India just BANNED Bitcoin? Will BTC now crash?

[sann111]

Do one thing people:

Go on facebook and twitter and inform people about bitcoin and ask them to buy, post it in comments under various groups. It doesnt matter if facebook is banning ads, you can still help even if you create fake accounts and post from there. It all depends on you to inform the public, the more people the higher bitcoin can rise.

Do it now before its late.

[prabhu]

This is not true news bitcoin does not  to ban in India. Bitcoin investing is a personal choice.In the event of loss, the government will not be liable.Investment in Pitcaiin in India is not recognized by the goverment

[sunno330]

We have seen thousands of news saying that some country banned bitcoin but still the price went up to 20.000$ last year. We cant know for sure if those news are true or not until the governments will make a public announcement at the tv's or in the media that they are against bitcoin and they will create a law to restrict bitcoin

Yes, you are right. Anyone can obstruct bitcoin with any news. If a big investor will go to sell/stolen then market can falling down sometimes. Not even die or crash. So banned or illegal its doesn't matter.

[conanmori]

People who dont will panic about this are all unintelligent and noob who never learned from the past. How many times does bitcoin becomes like this and still keep pumping at the times. They should know how to take some patience you buy high you sell low that was really not a good move so dont panice just wait and relax let them dump go buy.

[Blueblade]

 I think this is not true news.Federal Finance Minister Bitcoin is investing there is no connection to the government.For investment in this,he has said that there is no security.
Mukesh Ambani's Reliance Geo Company (INDIA)The JIO COIN ( crypto currency) is reported to be released.

[semobo]

People stop saying that bitcoin is banned in India because it is not,please understand that statement in the right way.Bitcoin was never considered as a legal tender in India but they are not against it.There maybe a new laws will be implemented to use bitcoin in their country but nothing hapoened yet but the FUD already created the price fall pretty much.

[almtu]

“The government will explore use of blockchain technology proactively for ushering in the digital economy,” he said in his speech.

https://cointelegraph.com/news/india-bitcoin-prices-drop-as-media-misinterprets-govts-regulation-speech

In my opinion this is just the way they want to improve the way they negotiate in the coming months. The enlargement of its possibility to make bitcoin settlement in India.

[CodyAlfaridzi]

India just BANNED Bitcoin? Will BTC now crash?

Well, finally Bitcoin make the $8K bear scenario a reality. Took quite a long time and a lot of bad news for this to happen. eh? After the Tether and Finex thing, facebook ads banning, and now this. People have called a correction to $8K since Bitcoin was at $19K ATH. I never thought it was ridiculous, I kinda hoped that it will happen. Now it does happen and I'm fine. Honestly I think it won't go lower than $8K, we shall have a nice bounce from here. If you have some fiat left, buy now!

[onrise]

I think this is not true news.Federal Finance Minister Bitcoin is investing there is no connection to the government.For investment in this,he has said that there is no security.
Mukesh Ambani's Reliance Geo Company (INDIA)The JIO COIN ( crypto currency) is reported to be released.

Just to clarify about JIO coin it is still at initial stages and their is no chance that it will released soon. They are working on it and once things do work out they would need to get nod from government and it will take time for government also to give nod as they will have to frame the laws accordingly if they have to approve it. So its a long time in making .

[BORNEO82]

I also heard it like that in INDIA, but not all countries forbid it, even some countries that recognize this bitcoin a lot of advantages, but there is no legal basis governing the movement, and this should be immediately thought, hopefully this bitcoin in the coming year accepted in all countries

[Mhedz]

I heard it many times,some country banning bitcoin in their country,price will just go down due to FUD,fake news but still rise after eventually.If india will banned bitcoin,it won't affect too much because this country is not a big one. There's still lot of countries that accept and legalize bitcoin.

[btccointalk]

If India has really banned bitcoin than it is better to sell the bitcoins as soon as possible.

[mdayonliner]

You know what it's a shame for us. You are counting words from those people who do not know nothing about Bitcoin/cryptocurrency. They fear this because some day we will take over their control. So what they are trying is creating FUD to break you and you are responding to their trap. Look around listen to the community you are in (this one) avoid this yellow media. They are not here to help you! They are here to destroy you!! When will you learn???

My point is if you blv in crypto currency in the first place then if even BTC goes down to under 100$ i think you won't be worried. JUST BUY coz im sure you missed the boat when it was under 100$ or even 1000$

[nianshaoqingkuang]

Is Bitcoin not falling all these days? But not necessarily because the news is not good news for bitcoin, but the real cause of bitcoin's recent decline is not these, but the first two months rose too fast, out of the objective law, and now it is down some normal

[oddwh]

Still a FUD from medias. It's hard to know the exact amount of times that BTC was "banned" or interpreted as banned in a country. It seems like we really have the same scheme than what we had in early 2014.

This interpretation is funny : for them, something "not legal" is illegal. In fact this is different, something not legal is not illegal, but governement just hasn't regulated it yet. Currently, there is almost no country where BTC is officialy legalized as payment system, so that would mean BTC is illegal in the whole world ? Seriously...

[Shwester]

There is no confirmation from the government about banning cryptocurrencies.

[drm]

There is no confirmation from the government about banning cryptocurrencies.

It has already been denied, no plans for a ban. Just like all the other news lately.

[zander09]

Is Bitcoin not falling all these days? But not necessarily because the news is not good news for bitcoin, but the real cause of bitcoin's recent decline is not these, but the first two months rose too fast, out of the objective law, and now it is down some normal

I agree, bitcoin increase so fast last year and some people know that bitcoin will crash after it reach a high price and it's happen now, bitcoin crash not because of the news I think it crash because it's increase so fast before.

[jasonphilips]

It's not being banned, just being regulated so that illegimate(black money) activities can be tracked. I don't know why is there so much hype in the market. It's time to buy people.

[qwesasd]

India does not ban Bitcoin, I think it is a rumor, you need to calmly think rather than easily believe in others, the decline in bitcoin prices has caused most people's panic, this time you need to wait patiently bitcoin.