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.
I agree on it. India cannot affect bitcoin value. Many investors are from other countries like Japan, South Korea, US Canada and many more that they contribute the growth of bitcoin because they using digital currency. The issue about China is not new to us. It may affect but not that much. Many investors still really want to invest bitcoin as well.
Bitcoin is now use almost in all countries that has internet, Perhaps, we can call it a global currency, since it is use almost worldwide. The issue about the dependency of bitcoin in particular countries like China and India is seems to be just a speculation because of the volume of users in those countries, But there is no certain explanation about that. It is better to trust the technology behind bitcoin rather than believing on baseless speculation and theories.