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

[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.