bitcoin.

[GoodLuck2]

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

Besides India, Arab has also currently banned bitcoin. but I think this thing will not make prices crash. even my country also prohibits the use of bitcoin, but have no effect on the price. unless one of the country's enormous influence on bitcoin. whereas currently more countries supporting bitcoin compared banned bitcoin.

Did they though? I think we're misunderstanding these bans a couple of times and that can lead to panicn which won't really work well for lthe community. India, like china, has been very open about it's stand when it comes to crypto but a total ban or illegalization isn't in effect.

You are 100% right but we have another news that Thailand has accepted the Bitcoin and will soon run inside the country so this is encouraging people to come towards this new technological way of investment. This will benefit you the most and will payoff if you choose it for your investment and the coin is spreading with the passage of time and soon India will rethink to accept it again because the fault is in their system and not in Bitcoin.

[btcjocan]

India just BANNED Bitcoin? Will BTC now crash?

Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end.

Besides India, Arab has also currently banned bitcoin. but I think this thing will not make prices crash. even my country also prohibits the use of bitcoin, but have no effect on the price. unless one of the country's enormous influence on bitcoin. whereas currently more countries supporting bitcoin compared banned bitcoin.

Did they though? I think we're misunderstanding these bans a couple of times and that can lead to panicn which won't really work well for lthe community. India, like china, has been very open about it's stand when it comes to crypto but a total ban or illegalization isn't in effect.

You are 100% right but we have another news that Thailand has accepted the Bitcoin and will soon run inside the country so this is encouraging people to come towards this new technological way of investment. This will benefit you the most and will payoff if you choose it for your investment and the coin is spreading with the passage of time and soon India will rethink to accept it again because the fault is in their system and not in Bitcoin.

I think those manifestations happening with bitcoin against india of whatsoever countries who seemingly banned bitcoin was just a tactics from other bitcoin haters, and probably haters of cryptocurrency. No such reposts or any legit article who can support this information yet, so don't easily carried aways on this matter and most importantly be brave enough.

[aso118]

I think those manifestations happening with bitcoin against india of whatsoever countries who seemingly banned bitcoin was just a tactics from other bitcoin haters, and probably haters of cryptocurrency. No such reposts or any legit article who can support this information yet, so don't easily carried aways on this matter and most importantly be brave enough.

These may not be tactics from Bitcoin haters. Such reports might be hyperbole, but if you do go to mainstream publications, there is a kernel of truth behind it. In India's case, the exchanges have lost their banking relationships and pretty much shut down or converted into crypto-only exchanges. While India has not explicitly banned Bitcoin, all trading activity has come to a grinding halt.

[pocketfullofpoke]

Bitcoin and cryptocurrencies will always go on even if Inda will ban it. And if this is really true, then take a look last year when China banned bitcoin and cryptos. Its effect is very obvious as bitcoin plunges down but bitcoin retaliates back and skyrocketed its market price since then. So in this case, i believe it's just the same as last year and bitcoin will remain strong and dominant.

[mkhadazz]

If India prohibits the circulation of bitcoin, then I think it might affect the condition of bitcoin prices in India, hopefully it will not give much influence to the whole world, because if India does that it might only lose India.

[Btc_1856]

If India prohibits the circulation of bitcoin, then I think it might affect the condition of bitcoin prices in India, hopefully it will not give much influence to the whole world, because if India does that it might only lose India.

Yes, you are right it won't affect the price of bitcoin but India might loose the bitcoins. Bitcoins price will not decrease and it won't affect the price of Bitcoin if Indian bans the bitcoin.