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

[pundit]

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.

Rightly said, BTC is not officially banned in India yet, yes there is restriction on buying and selling BTC on any exchange in India. There are still lots of buyers of BTC on P2P exchanges, one can sell BTC for INR at a good price. I think BTC price did not get affected after this of "Cryptocurrency ban in India". Somehow if govt implement this decision even then there will be much plea against it. So I do not see any problem in storing BTC here in India till there is some firm decision over it.

[1713300032]

1713300032

[adzino]

There are 195 countries in the world and you really think this two countries, India and China will cause the destruction of bitcoin? Well, lol!
No. Those countries banning bitcoin won't make bitcoin trash/junk. And users will still be able to sell them on other exchanges and withdraw their fiat currency. The bans might cause slight dipping of the price but will recover faster than expected.

[sieemma]

Bitcoin's current growth is not as a result of a particular country involving in bitcoin/cryptocurrency. Even where crypto is banned, people still participate in bitcoin trades and a lot of crypto dealings. Crypto enthusiasts are never affected by a ban so nothing will happen to bitcoin if it is banned in even up to 10 big countries.

[kissme09]

The US has banned bans in its country, and Binance has banned all Americans from participating in its platform transactions for 90 days. Bitcoin fell after this event took place? Bitcoin has not decreased, and it has increased by $ 1,000 after the event. This means that Bitcoin does not need big countries, it needs whales.

[therhslv]

Oh there is plenty of other countries , when BTC will be accepted for ETF then probably your mentioned 2 big countries will follow and unban it as they will lose alot of money from banning it Bitcoin is here to stay , same as Internet

[eaLiTy]

Well, the story about ban in India isn't over yet and it's still isn't clear how the whole situation will be solved. So, don't conclude in advance.

That is the truth, the situation in India is not clear and the news that hit the market were all click baits, there is a proposed bill and there is no confirmation whether it can be passed as a law.

By now experiences have told us that bans never brought anything good but also didn't prevent people from doing something. The same will be with Bitcoin, users will find their way. Ban might influence Bitcoin in negative way but it will not destroy it, such presumption is exaggerated.

Banning the market is not a solution to anything and people will find a way to trade and once the government understands that a outright ban will take the market underground rather than scaring people with these proposed bills, they will find a way to sort out the issue that will not hurt the investors and even if India or China bans bitcoin there will be no influence in the entire market.

[Naida_BR]

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 huge markets for the crypto industry however there will be options for them to buy and sell crypto. OTC or localbitcoins are one of the available solutions that it might have.
Bitcoin will not be dead or junk because there are many other huge markets that are going to disrupt.