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Author Topic: India banned bitcoin but I don’t want to quit bitcoins ??  (Read 383 times)
Jerrycryptofield
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April 11, 2018, 12:16:53 PM
 #41

I think you have taken the best decision. Because crypto in not banned in India as a whole. RBI just said that they will not deal with bitcoin. The news that it is banned in India is just a FUD. You can certainly be on Bitcoin and there is no reason for you to quit it.
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April 11, 2018, 02:31:21 PM
 #42

hmm, i think there is still one way to keep doing bitcoin transactions, that is through "underground" path. but it seems to be very difficult and could be illegal or criminal. you can sell your bitcoins to other foreign currencies that are more commonly accept bitcoins, such as dollars, euros etc. after that, the money you have converted into local currency india, can through paypal and other services.

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April 11, 2018, 02:47:08 PM
 #43

Keep earning bitcoins, and if you can find someone you trust in another country who can help you liquidate your bitcoins and send the money to you then you should do that.
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April 11, 2018, 06:06:52 PM
 #44

India forbids bitcoin as a method of payment or service. We must continue to access bitcoin, because this is the main source to reduce economic problems, hopefully the government will assume that bitcoin is our main economic supply, do not panic with everything related to crypto. I will continue to support cryptocurrency forever.
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April 21, 2018, 10:02:37 PM
 #45

Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
Don't think too much about it. Till now Govt of India has taken no step against crypto legality, but RBI has opposed and refuse to support Crypto transactions. So there is nothing illegal about this. You can locally exchange BTC for Fiat or can use some platforms like remitano to exchange your BTC for Fiat at international level.

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April 21, 2018, 10:19:54 PM
 #46

Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
nothing to worry brother. you can still buy and sell bitcoins and altcoins anonymously via exchangers or trusted online exchange websites. You shouldn't stop trading bitcoins as someday Indian government will lift the ban surely.

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May 11, 2018, 03:29:39 AM
 #47

.. please advice me what can i do in this situation
Move to Pakistan.  The people are just about the same and it is nearby.  Pakistan will let you Bitcoin just fine. 

Your suggestion of moving to another country can be a solution. but to move the country requires a long process and the big money. If I think it is better to choose one that is good, it will survive or not, if I stay afloat for bitcoin
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May 11, 2018, 03:31:47 AM
 #48

as long as bitcoin still has a price, i will still look it up. well, I guess those who banned bitcoin, will regret someday. when a country makes good use of bitcoin for the benefit of a country, it is likely that bitcoin can pay off debt, or improve their economy. well, i think of it like that.

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May 11, 2018, 03:31:52 AM
 #49

Where did you hear that statement? The central bank of India just restricted banks from dealing with crypto exchanges.

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May 11, 2018, 03:38:49 AM
 #50

for such situations is a bit difficult to give suggestions, but if we force too, then nothing is produced or can be said to be useless .. so inevitably we must follow the rules that have been made.

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May 11, 2018, 03:47:28 AM
 #51

Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
Maybe you can use a crypto debit card, just withdraw it in atm. But are you sure that it is already banned in india?  I Mean you should double check because I have not read any banning from the internet. If this is true why there is no news surfacing about this?
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May 11, 2018, 05:25:18 AM
 #52

Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I won’t be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation

Option 1:  Move to another country

Option 2:  Open up a Foreign Bank Account , and use it as an intermediate between an exchange in a foreign county and your local Indian bank account.
The Exchange has to have a sell bitcoin to fiat option. Transferring only fiat between your local Indian bank and the foreign bank bypasses their censorship.

Option 3:  Use a Paypal account as an intermediate between an exchange in a foreign county and your local Indian bank account.
The Exchange has to accept Paypal.
SouthXchange.com used to accept paypal last I remember.

Option 4:  If you are paid in bitcoins and only need to convert it to Indian money, just use your bitcoins to buy giftcards and spend the gift cards.
Go to https://www.gyft.com or https://www.egifter.com or https://www.cardfy.com and purchase the desired Gift Card with the BTC

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May 11, 2018, 05:29:18 AM
 #53

.. please advice me what can i do in this situation
Move to Pakistan.  The people are just about the same and it is nearby.  Pakistan will let you Bitcoin just fine. 

Your suggestion of moving to another country can be a solution. but to move the country requires a long process and the big money. If I think it is better to choose one that is good, it will survive or not, if I stay afloat for bitcoin
that is what we are also facing that problem and i am also thinking about to move to somewhere else where i can freely use bitcoin,  because i am earning a good amount of money from bitcoin trading and i am not in position to quit my online business.

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May 11, 2018, 05:32:38 AM
 #54

I never intended to give up or not use Bitcoin or altcoin at this time! For me, Bitcoin and altcoin will shape a modern means of payment in the future!

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May 11, 2018, 05:38:06 AM
 #55

I can only insist on your dream in this matter, maybe you will get great returns in a few years. The government usually excludes bitcoins out of the protection of its own economy, because they think bitcoin will only destroy the stability of the current economic order, and do not bring taxes to them.
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May 11, 2018, 05:56:41 AM
 #56

But as far as I know, India has not banned bitcoin.
So your source? Or just a FUD?
Read this thread https://bitcointalk.org/index.php?topic=3263490.0! there is a news source discussing this issue

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May 11, 2018, 06:06:19 AM
 #57

now things you can do only by moving to another country that does not prohibit bitcoin, pakistan I think is suitable because not too far from your country, there you can continue trading and investment with bitcoin.

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May 11, 2018, 06:13:36 AM
 #58

But of course, we should not be affected of one nations decisions. countries that accepts bitcoin are more in number rather than those who ban it. Let us go on.
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May 11, 2018, 06:16:51 AM
 #59

mate i have been having bitcoins since 2009 but never tried doing it in india . india is too far from even understanding the tech and will always be 20 years behind any western country thats a tragedy
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May 11, 2018, 06:20:03 AM
 #60

Things may happened in some reason and we do not need to loose our dreams and be affected on some things that may happened out of our mind, they have their own reason why they banned it in their country, i think if where living in the same country i suggest you to migrate in other country where bitcoin is legal and you can use your bitcoin for sure.

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