Is the future of bitcoin dependent on India and China?

[nikenv2212]

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
 

How do you think about this news?
https://www.bloomberg.com/news/videos/2018-01-26/japanese-bitcoin-exchange-loses-hundreds-of-millions-of-dollars-video

Even the Japanese state that legalize bitcoin, which states bitcoin as one of their currencies other than Yen, and has an agency that protects bitcoin consumers could lose $ 400 million on January 2018 ago. It is not impossible that Japan will also ban bitcoin sometime in the future, the more the list of countries that ban bitcoin, it will be difficult for bitcoin to survive

[freetokens]

China ban may have affected local investors but still china hold the major part of bitcoin share mining and tokens and ico coins so China will forever stay in market with major share

[ryan2018]

I think that these two countries will affect the bitcoin value because they scare the investors. We should know that bitcoin does not actually require a legality permit from the government because of its independence, but the attack is the price that makes investors withdraw the funds. I'm sure some bitcoin investors are someone who has a big influence in the world, so bitcoin can get through the tough times faced now and be glorious again in the future

[Getmon]

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 future of cryptocurrency is not in the hands of these countries. These countries may vanish but they will not be bringing crypto with it. Of course, the market of cryptocurrencies will be affected with such government decisions because we all know that India has so many people and a portion of these huge population is into crypto. But there is not just a handful of countries where crypto is allowed. There are a great many of them and these are the more developed ones.

[bttcoin]

I do not think so because India and China are actually reluctant to encrypt the development of money due to the government's religious reasons. This is detrimental to them and they can not control bitcoin. For China, they think people will adopt this method To divert property, especially corrupt officials, so they have never been approachable of bitcoin.

[Vektrum]

Bitcoin does not depend on any country, because it is decentralized and has no binding to any state. Negative information on the crypto currency, coming periodically from different countries, including from China and India, only for a while can affect the course of bitcoin, but it can not affect its future. The future of bitcoin will be directly affected by how quickly it will improve and eliminate its shortcomings. This is just in bitcoin is not observed.

[Gaff]

Bitcoin does not depend on any country, because it is decentralized and has no binding to any state. Negative information on the crypto currency, coming periodically from different countries, including from China and India, only for a while can affect the course of bitcoin, but it can not affect its future. The future of bitcoin will be directly affected by how quickly it will improve and eliminate its shortcomings. This is just in bitcoin is not observed.

I agree on that mate the bitcoin is not depending on one or two more countries because it is decentralized  and it can be use in a different country so then we  cannot really day that this bitcoin will depend on india and chine because even if those country is banning butcoin thee will be another country that support on it.

[mbakruroh]

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.

India is one of the largest cryptocurrency users in the world. the remarks of India's finance minister reduced the price of cryptocurrency. but it is really just a media game that raises the problem for no fundamental reason. so fear and panic sell become increasingly unrestricted.
it must be only temporary and not lasting long, because btc will return to normal.

[htmcoin]

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 .

You're right, Bitcoin does not need to rely on any country or government, it needs is demand, if no one is willing to use and invest bitcoin, bitcoin will not survive, the biggest feature of bitcoin is its technology, founded the first to encrypt money, China is now in the study of bitcoin phase, bitcoin is still promising to legalize in China.

[Mohamme]

It's impossible. Bitcoin can't be restricted to any one country. In particular, there is widespread corruption in Asian countries, so they should be allowed to prevent money laundering，So they banned bitcoin.

[sidebyside]

I do not think the future of bitcoin depends on the government of India and China. I think bitcoin will have a lot of different development. I believe in the great potential of it. Perhaps the speech of the Indian Finance Minister is affecting the bitcoin but I believe it will soon overcome these difficulties.

[Ailsa567]

Bitcoin's future should be all countries, not some countries alone, because the final development of bitcoin should become a new global means of payment.

[Aikidoka]

Maybe the future of bitcoin depends on India and China due to the population. The more people starts to use bitcoin, the more its reputation increases, thus the price grows. However, there are still many populated countries besides India and China that will surely save bitcoin. Added to that, many countries will not ban bitcoin and they are going to regulate it, thus people are still going to use it.

[bitfocus]

if we count the population of India and China - they are huge in numbers and mass people are enthusiastic about Bitcoin there. But no, the future of Bitcoin is not dependent on India or China or both - Bitcoin has it's own kingdom to rule.

[Ayaancool]

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.

First of all in India most of them are unknown about Bitcoin and even about crypto currencies. Germany and USA are the top countries that supports bitcoin. And one more thing Chinese people also have one of the main part in supporting bitcoin. China can make sure impact on bitcoin rather than India.

[bryant.coleman]

Bitcoin can survive without India and China, but it will be much better if the markets in these two nations exist. Right now I am more concerned with Japan, as it is the only economic super-power which has completely legalized the crypto-currency.

[aimedisglobal]

Bitcoin mass adoption depends on the regulations in each country.
To ensure a powerful future and a more stable one you need mass adoption of a product. If you consider Bitcoin a product of the blockchain industry, then just pioneers and early adopters are not enough to make it sustainable.

India, China, South Korea, all hold some contribution to the growth and stability of the coin. That can't be argued. But Bitcoin will still survive without them. Just keep in mind that survival and growth are two separate matters.

~ Roxana from Aimedis

[wiro212]

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.

Sharp volatility in the price of cryptocurrencies is a particular area of concern for regulators. In contrast, Asia Pacific economies have been less welcoming of cryptocurrencies. Regulators in Asia Pacific have become increasingly uneasy with the rise of cryptocurrencies such as bitcoin.
in indian experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.
but china on the top of bubble forming in the digital currency space.

[di.ako.toh]

Not necessarily future of Bitcoins depends on countries of India and China, because I see Bitcoins can stand on itself even without them. Somehow, these two countries supported cryptocurrency in big part but still there are more countries supporting too.

[sunno330]

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 .

I also thinking that, its doesn't matter for ban/illegal bitcoin any country. People who using, he can't thinks their country government what says. He can use this digital currency.  It affects for soke time.