India just BANNED Bitcoin? Will BTC now crash?

[dridinho]

If you look at how many people india has you will say bitcoin will crash without doubt but if you look after that at how bitcoin market act in the last few years you will say we will never know .

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[jack8989]

Yes maybe it will have another crash due to this event, India is a big country and there are many investors in India also, losing so much investors will lead to another dump because people will sell all their Bitcoin to the markets cause they don't want to against the law.

[noormcs5]

India just BANNED Bitcoin? Will BTC now crash?

Bitcoin is not being banned in India. This is just being wrongly projected in media. If you listen to the indian budget , you will clear see that he is talking about bitcoin will not be regulated in India. This does not mean it will be banned in India. It was not regulated before and it will not be regulated now. So nothing much has changed but the FUD caused a lot of panic selling at that time a month ago.

[BitcoinMarshal]

This is nothing new and this news is not going to have any impact on bitcoin price because Indian government is very stick about this from start and they never encourage peoples to involve in this and its not going to hurt too much peoples in this country as they still enjoying with this and doing trades also as government cannot trace peoples and they can exchange this with some other digitle currencies and can cash them in local currency very easily

[guxu219]

FUD FUD FUD FUD alert,  if this is truez then the Indian government are just trying to create fear in the market so that you all can sell your coin at a cheap.  Use China as an example,  China has declared bitcoin banned getting to over 5 times now,  yet we still see large volume of traders springing up from China daily.  This news is just to create FUD in the crypto community.

[camelson]

There is no chance that BTC will crash because of Indian ban. These kind of news certainly effect bitcoin price but in long run these news are nothing. Indian Government haven't banned bitcoin, and now they are thinking about launching its own blockchain. This thing has no end.

[Xising]

India just BANNED Bitcoin? Will BTC now crash?

This is not the first news about the Bitcoin ban, why should it be a disaster? Moreover, they want to introduce blockchain technology into the banking system. I believe that the decline in bitcoin prices is not at all because of this!

That's right. Also, you should take note that many ICOs originate from India. Therefore, them banning it would be a bigger blow to them that it is to other users in the world. Therefore, I don't that's going to last. I see it similar to how China did before. They banned Bitcoin due to their personal aim of introducing their own cryptocurrency and to support those cryptocurrencies originating from their country. It's an up-and-coming market, so I don't think that it's a smart move to walk away from it, and I know that they know that.

[freightjoe]

India just BANNED Bitcoin? Will BTC now crash?

Wrong question. BTC is already crashing - the only thing that can be debated is how fast or slow the downturn will be

[alihasangoto]

Is it true that india banned bitcoin? If so it will effect the bitcoin for some time . Bitcoin is not going to crash

[Rinzo]

in my opinion, the ban will create artificial scarcity as people will be looking for other ways to acquire or sell the bitcoin they have. this scarcity will in turn increase the value of bitcoin

[Spaffin]

India just BANNED Bitcoin? Will BTC now crash?

This is a little unreliable information. In India, bitcoin is not prohibited. There and then, citizens use bitcoin and other crypto currency without any restrictions. It began to speak after the Reserve Bank of India recommended to other banks to stop rendering services in the crypto currency. However, the very prohibition of the crypto currency was there. Such a decision of this bank can not have a significant impact on the use of crypto currency in this country. Also, this did not have any effect on the depreciation of the crypto currency.

[jonatuzc]

There is no chance that BTC will crash because of Indian ban. These kind of news certainly effect bitcoin price but in long run these news are nothing. Indian Government haven't banned bitcoin, and now they are thinking about launching its own blockchain. This thing has no end.

Every time we listen such sort of news, they are based on wrong facts. I might think they are just a part of propaganda that is being planned and executed over the performance of bitcoins. People can’t see this bitcoin rising up and like it is being famous and popular in such short period of time, they start hating it. For the reason only, they spread such sort of news to made bad impact.

[andrei214]

India just BANNED Bitcoin? Will BTC now crash?

Bitcoins banment in India, could be a big challenge for bitcoin industry.For they needed to be more wise with every decision and make more ways for bitcoins popularity to grow more and be accepted by other countries.

[Techie5879]

I live in India, and its not banned here. It was just announced that RBI-controlled entities, that are basically banks, should not deal in bitcoin anymore. It just means that we cannot convert out BTC to INR. Thats just it. What it doesnt mean, is that BTC is banned in India. It was clear that holders could still hold and use bitcoin, just couldnt convert it to INR anymore. Just stop posting all these FUD, it just dampens the spirit, and hurts bitcoin as the support level gets hurt after seeing this stuff.

[KingOfWinterfell01]

India just BANNED Bitcoin? Will BTC now crash?

Nope. Even if India bans bitcoins, there will always be underground operations. It follows banning. It will only cause massive amounts of followers. One day, the Indian government will most likely lift the ban because many of its citizen is enjoying the benefits of bitcoins.

[predictors]

people should probably have their facts before engaging in an allegation such as this. Read article not follow headlines,India Finance Ministair told that crypto will be not recognised like a legal tender.They will not accept crypto like a currency. First was hype that India legalise btc now is fud that India ban bitcoin. India need to regulate crypto, same like S.Korea is doing

[nadeemktk]

This is ridiculous I heard from experts that they are going to regularize it

[fritzwalter195]

It didn't banned bitcoin, as far as I understand they are looking to regulate, India is one of the major countries that more use bitcoin in the world.

[melonbtchunter]

India has not banned Bitcoin yet. The Indian Finance Minister said in a meeting that rather, they are encouraging the people accepting the bid of BTC validity. That is why some people are taking different steps to prevent them from engaging in various crimes including immoral acts and frauds. Hopefully Bitcoin will now crash.

[Beparanf]

It didn't banned bitcoin, as far as I understand they are looking to regulate, India is one of the major countries that more use bitcoin in the world.

That's how FUDs happen, making opposite story of what is reaaally stated, we must so proper reseach, don't always go un the flow make our own analysis as much as possible.