I thought we were already pass the point of debating if China matters.
The price going up with all the FUD from China, with all their exchanges closing down have shown that the importance of China has vanished.
And now India? Seriously? India?
One of the poorest country on earth, with half of their population unable to afford a regular non segwit tx is going to affect the price?
Let's be honest about it, at list China had Bitmain and mining farms, India has nothing.
Just look at one small thing: Number of bitcoin nodes in India 58. Number of nodes in Lithuania 81.
Not India? Ha ha you guys always underestimate India to be a poor country. Do you guys know how much the corrupt Indian politicians and rich people have saved money in Swiss bank. India is definitely influencing the bitcoin price but behind the scenes.Most of the Indian people might be middle class but not India a poorer country. We must not forget that India is the second largest country in population and out of 120 crores, even 1%of the population would be 1.2 crores of bitcoin users.Hope this data would help you guys to get a better picture about India.