Quote from: utpalk on July 04, 2018, 04:13:44 PM

The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?

This will only have an effect on the crypto market in the short term. India is on the wrong side of history on this one. The adoption of crypto will continue and they will fall very far behind in this space. This will be a huge industry (hint: it already is and will continue to grow) and India restricting trading like this is just plain dumb. They will soon learn that they are wrong here and will likely reverse their policies.

Quote from: genuin on July 05, 2018, 04:06:57 AM

India is just a fraction of the market of all the outstanding bitcoin.
The impact of what India does will not make much difference to bitcoin.
You should be afraid if this sort of thing happens in china

This has a larger potential effect on the market besides India's trading activity. This restriction also affects speculation, which is the driving factor in Bitcoins price. This is negative news which will cause speculators to react...