Do you think, India lifting the ban on cryptocurrencies will impact BTC Price?

[White Christmas]

We think this is huge for the crypto world looking at the current BTC price graph.

Comment below your opinions.

EDIT

Here is All you need to know about #Cryptocurrency Trading becoming legal in India

I think there would be a positive impact on the market value of bitcoin and as well as the other coin due to the lifting of banning of cryptocurrencyin india because as we are now accepting an adaptation of country today cryptocurrency or bitcoin will be have a positive impact as well as the economic growth of the country so i assume that there would be a positive impact and large impact to the price of the bitcoin right now.

[Meowth05]

This ban lifting will surely impact BTC price because this will open new market for people to do trading and such safely. An addition to that having the cryptocurrency being recognized as a safe item for monetary purposes. One country recognizing BTC as a stable currency means that it is a win for the cryptocurrency market.

[pawanjain]

India lifting the ban is surely a positive news but the thing to consider here is the Coronavirus impact on the market that has taken the market down like a storm.
The whole stock market has been affected due to this and the people are in a state of panic. The crypto market is facing the biggest losses since bitcoin is down by more than 30%.
Bitcoin has dumped from $9000 to almost $6000 now and I guess it will pretty hard for it to recover the price before the halving.

[Arcas]

Need most bigger and effective country to make other will allow what have to do, if small country allow and legal bitcoin but many bigger country not legal using bitcoin keep not give positive effect to make bitcoin on the top price.

[niocexchange]

Need most bigger and effective country to make other will allow what have to do, if small country allow and legal bitcoin but many bigger country not legal using bitcoin keep not give positive effect to make bitcoin on the top price.

I would contradict your statement, sir. How do you think India is a small country? With the amount of educated population and Business Leaders right now, it is clearly unfair to say something like this.
Even if we are Estonia based cryptocurrency exchange still we see the Indian market as one of the top markets.

[leeboy]

This may bring a lot of new users with thier money in crypto but current situation is not looking so attractive

[alexsandria]

We think this is huge for the crypto world looking at the current BTC price graph.

Comment below your opinions.

EDIT

Here is All you need to know about #Cryptocurrency Trading becoming legal in India

Of course yes there will be huge impact on the bitcoin price and the market graph on the news that the India lift the banning of cryptocurrencies into their country. We also think that there would be a huge impact on it by just looking the market graph of the coins and bitcoins that there will be really a huge impact of it.

[stompix]

Of course yes there will be huge impact on the bitcoin price and the market graph on the news that the India lift the banning of cryptocurrencies into their country. We also think that there would be a huge impact on it by just looking the market graph of the coins and bitcoins that there will be really a huge impact of it.

Do you actually think before posting?
What graphs should we look at ?
This one? Do I have to stand with my head down and legs up to see the growth?




Nobody cared when India "banned" bitcoin, nobody cares if India unbanned it.
Despite having 1.5 billion people, India means close to zero for the market, 90% of the people there can't afford to buy anything other than food, how do you think they will manage to invest at much as the other countries?

And right now with the current situation nobody gives a damn about the rest of the world, everybody is focussed on Europe closing down (I'm in self-isolation right no btw), if the EU stops you won't be seeing growth in anything for a year at least.

[RamBahadur.Gurung]

Nobody cared when India "banned" bitcoin, nobody cares if India unbanned it.
Despite having 1.5 billion people, India means close to zero for the market, 90% of the people there can't afford to buy anything other than food, how do you think they will manage to invest at much as the other countries?

Well.. I am not going to argue. I am from Nepal, which happens to be one of the countries that border India. A large part (may be one-third of the population) of the Indians live in poverty, but India is home to dozens of billionaires and thousands of ultra-high net worth individuals. If China is an important market for Bitcoin, then we can say that India is also one of the major markets.

[pankaj1234]

Lifting the ban on Cryptocurrency from india is difienately a boost for crypto market because india is huge market and world 2nd largest populated country. People always want is that their fund should be safe in any market.if Indian government lifting nban from Cryptocurrency people now enjoy this crypto world much more easier way then before they have.
So good and smart decision by Indian supreme court.

[FanatMonet]

Any positive news will be very important now, but still they will not be able to reverse the trend against the backdrop of a global collapse of markets and coronavirus. Perhaps in the future she will be able to help, but in the current situation they will not help much.

[kotajikikox]

All the good news here is not enough to make the market grow now because our enemy is a World wide Virus in which Pandemic that we know will last for longer time.

What i was looking is the bright side and that is to find money to invest more for crypo,specially Bitcoin that i know will make me rich in future.
 Lets use this downtrend to invest more and not to cry for losses .

[Distinctin]

All the good news here is not enough to make the market grow now because our enemy is a World wide Virus in which Pandemic that we know will last for longer time.

Exactly, we can't appreciate any good news now although this news is quite big because of the fact that people all over the world are in panic right now.
This pandemic has destroyed not only the crypto market but the economy and we are feeling it now, and we can't do anything but to continue to monitor the situation and just do what we feel is right.

What i was looking is the bright side and that is to find money to invest more for crypo,specially Bitcoin that i know will make me rich in future.
 Lets use this downtrend to invest more and not to cry for losses .

We can find a way if we will, really, bitcoin dump 50% from its high this year so far, I think in less than a year we will be back and maybe consider borrowing money from the back, they can offer low interest, probably 20% below per year, you are still in profit in case it will take a year for this market to recover.

[omone1]

This will not necessarily impact the market since India is not a major power house in economic power, this can allow her citizens to massive dive into the market without fear.

[niocexchange]

With all the predictions and explanations, it is still not the right time to draw major decisions because of the CoronaVirus Outbreak. Bitcoin price went up due to the decision of SC and rapidly dipped because of the outbreak worldwide, especially China.

[mariah.sadio]

It could impact btc prices but not in the current situation. New investors dont want to bring their money in the industry

[Twentyonepaylots]

It could impact btc prices but not in the current situation. New investors dont want to bring their money in the industry

it will definitely impact the price of bitcoin one way or another. As more countries lift their banhammers on cryptocurrencies it's highly likely that prominent coins in the market pump in the prices. And India being a country with a large population density and much more people who are open to investing instead of saving. Cryptocurrencies, particularly bitcoin and possibly ethereum can thrive in their market. With increases of atleast 2% approximately. So statistically-speaking, India lifting their bans on cryptocurrencies may open huge doors for bitcoin to thrive in a new market.

[fiulpro]

Well , India did lift the ban of cryptocurrencies and it didn't show much of a growth with respect to the price.
Because honestly telling people from India who were involved in bitcoins , even after the Ann they were still involved.
They were buying , selling and local bitcoins did not put a ban on that simply because government never did fully ban the bitcoins..
Only banks were creating a problem , so people were still using bitcoins paying a lil extra , for the intermediate fee.
Therefore the price increase shouldn't be that much.

[rodskee]

We think this is huge for the crypto world looking at the current BTC price graph.

Comment below your opinions.

EDIT

Here is All you need to know about #Cryptocurrency Trading becoming legal in India

nothing is certain today mate,Yeah if this Corona Virus did not grow this wide?for sure we are now experiencing the Growth came from this Ban lifting of India and the Korean adoption of Bitcoin but as of now?we can see the highest fall we ever had for the years of this market.bringing Bitcoin to fall almost 50% in just 16 hours or lower.this is the best test we can have now and also for those who can stand Holding and Buying in this Bear market.

[geegaw]

Well , India did lift the ban of cryptocurrencies and it didn't show much of a growth with respect to the price.
Because honestly telling people from India who were involved in bitcoins , even after the Ann they were still involved.
They were buying , selling and local bitcoins did not put a ban on that simply because government never did fully ban the bitcoins..
Only banks were creating a problem , so people were still using bitcoins paying a lil extra , for the intermediate fee.
Therefore the price increase shouldn't be that much.

Of course, the growth of crypto will never be at high indices through the breaking of bans because the ban in India or many other countries, all can only deter some people who want to start participating in crypto, for other users, they are not too concerned when they know that this blocking will not affect them, their capitalization can still move in the market every day, scrutiny or management from the government is non-existent. Such too simple information from one country will not cause many problems for bitcoin, only unified information creates danger