Could India push bitcoin to the MOON ?

[Queen12]

I don't think that's possible because India doesn't have a large share of the cryptocurrency market.
If it's good news for China, Korea, the United States, then I think it could have a bigger impact on the cryptocurrency market.

[quocsi]

I think yes. If it happens then it is good news for bitcoin. We know India is a large country and has many investors. Certainly if the ban is abolished, the price of bitcoin can rise rapidly and may reach the moon.

[1993jochico]

To the "MOON" is very very far away from us now but Im sure that it can help to pull up the market price a little but I am not expecting a big pump like last year, This year many people spread FUD and fake news about crypto currency but still no one can say what will happen.

[Bugsbey]

With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?

I think so. If lots of them will support crypto currency of course they can push bitcoin to the moon.  We all know India is a large country. And we will also be happy if that happens. 

[CryptoGamblingSites]

With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?

This is the bank that removed the largest rupee notes overnight in 2016
https://www.bbc.com/news/business-37906742

Since people in India don't trust banks, they'll just keep buying bitcoin discretely while the Rupee loses more value.

Indians have tons of methods that don't require banks, when more options become available we'll update this:
https://www.cryptogamblingsites.com/country-guides/india-crypto-currency/

[mahibul49]

i think india can push to btc price moon.but its really difficult bcz current market is bearish .india can pus price up by giving some good news about btc.

[Herlina]

With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?

If India removes the ban and considers Bitcoin as a commodity it will bring a good impact to the market, but I think the impact is not enough to push Bitcoin prices to the moon

India will not be able to increase the price of bitcoin. Only the US can to increase the price of bitcoin

Any country can increase the price of Bitcoin if they are friendly, adopt and support Bitcoin

[sijonru]

I think yes, because if more countries are legalizing bitcoin or crypto
and that positive news will surely greatly affect the price of bitcoin or crypto, and India is a big country with a sizable crypto or bitcoin user

[MrCrank]

With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?

I don't think that India can move the price to the moon.
In this situation may possible China or Russia can push price soon.

[sushimittee]

I don't think so India can push bitcoin price to the moon if RBI reverse ban on bitcoin then this decision is good for investors because market and peoples start adoption of bitcoins. Indian market is big and easily this cryptocurrency survive here because many peoples are curious for invest in bitcoin and many thing need to do for push bitcoin on to the moon.

[longwintershere]

With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?

India is a huge country, if there is a growth in demand for bitcoin in there the price could go up. But bitcoin is not reliant on countries like India, people can buy bitcoin from anywhere

[idontcare]

Now India is against Bitcoin. But I think if they change their minds and they announce that India is legally accepting Bitcoin, Bitcoin prices will go to the moon. Maybe It is very difficult for the Indian government to accept bitcoin in a short time

[PayneCharity]

India is a big country in Asia; I think India can push Bitcoin prices into the moon. Although India prohibits Bitcoin, I know that many whales live in the Indian and have a lot of money.

[johnwest]

If am not wrong, the Supreme court of India will be giving its decision on the carpet ban from the Reserve Bank of India. Its a pointless ban done by RBI and I feel it should be lifted with immediate effect and they should think about some regulations.

[selena_lorde]

Pretty sure one country alone won't move the needle. However, the reversal of the negative news can raise the price up a bit

[digitalgame4life]

With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?

Ehh no, in my opinion at least. It would definitely need to take a lot more than that for the price to "moon" in my opinion. There's probably better chances for price increases for the CBOE Bitcoin ETF. Though it might not push up the price, the reverse ban definitely helps a lot in terms of adoption, so it's definitely a win whether or not the price gets affected by this or not.

I agree with this, taking Bitcoin to the moon takes more than India, I think they can push the price higher and we could see some decent little pumps but India will not get it to the moon, on the other hand a country like China can, 75% of the volume in late 2017 came from China before the ban on cryptocurrencies and the nonsense with exchanges, I think China will lift its ban soon and with the combination of approval of ETF by SEC it will be all green candles upon us.

[Red-Apple]

India is one of the biggest countries in the world with the largest population and many of them are so into these type of online money. and in the past they have shown a lot of interest in bitcoin. i am sure if the way was paved for them they would adopt bitcoin with open arms and that adoption can increase the demand for bitcoin to the moon and take the price up with it.

[Slow death]

With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?

When you ask if it will make bitcoin go to moon you mean to make bitcoin have increases of more than 25%? Because if that's the case I do not think it's possible that india make the price of bitcoin go to the moon, I say this because I do not see many people from India buying bitcoin with a debit card or credit card. the price of bitcoin will increase if it has a lot of demand, but the demand must come from people who buy bitcoin using their debit cards or credit cards. So we need to have many exchanges that allow your users to buy btc using their bank accounts.

India is one of the biggest countries in the world with the largest population and many of them are so into these type of online money. and in the past they have shown a lot of interest in bitcoin. i am sure if the way was paved for them they would adopt bitcoin with open arms and that adoption can increase the demand for bitcoin to the moon and take the price up with it.

But the question is: How many people in India buy bitcoin using their credit cards or using their debit cards?

[Lorna111]

The problem is the average person on the street in India is very poor and they constitute almost 80% of the population. So the amount of money they will have to spend on bitcoins, might be relatively low, compared with other Western countries.

Yes, the numbers are large, with India having 1,324 billion people in 2016, but if they only have $1 worth of fiat to buy bitcoins, then that would hardly have a impact on the price. 

This is good news or favorable development for Bitcoin from India, It can really contribute for possible market movement, if the investors in India consider the need of crypto currency digital transaction as one commodity for the market, yes, it will definitely have the same impact to other country to consider. good luck to Bitcoin investors and supporter.

[jarojak]

I don't think so.  Even India banned cryptocurrency, I think their citizen still invest in bitcoin or altcoin.  So it's not a big deal if they legalize it.