Re: India may ban Bitcoin

if they ban it will be the stupidest decision by INDIA

Like the demonetization game

If u think demonetization is stupid game , then i m afraid that you are not a financial person and your opinion is really biased with media.

https://aajtak.intoday.in/story/bitcoin-investment-finance-ministery-warned-tut-1-974162.html

Bit coin is easily used by Black money and should be banned like china done with there exchanges and ICO.

Now take an example of current railway tickets hacking , person is also using bitcoin as payment.

Railway is running in loss due to corruption and demonetization really help this , We indian never appreciate anything , we always blame but we dont check our side.

India should ban bitcoin and start real blockchain thing like Russian GOV started .

Bit coin will definitely fall down and a major risked asset.

Current rate of btc is 14663 in coinbase @ 12.49 pm IST
Exchange rate 63.91 = 937112.33

Zeb pay : 1 BTC in Buy Price : ₹ 11,75,135 Sell Price : ₹ 11,29,124
Uno coin : BUY BTC: 11,83,986|SELL BTC: 10,83,347

So why they need this much of difference ?

I also invested in BTC because i knew people are dumb enough that this one is not at-least fail too soon but its going to be fail after some time.

Even i invested in bit coin , but bitcoin should be banned , because our Leader are also investing in it in majorly they should be punished.

Thanks

I think you have not done your research on demonetization its a complete failure with loss.

Read this

http://www.businesstoday.in/current/economy-politics/rbi-annual-report-loss-demonetisation-printing-notes-note-ban-data/story/259391.html

All politicians are making money by robbing general public , BJP have bought most news channels and news papers hence they are just following their orders to print and publish negativity for Crypto Currencies so that people do not pull their money from banks and convert to crypto. Politicians and leaders are DUMB they do not have any clue on how crypto works and they even do not give a shit about it because they have enough of new notes,

The railway scam you are refereeing that guy had 2kg of gold bars and lot of gold jewelry , he also used hawala and over 50 lacs in cash.

Hence Indian Govt should ban Gold and Notes as well. Railway is in loss because of bad administration and Government.

Our PM is also corrupt he made lot of money that we cannot even imagine , our country Actual PM is Ambani and TATA they run our economy with corrupted leaders.

As far as China and Russia is concerned you can pay to supplier using bitcoins from anywhere they are accepting it as mode of payment.

Hope this explains everything.

Thanks

Now in this forum both our thought is posted lets wait for future and see who is correct

First you have to understand one thing,all political parties are corrupted,where do you think they are getting the money to serve their organisation and political campaigns.
Talking about ban on bitcoin is absurd thing.before bitcoin corruption was not there? No,it was and it will remain.bitcoin is just a medium to increase your amount of money and gain profit.before it gold , valuable asset and capital asset were used to hide black money.
Blockchain is new thing and government is doing right thing to tell people to be careful while investing in cryptocurrency as here majority people do have less or no knowledge about btc or blockchain and they are likely to get scammed.
Btc is old tech and can not be used as day today transaction ,only used for limited transaction asset due to high fees .i personally think only IT related or share market traders should invest in crypto,it is not meant for general purpose due to lack of knowledge.