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Author Topic: India may ban Bitcoin  (Read 6641 times)
@prashant
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December 31, 2017, 10:02:41 PM
 #121

if they ban it will be the stupidest decision by INDIA

Like the demonetization game


If u think demonetization is stupid game , then i m afraid that you are not a financial person and your opinion is really biased with media.

https://aajtak.intoday.in/story/bitcoin-investment-finance-ministery-warned-tut-1-974162.html

Bit coin is easily used by Black money and should be banned like china done with there exchanges and ICO.

Now take an example of current railway tickets hacking , person is also using bitcoin as payment.

Railway is running in loss due to corruption and demonetization really help this , We indian never appreciate anything , we always blame but we dont check our side.

India should ban bitcoin and start real blockchain thing like Russian GOV started .

Bit coin will definitely fall down and a major risked asset.

Current rate of btc is 14663 in coinbase @ 12.49 pm IST
Exchange rate 63.91 = 937112.33

Zeb pay : 1 BTC in Buy Price : ₹ 11,75,135    Sell Price : ₹ 11,29,124
Uno coin : BUY BTC: 11,83,986|SELL BTC: 10,83,347

So why they need this much of difference ?

I also invested in BTC because i knew people are dumb enough that this one is not at-least fail too soon but its going to be fail after some time.


Even i invested in bit coin , but bitcoin should be banned , because our Leader are also investing in it in majorly they should be punished.

Thanks





I think you have not done your research on demonetization its a complete failure with loss.

Read this

http://www.businesstoday.in/current/economy-politics/rbi-annual-report-loss-demonetisation-printing-notes-note-ban-data/story/259391.html

All politicians are making money by robbing general public , BJP have bought most news channels and news papers hence they are just following their orders to print and publish negativity for Crypto Currencies so that people do not pull their money from banks and convert to crypto. Politicians and leaders are DUMB they do not have any clue on how crypto works and they even do not give a shit about it because they have enough of new notes,


The railway scam you are refereeing that guy had 2kg of gold bars and lot of gold jewelry , he also used hawala and over 50 lacs in cash.


Hence Indian Govt should ban Gold and Notes as well. Railway is in loss because of bad administration and Government.


Our PM is also corrupt he made lot of money that we cannot even imagine , our country Actual PM is Ambani and TATA they run our economy with corrupted leaders.


As far as China and Russia is concerned you can pay to supplier using bitcoins from anywhere they are accepting it as mode of payment.

Hope this explains everything.


Thanks



Now in this forum both our thought is posted lets wait for future and see who is correct
First you have to understand one thing,all political parties are corrupted,where do you think they are getting the money to serve their organisation and political campaigns.
Talking about ban on bitcoin is absurd thing.before bitcoin corruption was not there? No,it was and it will remain.bitcoin is just a medium to increase your amount of money and gain profit.before it gold , valuable asset and capital asset were used to hide black money.
Blockchain is new thing and government is doing right thing to tell people to be careful while investing in cryptocurrency as here majority people do  have less or no knowledge about btc or blockchain and they are likely to get scammed.
Btc is old tech and can not be used as day today transaction ,only used for limited transaction asset due to high fees .i personally think only IT related or share market traders should invest in crypto,it is not meant for general purpose due to lack of knowledge.

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1526909978
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January 01, 2018, 12:01:00 AM
 #122

Creating Your Own Cryptocurrency
https://bitcointalk.org/index.php?topic=2622444
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January 02, 2018, 12:36:38 PM
 #123

I don't think Indian government has issued any rule regarding the legality of any Virtual currency. Banning virtual currency would mean we will not be able to trade it for INR as it(banning) would be a result of shutting down many cryptocurrency exchanges and wallets. But we can still trade it for other cryptos.
To ban entire trade of cryptos would mean shutting down the internet which of course we know is impossible.  Cheesy
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January 03, 2018, 05:40:11 PM
 #124

Indian government not ban bitcoin but it will be regulation that we will see soon because bitcoin is still growing popularity as it has been around for a long time now.

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January 04, 2018, 07:36:24 PM
 #125

are there any alt coins that can be used in India?
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January 11, 2018, 08:47:12 PM
 #126

 Cool Cool It would be good , atleast people who have no idea what they are doing , It'll stop their unnecessary hype
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January 11, 2018, 10:44:49 PM
 #127

Please stop this FUD, India will not ban bitcoin.
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January 12, 2018, 06:59:04 AM
 #128

Ban Bitcoin !!! Every Government on earth wants to do this since Initial days of Bitcoin popularity, But its beauty of the code and community like us that they know they will not succeed. Do not fear and Enjoy !!!
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January 12, 2018, 10:00:09 AM
 #129

Hi,

https://navbharattimes.indiatimes.com/business/business-news/mukesh-ambani-might-be-planning-his-own-cryptocurrency-jio-coin/articleshow/62469848.cms

https://navbharattimes.indiatimes.com/business/business-news/bitcoins-not-legal-tender-in-india-reiterates-jaitley/articleshow/62338102.cms

Pls share your views on this ?

and Why South Korea bans Bit coin ?

Thanks
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January 12, 2018, 10:57:08 AM
 #130


till few days ago arun jetly was saying bitcion is fake ponzi scheme , now since his boss ambani will start their cryptocurrency suddenly it will be symbol of digital India  , blah blah !!! Feku Govt, Disgusting govt
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January 12, 2018, 03:56:12 PM
 #131


till few days ago arun jetly was saying bitcion is fake ponzi scheme , now since his boss ambani will start their cryptocurrency suddenly it will be symbol of digital India  , blah blah !!! Feku Govt, Disgusting govt

infect if big giants come and play a role in crypto then every chance we may see bitcoin as legal tender or smth else which allows us to continue crypto world..


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January 12, 2018, 07:34:03 PM
 #132


till few days ago arun jetly was saying bitcion is fake ponzi scheme , now since his boss ambani will start their cryptocurrency suddenly it will be symbol of digital India  , blah blah !!! Feku Govt, Disgusting govt

infect if big giants come and play a role in crypto then every chance we may see bitcoin as legal tender or smth else which allows us to continue crypto world..
+-
if they legalize it  ban it or do whatever they want ; but people who were using it , will still continue using it
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January 13, 2018, 12:52:07 PM
 #133

Just declaring that it is illegal will not help. They will have to close down all exchanges and also stop people from buying from exchanges from outside the country.

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January 13, 2018, 05:40:27 PM
 #134

That will be a big blow to the people in India who had invested in bitcoins. I know a lot of friends who are still thinking to enter this field but I guess they are late now.

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January 14, 2018, 01:13:31 PM
 #135

This will be hard to implement practically. If they make transactions illegal, people will ask their friends outside India to buy and send them the money.

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January 14, 2018, 03:05:12 PM
 #136

I think bitcoin will never ban because it is digital currency and it adopted by so many people's bitcoin is very important. And now one team is trying to make bitcoin as legal. It may legalized then it's very good news for us.

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January 16, 2018, 10:00:46 AM
 #137


till few days ago arun jetly was saying bitcion is fake ponzi scheme , now since his boss ambani will start their cryptocurrency suddenly it will be symbol of digital India  , blah blah !!! Feku Govt, Disgusting govt

infect if big giants come and play a role in crypto then every chance we may see bitcoin as legal tender or smth else which allows us to continue crypto world..

They are starting new coin , means they will be rival for bitcoin and like what happen with videocon , reliance , idea, airtel will happen to bitcoin

I am expecting good debate on this here but no.

can anyone tell why bitcoin rates are declining then ?

https://www.express.co.uk/finance/city/905222/bitcoin-price-news-latest-manipulation-cryptocurrency-surge-plummet-stock-exchange

Newbies pls dont post a useless reply to increase post counts.

Thanks
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January 16, 2018, 10:03:19 AM
 #138

I think bitcoin will never ban because it is digital currency and it adopted by so many people's bitcoin is very important. And now one team is trying to make bitcoin as legal. It may legalized then it's very good news for us.

In 2008 paypal started to ask for pan , then freelancers are not allow to hold money in paypal more then a week due to this reason and 1 to 2 millions freelancer get affected by this and paypal froze the accounts , they already done it they will do it like notebandi people died in lines.

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January 16, 2018, 03:40:08 PM
 #139

I think bitcoin will never ban because it is digital currency and it adopted by so many people's bitcoin is very important. And now one team is trying to make bitcoin as legal. It may legalized then it's very good news for us.
Nope there is no news like they are making BTC legal in India, and more on that they are trying to put a tax for bitcoin users this year. if everything went fine they will charge 30% tax on bitcoin users. This is not good for BTC users.
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January 16, 2018, 03:46:19 PM
 #140

India seems to be pushing to tax BTC to have more control over it in their country.
Still, with many people still unbanked, BTC is a great way to exchange value in the impoverished areas of the world.

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