How is India affecting Bitcoin prices ?

[isyot12345]

Recently, Indian media reported that Indian government has banned bitcoins in the recently announced financial budget. It caused pan inc and Indian investors and prices were affected globally. Let us discuss how much impact India has on bitcoin prices overall.

Indian people become affected those reported media announcement of banning the bitcoin into there country,some of them become FUD,thats why the price value of bitcoin will go down in the market,and like, us they also affected by dropping the value,because many indian people depend on the digital currency investment.

[sergeykravcov177]

Bitcoin will be popular in the United States and other European English-speaking countries. India watching news and reading posts does not particularly focus on the crypto currency.

[st tiger]

Bitcoin demand is much higher in India, because India is a suitable country for growing bitcoin. And if Bitcoin is closed in this country then there will be many complaints for Coinmarketcap.com. India is known as a continent. If the Bitcoin is closed on the continent, then there will be many problems. So it is necessary to discuss this matter. Because Bitcoin can not be closed.

[QuestionAuthority]

Only two major Indian cities have a continuous water supply and according to an estimate from 2008 about 69% of Indians still lack access to improved sanitation facilities. A study by Water Aid estimated as many as 157 million Indian or 41% of Indians living in urban areas, live without adequate sanitation. India comes top for having the greatest number of urbanites living without sanitation. India tops urban sanitation crisis, has the largest amount of urban dwellers without sanitation and the most open defecators at over 41 million people.

With 600,000 villages and 70% of its population in rural India, here are the real problems facing India’s acceptance of bitcoin.

Insufficient Power
Improper Irrigation
Polluted Drinking Water
Inadequate housing
No Roads
No Health care
No Education
No Telecommunication

If you factor out the people in India that have absolutely no ability to use bitcoin you’re left with a population of approximately 300 million people and more than half of those are technologically illiterate. India is of no consequence.

[lanareyDEY]

On February 1, the price of bitcoin fell to almost $ 9,200, against the backdrop of the latest news from India, which could introduce tough measures to use crypto currency to fight their use in "illegal" business.

[Hui8]

Nope India never declared that they have made the bitcoin illegal currency in their nation. What they declared is that it is just illegal tender and use of which is responsibility of the owner itself. Banks have their own authority to regulate it so they may accept the deposits or withdrawals of the same of they wish to do or not. However that is really old thing now and people have already surpassed the news and started the trades of bitcoin once again. This cashed panic sell at the time of release of this news and the effect was observable on the market when it crashed suddenly. But when people came to know real news they got to know that they can still Tarde it on their own risk. And everything was back to normal. So current situation is different and it relies on different data.

[lanareyDEY]

On February 1, the price of bitcoin fell to almost $ 9,200, against the backdrop of the latest news from India, which could introduce tough measures to use crypto currency to fight their use in "illegal" business.