India just BANNED Bitcoin? Will BTC now crash?

[Halcyon Days]

I think, as stated, India did not ban cryptocurrencies, they just want to ban illegitimate transactions. Overall, they want to look into the blockchain technology. This is once again is FUD, as we have seen it many times before with China or Korean news.

Check also this brief article:
https://www.crypto-news.in/featured/no-ban-crypto-finance-minister-arun-jaitley-reiterates-government-stance/

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[billknight]

India just BANNED Bitcoin? Will BTC now crash?

I think this is a good opportunity for us to buy more btc, maybe the btc price at the end of the year will be $ 25k

[tweetbit]

STOP LYING

They will not stop as they have self interest in doing so, they think bitcoin as a competition that need much FUDs to destroy. But it won’t happen as long people like you and me exist to defend bitcoin in such black propaganda with truth and trust the we give to this coin. Only the disappointed one will ever be believe this kind of lie just to compensate they’re idiocy.

Let them sell for they’re the one losing it.

[Baimovic]

yes, if we look at this, many countries are resisting and resisting bitcoin. including India. and of course the Indian government's actions have a negative impact on bitcoin value. do you remember what china did a few months ago? and the actions of china make the price of btcoin crash and fall. why can it happen? yes, because bitcoin is very sensitive, so bitcoin is very easy high and also very easy to fall.

[sirkings0003]

India just BANNED Bitcoin? Will BTC now crash?

No, this will not happen. When you look at BITCOIN alone, you may not see the bigger picture. If India ban all the crypto currencies, there are other countries.

[twingall1]

No.. more fuckery. Lets all be level headed; make a plan- be proactive rather than reactive

[HitbtcSCAM]

STOP LYING, the did not ban it why spread FUD?

[PalindromemordnilaP]

India just BANNED Bitcoin? Will BTC now crash?

Well, this is not new for bitcoin and i have read articles about india's plan of banning and for sure bitcoin will be affected by this just like what happened with china but bitcoin will always survive even without China and now India. And as i can remember, it was after couple of days after China's move that bitcoin skyrocketed to 20K USD.

[JohnHero]

Why everytime Bitcoin and the whole market goes down, the bad news about cryptocurrencies are just flying in the air? just why?

[twingall1]

so suspicious of the "..Bans bitcoin" headlines. Reuters and RT both got it wrong before.. they don't apply same high journalistic standards to crypto- its a weird niche and institutions are happy to mess with it

[eaLiTy]

There was a lot of fake news today all over the media about the ban of cryptocurrencies in India when the budget was announced ,the market certainly dipped after the news ,but i am not sure whether the market went down because of this news or not because i have not seen exchanges in India pulling big numbers like China or Korea when it comes to volume ,so a real ban must not pull the market down,either way from what i heard there is no ban as they are talking about illegal funds being squashed and cointelegrah came up with a article relating to that.

[Rozita]

What is happening is not normal. For sure there are persons behind these news and rumors. They want price to fall. It is very strange. Every day we hear bad news.

[Hafamot]

All are firm trick, they keep on shouting ban of bitcoin and majority financial services and institutions are keen into it everyday. The reality is it has being proven that it will definitely affect central banks and it subsidiaries if majority and individuals use digital currency rather than fiat note.

[jimrome]

If India really bans Bitcoin and Bitcoin crash because of that, Bitcoin should not exist.

Who cares about India?! Is there even 100 BTC in whole India?!

Fuck India and if Bitcoin crashes because of India, fuck Bitcoin!

Looks like you are really ignorant on the subject,first and foremost it is a fake news and i am not sure about the volumes they are pulling either way do you really think a country with more IT experts in a billion population wont be having 100 bitcoin,that is really lame .

[dynospytan]

India just BANNED Bitcoin? Will BTC now crash?

Is this a new for you?  Come on,  dont panic dude.  When china banned bitcoin a lot of people went crazy.  They thought that it will crash soo because a lot of people in china earning bitcoins.  But after that event we didnt expect that bitcoin price will continuesly rising. And now india banned bitcoin?  Just let them be what they government want to do.  It is not the end of bitcoin,  india is not just the country on earth.

[tweetbit]

Why everytime Bitcoin and the whole market goes down, the bad news about cryptocurrencies are just flying in the air? just why?

I think it’s the other way, they’re using bad news or making a black propaganda to make price go down. It succeed now because there is a big lope hole in new investors knowledge about this situation but many attempts they failed badly last year because the older investors learn they’re lesson as that days there are massive supports to strengthen or make the value higher, mostly now they want it lower to buy.

[macartem]

India just BANNED Bitcoin? Will BTC now crash?

I have not heard anything about the ban, and I think that this is not a fall, but an adjustment before a jump

[Washball]

All kinds of bad news and rumours are spread these, on purpose, just to create FUD to make the price decline. The news about India banning bitcoin is not really the real fact, they are looking for possibilities to regulate cryptocurrencies. This together with the tether issue, is spread at the same time that exchanges were hacked and big merchants ending bitcoin payments. Now that the price has declined, those who are responsible for all this, will be buying large amounts of bitcoin again.

[mx667]

Why everytime Bitcoin and the whole market goes down, the bad news about cryptocurrencies are just flying in the air? just why? I think it’s the other way, they’re using bad news or making a black propaganda to make price go down. It succeed now because there is a big lope hole in new investors knowledge about this situation but many attempts they failed badly last year because the older investors learn they’re lesson as that days there are massive supports to strengthen or make the value higher, mostly now they want it lower to buy.

I think Bitcoin will not go down just because some country decides to block Bitcoin. For example like my country, Indonesia and India are blocked, then various other countries are also blocking. I do not think it will affect Bitcoin. Even if it brings influence, the influence that is brought is only temporary. I do not think Bitcoin can ever be completely blocked. For example, like porn sites, many countries block it, but in fact many people can easily access porn sites only with Google. Even a small child can. Same goes for Bitcoin.

[farhaan]

India just BANNED Bitcoin? Will BTC now crash?

I am sure India didn't ban it yet. The finance minister said that bitcoin is not a legal tender in India and the expert committee recommendation is currently being reviewed. That means, you can't use bitcoin for purchasing or selling of any goods or services. But they didn't mention anything about bitcoin holdings of the individual citizens. They didn't ban investment in it. I watched it live so don't fall for any useless newspaper reproducing it in their own language.

 If you are holding bitcoin in India, you are not doing anything illegal. So that is not the reason for the bitcoin's downward price trend. There must be some other reason and I will appreciate if anyone can point it out.

Yes it has not been banned till now officially. Just an announcement has come from the finance minister that it is not legal for payments and yet no actions have been taken. Just some people trying to spread FUD.

Six months earlier,the indian government formed a committee to give its suggestions regarding legalizing virtual currencies.Hope that its report has not been yet submitted to the government and the finance minister is just waiting for the committee's report to proceed further.