Bitcoin Price bubble with Brust under government pressure

[Bitwah]

Bitcoin Price bubble with Brust under government pressure

https://i.imgur.com/8aC3LfZ.png

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[junoreactor]

Hi.
Whats the situation in India?
Its been 286 times I read about a bubble regarding Bitcoin, still the price rises month after month, years after years.
From what I read around, India has been at least three years behind the world in embracing The Bitcoin. But it is never too late.
IMO people who think it’s a bubble are fundamentally averse to the idea of technology or they don’t understand the potential of this technology.
Thoughts?

[reliable]

As far as the legal law is concerned RBI and Government are still framing the law and also thinking of introducing their own coin so that they can get away with all the coins and only be using their coin in India. Also RBI said sometime back that they are uncomfortable with bitcoin at present.

[iram3130]

It is too hard for government's officials to understand the working of cryptocurrencies, they're just worried about the taxes and reforms. They'll put pressure on exchanges but there are more ways to hold and exchange Bitcoins.

[amishmanish]

There will be no effect on Bitcoin price if the Govt tries any intervention. The share of transactions and holding in India is miniuscle. Even if the government outlaws it, the maximum effect will be on those who have bought in massively.
For those who are just in it for being a part of the bitcoin revolution, Govt. intervention won't matter.

The Price is not a bubble anymore and even if it is, it won't burst under the pressure of our governement. The US, Japanese and Koreans?? Maybe.
Till then, buy all the bitcoin you can. And most importantly, be a part of the newer things coming up. For example, checkout my signature link to DeepOnion. Its an opportunity not to be missed.

[Somz1]

Bug off with your stupid posts.
No one can stop Bitcoins, sure, prices can reduce short term, but not long term.
There is no regulation or law saying Bitcoin is illegal

[btcdamnit]

Stop Spamming The forum by Promoting your Stupid App