Is the future of bitcoin dependent on India and China?

[Grayy]

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.

[HALLASTERA]

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.

Contribution of Japan most than India or China because regulators in Japan a little of softer i think it's waves of blood not from goverments but from payments system
 

[stompix]

I thought we were already pass the point of debating if China matters.
The price going up with all the FUD from China, with all their exchanges closing down have shown that  the importance of China has vanished.

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.

[Sachinist]

That's damn near half the world in terms of population. China, yes. India, no.

China is the biggest player but Bitcoin's not big in India.

[LynielZbl]

I thought we were already pass the point of debating if China matters.
The price going up with all the FUD from China, with all their exchanges closing down have shown that  the importance of China has vanished.

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.

I agree on it. India cannot affect bitcoin value. Many investors are from other countries like Japan, South Korea, US Canada and many more that they contribute the growth of bitcoin because they using digital currency. The issue about China is not new to us. It may affect but not that much. Many investors still really want to invest bitcoin as well.

[YED]

I don"t Think that bitcoin's future dependent any country or any goverment . If the bitcoin will be usued in all the other country of world India and China will not have a chance expect legalizing the use of bitcoin .

[aisyah88]

china india may be the future of bitcoin, but why not for other countries to advance bitcoin in the future including the country that I live in now ..

[NyLymZbl]

China? Yes. But India? I dont think so. India cannot affect the future of bitcoin. There were few of their population using bitcoin as a digital currency.

[RivAngE]

What about Korea? Isn't at least one of the biggest crypto-exchanges in Korea?

[TheySeeMeHodlingTheyHatin]

no ! bitcoin is decentralised and dont depend on any country or government

[burdagol12345]

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.

Without these two countries bitcoin is still surviving and still growing,even though the crypto market  price value will be affected due to less investor now due to happen in this two big country india and china.this massive effect of dumping price value in the market is  only a temporary but i still believe that bitcoin will survive soon in the situation like this before to continue to moving forward towards its legacy.

[adzino]

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.

Bitcoin is a global currency. It is not controlled by any specific area, country or region. The whole currency is decentralized so it is not dependent on few fixed countries like India or China. Rather lives by the support of people throughout the world.
Negative news will affect bitcoin, but those changes will be temporary.

[LFC_Bitcoin]

The long term future of bitcoin absolutely does not rely on India & China but short term India & or China banning or putting restrictions on bitcoin unfortunately will affect the price negatively.

[Slow death]

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.

The problem is no longer if the country decided to ban bitcoin has a lot or few people who buy and sell bitcoin, if that country ban bitcoin then it is more likely that other countries will follow the same path and this is what many people are worried about , because india is in asia and if india ban bitcoin then other countries of asia could ban bitcoin

but why not for other countries to advance bitcoin in the future including the country that I live in now ..

create some bitcoin community in your country and spread the word and with this you will bring more people to this great community of bitcoin

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.

The problem is that India is a country and being an Asian country to ban bitcoin may be a bad influence for other Asian countries, other Asian countries may follow the same path as India.

[Yakamoto]

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.

The way forward is to simply move on without them. There are too many people that rely too much on the news and information that comes out of China and India to determine their selling and buying points, and that's going to bite them in the ass constantly once there is a shift from those countries and back into the west. It doesn't even make sense in most cases.

There shouldn't be any dependency on these two countries in particular, but it seems like there's nothing that it's something we're going to have to live with despite what we want to happen.

[earl07]

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.

IMO,I think bitcoin do not depend on any government but its technology itself,and if it really depend of any of them,then why to be fret? india is not just the country with a high exchange of crypto currency.I read some news about panic selling,there are people that tends to sell than hold because of the continous slump of bitcoins price,which is not a wise idea.I bet Big whales will be laughing at the moment.

What about Korea? Isn't at least one of the biggest crypto-exchanges in Korea?

Yes,but some regulations has been implemented for its users.Like this one https://news.bitcoin.com/south-korea-ends-anonymous-cryptocurrency-trading/
that also affects bitcoin.

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I suggest not to post your refferals here mate,your jumping off from the topic.

[Grayy]

I thought we were already pass the point of debating if China matters.
The price going up with all the FUD from China, with all their exchanges closing down have shown that  the importance of China has vanished.

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.

Don't you think that their politial decisions and FUDs  affect the whole of the cryptocurrency space to some significant extent ?

[Rozita]

Cryptocurrencies ban news can affect the market in short-term. But for sure the market is not depend on the rules in a special country.
By the way, I don't think these countries ban bitcoin.

[HasHe]

I thought we were already pass the point of debating if China matters.
The price going up with all the FUD from China, with all their exchanges closing down have shown that  the importance of China has vanished.

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.

Not India? Ha ha you guys always underestimate India to be a poor country. Do you guys know how much the corrupt Indian politicians and rich people have saved money in Swiss bank. India is definitely influencing the bitcoin price but behind the scenes.Most of the Indian people might be middle class but not India a poorer country. We must not forget that India is the second largest country in population and out of 120 crores, even 1%of the population would be 1.2 crores of bitcoin users.Hope this data would help you guys to get a better picture about India.

[sofi@]

If pertaining to the current price of bitcoin yes, China has great effects knowing that it has a large community in crypto currency market that will probably become idle if their ministers will prohibit exchanges and will not support bitcoin but if we are talking to the long term of bitcoin, my answer is not. Bitcoin will remain strong and independent and only it's value will matters