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

[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
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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.
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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.