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

[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.