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

[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.