Quote from: vv181 on April 10, 2018, 03:54:29 PM

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.

I do not think the crash is heavily affected by the RBI cryptocurrency banning. That is too much India is not a USA or China where are the cryptocurrencies user is widely spread. I'm sure we can easily achieve another tremendous drop if only such countries that I mentioned starting banning cryptocurrencies.

The ban did have impact on the prices of bitcoins and other coins on Indian exchanges as the prices dropped to more than 30-405 in just few hours of the announcement. Prices remained unaffected on international exchanges and thus there was no other reason for the price fall.