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What effect will it brings to Bitcoin trading in india. If government put a bann on Bitcoin.

Discussion in 'CryptoCurrency' started by jb2302, May 10, 2017.

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  1. jb2302

    jb2302 Regular Member

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    I am listening lot of houmous that indian government is most likely to put a ban on Bitcoin in India. As they say it can not be left unregulated.
    That is insane. I already feel like a prison in here.
    Why they do not open them to the world. Bitcoin is the thing we can trade with each other easliy.
    They just want total control over every person life.
    You cantbgo anywhere you wanted, you cant trade , you can't wear, you cant eat this.
    Just give my bank ACC a Bitcoin address. And take your tax. I don't understand why are those old people did not get anything easily.

    Right now if a pay someone by paypal i pay him @67
    Andvwhen i do get paid. It comes to @57 per $

    I knew even if Bitcoin got banned we will all be using it. But the condition will be nuch batter if it was accepted .and to be frank we developing nation need to be connected more then the devopled nation, and bit coin will open the gates wide open.

    Or still the government wants that the indian can be employed only. Not the boss, he just has to work under.
     
  2. jimbobo2779

    jimbobo2779 Jr. VIP Jr. VIP

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    Sorry but i had to laugh at you listening to houmous. I realise its probably spell check gone awry.

    Basically it will mean that no Indian company will accept btc but I don't see how they could stop you owning and trading with btc with people and companies outside of India.

    The price of btc will likely drop slightly for a short while with any regional ban on it as it will mean less people using it overall and it's potential reach will lessen.
     
  3. savobaby

    savobaby Regular Member

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    And that's just the way life is. Don't get me started on the whole "government control" thing.
     
  4. AneaKr

    AneaKr Jr. VIP Jr. VIP

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    In reality, I think more localized government bans will actually see a long-term rise in the price of cryptocurrency. After all, this is the entire reason for the existence of Bitcoin: to circumvent the ridiculously micromanaged fiat market. We saw almost exactly this happen when China started investigating crypto.

    Just because these jurisdictions are placing restrictions on it, doesn't mean you can't use it. Of course you might not be able to pay or get paid for local services, but BTC does not = INR or USD. It's operating outside this arena, and you will continue to be able to do whatever you like with it as long as you've got an internet connection.
     
  5. masush300

    masush300 Jr. VIP Jr. VIP Premium Member

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    i thought it was already banned in india
     
  6. X-R0

    X-R0 Regular Member

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    Don't get me wrong... but why you care what these old people says. You making money online, you spent money online.
    And you always find some of these old mans who comes later and want to buy some bitcoins from you.

    Don't worry to much bro
     
  7. KaleKharaab

    KaleKharaab BANNED BANNED

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    Fuck India, come to Canada f they do that . No offense, just saying. I heard they kill people if they eat Beef and if you try to transport Cattle especially cows, people will beat the shit out of you there. Fucking insane people.