What is your view on 2018 about crypto in India?

[angela24]

2017 is a great year for bitcoin and altcoins. Cryptocurrency got a huge popularity through local main-stream media. Even negative feedback cause awareness about crypto which was unknown to many people. From the end of 2017 the whole market loosing it's value and there is no such development seen since two months. Zebpay and Unocoin both two major bitcoin exchanges now allow 4-5 altcoins to trade against INR. But still the regulation is as usual nothing changed since a long. What is your expectation? 

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[TRS-HARDWARE]

It can be good for indians if regulated by gov. And overall it has a potential to gain more value in upcoming days. Current situation is bad but it is not surprising. This is a normal phenomenon.. now in my opinion, btc price has been positioned in 10000 usd and this price can reappear many times due to ups n downs in coming days

[dongamk]

Just need to recover. Good time ahead.

[racheta]

I guess by the year end crypto might be regulated in India
I don't think it will be banned or such
but there haven't been any ICOs in India as such to cause any issue, right?

[Soundharthulasi]

Later 2017 bit coin market going very largely ...currently pennisula and japan bitcoin as thier one of curreny for forthcoming year india going accept the bit coin

[Pattberry]

Zebpay and Unocoin both two major bitcoin exchanges now allow 4-5 altcoins to trade against INR. But still the regulation is as usual nothing changed since a long. What is your expectation? 

We have more exchanges that trades alt coin and since you posted this well before the RBI circulation, the things are not looking great, it all depends upon the case that is filed against the circulation and some of the exchanges that i am in contact with informed that they will be starting the INR transaction from next week as most of them halted their transaction once the circulation was out. I enquired about the expected changes but the support team could not give more clarification but told that is what the back end team informed them.

[botany]

2018 has already been an  eventful year for cryptocurrencies in India. We have had the RBI order asking for banks to cut their links with cryptocurrency companies. We have had the Coinsecure hack. Resolving these two will be more important than any development on the price front.

[hdclover]

Many Indians might leave the cryptocurrency market because our banks and RBI is fucking up with the investors. Only interested people will continue that too by using foreign exchanges. Get rich quick guys will vanish after this.

[botany]

Many Indians might leave the cryptocurrency market because our banks and RBI is fucking up with the investors. Only interested people will continue that too by using foreign exchanges. Get rich quick guys will vanish after this.

Do not assume that buying at foreign exchanges will be easy and smooth in the future. You still have to transfer money from your Indian bank accounts (which are governed by the RBI). Don't be surprised if banks stop transfers to foreign exchanges, saying that it is against their terms and conditions.

[shekhar0005]

Many Indians might have left the cryptocurrency market because of RBI regulations. Only interested people will continue that too by using foreign exchanges.

[drmilind2004]

For India, with the elections due in May 2019, YR-2018 is essentially a "shake nothing, disturb nothing" phase. Only urgent matters will be 'patched', everything else will be in 'kick the can forward' mode.

The real approach of the Indian Government toward all matters crypto will be formulated in 2019,  2020.

So, expect 2020 to be the real game-changer. And, to some extent 2019 as the foreshadowing, test phase of whatever new approach the fresh team (even today's team continuing counts as fresh!) configures.

[ankurguta87]

No one knows which currency is going to hit the economy at what time……means no can be accurate to this question.

As per rumor india is going to have its own crypto soon and definitly it ll have its own crypto which will be regulated by RBI. In the mean time it is my advice to collect some free coins from ICO and keep it for 5–10 years for a good return.

Reserve Bank of India (RBI) has barred Indian banks from serving Bitcoins & cryptocurrency exchanges.  We need to look at countries similar to China, and now India, to understand the implications on the flip side.

[@prashant]

Many companies have filled a lawsuit related to rbi ban on btc-inr transaction,soon it will lifted of as crypto is great tax income for the country through exchange.but it will take 1 year more to settle everything out in my opinion.we can see adoption of blockchain technology by native companies and use of it as payment in nearby future.

[superstarbtc]

the indian crypto market is in confusion state now court hearing if court hearing is positive we can see so many exchangers coming up and accepting bank payments

[botany]

Many companies have filled a lawsuit related to rbi ban on btc-inr transaction,soon it will lifted of as crypto is great tax income for the country through exchange.but it will take 1 year more to settle everything out in my opinion.we can see adoption of blockchain technology by native companies and use of it as payment in nearby future.

Cryptocurrencies are a great source of tax income? Where did you get that information from?
Cryptocurrencies have a very niche audience and will contribute only a negligible amount to tax revenues.

[hacholia]

We are very hopeful that crypto win the fight against RBI. We all signed the petition against recent RBI ban. Delhi supreme court hearing the matter and already issue a notice to RBI to explain the reason of ban.

Be positive   

[soniraja]

I think it is good time to purchase I means There are great opportunity to doing better in 1018 if we invest  or some purchase coin now some money then we gain profit last November to December

[HaXX0R1337]

Cryptocurrencies are a great source of tax income? Where did you get that information from?
Cryptocurrencies have a very niche audience and will contribute only a negligible amount to tax revenues.

It is a fact that the market is really low and the government would not bother the taxes they are going to get from it, when it comes to technology they have to be serious and try to understand the new market and make sure it is able to come up with a regulation so that they could create new jobs and solutions rather than shutting it down. The current government has not done anything good for the common man and i do not expect anything different from them either.

[Tushar Ramani]

Crypto is at starting phase. Just hold for better future.

[amishmanish]

The way the economy around bitcoin will develop is that people will use it to buy services and goods. The majority of trade is in services. Even if you look at the forum itself and the bug bounties offered, you can see that the scope to earn bitcoin depends on providing IT services.

I think the clarifications submitted to Supreme Court by exchanges will include these arguments. India is one of the backend offices of the world in terms of services. So who better to become the next workers in line in the crypto economy. If we turn out to be smart enough, maybe Indians could even be amongst the innovators. This will be one aspect in which I see bitcoin can contribute by becoming a source of freelancing jobs for the score of jobless engineers graduating out of our institutions.