Kindly wait for the govt decision first about the bitcoin . What if govt decides that since this currency is not controlled by any one so such currency India cannot allow to exists in India. So a ban in place may come. Then what the purpose once the ban comes you cannot trade in India and this thread will be actually in no use.
You are right buddy but the Government is unlikely to ban cryptocurrencies in India. You can find this news on Google as well as Youtube. Many newspapers as well as news channels have said the same.