Quote from: cryptowaltz on July 16, 2018, 05:10:18 PM

Quote from: mjglqw on July 16, 2018, 04:37:03 PM

Quote from: cryptowaltz on July 16, 2018, 04:30:05 PM

With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?

Though it might not push up the price, the reverse ban definitely helps a lot in terms of adoption , so it's definitely a win whether or not the price gets affected by this or not.

Isnt adoption directly related to network growth ? And network growth directly related to increased intrinsic value of the underlying asset, which in turn would push the price to the moon : )

Even so, increase in intrinsic value doesn't necessarily mean that there will also be an increase in market value. Even if bitcoin is legalized and accepted in every single country in the world, if there's not much demand then the price wouldn't move much. Demand will always be the key factor for price increases.