Is the future of bitcoin dependent on India and China?

[Shreek]

yes, if India no longer refuses bitcoin and china fixes its relationship with bitcoin, then i think it will improve bitcoin condition and crypto market today.
but on the other side, I am also happy because many big world companies that already support crypto like samsung, ebay and others.
and their contributions can provide little hope of surviving.

[_Legendary_]

yes, if India no longer refuses bitcoin and china fixes its relationship with bitcoin, then i think it will improve bitcoin condition and crypto market today.
but on the other side, I am also happy because many big world companies that already support crypto like samsung, ebay and others.
and their contributions can provide little hope of surviving.

Can not be denied again that china and india are the biggest bitcoin users, i think bitcoin dumped is not china and india government banned bitcoin, but because chinese users want to celebrate chinese new year another week, the end of february prices will skyrocket again.

[hgkcoin]

yes, if India no longer refuses bitcoin and china fixes its relationship with bitcoin, then i think it will improve bitcoin condition and crypto market today.
but on the other side, I am also happy because many big world companies that already support crypto like samsung, ebay and others.
and their contributions can provide little hope of surviving.

If both India and China can trust bitcoin, then I think Bitcoin is now one of the world's common currencies, and the two most populous nations recognize bitcoin, which for Bitcoin is at least half of what it costs in the world People accepted it.

[Siopao]

The future of bitcoin does not depend solely on the demand of India nd China. The market of bitcoin depends on the supply and demand of the whole users. However it can't be denied that the two mentioned countries are ine of the biggest user if crypto. And on the other hand, bitcoin is gaining popularity all over the world so if one country backs out it won't diminish the existence of cryptocurrency.

[Cliparts]

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.

Agree like USA and Germany all big and strong countries are accepting bitcoin so it means if a few countries will not accept bitcoin so it will not affect the price and demand of bitcoin at all. Increasing value of bitcoin is a sign that in future even India will use bitcoin and before this people were saying now India is going to make bitcoin legal currency and use it in future as currency of the country but all I want to say a few countries banning cannot decrease or end the bitcoin.

[stompix]

yes, if India no longer refuses bitcoin and china fixes its relationship with bitcoin, then i think it will improve bitcoin condition and crypto market today.
but on the other side, I am also happy because many big world companies that already support crypto like samsung, ebay and others.
and their contributions can provide little hope of surviving.

Can not be denied again that china and india are the biggest bitcoin users, i think bitcoin dumped is not china and india government banned bitcoin, but because chinese users want to celebrate chinese new year another week, the end of february prices will skyrocket again.

Hhahahah, wtf I just read?
India is the country with the most bitcoin users?  Really?
India means 0. Maybe 0.1 but it's still closer to zero than 1%.

Where did you get that impression from? I'm not asking for sources for your claim cause it's obvious there is none.

Please once for all, stop with the nonsense.
Take a look where are the real companies that accept bitcoin, where are the people that hold bitcoins and not satoshi, where are the money, where are the nodes, where is development.

[ShadyMash]

never.its true India and China have highest population in this world but the people who know about crypto around the world is just 1-2%.people who using bitcoin is increasing day by day because this is a nice investment opportunity  for people and companies.so after few years India and china is small part of this huge cryptosphere.china ban the crypto currencies last year but nothing happen much.Bitcoin recovered from that and went to a all time high.it clearly show us the interest of people for bitcoin in the world increasing day by day.so KING bitcoin never depend on those 2 countries.

[Juggy777]

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 huge in Asian countries and without them its difficult for it to survive. South Korea is one of the biggest market and so is Japan its biggest patron. China and India are playing lot of influence on the price and its not good. I hope Japan becomes the no one country cause it likes Bitcoins, other wise India and China can end up destroying Bitcoins. It's difficult to imagine Bitcoins without them.

[Neconic]

In many ways the future and price of bitcoin depends on them. If they do afterall deny the policy of prohibition, and start somehow accepting and collaborating - then the price will drastically rise.

[fuer44]

no big deal if the banned bitcoin is in india and china. if japan started to banned bitcoin, then this would be a big problem. japan which is a country that said " finds bitcoin" closes bitcoin, then other countries would also question about crypto and crypto would surely be lost.

[xiaohao111]

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 don't think so. Bitcoin is in circulation all over the world. Although China and India have a great influence on bitcoin, it does not determine the development of bitcoin. I think Japan has more influence on bitcoin than China or India.

[sukoyomi]

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.

yes I agree with you, what we need to worry about is chinese, because china is one of the biggest contributor in bitcoin. but in the past year China has also given a considerable threat to bitcoin, but its result is bitcoin still going forward and bitcoin price is increasing.

[micher143]

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.

Bitcoin is now use almost in all countries that has internet, Perhaps, we can call it a global currency, since it is use almost worldwide. The issue about the dependency of bitcoin in  particular countries like China and India is seems to be just a speculation because of the volume of users in those countries, But there is no certain explanation about that. It is better to trust the technology behind bitcoin rather than believing on baseless speculation and theories.

[tophe15]

The future of bitcoin does not depend solely on the demand of India nd China. The market of bitcoin depends on the supply and demand of the whole users. However it can't be denied that the two mentioned countries are ine of the biggest user if crypto. And on the other hand, bitcoin is gaining popularity all over the world so if one country backs out it won't diminish the existence of cryptocurrency.

Exactly, maybe because there are large numbers of users located in both the countries that's why he asked about this. It really depends to us, the users who affects the supply and demand of it.

[ostrovagaly]

A large number of people use bitcoin directly in China, but since many exchanges are in the vastness of the Chinese Internet, it will partly depend on them bitcoin future.

[bit-freedom]

IMO, Bitcoin price is not dependent on only China and India. When there are fuds going on, Bitcoin price is affected. I believe if the fuds are about other countries, the price will still get affected.

[flower1024]

no big deal if the banned bitcoin is in india and china. if japan started to banned bitcoin, then this would be a big problem. japan which is a country that said " finds bitcoin" closes bitcoin, then other countries would also question about crypto and crypto would surely be lost.

I want to clarify one thing India not banned Bitcoin but they will not accept bitcoin as the payment mode. The media people are spreading a fake news like India banned bitcoin. and in India crypto trading is legal but you have to pay tax to governament.

And Bitcoin is not under control of just 2 countries. all over the world bitcoin investors are there suppose these 2 countries banned Bitcoin it will more affect Bitcoin future.

[supermine]

Bitcoin is an decentralized currency so it doesn't depend on any governments but there are the two most largest populated countries of the world so their ban may affect the bitcoin price but can not stop using them.But still even their government bans the bitcoin the users can use it and there will be no problem unless they convert them it into fiat.
But I don't think India is against the bitcoin that was a fake news created by the bitcoin haters now india is in the process of regulating the crypto currency since they are linking identification to the local exchanges.

[Semaj123]

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.

yes I agree with you, what we need to worry about is chinese, because china is one of the biggest contributor in bitcoin. but in the past year China has also given a considerable threat to bitcoin, but its result is bitcoin still going forward and bitcoin price is increasing.

China contribute a lot with btc, so I can say that there are lot of big whales in China with just my expectations. But btc still standing strong even though some nations wanted to ban btw. I believe more people are now adopting the technology that is why btc is can't easily be heated by the government.

[carlisle1]

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.

what is india and china?are this two existing?for me?I DONT CARE..bitcoin can stand without them,and this community doesn't have any concern about youre sentiment.because all we need to do stop listening and reading news .this move is enough to get rid of something like this post