Bitcoin future in India

[Reatim]

The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?

I estimate that it will have a impact but we don't know how huge its gonna be. Remember that there are a lot of Indian investors as well and it was reported that they have poured millions if not billions worth of USD on the market. So the recent Supreme Court's decision to upholds RBI's will have a impact definitely. But we still have to wait because bitcoin is still making a good run even though this negative news was in the crypto related websites in the last couple of days.

[mohammedmattar]

I see that the door is open and has not closed and this means that the government
She wanted to study it carefully
Until it makes its right decision
In the end, they will recognize this trade and become a reality on the ground
This is good for the market because India is a huge market

[ajuelnah akun]

I think it's much better, the use of bitcoin in real life is much more important than pumping the bitcoin itself. The central bank in India prohibits the exchange of transactions using rupees, but the Indian government gives freedom and supports the use of crypto money itself. This means that people in India can freely use bitcoin and other crypto money to do business in a peer-to-peer manner, but require a lot of merchants to receive payments using bitcoin directly.

[nagendra1976]

if RBI stopped bitcoin in india, it will effect the growth of indian economy towards bitcoin, as india is a developing nation, already developed countries are using bitcoins.

[Pursuer]

sooner or later their government will realize that they can not control the flow of bitcoin as they will continue to see that their people are still adopting bitcoin by the thousands and there is no stopping that. what the RBI did only means they won't be able to track who has bitcoin and who doesn't and how much since people are not using decentralized methods such as face to face trading to buy bitcoin.

[Sanu Simon]

Till date there were several issues related to bitcoin and cryptocurrencies usage over different countries. India is not an exception to it, in the past when similar news came out the market got affected because lot of users left the cryptocurrency network. Now people have understood it in a better way, and the volume of circulation happening over the respective country hasn't decreased as people continue to use it through one way or another.

[Rapidgator]

The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?

BTC and All crypto don't have any future in india at all.

[budismile]

India has come up with methods to trade in the world of crypto, as well as the philippines have legalized Bitcoin. I think this is very impact on the market.
other countries will definitely not want to lose compete, sooner or later surely all countries will use Bitcoin. it is certain the price will be affected, Bitcoin prices will surely soar. Make sure you have Bitcoin at a high Bitcoin price.

[nsndasod]

India will lift the ban on Bitcoin in the near future. This is what most governments will do slowly. Bitcoin development can’t stop it. They can only lift the ban on Bitcoin.

[sakahayang]

The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?

No matter there is a limit on the important Bitcoin trade is not banned, so people in Indian country can still trade using Bitcoin.
I think the problem in one country alone will not affect the market price, Bitcoin is worldwide, it will not fall by just one country.
the mechanism of P2P could be the reason the Government of India to be able to legalize Bitcoin, so that the economy in India can be evenly distributed.

[BTCLovingDude]

from what i have seen so far from Indian, they understand the power of decentralization and bitcoin. that is why they have been so involved with it and have been accumulating it so far. we may end up seeing a large percentage of bitcoin supply belong to them at some point in the future if we don't catch up.

also lets not forget that bitcoin or trading of it is perfectly legal in India so there is nothing even slowing them down from buying bitcoin.

[sitnibtc]

we'll have to see if india will remove that ban. but im positive as other countries now are starting to adopt crypto and soon all over the world. countries will soon realize that bitcoin is here to stay.

[Lexurdania]

Since bitcoin Futures open, bitcoin price decline sharply. Before bitcoin futures open in CME chicago, bitcoin price reach $19k and after that, bitcoin price decline to below $6000. Hopely when bitcoin futures open in India not affecting on bitcoin price and hopely can increasing bitcoin price

[Alexbenua97]

Another good news in the world is today's crypto currency. Looking forward to the growth of the bitcoin friends?

[muslol67]

India is very important for crypto money markets. If there is a complete ban, we may be in a very bad situation.

[littlePig]

As bitcoin becomes more and more developed and used around the world, the Indian government will consider and remove BTC ban in this country

[Sithara007]

The current government was hostile to Bitcoins, but they stepped short of banning the currency. Elections are due in about 9 months from now, and indications are that Momta Bonerjee will become the next prime-minister. She is a radical communist and if she wins the elections, then the Bitcoin users may be in for a hard time.

[Kemarit]

The current government was hostile to Bitcoins, but they stepped short of banning the currency. Elections are due in about 9 months from now, and indications are that Momta Bonerjee will become the next prime-minister. She is a radical communist and if she wins the elections, then the Bitcoin users may be in for a hard time.

Interesting side note. The current government seems to be at least giving Indian cryto enthusiast some hope that they can still trade bitcoin to make more money, but if you are saying that the next PM might be a game changer as far as crypto status in India then the future will be really bleak in India. But I really thought that she is anti-communist though, she even ended up the communist rule in West Bengal. But she as well have made several controversial decisions in the past, so perhaps a glimpse on how the lady if elected would stance for crypto loving India.

[lucy94]

One of the rarest countries that can give a great future to crypto

[meanwords]

The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?

It is kind of sad to thing that another country has banned the usage of Bitcoin for their people. Well, as long as you can trade Bitcoin no matter the what or where, you can are still okay. I don't really see much of an impact it would place in the cryptocurrency market though. You still have plenty of ways to trade, you can also use other exchanges that is decentralized. If there's a will, there's a way. India is good with technology, I know that Indians could still be part of the cryptocurrency market even though it is temporary banned.