Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will be junk/trash after ban in 2 big countries
by
Vishnu.Reang
on 11/06/2019, 16:43:45 UTC
Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??  Grin  Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Being an Indian, I would say that an impact of any future ban on cryptocurrency in India will be negligible. Although India has a large number of Bitcoin users, the amount of coins held by them is not more than 5% of the total supply (a very optimistic estimate). Most of the Indian users are freelancers, who collect coins for their beer money. And regarding China, I don't think that the government there is retarded enough to ban crypto.