Quote from: ralle14 on July 16, 2018, 06:53:20 PM

The reverse ban alone won't push Bitcoin to the moon. There's not enough volume on India to possibly push it to the moon. It could encourage more investors in the future and possibly help Bitcoin reach the moon.

https://coin.dance/volume/localbitcoins/INR

Quote from: olafflirik on July 16, 2018, 05:48:43 PM

Only the US can to increase the price of bitcoin

Any country could move the price of Bitcoin.

You've just said that India can't push the price now you say any country can push it up?
I doubt that more than 5 countries can really push the price up at the stage if we consider a push something more than a 10% increase.

Quote from: Lorna111 on July 17, 2018, 10:02:22 AM

Quote from: Kakmakr on July 17, 2018, 05:27:02 AM

The problem is the average person on the street in India is very poor and they constitute almost 80% of the population. So the amount of money they will have to spend on bitcoins, might be relatively low, compared with other Western countries.

Yes, the numbers are large, with India having 1,324 billion people in 2016, but if they only have $1 worth of fiat to buy bitcoins, then that would hardly have a impact on the price. Roll Eyes

This is good news or favorable development for Bitcoin from India, It can really contribute for possible market movement, if the investors in India consider the need of crypto currency digital transaction as one commodity for the market, yes, it will definitely have the same impact to other country to consider. good luck to Bitcoin investors and supporter.

What the hell is good news?
Tha 80% of the population in India can't afford to invest 1$ in BTC

Quote from: BrewMaster on July 18, 2018, 02:21:19 PM

but there are billions of them and majority of them are already online! it is actually funny how many of them have a computer and access to the internet even with all their poverty.
and cyrptocurrency is not banned in India, stop spreading nonsense when you don't have enough information.

Not really billions and nop, the majority are not able to browse the internet.
By 2018 it is projected that half of the population is going to have access. (this includes access from schools and universities)