Bitcoin will be junk/trash after ban in 2 big countries

[Leh-Meh]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

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[fiulpro]

To be honest they aren't the two major countries at all ,that's true that they do hold an influence , but we already saw how Bitcoins suffered from just minor loss and then recovered during the ban in China , same will happen here too.

Also it's going to be banned or not is not yet confirmed in India , the fact is , it may be banned but trust me People will find a way to engage in Bitcoin , it's a democratic country in oppose to China thus people can submit plea against this decision.

It's not something that will influence the price that much , trust me.

[squatter]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

Bitcoin was never banned in China. Domestic ICOs and exchange businesses were. There is still a robust OTC market there. Weekly Localbitcoins volume alone is in the 30 million CNY range. Not to mention the mining industry.

Some Indian legislators have proposed a bill. Nothing has happened yet.

[IPVPIRL]

Any country that bans Bitcoin is moving backwards. Instead the countries that already embraced Bitcoin and the blockchain technology seem to have a more innovative and brighter future as a whole.
Bitcoin won't be "junk/trash" as you call it. Instead it will be more powerful and more useful.

The countries that block access to it and ban it with legislation, are the ones that will be left behind in the technological sector.

[joniboini]

Bitcoin fell to $3000. Not it is at $8000.

I'm not sure if the crash is related to these 'ban'. And even if these 2 countries did ban Bitcoin, there are still a lot of users.

Let's just wait and see what will happen, no need to predict when it dies. Lot's of news has been telling the same thing for years already.

The countries that block access to it and ban it with legislation, are the ones that will be left behind in the technological sector.

They can ban crypto but use blockchain.

[Beerwizzard]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??  

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Just guess how much worth to BTC bring people in India that are shitting on a street and then going to click on faucets. I think that the volume of their national market is low af.
Crypto ban in China is also not that important because miners would just move their equipment abroad and continue their work. Chinese crypto influence is only based on their  pools and not on their community.

Just IMHO but such bans can even help to develop BTC mining infrastructure and make BTC more reputable.

[Jet Cash]

Bitcoin will never be banned worldwide. I believe it is an experiment started by the banking elite, or possibly some disenchanted employees, and it is now being embraced by them as a major asset.

[Astvile]

Lol ban from those 2 country will surely not affect bitcoin itself at all,bitcoin easily recovered on price when ban on china is released.Plus the fact that yes the community there is big but not big enough to take bitcoin down if they will stop on using or get banned from using bitcoin.Trust me theres more influencial country that has a huge amount of bitcoin user

[BitcoinGirl.Club]

Bitcoin will never be banned worldwide. I believe it is an experiment started by the banking elite, or possibly some disenchanted employees, and it is now being embraced by them as a major asset.

How will you ban something which does not have any identity to trace. What I mean is, if I have an address which no one knows then how will you know that I am hodling bitcoins?

All I need to do is to hide all public information that was available before and stay under the radar.

[bittick]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ?? 

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Crypto ban in China is also not that important because miners would just move their equipment abroad and continue their work. Chinese crypto influence is only based on their  pools and not on their community.

Just IMHO but such bans can even help to develop BTC mining infrastructure and make BTC more reputable.

Reminds me that time when China bans bitcoin and then all the market capitalization moved from China to either Japan and Korea, good ol days, banning bitcoin is maybe the best way to lose some money out of your country to another nearby country, when it's about money people will think out of the box, remember that this is the era of globalization and everyone could do something they usually can't.

[Beerwizzard]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ?? 

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Crypto ban in China is also not that important because miners would just move their equipment abroad and continue their work. Chinese crypto influence is only based on their  pools and not on their community.

Just IMHO but such bans can even help to develop BTC mining infrastructure and make BTC more reputable.

Reminds me that time when China bans bitcoin and then all the market capitalization moved from China to either Japan and Korea, good ol days, banning bitcoin is maybe the best way to lose some money out of your country to another nearby country, when it's about money people will think out of the box, remember that this is the era of globalization and everyone could do something they usually can't.

Sure. But it only works like that if mining community is based on miners (that could be moved away) in that country and not on the community (that probably wouldn't relocate somewhere else).
One thing that I want to add is that if the power of Bitcoin is based on such shithole places like India or China just like OP thinks, then we are already fucked up without any bans.

[kaya11]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??  

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

There will be people who will get the opportunity to buy their Bitcoin with low price if they dump their coin. They are not  just the only populated country in the world who engaged in Bitcoin at all.

[Janation]

So I read this article about the Banning of cryptocurrencies in India.

https://www.coindesk.com/reserve-bank-of-india-denies-involvement-in-draft-bill-to-ban-cryptocurrencies

It states that the Reserve Bank of India denies any knowledge of a proposed ban on cryptocurrencies.

[goaldigger]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??  

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

I thought the two major countries you are reffering to is China, Japan or America which has a greater impact in cryptocurrency. But i believe that as long as there are more countries who supports cryptocurrency, there are hope for the other non-supporting countries to change their minds.

[MMysterious]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??  

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

You just talk without knowing like a hen There are still too many Indians, especially the Chinese that hold Bitcoins.

You probably don't have Bitcoins, am I right? Are you just jealous or one of those poor people that were not able to buy Bitcoin at $3,000. Because if you have Bitcoins, I will gladly buy it at $7,000.

[Haunebu]

Hilarious. Firstly, the title of this thread is silly and misleading and it would be wise if you would change it asap. You clearly are spouting nonsense without doing proper research.

This is simply a proposed bill and has not become the law yet. Even the RBI denies knowing anything about it. I am pretty sure that such a stupid law will never pass. In the worst case scenario, if it did pass, do you really think this will stop crypto trading India?

It is not possible to ban crypto basically and majority of the traders will find alternate ways of trading even if a ban was effective in the future.

[Adriano2010]

Even if is banned on this 2 countries this will not affect bitcoin price and will still be used for long. I just want to ask, on China is banned only mining of bitcoin? And not holding or use bitcoin and trade, or i'm wrong?

[CryptoBry]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

Bitcoin was never banned in China. Domestic ICOs and exchange businesses were. There is still a robust OTC market there. Weekly Localbitcoins volume alone is in the 30 million CNY range. Not to mention the mining industry. Some Indian legislators have proposed a bill. Nothing has happened yet.

The ban on India is an advanced news painting a gloomy picture of what will be...but might never be. Yes, that is true even in China right now there are still people who are into bitcoin as it is impossible for the government to be following each and everyone all the time and this is the advantage of being digital evidence can be hard to find. We have to remember that if one has the money there is nothing impossible. Well, the same thing can happen in India if there can be a future ban...it is the government that will lose since it can never impose tax on transactions.

[Red-Apple]

just like China and how they haven ever banned bitcoin, India has never banned bitcoin either. it is just the shitty clickbait media that has found something they think is hot and are abusing it by spreading false information and newbies like the starter of this topic read it and believe it because they want to keep their brains intact and unused

[Lucius]

Bitcoin banned in India. 10 years jail for buying or selling cryptos and Bitcoins, is all over bitcointalk.org

It's just a proposal from certain institutions, you should learn to read and understand what this is really about. Proposal and law are two different things, and it can take months or even years that something like this come into effect.

I see nothing has changed from time when you spread FUD under other account, but no matter how much you are trying to show gold&silver as something better than bitcoin, you should know that you will not succeed in that.

[acroman08]

China has the biggest bitcoin mining pools in the world so bitcoin being trash in China is out of the question.
and even if India banned bitcoin there are still ways to transact it without the government noticing so bitcoin
being useless is India is also out of the question.

[xWolfx]

But seriously, let's be honest. Literally anything can happen inside third-world countries and they will hardly affect the whole world, due to the irrelevance of most of their operations.

Since it's a state it counts but in comparison it's not that relevant. China counts but since they are a communist regime then it's obvious the way they play so it's no surprise, the shock they cause is not that great.

So that is not something mortal, next question.

[phamminhtan]

To be honest, it is impossible to prohibit Bitcoin, because users will find ways to access this currency, simply that Bitcoin has no borders and cannot be banned.

[Question123]

We still not affected because we can use crypto because we are in other country we are not living in India and China. The most affected on that banning will be chinese and indian people who live in the country who ban cryptocurrency. Maybe because of this they still don't have effect but maybe after few weeks it will have bad result cause dumpuing but I think it is small only because if 2 countires ban bitcoin they have a lot of country who adapat and willing to support the cryptocurrency.

[shoreno]

To be honest, it is impossible to prohibit Bitcoin, because users will find ways to access this currency, simply that Bitcoin has no borders and cannot be banned.

If its unabannable then why do you think that countries like india , china and many more have offically declared that bitcoin is banned on thier own country ?  The government cant ban bitcoin itself but it can ban the bitcoin related websites , trading sites or anything that is related to it (  i mean they can ban the acces with it )  they can also totally ban the offline exchange ir stores that supports bitcoin  .

[Haunebu]

To be honest, it is impossible to prohibit Bitcoin, because users will find ways to access this currency, simply that Bitcoin has no borders and cannot be banned.

If its unabannable then why do you think that countries like india , china and many more have offically declared that bitcoin is banned on thier own country ?  The government cant ban bitcoin itself but it can ban the bitcoin related websites , trading sites or anything that is related to it (  i mean they can ban the acces with it )  they can also totally ban the offline exchange ir stores that supports bitcoin  .

Have you ever wondered why no country has not been able to ban Bitcoin and crypto completely despite declaring multiple bans so far? Do your research. The only way Bitcoin can effectively be banned is in 2 ways:

- If the miners stop mining completely and if trading halts completely due to which the entire market would collapse which will obviously not happen.

- The other way to effectively ban it completely is but shutting down the Internet completely which is also an impossible scenario.

This is why it BTC and crypto are here to stay no matter what anyone think of them.

[Caladonian]

To be honest, it is impossible to prohibit Bitcoin, because users will find ways to access this currency, simply that Bitcoin has no borders and cannot be banned.

If its unabannable then why do you think that countries like india , china and many more have offically declared that bitcoin is banned on thier own country ?  The government cant ban bitcoin itself but it can ban the bitcoin related websites , trading sites or anything that is related to it (  i mean they can ban the acces with it )  they can also totally ban the offline exchange ir stores that supports bitcoin  .

Government have the authority doing that, but like that statement above you, Bitcoin users still have access or will do their very best to continue having an access to continue dealing with this market, wallet to wallet /P2P can be deal using first media outlets such chat functions before starting to do the transactions.

Even this two countries will do this actions, there's still a lot of Bitcoin friendly countries that can provide the lift and continue the process.

[Nadziratel]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries.

I think you are misjudging the issue here. You should stop thinking BTC prices when you talking about bans.

If you were Indian, you should easily travel out of the country and sell your Bitcoin outside the India. Don't hesitate Bitcoin's future because of this ban issues.

[Fred3030]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

For the record, what's going round in india is just a draft which the Reserve bank of India has denied any knowledge from. Take a look at this article  https://www.coindesk.com/reserve-bank-of-india-denies-involvement-in-draft-bill-to-ban-cryptocurrencies?utm_source=twitter&utm_medium=coindesk&utm_term&utm_content&utm_campaign=Organic%20&amp
Even if India should ban crypto currency , bitcoin will remain and every grow stronger. With the massive adoption hitting the crypto world recently, the ban by one country is not enough to say bitcoin will die anytime soon.

[Bessta]

I think bitcoin getting banned in these 2 big countries is not going to be indicative of the future of bitcoin. And I am sure that the holders of bitcoin there will not let their efforts go to waste. I don't think any crash is going to be related to these bans and if bitcoin crashes it will still surely recover.

[Naginiya]

I don't know about China.But not India,India never will ban bitcoin.One reason there are lot of IT,BPO companies in India.So why they ? And also news source says "A response from the Reserve Bank of India to blockchain lawyer Varun Sethi denies any knowledge of such a draft bill, and says it received no communication from the central government regarding it. It further states it hasn’t endorsed such a ban" So the answer is no for India.

[pushups44]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Bitcoin cannot be censored since it is decentralized and transactions are pseudonymous. Also, India has not banned cryptocurrencies, though a proposed bill aims to do that, and China also has not banned bitcoin ownership.

[sngwinner]

I do not think btc will be trash as you are making it seem even if it is banned in these two countries. It may be affected though but it will recover as it always does. I believe people and countries are gradually appreciating btc and so there will always be something to counter the effect from any ban

[klaaas]

To be honest, it is impossible to prohibit Bitcoin, because users will find ways to access this currency, simply that Bitcoin has no borders and cannot be banned.

Indeed, if the efforts needed outweighs the chance to get convicted people will use it. It will kill the legal businesses for now.

[ethereumhunter]

I don't think bitcoin will be junk/trash even if 2 big countries try to banning bitcoin. There will be more countries that will realize the function and the benefits of bitcoin and the altcoin, and I think they will support cryptocurrency if people can get the benefits from cryptocurrency, why they need to stay away from the cryptocurrency although their government tries to ban the cryptocurrency. I think they will try the other way to use cryptocurrency still because cryptocurrency can give a new option to them to make money.

[ice18]

This will not effect bitcoin with only 2 countries banned and believe me even btc is already banned in China still many users in this country are utilizing bitcoin and they cannot control it very easily in the future this two countries will surely unban bitcoin and cryptos because the future of money is cryptocurrency. 

[Apes]

although both countries prohibit the use of cryptocurrencies, market capitalization will not be affected. because it believes the bitcoin market is very broad. the bitcoin market will always grow. the worst possibility the market will fall but the value is not significant.
the possibility users from countries that prohibit cryptocurrencies will find a way to continue using cryptocurrency even if they breaking law.

[candra raditya]

You are too fast in estimating something uncertain, and I think even though bitcoin is banned in the two countries that you mention, but bitcoin will not be that easy to leave behind and bitcoin will not become trash.

[hatshepsut93]

India's Bitcoin volume is a drop in the ocean compared to the US, Japan and Europe, so Bitcoin's price will be unaffected in the long run. It's bad that hundreds of millions of people will lose access to easy Bitcoin trading and other services, but almost all of those people didn't use Bitcoin to begin with, so we are mostly losing potential users rather than real users. And data shows that most of the Bitcoin volume comes from rich countries, so unless western countries start banning Bitcoin, it won't really take any major hit.

[rdbase]

Didnt know this well known bollywood star there started a bitcoin company.
Have to check and see what it is was all about before the ban happened and what will happen to his companies customers will have to do now.

[Gainers.io]

I dont believe so. Bitcoin is still a global asset and bans for a country or so wont effect it much.

[Marcus yoyo]

The number of countries in the world is very large. I'm sure Bitcoin will still exist if it's only banned in these two countries. Indeed these two countries are two countries that also play a role in the Asian economy but I think bitcoin can still survive without these two countries. Countries in continental Europe and America in particular are still very much using the benefits of bitcoin to conduct transactions that cannot be used with fiat currencies. I'm sure Bitcoin can still maintain its existence.

[Leh-Meh]

Didnt know this well known bollywood star there started a bitcoin company.
Have to check and see what it is was all about before the ban happened and what will happen to his companies customers will have to do now.

10-year jail for buying, selling cryptocurrency in India: Report Selling, buying and/or mining cryptocurrencies will be considered a non-bailable offence, according to the new bill.

https://www.moneycontrol.com/news

[hulla]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

This is false news for the two countries don't totally ban Bitcoin. However, in China there are rules implies in crypto trading while some States(New Delhi) in India slightly ban Bitcoin when some didn't and it will June 13th before we know the actual plan of the India government.

[bitcoindusts]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Well, sad but that’s life. Nevertheless bitcoin will still live. Maybe affected in value shortly after the declaration but I don’t think the word “junk” fits to describe its possible effect. These are just 2 countries but if we think of countries in the world that have not yet adopted bitcoin and are still going to adopt, there’s still a big hope for it. It is designed to be like that, some closes their doors and some opens so life goes on.

[princesspoppy]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

I feel sorry for these two countries.  They are stopping themselves to be part and to have access to these innovative technology. But still, bitcoin won't be crashed and stopped by these to two countries from taking and leading the world someday (well obviously, to them it is). It may influence other people though, but still there are lot of users and investors who'll keep investing and believing in bitcoin.

[Ryan Dugan]

I have seen so mony of your threads. You just like to cause FUD or you don't know what you saying. Perhaps a bit of both. Bitcoin won't be banned anywhere. How are they going to do that?
Lots of things are banned in China including accessing google, yet it's still done.

*face*palm*

It doesn't matter where you are bitcoins value is global not per country so how can it have no value in India? I know what you were trying to say but that still doesn't render bitcoin valueless. If someone in India wanted to cut your hair for 1 btc and you paid them are you telling me that has no value to them?

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Well, sad but that’s life. Nevertheless bitcoin will still live. Maybe affected in value shortly after the declaration but I don’t think the word “junk” fits to describe its possible effect. These are just 2 countries but if we think of countries in the world that have not yet adopted bitcoin and are still going to adopt, there’s still a big hope for it. It is designed to be like that, some closes their doors and some opens so life goes on.

OP is a fudster/clickbaiter appealing to people emotions because they know what will shake the beehive.

[josephdd1]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

all are false information.. bitcoin ban thing was denied by that countries central bank rbi and it is only a proposal created by  one group of politicians. not actual law.
Not too sure about that bolywood star thing you are saying but most of what you say is just baseless fud..
India tried banning, tiktok, their own movies showing rape culture, food yes they tried banning beef lol thats pretty stupid. They even tried banning porn, trying to ban btc would be similar to them trying to ban porn lol
They're crazy that way.. even my country's central bank thinks btc will not fulfil basic roles but I think these are wrong judgements..made by stupid people. dont pay attention to such fud.

[wdnj]

INDIA and CHINA are 2 big countries on this? how you came up on this?
They are not big player in this crypto currency.
getting a buyer for 7,000 USD is not impossible ass BTC is worth more than that now!

[Pagri]

Bitcoin has been able to emerge and evolve without depending on a specific country, but with the support of a whole global network of users who have been in charge of placing bitcoin in its current position, so that the internal decisions that two countries make regarding bitcoin should not influence too much in the future of bitcoin, so we can remain calm in our future expectations of the market.

Worst crises have been faced in the bitcoin ecosystem that in one way or another have been overcome and have served to strengthen the bitcoin, so that very few effects I think can be suffered by the decisions of China and India, that in addition they will not necessarily be definitive and perhaps they will change with the passage of time.

[Bdstar]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

These two countries are over populated and bitcoin lost many investor but People in india still use bitcoin using VPN and secondary bitcoin have millions of user left in worldwide without these two countries.So, Bitcoin wouldn’t be broken for just 2 countries ban.             

[ralle14]

This is simply a proposed bill and has not become the law yet. Even the RBI denies knowing anything about it. I am pretty sure that such a stupid law will never pass. In the worst case scenario, if it did pass, do you really think this will stop crypto trading India?

Bitcoin banned in India. 10 years jail for buying or selling cryptos and Bitcoins, is all over bitcointalk.org

It's banned but not fully banned though because on Wikipedia, it shows that Bitcoin is illegal in India but people are still trading Bitcoin.

The volumes on these two exchanges(Paxful & Localbitcoins) remains the same and it doesn't seem to be crashing despite the recent news about the proposal.  

The threads i've read in this board are all similar, the sources they shared all points to the said proposal.

[rdluffy]

In a short term, maybe will affect prices, but in long term I think there's no difference
People will continue to gain, trade and invest in BTC, there always ways to do that

[feryjhie]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

why do you think that bitcoin is worthless in China? if you take a look at this website https://coin.dance/volume/localbitcoins/CNY total volume trading on Localbitcoin for CNY is still high around 34M Chinese Yuan
on China they already ban bitcoin from July 2018 so i think if India will ban it later the bitcoin user will find a way to trade bitcoin

[jakelyson]

This ban is just a minor set back to bitcoin. Besides, it is just a proposal in India, not yet a full law. This remains to be approved. And China is still using bitcoin.

Bitcoin fell to $3000. Not it is at $8000.

I'm not sure if the crash is related to these 'ban'. And even if these 2 countries did ban Bitcoin, there are still a lot of users.

Let's just wait and see what will happen, no need to predict when it dies. Lot's of news has been telling the same thing for years already.

It is quite obvious that the fear for Bitcoin ban in India is affecting the price of bitcoin right now. I just want to see how low the price could be driven because of this fear.

[Capt00]

This ban is just a minor set back to bitcoin. Besides, it is just a proposal in India, not yet a full law. This remains to be approved. And China is still using bitcoin.

Bitcoin fell to $3000. Not it is at $8000.

I'm not sure if the crash is related to these 'ban'. And even if these 2 countries did ban Bitcoin, there are still a lot of users.

Let's just wait and see what will happen, no need to predict when it dies. Lot's of news has been telling the same thing for years already.

It is quite obvious that the fear for Bitcoin ban in India is affecting the price of bitcoin right now. I just want to see how low the price could be driven because of this fear.

India it is quite new to crypto and it never establish well than of the other country. Basing of their economical status, it is really hard for them to adopt crypto rather than to stick into their old investment and so using local currency. And this won't give a huge effect into crypto prices.

We know China don't allow their people to use crypto since last year but their people tried to sneak away from this and even created exchanges. So even they ban crypto but they can't stop people to engaged and give support into crypto.

[Leh-Meh]

India it is quite new to crypto and it never establish well than of the other country. Basing of their economical status, it is really hard for them to adopt crypto rather than to stick into their old investment and so using local currency. And this won't give a huge effect into crypto prices.

Now $1 = INR 70. Indian rupee could be the worst performing currency internationally.

[blockman]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries.

Being banned in those 2 countries means it is prohibited but it doesn't mean that it's worthless. Give someone there bitcoin who can acknowledge the value of bitcoin and sees his reaction.

But who will buy 1 Bitcoin for $7000 ??

Look on exchanges and see how many would love to buy that at that discount.

[coin-investor]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

That's the sad part India holders if they want to sell their Bitcoin would have to do it within 90 days, or face prosecution, but in I am in their shoes I will just transfer this to a new wallet possible a hardware wallet and kept and only sell it when it reaches 10 times of the price when I got it but of course I will not trade it in India will just go to a country where I can trade it.

[costanos02]

That is impossible, bitcoin is widely known for many countries if bitcoin is ban in this countries that is not a big loss for bitcoin, it is their loss. Soon they will realized that they made a wrong decision.

[btc_angela]

Short term, yes maybe it could have a significant effect on the price. However, we all know that no one can ban bitcoin, it's decentralise in nature. And those people who realise bitcoin's potential will still be investing on them, whether it was ban in their country or not, I reckon.

[squatter]

Bitcoin will never be banned worldwide. I believe it is an experiment started by the banking elite, or possibly some disenchanted employees, and it is now being embraced by them as a major asset.

I always found these conspiracy theories -- a common one is that the NSA created Bitcoin -- sort of outlandish. I doubt these people would think that anonymously launching Bitcoin on an obscure mailing list would have succeeded. If it was a serious move by some elite group, they would have made a more concerted effort to see it succeed. Instead, hardly anyone used Bitcoin at all in its first year of existence.

[Tylev]

India is a large country in the territory, and even more in population. However, this country never  played a significant role for cryptocurrency. However, it is necessary to agree that the prospect for the development of cryptocurrency is large there. However, India has not yet adopted a ban on the use of cryptocurrency, a bill has been introduced there, which may never become law.
The Chinese government has not yet taken a clear-cut decision on cryptocurrency.
Even if the circulation of cryptocurrency will be banned in these countries, it will not affect it much, but only the rate of its spread throughout the world will slow down.

[killat]

Unfortunately this is true..earlier it was quite in usage and trading and many entrepreneurs came up with various platforms for crypto trading but a lot of fraudulent practices happened and quite an amount of people lost money.

Since then the government put a restriction on crypto purchases and trading even through credit cards. So yeah currently the situation regarding cryptos is bad but maybe they will come up with certain regulations as cryptos are the emerging fast as the next big thing in digital currencies.

[sandra_x]

Bitcoin will still thrive whether or not it gets banned in more countries.Because these are all temporary restrictions on bitcoin,eventually we will see the relaxation of those rules as other countries built more infrastructure around bitcoin.it is already a muilti-billion dollar market and an important class for many funds managers

[davis196]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Yeah right,you could spend you time in more useful ways,instead of writing bullshit FUD posts here.
China and India are anti-bitcoin during the last 3 years.This is no secret.
USA,Japan and South Korea are the most important countries for bitcoin and all crypto.

[Leh-Meh]

India is a large country in the territory, and even more in population. However, this country never  played a significant role for cryptocurrency. However, it is necessary to agree that the prospect for the development of cryptocurrency is large there. However, India has not yet adopted a ban on the use of cryptocurrency, a bill has been introduced there, which may never become law.The Chinese government has not yet taken a clear-cut decision on cryptocurrency. Even if the circulation of cryptocurrency will be banned in these countries, it will not affect it much, but only the rate of its spread throughout the world will slow down.

1 bitcoin $3000 or $7000, who will buy Bitcoins in India and China ??   $3000 = INR 210,000. Only "Amitabh Bachchan" will buy Bitcoins in India.

[Innerpumper]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

I think it's not India. However, the USA, because the two countries that have the largest funding to dominate the crypto market is the USA and China.

[Lucius]

10-year jail for buying, selling cryptocurrency in India: Report Selling, buying and/or mining cryptocurrencies will be considered a non-bailable offence, according to the new bill.

How would it be to get back to the beginning of this thread and start to read what some members write in in their comments? It's just about a proposal, there is no law in India which is in effect.

1 bitcoin $3000 or $7000, who will buy Bitcoins in India and China ??  $3000 = INR 210,000. Only "Amitabh Bachchan" will buy Bitcoins in India.

China is on second place in the world by number of millionaires, they can buy all bitcoin in the world if they want. Your assumption that someone has to buy one whole BTC is one big misconception, you can buy just few $ of coin.

India is have 330 000+ millionaires today, and that number can reach up to 1 million of millionaires by 2027. Start reading with understanding and stop writing nonsense.

[DaCryptoRaccoon]

Bitcoin is bigger that any "country" and no one can "ban" you from using bitcoin where there is a will there is a way.
I actually think that them banning it will push more people to adopt it. 

They again recently people in china were shown a picture of tank man.. none of them knew who he was or knew it even happened..
Suppose that's china for you.

[Leh-Meh]

India is have 330 000+ millionaires today, and that number can reach up to 1 million of millionaires by 2027. Start reading with understanding and stop writing nonsense.

Situation is very bad in India. Billionaire Anil Ambani's 6 big companies are near closure.

YES Bank share price fell -30% in one day/. If I remember correctly YES Bank was at Rs 40,000 crores (that's BIG in India)

[Mr.Ease]

Ban something the U.S. is beginning to regulate and embrace... 
Russia seems to like Crypto. Korea is down with bitcoin. Basically all 3rd world countries are starting to buy into it.

IDK. The world is a very big place. 2 big countries = Shit. F*k em'

[proTECH77]

@Leh-Meh, i have just one question for you: Can you Ban a technology?, remember that; "technology is technology" and cannot be Ban by any country not even the USA can. India and China are not going to execute(pass) that bill into law becasue, they will see it from this perspective of Bitcoin being a Technology, and Technology cannot be BAN, let this sink into you.

[betty11]

Bitcoin is still very valued in both countries and it's never banned in both nations. Where did you read this false information from? Always post link to such misleading post.

[Mike Mayor]

Can't ban the internet so you cannot ban crypto. Firs t the internet would need to be taken down. Will the ban all cellphones and computers and everything with the ability to be online?

@Leh-Meh, i have just one question for you: Can you Ban a technology?, remember that; "technology is technology" and cannot be Ban by any country not even the USA can. India and China are not going to execute(pass) that bill into law becasue, they will see it from this perspective of Bitcoin being a Technology, and Technology cannot be BAN, let this sink into you.

No you can't. They just like to spread FUD. Making bold statements that are not true so they can get people to visit the thread.

Bitcoin is still very valued in both countries and it's never banned in both nations. Where did you read this false information from? Always post link to such misleading post.

Same as they always do.

[Ozero]

Cryptocurrency will exist without China and India. Moreover, if earlier Bitcoin reacted very strongly at its price to such bad news about the prohibition or restriction of circulation of cryptocurrency in China, then recently it is almost indifferent to such news. As for India, it has never had a significant impact on the cryptocurrency. So even if it is banned in these countries, it is possible that for some time the price of cryptocurrency will go down, but then it will recover again. Many, I think, will understand that in the period of mass adoption of cryptocurrency by the majority of states, such restrictions or prohibitions will be temporary.

[killat]

Regarding India, crypto is not illegal, actually the finance minister has said the cryptocurrencies are not legal tender that means u cant use them as currencies and therefore the RESERVE BANK has also put a blanket ban on banking services for firms dealing with crypto currencies but you can still own them as store of value.

[Chikito]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

No problem here, What happen on that both country bitcoin holder don't care and still hold what our have on wallet. My assume they goverment have late buying at cheap price.

[andika2018]

Cryptocurrency will exist without China and India. Moreover, if earlier Bitcoin reacted very strongly at its price to such bad news about the prohibition or restriction of circulation of cryptocurrency in China, then recently it is almost indifferent to such news. As for India, it has never had a significant impact on the cryptocurrency. So even if it is banned in these countries, it is possible that for some time the price of cryptocurrency will go down, but then it will recover again. Many, I think, will understand that in the period of mass adoption of cryptocurrency by the majority of states, such restrictions or prohibitions will be temporary.

Bitcoin have more experience than India ban. Bitcoin traded by people around the world and i think India policy will not give big effect on the price because India not hold big transaction on daily bitcoin transaction.

[Falgorn]

Bitcoin has never been banned in either India or China. In India, only recently introduced a bill banning the use of cryptocurrency and even criminalize its use. I do not think that this bill will ever become law.
As for China, there have been various restrictions on the use of cryptocurrency since 2017, however, it still runs quite well in the country and I hope that it will continue to go on.

[Bitcoinqubit]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

lets start

be ready to drop your mic

bitcoin came from the idea of peer to peer file sharing like napster just with simple twist
---------------------------------------------------------------------------------------------------------------------------------==
Napster (Napster was Fanning's nickname in high school, because of his hair) is a different way to distribute MP3 files. Instead of storing the songs on a central computer, the songs live on users' machines. This is called peer-to-peer sharing, or P2P.
---------------------------------------------------------------------------------------------------------------------------------------------

now what i know peer to peer file sharing websites is BAN ALL OVER THE WORLD** still they grow by insanse number all 0v3r the world do you get it

peer to peer file sharing is ban from all countries and you know the growth of peer to peer file sharing in the world??? did you read before you post shit

without to much explantion peer to peer money


mic drop

edit the post

[Bitcoinqubit]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

bitcoin came from the idea of peer to peer file sharing like napster just with simple twist
---------------------------------------------------------------------------------------------------------------------------------==
Napster (Napster was Fanning's nickname in high school, because of his hair) is a different way to distribute MP3 files. Instead of storing the songs on a central computer, the songs live on users' machines. This is called peer-to-peer sharing, or P2P.
---------------------------------------------------------------------------------------------------------------------------------------------

now what i know peer to peer file sharing websites is BAN ALL OVER THE WORLD** still they grow by insanse number all 0v3r the world do you get it

peer to peer file sharing is ban from all countries and you know the growth of peer to peer file sharing in the world??? did you read before you post shit

without to much explantion peer to peer money


mic drop

[bitcoin-shark]

in India maybe yes but in China only the ico were banned not the bitcoins and then i don't think that this will influence the bitcoin value in the rest of the world, maybe there will be a slight decrease but only for a short time...

[Vishnu.Reang]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Being an Indian, I would say that an impact of any future ban on cryptocurrency in India will be negligible. Although India has a large number of Bitcoin users, the amount of coins held by them is not more than 5% of the total supply (a very optimistic estimate). Most of the Indian users are freelancers, who collect coins for their beer money. And regarding China, I don't think that the government there is retarded enough to ban crypto.

[Rufsilf]

I don’t think bitcoin was completely banned in China and India, as far as I know, correct me if i’m wrong, in China they banned cryptocurrency exchanges and trading platforms, in India at first they really don’t want to accept bitcoin as a legal tender and they have been doing everything to eliminate bitcoin but this year someone actually filed a petition for the legality of cryptocurrency in India. Therefore, I conclude that though these countries have decided to not support bitcoin but they are only two and there’s still a lot of countries who have been supporting bitcoin so that means it is unlikely for bitcoin to be junk/trash even though China & India banned them. Who knows in the future they will change their minds and accept bitcoin.

[uneng]

I don’t think bitcoin was completely banned in China and India, as far as I know, correct me if i’m wrong, in China they banned cryptocurrency exchanges and trading platforms, in India at first they really don’t want to accept bitcoin as a legal tender and they have been doing everything to eliminate bitcoin but this year someone actually filed a petition for the legality of cryptocurrency in India. Therefore, I conclude that though these countries have decided to not support bitcoin but they are only two and there’s still a lot of countries who have been supporting bitcoin so that means it is unlikely for bitcoin to be junk/trash even though China & India banned them. Who knows in the future they will change their minds and accept bitcoin.

Yes, in China you can only hodl bitcoins and in India there is a government project to completely ban bitcoin, not being possible to even hodl some coins, however it will be discussed yet. I just think prohibitions are not enough to kill bitcoin because even if it's banned, people will still use the currency.
It's like gambling in countries where it's forbidden: the activity isn't erradicate, people still gamble and the industry keeps moving millions.

[aris av]

I don't think that will happen and I don't need to panic too much, all countries will not think the same to ban bitcoin, so bitcoin will still be valuable.

[Payme21]

I'm sure they can sell well above that price and the price is sure going to increase even further in a few months from now and probably that will stop them from loosing

[7788bitcoin]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

If i own a Rolls Royce and if it is banned in countries like India and China that does not mean that i will not get a good valuation outside those region, when it comes to bitcoin the main difference is that bitcoin is a not a material object but that can be traded world wide without any restrictions and hence your assumption that it will be worthless is just a joke, these countries might be ruling by stupid people who does not understand how technology works but that does not mean that it will be like that for the rest of the world and people dealing with bitcoin will trade outside their restrictions and there is nothing they can do about it.

[klaaas]

hence you assumption that it will be worthless is just a joke.

Indeed, It could be even that its worth more because it is banned there. They can make the use of crypto harder but it can always be used.

[Kewat]

The point is that they can't ban btc. China was trying lol. Still there re a lot of guys from China in crypto.

[Kay94]

Bitcoin being banned in these two countries does not mean it is going to die buddy We have so many countries in which Bitcoin has gone mainstream although it is not accepted there by the government. The country and its SEC can ban cryptocurrencies but the hard truth is they will still be using it for other purposes. In addition, BTC has taken roots in this world so I think the word ban is too small for our mother coin. Yeah!!!!!!

[Oilacris]

I don't know where did you get that Ban of Btc in China?I haven't heard out such news.They might blocked ICO

but not totally talking about banning BTC even if they do then doesn't mean that btc will become junk/trash after that.
Come to think on how big is the community that do supports BTC itself.

[gentlemand]

China's forced reduction of crypto usability has been nothing but a positive. China brought nothing to the table other than piece of shit exchanges that fucked the price for years and mining centralisation.

As for India, who cares? They never got warmed up.

Both countries will find it seeping in through channels they can't control. In the meantime the more sensible parts of the world will carry on building.

[bitzizzix]

Not all countries have banned bitcoin even though there are two countries that ban bitcoin and in this world there are not only two countries but there are many other big countries, and what I see is that the state cannot legalize bitcoin but can still use it like in my country of residence .
Bitcoin can benefit everyone who can help their economy and whatever it is, so if in their country there is a ban on using bitcoin in my opinion they will certainly continue to use it in any way.

[kamBlanV]

this is bad news.  the decision of the Chinese and Indian governments will make BTC's popularity fall.  I know that China and India have different reasons when they ban BTC.  but i believe.  Crypto users will have many ways to make BTC legal.  maybe demonstrations can make the Indian government change their decisions.

[gentlemand]

this is bad news.  the decision of the Chinese and Indian governments will make BTC's popularity fall.  I know that China and India have different reasons when they ban BTC.  but i believe.  Crypto users will have many ways to make BTC legal.  maybe demonstrations can make the Indian government change their decisions.

Erm, the Chinese dislike of BTC is approaching five years old. Their shutdown of centralised exchanges took place two and half years ago. Funnily enough Bitcoin set off towards $20,000 almost as soon as that happened.

Countries like this could be leading. Instead they'll be forced to eventually concede. In some ways that's more bullish.

[rodel caling]

we should know china is one of the biggest bitcoin community holder before the government decide to ban bitcoin or crypto in general.
From the start there was big effect to the whole bitcoin community but until now bitcoin is standing as strong crypto currency. So as of now didn't consider india totally ban is now under the law maker decision.

[Mike Mayor]

this is bad news.  the decision of the Chinese and Indian governments will make BTC's popularity fall.  I know that China and India have different reasons when they ban BTC.  but i believe.  Crypto users will have many ways to make BTC legal.  maybe demonstrations can make the Indian government change their decisions.

I think it will make bitcoin even more popular. Like when you tell a child not to touch something they almost bound to touch it. In fact, if you ask a child not to touch something consider it broken. Making things illegal has never slowed down its supply but it sure has increased its value since there is a risk factor involved. Even if they make mining illegal, you will still find illegal mining operations and currencies. You may even see a rise to Indian and Chinese made currencies to stand in resistance. 

[Finestream]

this is bad news.  the decision of the Chinese and Indian governments will make BTC's popularity fall.  I know that China and India have different reasons when they ban BTC.  but i believe.  Crypto users will have many ways to make BTC legal.  maybe demonstrations can make the Indian government change their decisions.

I think it will make bitcoin even more popular. Like when you tell a child not to touch something they almost bound to touch it. In fact, if you ask a child not to touch something consider it broken. Making things illegal has never slowed down its supply but it sure has increased its value since there is a risk factor involved. Even if they make mining illegal, you will still find illegal mining operations and currencies. You may even see a rise to Indian and Chinese made currencies to stand in resistance. 

I agree.China has banned bitcoin before but it does not make a big effect on bitcoin.And now India is already leading to that way.I think if they both banned bitcoin in their own countries,it won't make bitcoin fall easily.There are still a lot of countries who are already into bitcoin and that people found bitcoin a very helpful tool in making their money transactions become efficient and convenient.

[umbara ardian]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

Bitcoin live on other country with suport by people who believe blockchain technology behind this. there is  2 country only goverment and not affected when people there still believe it. People still hold them fund and not sell it like fomo.

[Ridwan Fauzi]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

Bitcoin live on other country with suport by people who believe blockchain technology behind this. there is  2 country only goverment and not affected when people there still believe it. People still hold them fund and not sell it like fomo.

Indeed, bitcoin is not set by any goverment it depends on the user itself. But I doubt when bitcoin is banned by a country which has a huge user such as China and India because we have known when there is a country who decide to ban all form of bitcoin function then it will makes most its users decide to sell their bitcoin. The reason is simple, they don't need to feel a loss. I guess the crash came at 2017 ago was caused by some government who decided to ban it and was followed by some companies who decided too.

[danipay]

The continuity of bitcoin does not depend on the approval of a country,
it will continue to be valuable as long as someone buys it.
There are many countries in the world if you want to buy it.

[AjithBtc]

Maybe China's contribution to bitcoin is big, India hasn't got such a big userbase. Slowly the technology gets developed followed by the adoption of blockchain and usage of cryptocurrencies. Right now also there isn't any legal statement from the government or from the respective ministry. Upon this there isn't anything gonna happen in the short.

[Johnzky]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

Bitcoin is not banned in China,only the Bitcoin mining which is so basically you’re wrong,and about India does the government put a law against bitcoin?i don’t think it is as the RBI is just implementing some rules regarding crypto and not in bitcoin specifically

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bitcoin is at $8,000 and up so what do you mean by Who’s gonna buy at $7,000?

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Then what’s the connection of this in your thread?you need to learn lot before posting FUD

[Aldrinx00]

I don't think it's already banned in both India and China yet but if that will happen then i don't think it will affect that much because bitcoin will still be used by many in other countries. Also there's a lot of people who will buy and sell bitcoin thru otc, so what ever happen bitcoin will still prevail.

[iqlimasyadiqa]

The two countries are indeed very large because they have a very large number of users. surely this will have a major impact on the development of bitcoin globally, but I still believe that bitcoin can show its existence well. Bitcoin is very much influenced by how people perceive bitcoin. so as long as we continue to put positive pressure on bitcoin and the development of digital currencies will improve.

[MMysterious]

The two countries are indeed very large because they have a very large number of users. surely this will have a major impact on the development of bitcoin globally, but I still believe that bitcoin can show its existence well. Bitcoin is very much influenced by how people perceive bitcoin. so as long as we continue to put positive pressure on bitcoin and the development of digital currencies will improve.

India have many bitcoin holders but not much whales. The Chinese have the most whales but they don't care much on their government restrictions since many Chinese millionaires have other country cintizenships or probably have businesses and assets worldwide.

[MidKnight]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

Bitcoin was never banned in China. Domestic ICOs and exchange businesses were. There is still a robust OTC market there. Weekly Localbitcoins volume alone is in the 30 million CNY range. Not to mention the mining industry.

Some Indian legislators have proposed a bill. Nothing has happened yet.

Op was trying  hard to scare few members around. Veteran traders and investors know that there are much more whale traders from China from the rest of the world combined. And I don't get why people always mislead others like this India proposal to ban bitcoin issue but the context that they spread seems like its already decided. I think China and India will stay in the crypto space for a long time and this is just one of the small bumps on their path.

[Leh-Meh]

Op was trying  hard to scare few members around. Veteran traders and investors know that there are much more whale traders from China from the rest of the world combined. And I don't get why people always mislead others like this India proposal to ban bitcoin issue but the context that they spread seems like its already decided. I think China and India will stay in the crypto space for a long time and this is just one of the small bumps on their path.

Make your decision. If Bitcoin gets banned people will lose all their people in Bitcoin. $7000 will be $0.

[nicecrypto]

Op was trying  hard to scare few members around. Veteran traders and investors know that there are much more whale traders from China from the rest of the world combined. And I don't get why people always mislead others like this India proposal to ban bitcoin issue but the context that they spread seems like its already decided. I think China and India will stay in the crypto space for a long time and this is just one of the small bumps on their path.

Make your decision. If Bitcoin gets banned people will lose all their people in Bitcoin. $7000 will be $0.

What are you even saying, was btc legalized in India before? if it wasn't, then how do you ban what was not legalize? people in India already get involve in btc even without the consent of their government, even if they decide to make the ban official am sure people will still find a way to get involve so don't get your hopes up of buying cheap btc and wipe that grin off your face because btc ain't going no where, if you want to buy btc at $1 then try go back to 2009 maybe you will be lucky

[1Referee]

Make your decision. If Bitcoin gets banned people will lose all their people in Bitcoin. $7000 will be $0.

Bitcoin has never been worth $0 not even when it was being traded by just a few thousand people around the world back in the early days. Even without Bitcoin being listed on an exchange it at least had some form monetary value.

We're at a point where if countries ban Bitcoin, it will more than ever stimulate peer to peer transactions, and governments are aware of that. Instead of being stupid enough to ban it, they'll try to find a mid-way 'solution' which is to regulate the market.

The fact that you don't seem to understand that shows you little you know about Bitcoin or the state of the whole movement/ecosystem.

[RapTarX]

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

This is somewhat new for me. Please share some relevant information reference. I have never heard of Amitabh Bachchan is in this space.
In India, bitcoin isn't banned. If it was, people would have got trouble to exchange. Banks are not assisting Indian in this field.

[bloodyvio]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

India? wtf
this country does not have a big role in cryptocurrency
but china yes, because most bitcoin hashs are owned by Chinese miners
so if bitcoin is banned by China goverment of course this will have an impact on bitcoin/cryptocurrency
but india? are you kidding me??

[BlackFor3st]

China is the biggest country and has the biggest population, there is no doubt that it is a big loss if the government will fully ban crypto currencies.

In India, I am not yet sure if the bill has been approved that fully banned the use of crypto currency in their country. But bitcoin is still alive and kicking even if the two countries are absent right now, that means that bitcoin has been spread widely already and there is a very less chance that it can be stop in the future.

[Altero]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

India? wtf
this country does not have a big role in cryptocurrency
but china yes, because most bitcoin hashs are owned by Chinese miners
so if bitcoin is banned by China goverment of course this will have an impact on bitcoin/cryptocurrency
but india? are you kidding me??

Yes,  they aren't big but they contribute something into the community in bringing crypto into their country.  Though they aren't that big but its still a lose of crypto.

But China will surely give a huge impact into the market, might we be able to see huge decrease if they'll be banning crypto. They announce it before(banning) but somehow their people are still taking a part of this making a way to hold back crypto into moving up again.

[btc78]

Bitcoin will never be banned worldwide. I believe it is an experiment started by the banking elite, or possibly some disenchanted employees, and it is now being embraced by them as a major asset.

I must agreed on this mate

Banking elites are the most haters of cryptocurrency (well I guess I don’t need to mention that since it’s obvious)they will do anything to spread fud and negativity to bring this community down

But suddenly even how hard they do,yet bitcoin is continuously growing and they cannot stop this

For OP better to wait another long for th finalization will be on yours,but for now?just keep your mouth shut

[luigi3]

No it will not,because bitcoin popularity now cannot stop by anyone coz many people now are believing on it and it continuing what i has,so maybe it could affect the price but it will not gonna be trash or junk.

[NeverSop]

this is bad news.  the decision of the Chinese and Indian governments will make BTC's popularity fall.  I know that China and India have different reasons when they ban BTC.  but i believe.  Crypto users will have many ways to make BTC legal.  maybe demonstrations can make the Indian government change their decisions.

The value of bitcoin is directly proportional to its popularity and the legitimacy is still there in other major countries in the world such as the EU, G7 ... They will still help bitcoin become popular and growing stronger in value. I think that agreeing and supporting bitcoin is still everywhere in the world. It does not affect the bitcoin value as you think.

[bhabygrim]

I wouldn't really say that it would be trash or junk after being ban in 2 big countries.
Have you seen the effect when the FUD hits the market due to the fake news about China banning Bitcoin but the truth was they only ban ICO.
But even if 2 Big Countries ban it don't you think that the whole world is already aware of Bitcoin surely the market would crash but it wouldn't end there the Bitcoin would surely survive and make it's way to get high again.

[Vinalians]

Make your decision. If Bitcoin gets banned people will lose all their people in Bitcoin. $7000 will be $0.

You know what, If bitcoin will have a chance to get in 0$ for sure the users of it is just a few. Bitcoin will never reach that value even though that country will banned bitcoin. It's just the country after all, if you really love crypto you will make way like using VPN. Even big funding coutries banned bitcoin it will never reach 0$ that's for sure. decimals are countless.

[muhhentuhhen]

in India maybe yes but in China only the ico were banned not the bitcoins and then i don't think that this will influence the bitcoin value in the rest of the world, maybe there will be a slight decrease but only for a short time...

Nothing bad will happen to Bitcoin even if more countries ban it. It seems that in Russia, all the activities connected with the cryptocurrencies can be also illegal soon, but it will not affect crypto in the whole world.

[vladimirhf]

no way. actually one of the main characteristics of bitcoin is to be resistant to government bans.
they can make the trade complicated but won't stop it.

[Ferris419]

So, cryptocurrency is banned in India, but do you think Indian people will stop using Bitcoin? No way! A lot of people took cryptocurrency as their income source. In India, millions of people are jobless, they do online earning things to lead their life! They are enough smart to use VPN and other secret deal. Though I am not suggesting these things, but I saw people, even some of my Bangladeshi friends do these things to use Bitcoin! For your kind information, most of the big miners live in China! China banned ICO, STO, and other investment materials, not cryptocurrency! So, your opinion is worthless here! Bitcoin is not dependent on these two countries!

[rdbase]

Didnt know this well known bollywood star there started a bitcoin company.
Have to check and see what it is was all about before the ban happened and what will happen to his companies customers will have to do now.

10-year jail for buying, selling cryptocurrency in India: Report Selling, buying and/or mining cryptocurrencies will be considered a non-bailable offence, according to the new bill.

https://www.moneycontrol.com/news

No friend. I meant what the bitcoin company was which Amitabh Bachchan created not about the ban itself.
Something about him owning a part of Ziddu.com which is a blockchain research company.
While checking about the company found that cashcoin was part of another bollywood by the name of Shahbaz Khan over his involvement in a cryptocurrency scam.
source https://www.ccn.com/cryptocurrency-scam-cashcoin-india-bollywood

[pixie85]

There's no ban! Either most of you can't read or you're trolling. Even all those articles that you're quoting are saying it and you keep repeating it in your own way ignoring the facts.

Anybody in India dealing in cryptocurrencies will be sent to jail for 10 years, says a proposal in the draft of Banning of Cryptocurrency and Regulation of Official Digital Currency Bill

It's a proposal. There were proposals like this in the EU, the US, Japan and Korea. None of these proposals got approved in these countries. What makes you think that it will go through in India?

[Shova]

Bitcoin is already said to be banned in both of these countries from the government level. But the government has not done any real crackdown except from stopping banks and exchanges from trading it. One of the reason is they just can't. Bitcoin is hard to track and a waste of tax money unless they comes to banking channel.

[rdbase]

There's no ban! Either most of you can't read or you're trolling. Even all those articles that you're quoting are saying it and you keep repeating it in your own way ignoring the facts.

Anybody in India dealing in cryptocurrencies will be sent to jail for 10 years, says a proposal in the draft of Banning of Cryptocurrency and Regulation of Official Digital Currency Bill

It's a proposal. There were proposals like this in the EU, the US, Japan and Korea. None of these proposals got approved in these countries. What makes you think that it will go through in India?

Proposal or not. It is getting headlines and the attention they wanted so to use as a scare tatic. Whether it be under a political agenda which is probably the case since the winning party were already elected.
I have some friends from there who I chat too on a regular basis and they are scared that bitcoin will soon be banned due to this proposal.
So in a way it is doing it job by instating fear and anxiety for those who buy and sell cryptocurrency in these place in india where the bill is could be passed. Cause 10 years jail time is and not being able to post bail is a serious matter and nothing to joke about.

[Danslip]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

India has a reason for banning crypto payments but to be honest I can't understand the bad news from China. China made huge steps towards AI and its applied science but the Chinese government is against cryptocurrencies.

[Pamadar]

in India maybe yes but in China only the ico were banned not the bitcoins and then i don't think that this will influence the bitcoin value in the rest of the world, maybe there will be a slight decrease but only for a short time...

Nothing bad will happen to Bitcoin even if more countries ban it. It seems that in Russia, all the activities connected with the cryptocurrencies can be also illegal soon, but it will not affect crypto in the whole world.

There's some effect with adoptions when countries has been done such banned from their jurisdictions, but not that much when in terms of this current system, bitcoin will continue and there's nothing anyone can do about that as adoptions is getting wider and wider , believing that in due time this countries will also changed minds and re think about their policies.

[Leh-Meh]

No friend. I meant what the bitcoin company was which Amitabh Bachchan created not about the ban itself. Something about him owning a part of Ziddu.com which is a blockchain research company. :)While checking about the company found that cashcoin was part of another bollywood by the name of Shahbaz Khan over his involvement in a cryptocurrency scam.
source https://www.ccn.com/cryptocurrency-scam-cashcoin-india-bollywood

Bollywood superstar "Amitabh Bachchan" rides Bitcoin high, sees $250,000 investment surge to $17.5 million

https://www.indiatoday.in/technology/news/story

[cryptoblazter]

in India maybe yes but in China only the ico were banned not the bitcoins and then i don't think that this will influence the bitcoin value in the rest of the world, maybe there will be a slight decrease but only for a short time...

Nothing bad will happen to Bitcoin even if more countries ban it. It seems that in Russia, all the activities connected with the cryptocurrencies can be also illegal soon, but it will not affect crypto in the whole world.

Definitely true, bitcoin will be bitcoin even other countries ban. There are more countries still believe in bitcoin. Only those countries banning bitcoin are the ones having problem with money laundering. Those countries seem have weak legislative laws about money laundering that is why they're targeting bitcoin. Other countries with strong laws about money laundering  are continuing to recognize bitcoin.

[kotajikikox]

Even bitcoin banned in two countries it dosnt effect for bitcoin.bitcoin now can never be stop of any one.
I know that bitcoin now is popular in all countries using cryotocurrencies but still lets promote bitcoin,in all site like fb, youtube,twitter,yahoo and etc .where ever site we use.this is just to be known much well bitcoin.bitcoin has a big value that can be use in many countries.we know that bitcoin is very useful nowadays.
Promote this to those who not yet know bitcoin,advertising promoting online site can recognize people what bitcoin is.
If bitcoin known in everywhere I am sure all transaction will be made easily.
Having bitcoin also is a big investment.using bitcoin can make you rich someday when you know how to use this.
I know someday many countries will recognize the use of bitcoin in our lives.
Just wait for that time I know it will come soon.

[Leh-Meh]

It is all about the game and how you play it.

[emberbekas]

To be honest they aren't the two major countries at all ,that's true that they do hold an influence , but we already saw how Bitcoins suffered from just minor loss and then recovered during the ban in China , same will happen here too.

Also it's going to be banned or not is not yet confirmed in India , the fact is , it may be banned but trust me People will find a way to engage in Bitcoin , it's a democratic country in oppose to China thus people can submit plea against this decision.

It's not something that will influence the price that much , trust me.

Rumors like that have been around for a longer time, especially with China policies, but to this day, bitcoin is still there and even the price has increased slightly. India still has not yet confirmed the proposal whether they will ban bitcoin or not. But even though if India will ban bitcoin completely, I don't think bitcoin will be worthless!

[Sithara007]

So, cryptocurrency is banned in India, but do you think Indian people will stop using Bitcoin? No way! A lot of people took cryptocurrency as their income source. In India, millions of people are jobless, they do online earning things to lead their life! They are enough smart to use VPN and other secret deal. Though I am not suggesting these things, but I saw people, even some of my Bangladeshi friends do these things to use Bitcoin! For your kind information, most of the big miners live in China! China banned ICO, STO, and other investment materials, not cryptocurrency! So, your opinion is worthless here! Bitcoin is not dependent on these two countries!

A jail term is definitely going to discourage the vast majority from using Bitcoin. Using a VPN is OK. But when you convert your coins to fiat, there will always be some trail that can be traced back to you. Just remember that this is a country that tried to ban PayPal, and banned porn. Commonsense is a trait that is missing from the lawmakers of India.

[izanagi narukami]

Yes, they have impact on bitcoin value but in short term !
I can see cryptocurrency still have long term operation because they have Factor X that become attractive value for them especially when digital era getting advance faster than expected !

[dat.ho12492]

I wouldn't really say that it would be trash or junk after being ban in 2 big countries.
Have you seen the effect when the FUD hits the market due to the fake news about China banning Bitcoin but the truth was they only ban ICO.
But even if 2 Big Countries ban it don't you think that the whole world is already aware of Bitcoin surely the market would crash but it wouldn't end there the Bitcoin would surely survive and make it's way to get high again.

Well, right from the start, the value of bitcoin is regulated by users, big investors and traders, it's not regulated by government or any country, so banning bitcoin in two major countries, it is just a very normal news, it has only a little effect at the moment this information appears but then everything will return to normal. Bitcoin will not be garbage even if many countries prohibit it because users can still use it too easily, the value of bitcoin can still be pumped, the government does not exist in the world of bitcoin, prohibiting or not banning is still not important

[Leh-Meh]

June 14 or July 14 is the day Indian government will decide the fate of Bitcoin ??   

[BeManga]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

if im rght bitcoin is not ban in that country in china they only stop ICO and exchange but they say you can still use bitcoin in china and in india its only a proposed bill not approved yet.

[Alpha0One1]

Not news to me anymore, ban btc all they want.
BTC has been declared "dead" more than hundreds of times already.

The value of BTC relies on the people putting value in it. In this case, the crypto community.

The only thing that can devaluate btc to 0 is when all the global crypto exchanges are closed and all those willing to pay fiat for btc closes.
Similar to closing the internet which is close to impossible at the moment

[michellee]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

if im rght bitcoin is not ban in that country in china they only stop ICO and exchange but they say you can still use bitcoin in china and in india its only a proposed bill not approved yet.

I hope the news is wrong, so it doesn't make people worry and panic. I think people could still use bitcoin and altcoin in that country because I think their government will not use their power to ban cryptocurrency. They will think about their citizens, and they will help their citizens to get a better life with cryptocurrency.

[Nasonn]

Banning crypto in India and China will not have much effect on the price of Bitcoin because I understand that India for instance has only a little number of crypto owners compared to Western countries. Even if they decide to dump their bitcoin, it won't have much effect in the long run.

[Kasabus]

It's quite misleading, you never even attached a proof that would justify your statement.
AFAIK, bitcoin is not yet ban in China and India, I just know they are not pro crypto countries but even if they ban bitcoin, that would not make bitcoin worthless because majority of the world can still use bitcoin and don't expect that if they ban it, it would be permanent.

The country who adopt with bitcoin will benefit it as long as they have put a proper regulation on it.
Believe me, in the long run, all countries will embrace bitcoin and crypto.

[Lily_Olive]

Awwwww very sad to hear it.  But i think it could not happen.. because now a days it is the market of bitcoin..so i dnt think that bitcoin will ban in any country..

[bering]

June 14 or July 14 is the day Indian government will decide the fate of Bitcoin ??   

Currently june 14 and i wondering what decided India government will have whether bitcoin will temporary banned or banned forever which mean there is no chance to bitcoin entering this country again but indeed bitcoin users in this country will mass sold their bitcoin before the government announce new statement and very unfortunately in the middle of uptrend we see bitcoin banned by big country such as India

[Vaculin]

Banning crypto in India and China will not have much effect on the price of Bitcoin because I understand that India for instance has only a little number of crypto owners compared to Western countries. Even if they decide to dump their bitcoin, it won't have much effect in the long run.

Yes. Banning bitcoin with these two countries is not enough to make bitcoin dump again and experience a very low price. There are still big countries around the globe that have legalized bitcoin and has made it into a real currency. So India and China are not really a threat to bitcoin knowing that bitcoin can still perform its task without the involvement of these two countries.

[tippytoes]

Banning crypto in India and China will not have much effect on the price of Bitcoin because I understand that India for instance has only a little number of crypto owners compared to Western countries. Even if they decide to dump their bitcoin, it won't have much effect in the long run.

Yes. Banning bitcoin with these two countries is not enough to make bitcoin dump again and experience a very low price. There are still big countries around the globe that have legalized bitcoin and has made it into a real currency. So India and China are not really a threat to bitcoin knowing that bitcoin can still perform its task without the involvement of these two countries.

I totally agree with that. They are not our loss but it is their loss for banning the use of bitcoin. Do they really ban the usage of it or some aspects of it only? In actuality, there are still a lot of Indians or Chinese who are into bitcoin. The government can't fully implement their laws because the use of bitcoin and other crypto is not easily tracked down.

[Lexurdania]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Bitcoin have a lot experience with bad news and this is not first time. Bitcoin price now back above $8000 and its good sign not affected by this news. Bitcoin price at $8000 still cheap price compare highest price because this is 50% discount and many expert said bitcoin could reach $25k end this year

[Leh-Meh]

June 14 or July 14 is the day Indian government will decide the fate of Bitcoin ??   

Currently june 14 and i wondering what decided India government will have whether bitcoin will temporary banned or banned forever which mean there is no chance to bitcoin entering this country again but indeed bitcoin users in this country will mass sold their bitcoin before the government announce new statement and very unfortunately in the middle of uptrend we see bitcoin banned by big country such as India

Can you give me some +merits for my thread. This merits system here is creating lots of problem.

[jhonjhon]

I don’t think bitcoin will become trash because there are more countries supporting bitcoin and also despite being ban in those 2 countries bitcoin remained strong at $8600, this only means that the ban doesn’t have any effect on bitcoin’s value so it is very impossible for bitcoin to be a trash.

[Lily_Olive]

I am sure bitcoin  never banned in any country.. because bitcoin market is increasing day by day.  Now many people are intersted  in bitcoin.. they are not just intersted rather they are also investing in bitcoin..i dnt think so that it may happen.  Well lets  see what will happend..

[target]

The first time I heard of that Amitabh Bachchan is from the movie Slumdog Millionaire lol I didn't know he was a big investor in Bitcoin.
Bitcoin has been banned to countries but eventually allowed it. I don't think a country will ever resist the future of currencies, if they bann today sooner they'd be into it. If they see facebook and google allows it, they'd come to their senses.

[Shova]

The first time I heard of that Amitabh Bachchan is from the movie Slumdog Millionaire lol I didn't know he was a big investor in Bitcoin.
Bitcoin has been banned to countries but eventually allowed it. I don't think a country will ever resist the future of currencies, if they bann today sooner they'd be into it. If they see facebook and google allows it, they'd come to their senses.

People and government may resist it but they won't be able to hold it forever. Crypto is the future, even if you like it or not as it's going to shape the future technology of IOT, crypto is coming at you. And if any government try to ban crypto, they would be replaced with a crypto friendly government.

[Lily_Olive]

just like China and how they haven ever banned bitcoin, India has never banned bitcoin either. it is just the shitty clickbait media that has found something they think is hot and are abusing it by spreading false information and newbies like the starter of this topic read it and believe it because they want to keep their brains intact and unused

Yes it will never be banned in any country.. these are just rumors  and nothing at all..

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[Austin_Lord]

Lol ban from those 2 country will surely not affect bitcoin itself at all,bitcoin easily recovered on price when ban on china is released.Plus the fact that yes the community there is big but not big enough to take bitcoin down if they will stop on using or get banned from using bitcoin.Trust me theres more influencial country that has a huge amount of bitcoin user

Yeah right.. definalty this will not effect the bitcoin price..it may effect on country's market..

[b3llsf1l3s]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Wait a minute, where did you get this information? Even if bitcoin is banned in both countries, I'm still not sure that Bitcoin will reach a decline to that level. Banned is more about using bitcoin as a means of payment (usually the case is like that) so that ownership of bitcoin can still be allowed.

And also what kind of Bitcoin company is that ? i mean the purpose of that company run for ?

[jak3]

It will not become trash for sure. it's upon a users/person's point of view how you think bitcoin or any other cryptocurrency will affect the country. yes, its true that cryptocurrencies are banned in these two countries but look on the bright side bitcoin is accepted in many companies, countries and even big individuals are holding bitcoins. Soon India and China will be forced to accept this new technology or they have to face the losses associated with it. if you can not adjust with the world then you will face whats called changing time.

[Leh-Meh]

Satoshi Nakamoto -- I'm sure that in 20 years there will either be very large transaction volume or no volume

Satoshi knew bitcoin's end after 20 years if it does not make it ?

[btcforthewin]

Thats a bit sad if India is  going thru with this ban, because it will ban the common folks from using cryptos . I honestly believe that it could be beneficial for this particular country. But about China - I am not sure that ban is actually working, I often read that Chinese are in fact mining and using  BTC.

[Kiefner]

These countries have a very large population, but this does not mean that they have a great influence on bitcoin. Bitcoin will still be distributed. Therefore, the bans of these countries will not prevent it from developing.

[qtronix]

I think that all these prohibitions are temporary. Sooner or later bitcoin will be accepted everywhere. But even if there are several countries that will ban it, it will not have a significant negative impact on bitcoin.

[klaaas]

I think that all these prohibitions are temporary. Sooner or later bitcoin will be accepted everywhere. But even if there are several countries that will ban it, it will not have a significant negative impact on bitcoin.

Indeed Bitcoin does not have borders and cant be blocked, China as example that has tried it before.  They can make it though do.

[Leh-Meh]

These countries have a very large population, but this does not mean that they have a great influence on bitcoin. Bitcoin will still be distributed. Therefore, the bans of these countries will not prevent it from developing.

I agree India does not influence anything. India gets 2 Olympic gold medals in each world Olympics events till today. India shows bollywood trash to all the countries that's all.

[Tylev]

Even if the circulation of cryptocurrency is prohibited in India and China, it will not significantly affect the cryptocurrency. She will continue to walk in other countries and will further develop. We know that these prohibitions are temporary. The countries of the G-20, the countries of the European Union do not reject cryptocurrency, and it will be regulated and walked on their territory. Perhaps, for a short time, these bans will affect the cryptocurrency price decline, but no more.

[MMysterious]

Look at the price now? Where are the Indians that can trash Bitcoin price? I told you India have little volume in crypto and it is not enough to even drop Bitcoin back to $5,000. Bar the Chinese because their rich people can easily evade their government rules.

[Bunsomjelican]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Don't you know that China is one of the largest country that has a bitcoin mining farm in the entire world. So how come that China will ban it? probably,  possible crypto but not bitcoin itself.

[Johnzky]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Don't you know that China is one of the largest country that has a bitcoin mining farm in the entire world. So how come that China will ban it? probably,  possible crypto but not bitcoin itself.

Exactly I don’t know where this man come to this idea when the whole crypto world knew about the involvement of China in the increasing bitcoin community.
It’s very impossible than a country that produces bitcoin largely compared to The Who universe will come to banned this lol

[mitchr4]

We still have big countries that support Bitcoin, one of which is Japan and Korea. Moreover, if India and China banning Bitcoin it does not mean making it into junk/trash. I am sure the Bitcoin users in that country will still use it, only they use it without the government's attention. And strangely we can still see the value of Bitcoin rising even though the ban is still a rumor.

[bittick]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Don't you know that China is one of the largest country that has a bitcoin mining farm in the entire world. So how come that China will ban it? probably,  possible crypto but not bitcoin itself.

There's that one time where the rumour of the chinese government banning bitcoin spread across the world and the market cap from china moving over to its neighbouring countries like japan and korea, it's not impossible for china to ban bitcoin the government just don't care about your mining farm maybe, kinda irrelevant when the amount is not influental enough.

[Leh-Meh]

There's that one time where the rumour of the chinese government banning bitcoin spread across the world and the market cap from china moving over to its neighbouring countries like japan and korea, it's not impossible for china to ban bitcoin the government just don't care about your mining farm maybe, kinda irrelevant when the amount is not influental enough.

Satoshi Nakamoto -- I'm sure that in 20 years there will either be very large transaction volume or no volume

After 10 years, bitcoin is getting hammered everywhere. 

[nasipadang]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Just calm down there are still other ways for them to keep using cryptocurrency, for the banning of bitcoin in india is still light because to my knowledge the punishment has not been determined and only restricts access, regarding the Indian offender has been sticking out since February 2019 and has had an impact.

[Ris88]

Surely the world has used a lot of advanced technology, and is similar to bitcoin that uses blockchain technology and almost all countries know bitcoin and the development of bitcoin, the problem of 2 countries that do not accept bitcoin, does not mean they will not accept bitcoin, if all countries have legalized bitcoin The two countries will contribute to legalize it ...

This is just news so that everyone worries about the value of bitcoin in the future and makes panic for new users who don't know anything, and at that time they can buy a lot of bitcoin, actually this news is old and lifted back to the public to create panic for bitcoin holders !!

[Lily_Olive]

OMG.. thats not possible.. these are just rumours  i yhink soo.. well i think these are not major  countries.. if bitcoin will be banned here then there  will be nothing..

[Lily_Olive]

Even if the circulation of cryptocurrency is prohibited in India and China, it will not significantly affect the cryptocurrency. She will continue to walk in other countries and will further develop. We know that these prohibitions are temporary. The countries of the G-20, the countries of the European Union do not reject cryptocurrency, and it will be regulated and walked on their territory. Perhaps, for a short time, these bans will affect the cryptocurrency price decline, but no more.

Definatly  right.. may be these are just rumours.. well it will not too much effect on cryptocurrency  price...

[Lucius]

Satoshi Nakamoto -- I'm sure that in 20 years there will either be very large transaction volume or no volume

After 10 years, bitcoin is getting hammered everywhere. 

Bitcoin is getting hammered only in your empty head, you still spread same FUD on this forum since you make your first account. In last 24 hours bitcoin trading volume was only $16,078,777,549, do you know how much money is that? It's about 16+ billion US dollars, which in any case is a number far beyond the reach of your limited brain.

[7788bitcoin]

Satoshi Nakamoto -- I'm sure that in 20 years there will either be very large transaction volume or no volume
Satoshi knew bitcoin's end after 20 years if it does not make it ?

Looking for some conspiracy theories here  , if someone is creating something which could turn the financial market upside down, he knows the impact it could make but cannot be certain in the beginning that it will be a grand success as success can be measured with the test of time, so even if Satoshi said something like that, it is within that contest and that does not mean that it will end in 20 years.
If two countries known for its breeding bans bitcoin  , nothing will happen to the entire market, it will be a loss for their citizens to take advantage of new financial market.

[Leh-Meh]

Just calm down there are still other ways for them to keep using cryptocurrency, for the banning of bitcoin in india is still light because to my knowledge the punishment has not been determined and only restricts access, regarding the Indian offender has been sticking out since February 2019 and has had an impact.

Only 8% Americans have Bitcoin. That is 24,000,000 Americans.

[bitbunnny]

Well, the story about ban in India isn't over yet and it's still isn't clear how the whole situation will be solved. So, don't conclude in advance.
By now experiences have told us that bans never brought anything good but also didn't prevent people from doing something. The same will be with Bitcoin, users will find their way. Ban might influence Bitcoin in negative way but it will not destroy it, such presumption is exaggerated.

[pundit]

To be honest they aren't the two major countries at all ,that's true that they do hold an influence , but we already saw how Bitcoins suffered from just minor loss and then recovered during the ban in China , same will happen here too.

Also it's going to be banned or not is not yet confirmed in India , the fact is , it may be banned but trust me People will find a way to engage in Bitcoin , it's a democratic country in oppose to China thus people can submit plea against this decision.

It's not something that will influence the price that much , trust me.

Rightly said, BTC is not officially banned in India yet, yes there is restriction on buying and selling BTC on any exchange in India. There are still lots of buyers of BTC on P2P exchanges, one can sell BTC for INR at a good price. I think BTC price did not get affected after this of "Cryptocurrency ban in India". Somehow if govt implement this decision even then there will be much plea against it. So I do not see any problem in storing BTC here in India till there is some firm decision over it.

[adzino]

There are 195 countries in the world and you really think this two countries, India and China will cause the destruction of bitcoin? Well, lol!
No. Those countries banning bitcoin won't make bitcoin trash/junk. And users will still be able to sell them on other exchanges and withdraw their fiat currency. The bans might cause slight dipping of the price but will recover faster than expected.

[sieemma]

Bitcoin's current growth is not as a result of a particular country involving in bitcoin/cryptocurrency. Even where crypto is banned, people still participate in bitcoin trades and a lot of crypto dealings. Crypto enthusiasts are never affected by a ban so nothing will happen to bitcoin if it is banned in even up to 10 big countries.

[kissme09]

The US has banned bans in its country, and Binance has banned all Americans from participating in its platform transactions for 90 days. Bitcoin fell after this event took place? Bitcoin has not decreased, and it has increased by $ 1,000 after the event. This means that Bitcoin does not need big countries, it needs whales.

[therhslv]

Oh there is plenty of other countries , when BTC will be accepted for ETF then probably your mentioned 2 big countries will follow and unban it as they will lose alot of money from banning it Bitcoin is here to stay , same as Internet

[eaLiTy]

Well, the story about ban in India isn't over yet and it's still isn't clear how the whole situation will be solved. So, don't conclude in advance.

That is the truth, the situation in India is not clear and the news that hit the market were all click baits, there is a proposed bill and there is no confirmation whether it can be passed as a law.

By now experiences have told us that bans never brought anything good but also didn't prevent people from doing something. The same will be with Bitcoin, users will find their way. Ban might influence Bitcoin in negative way but it will not destroy it, such presumption is exaggerated.

Banning the market is not a solution to anything and people will find a way to trade and once the government understands that a outright ban will take the market underground rather than scaring people with these proposed bills, they will find a way to sort out the issue that will not hurt the investors and even if India or China bans bitcoin there will be no influence in the entire market.

[Naida_BR]

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??    Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

These two countries are huge markets for the crypto industry however there will be options for them to buy and sell crypto. OTC or localbitcoins are one of the available solutions that it might have.
Bitcoin will not be dead or junk because there are many other huge markets that are going to disrupt.