Is the future of bitcoin dependent on India and China?

[Soke]

The existence and future of Bitcoin does not lie in the hands of any one country. 

[bicoin110]

No, if china and indea left BTC it will growth again

[Grayy]

The existence and future of Bitcoin does not lie in the hands of any one country. 

I believe bitcoin's existence doesn't depend on any one country. But consider this: why does banning of  bitcoin make more waves and influence the markets in some countries more than others? In other jurisdictions banning bitcoin doesn't seem to affect the markets greatly

[oppochain]

The existence and future of Bitcoin does not lie in the hands of any one country. 

Yes, the existence of bitcoin does not depend on any country, but it is possible for any country to influence it, much as Bitcoin has recently been affected by the ban on most governments.

[pooya87]

Recent  utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and   
government decisions from these  countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially  bitcoin without these countries.

people have to start learning more about bitcoin and what it means to be a decentralized currency. if they do, they realize that a country "banning" bitcoin makes not much of a difference. it may slow down the process of adoption of bitcoin in that country but it won't stop it. not to mention the "ban" news is 90% of the times a big ass lie.

and i also disagree with saying it was fear recently. the price drop was more of an orchestrated attack. it was some manipulation of price to drop it hard and make a lot of money out of the process.

[Sithara007]

China and to some extent India are definitely two of the most important markets for Bitcoin. But that doesn't mean that Bitcoin is going to die without these markets. The two largest markets are Japan and the United States, and thankfully we are not facing any major issues with these markets right now. China and India are important, but they are some what disposable.

[kerjakuat]

Recent  utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and   
government decisions from these  countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially  bitcoin without these countries.

people have to start learning more about bitcoin and what it means to be a decentralized currency. if they do, they realize that a country "banning" bitcoin makes not much of a difference. it may slow down the process of adoption of bitcoin in that country but it won't stop it. not to mention the "ban" news is 90% of the times a big ass lie.

and i also disagree with saying it was fear recently. the price drop was more of an orchestrated attack. it was some manipulation of price to drop it hard and make a lot of money out of the process.

yeah.. im very agree with you there. we can see from the past when china banned icos. bitcoin are drop suddenly and what happen after that? bitcoin spike to very high ever it can anyone imagine. $20k per bitcoin. why is that. it call market manipulated by the whales. who want to buy it cheap. and who are loss. the weak hand will sell it. but the giant know how to played in trade. they didnt sell it instead they buying it more and sell it high. so try to learn it from there friends.

[Sachubaba]

And now India? Seriously? India?
One of the poorest country on earth, with half of their population unable to afford a regular non segwit tx is going to affect the price?
Let's be honest about it, at list China had Bitmain and mining farms, India has nothing.

Just look at one small thing:  Number of bitcoin nodes in India 58.  Number of nodes in Lithuania 81.

India will be 5th largest economy in the world very soon.

India's average wealth may be low, but collectively Indians are now a financial powerhouse. There is a lot of money moving around in India.  .

[bestvcc]

China and to some extent India are definitely two of the most important markets for Bitcoin. But that doesn't mean that Bitcoin is going to die without these markets. The two largest markets are Japan and the United States, and thankfully we are not facing any major issues with these markets right now. China and India are important, but they are some what disposable.

China in one hand talks about regulation meanwhile india has religious people in power who are backed up corporates ,so they will not support any development in science and technology

[goocoin]

The existence and future of Bitcoin does not lie in the hands of any one country. 

If China and India block the Bitcoin network, bitcoin will indeed be affected for a short period of time, but the system's power is automatically tuned and will soon reduce the difficulty of adaptation. So the future of Bitcoin is not entirely dependent on India and China.

[millar1988]

I dont think bitcoin future dependent on any country or government . Because bitcoin is fully decentralized and its never depend any country or government .

[Notcalculator]

If we "speak" of future, it's hard to tell. Currently they play a huge role, but i dont think that will last. Their very government threatens its existence on their territory, which disables them from competing against other emerging countries. I think you should look at power prices in different countries. Whichever country who offers the cheapest power will probably be a big influencer of crypto in the future. 

[Dexion]

if bitcoin want to normal again and stable quickly and the good future, I think it's not just china and india who have to do good to bitcoin, but all countries should be able to accept bitcoin. especially china, because china is the biggest crypto trade center.

although the state does not legalize bitcoin, but letting bitcoin also is enough. and if all countries are willing to accept bitcoin and manage it well, bitcoin will benefit and improve their economic center.

[ajmapalo22]

No, bitcoin future does not depend on any country, it will continue to grow and appreciate even without China nor India its just that these countries especially China has big population that demand might be affected if these country will no longer support bitcoin exchanges, but even though bitcoin can still be useful and appreciative in the future, besides there are still lot's of countries who support and use it.

[Gontxi]

Recent  utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and  
government decisions from these  countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially  bitcoin without these countries.

I'm a little surprised by what you say  . Do not you try to find a lot of information about bitcoin and its future. which country has the largest population involved with bitcoin?
India? I think not, only a few Indians are involved in bitcoin. this is seen from the level of living standards in their country. see japan, almost all people have independent life. this is a big difference. so india and china are the past of bitcoin and other crypto.

[Gogochen]

I think there will still be many countries accepting bitcoin without these countries.
These countries' comments can only affect the price of bitcoin in the short term, which has no mandate for the long-term development of bitcoin.
Countries that ban bitcoin are foolish.

[gcckpxm62308]

Recent  utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and  
government decisions from these  countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially  bitcoin without these countries.

I do not think this Indian country will have a significant impact on Bitcoin, but China can influence Bitcoin because China has a large population and fast economic growth. As far as I know, there is currently no explicit ban on bitcoin in China，I think Japan and South Korea's contribution to Bitcoin and the impact is greatest.

[OnceTwiceThird]

India and Chine is both country have banned bitcoin, but the bitcoin future is not depend on their country hand, the bitcoin will be can stand by their self and many people will be interesting for join bitcoin and buy the bitcoin. last few day India have banned the bitcoin is not big problem for bitcoin, just keep and wait for several week bitcoin price will be in the high price in several week later,

[bitcoinmaniac52]

no but if both countries ban bitcoin then it will be a problem for a short time.

[smarteth]

India is major country for bitcoin development it will be major for bitcoin movement