India just BANNED Bitcoin? Will BTC now crash?

[poot89]

As everyone said, you don’t need to panic. Bitcoin is such a big market that it cannot be said to crash overnight, and India is not the first country to prohibit Bitcoin. I believe Bitcoin will overcome all these difficulties and then Return to the normal market.

[adjk7]

The huge amount of cost support will not result in what you say. The short-term supervision of policies is not good, but it is good for the development of Bitcoin in the long-term.

[Domenc]

As everyone said, you don’t need to panic. Bitcoin is such a big market that it cannot be said to crash overnight, and India is not the first country to prohibit Bitcoin. I believe Bitcoin will overcome all these difficulties and then Return to the normal market.

Investigating the matter, seriously just found that no such decision has been taken yet. This news seem to be rumor to disturb the market nothing else, I believe that India being a developing country will definitely bring proper rules for crypto currency market.

[Momoamzad]

Only India is not a country that banned btc. Before that chaina  . Russia. Korea also banned btc. But btc still in position. Although price down a lot but still king of all crypto currency. So I don't think this is not a big deal.

[bitcoinskyrocket09]

No it will be not trash or it wont crash, even india has a big part in btc or really all countries that  has bitcoin in theur land has big part to btc,their are too many supporters and big alliance of btc if a country will ban a btc because just think of the crisis that China has banned btc, just look that btc increases more and more in that time so even though a country will ban btc still it cannot be crash.

[Turagsoy02]

I just read a lot of topics like this about India just banned, for the fast answer to your question the answer is no still bitcoin can hold it will not crash.

[ekans45]

They did not ban anything! Keep selling though, you won't learn until you actually lose some money. If some people wouldn't buy high and sell low the whales and traders wouldn't be making money on them.

The most likely scenario IMO is China coming out with a news that they're deciding to open regulated crypto exchanges and everyone trying to buy back before it's too late. People are so easily manipulated...

News about banning bitcoin in some countries is not new to us, it has been always a scarecrow for the avid investors of bitcoin, but it never really affect the existence of bitcoin in the market, it may affect the price, but probably not the stability of the technology and the faith of the investors, because bitcoin remains to be strong in the marketcap where it is rolling.

[haxker007]

Just the government of India prohibited the cryptocurrency and they suspend to utilize Btc. They not view cryptocurrencies as legitimate delicate and will endeavor to eliminate payments utilizing Btc. They would it be able to in light of the fact that they will battle the illegal tax avoidance and the financing of fear mongering.

[7788bitcoin]

Only India is not a country that banned btc. Before that chaina  . Russia. Korea also banned btc. But btc still in position. Although price down a lot but still king of all crypto currency. So I don't think this is not a big deal.

The title is false, i could not find any news regarding any ban in India, It is a typical fake news and even if India ban the use of bitcoin, how the global market will get affected as i am not sure how much volume they are trading per day , but i am sure there are less users even though the population is high.

[taxmanmt5]

I have read the article too and to my understanding they did not cited out that Bitcoin will be banned in India but rather eliminate the usage of cryptocurrencies in criminal cases because these digital currencies are untraceable which is true. There has not yet any solid confirmation with the banning of cryptocurrencies but we'll see in the next few months if it will be implemented and if so then bitcoin for sure will dip down again.

Even if it is banned, Since there's a lot of people using bitcoin and to let go interest for them is hard. It will never destroy until its price goes to 1$ or decrease more. Not only India, But other countries like  china, and south Korea also  did the same they banned the use of ICO. But bitcoin don't crash. It survive and become number one in crypto list .

[Koobtcgal]

It will depend on how community members will spread the news. If they spread the news with bad intentions for weak hands to panic and sell, then the market will crash again but if they encourage people to hodl despite the recent ban of cryptocurrencies in some countries, then the market will keep in shape. Still not fount the article where bitcoin is banned in India yet though.

[icomap24]

In India was have launched a cryptocurrency trading platform Coindcx in the midst of regulatory uncertainty.. Sumit Gupta the founder and CEO of a new Indian digital currency exchange  Coindcx wants to give India’s thriving blockchain community a chance to stay alive and give it the strength to keep pushing for progress.
Source: https://news.bitcoin.com/coindcx-launches-indian-crypto-to-crypto-exchange-amid-regulations/

[cleygaux]

And I dont think this banning of bitcoin from different countries will caused it to crashed and die the cryptocurrency market is too strong to collapse its only a fud and whales are profiting with it from panic selling from weak hands.

[lissa brak]

India is not now a country that can affect the course of development of the crypto world! Why not write that other countries are more and more opening their doors to bitcoin? !! Serious crypto organizations and miners are leaving China today! Soon such countries as China and India will not affect the development of the crypto world

[saumang2m]

The Indian government is not fully banning Bitcoin. They can therefore reduce the illegal money transition that comes with Bitcoin, so they have made new rules on Bitcoin so that the government can bring a reduction in people who use illegal money in their country. But some people think the Indian government has banned Bitcoin. The people using Bitcoin are selling their coins at a lower price. Despite all these rumors, Bitcoin's market may be down slightly but Bitcoin may not crash completely

[trollercoaster]

They haven't banned it. They brought some new regulations to how bitcoin works under their legislation. I think this will cause ntc to rise in the long run...

[crustycrab666]

And I dont think this banning of bitcoin from different countries will caused it to crashed and die the cryptocurrency market is too strong to collapse its only a fud and whales are profiting with it from panic selling from weak hands.

In addition, it should be understood what part is forbidden. Do not be easily provoked headlines, we must understand the contents. It could be prohibited only use as a means of payment or other.

[so_stupid]

today - banned, tomorrow - will dilute. Do not believe the rumors ever. Big players are buying media. It works very well for them

[oni4an]

These bad news everywhere, they give the opportunity for big players to be able to redeem cryptocurrency at lower prices when they fill their pockets the market will grow and we will only see the good news)

[tengek37]

India just BANNED Bitcoin? Will BTC now crash?

at this time the price of Bitcoin dropped considerably compared to the price a few months ago.
I do not expect this to happen but the fact that India is helping Bitcoin makes the price of Bitcoin down. However I hope Bitcoin prices will recover.