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

[Alpha0One1]

Not news to me anymore, ban btc all they want.
BTC has been declared "dead" more than hundreds of times already.

The value of BTC relies on the people putting value in it. In this case, the crypto community.

The only thing that can devaluate btc to 0 is when all the global crypto exchanges are closed and all those willing to pay fiat for btc closes.
Similar to closing the internet which is close to impossible at the moment

[michellee]

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.

I hope the news is wrong, so it doesn't make people worry and panic. I think people could still use bitcoin and altcoin in that country because I think their government will not use their power to ban cryptocurrency. They will think about their citizens, and they will help their citizens to get a better life with cryptocurrency.

[Nasonn]

Banning crypto in India and China will not have much effect on the price of Bitcoin because I understand that India for instance has only a little number of crypto owners compared to Western countries. Even if they decide to dump their bitcoin, it won't have much effect in the long run.

[Kasabus]

It's quite misleading, you never even attached a proof that would justify your statement.
AFAIK, bitcoin is not yet ban in China and India, I just know they are not pro crypto countries but even if they ban bitcoin, that would not make bitcoin worthless because majority of the world can still use bitcoin and don't expect that if they ban it, it would be permanent.

The country who adopt with bitcoin will benefit it as long as they have put a proper regulation on it.
Believe me, in the long run, all countries will embrace bitcoin and crypto.

[Lily_Olive]

Awwwww very sad to hear it.  But i think it could not happen.. because now a days it is the market of bitcoin..so i dnt think that bitcoin will ban in any country..

[bering]

June 14 or July 14 is the day Indian government will decide the fate of Bitcoin ??   

Currently june 14 and i wondering what decided India government will have whether bitcoin will temporary banned or banned forever which mean there is no chance to bitcoin entering this country again but indeed bitcoin users in this country will mass sold their bitcoin before the government announce new statement and very unfortunately in the middle of uptrend we see bitcoin banned by big country such as India

[Vaculin]

Banning crypto in India and China will not have much effect on the price of Bitcoin because I understand that India for instance has only a little number of crypto owners compared to Western countries. Even if they decide to dump their bitcoin, it won't have much effect in the long run.

Yes. Banning bitcoin with these two countries is not enough to make bitcoin dump again and experience a very low price. There are still big countries around the globe that have legalized bitcoin and has made it into a real currency. So India and China are not really a threat to bitcoin knowing that bitcoin can still perform its task without the involvement of these two countries.

[tippytoes]

Banning crypto in India and China will not have much effect on the price of Bitcoin because I understand that India for instance has only a little number of crypto owners compared to Western countries. Even if they decide to dump their bitcoin, it won't have much effect in the long run.

Yes. Banning bitcoin with these two countries is not enough to make bitcoin dump again and experience a very low price. There are still big countries around the globe that have legalized bitcoin and has made it into a real currency. So India and China are not really a threat to bitcoin knowing that bitcoin can still perform its task without the involvement of these two countries.

I totally agree with that. They are not our loss but it is their loss for banning the use of bitcoin. Do they really ban the usage of it or some aspects of it only? In actuality, there are still a lot of Indians or Chinese who are into bitcoin. The government can't fully implement their laws because the use of bitcoin and other crypto is not easily tracked down.

[Lexurdania]

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 have a lot experience with bad news and this is not first time. Bitcoin price now back above $8000 and its good sign not affected by this news. Bitcoin price at $8000 still cheap price compare highest price because this is 50% discount and many expert said bitcoin could reach $25k end this year

[Leh-Meh]

June 14 or July 14 is the day Indian government will decide the fate of Bitcoin ??   

Currently june 14 and i wondering what decided India government will have whether bitcoin will temporary banned or banned forever which mean there is no chance to bitcoin entering this country again but indeed bitcoin users in this country will mass sold their bitcoin before the government announce new statement and very unfortunately in the middle of uptrend we see bitcoin banned by big country such as India

Can you give me some +merits for my thread. This merits system here is creating lots of problem.

[jhonjhon]

I don’t think bitcoin will become trash because there are more countries supporting bitcoin and also despite being ban in those 2 countries bitcoin remained strong at $8600, this only means that the ban doesn’t have any effect on bitcoin’s value so it is very impossible for bitcoin to be a trash.

[Lily_Olive]

I am sure bitcoin  never banned in any country.. because bitcoin market is increasing day by day.  Now many people are intersted  in bitcoin.. they are not just intersted rather they are also investing in bitcoin..i dnt think so that it may happen.  Well lets  see what will happend..

[target]

The first time I heard of that Amitabh Bachchan is from the movie Slumdog Millionaire lol I didn't know he was a big investor in Bitcoin.
Bitcoin has been banned to countries but eventually allowed it. I don't think a country will ever resist the future of currencies, if they bann today sooner they'd be into it. If they see facebook and google allows it, they'd come to their senses.

[Shova]

The first time I heard of that Amitabh Bachchan is from the movie Slumdog Millionaire lol I didn't know he was a big investor in Bitcoin.
Bitcoin has been banned to countries but eventually allowed it. I don't think a country will ever resist the future of currencies, if they bann today sooner they'd be into it. If they see facebook and google allows it, they'd come to their senses.

People and government may resist it but they won't be able to hold it forever. Crypto is the future, even if you like it or not as it's going to shape the future technology of IOT, crypto is coming at you. And if any government try to ban crypto, they would be replaced with a crypto friendly government.

[Lily_Olive]

just like China and how they haven ever banned bitcoin, India has never banned bitcoin either. it is just the shitty clickbait media that has found something they think is hot and are abusing it by spreading false information and newbies like the starter of this topic read it and believe it because they want to keep their brains intact and unused

Yes it will never be banned in any country.. these are just rumors  and nothing at all..

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[Austin_Lord]

Lol ban from those 2 country will surely not affect bitcoin itself at all,bitcoin easily recovered on price when ban on china is released.Plus the fact that yes the community there is big but not big enough to take bitcoin down if they will stop on using or get banned from using bitcoin.Trust me theres more influencial country that has a huge amount of bitcoin user

Yeah right.. definalty this will not effect the bitcoin price..it may effect on country's market..

[b3llsf1l3s]

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.

Wait a minute, where did you get this information? Even if bitcoin is banned in both countries, I'm still not sure that Bitcoin will reach a decline to that level. Banned is more about using bitcoin as a means of payment (usually the case is like that) so that ownership of bitcoin can still be allowed.

And also what kind of Bitcoin company is that ? i mean the purpose of that company run for ?

[jak3]

It will not become trash for sure. it's upon a users/person's point of view how you think bitcoin or any other cryptocurrency will affect the country. yes, its true that cryptocurrencies are banned in these two countries but look on the bright side bitcoin is accepted in many companies, countries and even big individuals are holding bitcoins. Soon India and China will be forced to accept this new technology or they have to face the losses associated with it. if you can not adjust with the world then you will face whats called changing time.

[Leh-Meh]

Satoshi Nakamoto -- I'm sure that in 20 years there will either be very large transaction volume or no volume

Satoshi knew bitcoin's end after 20 years if it does not make it ?