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

[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.