Quote from: Getcoinsite on April 10, 2018, 01:51:00 AM

Quote from: fiulpro on April 08, 2018, 08:50:41 AM

The recent crash in bitcoins has been due to the ban on Bitcoins by the RBI that is the authority controlling all the banks that run in India.

One should know that they have stopped us from converting cryptos into fiat.

Zebpay and other bitcoins wallets are fighting this decision already.

Due to the personal threat thatRBI seemed to face through bitcoins they made a decision that is right now affecting all the people who are involved in bitcoins already and trust me the number is not something that could easily be neglected.

With so much money invested by the individuals in this sector one needs to know that instead of encashing out holding and signing a petition for this cause will do more good.

Just running could prove detrimental for bitcoins .
One should remember the fact that it's Not China ! They are not living in a dictator's rule and for the sake of bitcoins they need to stand up against this decision.

Youve got a good point there mate India is not a communist country like china,so the government policy can be dictated by majority of its people,i guess this situation will end up in favor of the investors since theres a huge money's involving here..im wondering why all of a sudden india make this strong moves against cryptocurrency while in the past years its doing great with,them

Large investors always have the opportunity to exchange their bitcoins for Fiat abroad. I'll tell you more, they largely support the government's actions to ban cryptocurrencies. It's not a problem for them. But the rest of the population of the country will not be able to earn elsewhere and will be forced to work at their enterprises for low wages.