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[CrazySher]

After braking a all time record of $61,000 now it falls down to $55,000 after India considers it's ban. So l, we have to remember that how volatile bitcoin is.

 

[Niftyicon]

I doubt that the proposed ban on Cryptos in India has much to do with the decline in btc price. However, it will still rise again just like it has always done,

 

[sh199]

I saw that news in some crypto newspapers. India govt. are always planning to ban crypto. But as far I know they don't ban crypto properly, they just planning to do it. As far I believe they don't gonna ban it. And we saw it before how rumors can affects BTC price.

 

[anil02]

After braking a all time record of $61,000 now it falls down to $55,000 after India considers it's ban. So l, we have to remember that how volatile bitcoin is.

It is not happen first time. I think fall down is not because of announcement of Indian government, it is because of demands of it. It may be possible that many holder of crypto are selling to get profit

 

[Josemendez]

I don't think that the ban on cryptocurrency in India was the reason why the price of bitcoin dropped tremendously. I think there are more to this volatility

 

[Wisdom01]

It would rise again because its on a bullish run , i think the ban wasn't actually the major cause of the fall in bitcoin price there were lot of things that actually caused it

 

[Josemendez]

It would rise again because its on a bullish run , i think the ban wasn't actually the major cause of the fall in bitcoin price there were lot of things that actually caused it

India as a country may have large population, but when it comes to cryptocurrency , they are not well known . Infact their effect in cryptocurrency is negligible

 

[Wisdom01]

From my own observation I don't think the price of Bitcoin has gone up to 40000 except the above 50000 is in ruppee. Countries full of corruption will never allow Bitcoin to exist.

You can make more research if you are willing to and you would see That bitcoin price have increased heavily and have gone very far pass the $40k i think, what currency are you linking it with

 

[yolaqueen]

You have to do a good analysis to know if the BTC fall was really due to that ban in India. Those price changes in crypto are normal and the recovery of the price of bitcoin will happen.

 

[HMMY1]

You have to do a good analysis to know if the BTC fall was really due to that ban in India. Those price changes in crypto are normal and the recovery of the price of bitcoin will happen.

If you start any business, it is necessary to take risk in it, without it you can never succeed.

 

[microunit]

You have to do a good analysis to know if the BTC fall was really due to that ban in India. Those price changes in crypto are normal and the recovery of the price of bitcoin will happen.

Some people just connects it to that because the timing at which the price fell down is inline with the ban, same with other things that happens although not all of them are 100% true, as the fall could just be the work of a whale selling a large asset

 

[yolaqueen]

Some people just connects it to that because the timing at which the price fell down is inline with the ban, same with other things that happens although not all of them are 100% true, as the fall could just be the work of a whale selling a large asset

Most of the decisions that governments make try to relate them to BTC since the cryptocurrency is the daily news worldwide.

 

[Brain]

After braking a all time record of $61,000 now it falls down to $55,000 after India considers it's ban. So l, we have to remember that how volatile bitcoin is.

It will still rise again as usual even without a ban. We need to always remember how volatile it gets all the time so no pressure here

 

[Yewande]

After braking a all time record of $61,000 now it falls down to $55,000 after India considers it's ban. So l, we have to remember that how volatile bitcoin is.

That is so true. Sometimes we forget how volatile this coins are. Probably because of the growth over the past 5 months, many persons must have overlooked the volatility of bitcoin.

 

[yolaqueen]

It will still rise again as usual even without a ban. We need to always remember how volatile it gets all the time so no pressure here

Cryptocurrencies by their nature have been volatile, but the bans they have made in certain countries will not stop bitcoin from rising in price.

 

[anil02]

After braking a all time record of $61,000 now it falls down to $55,000 after India considers it's ban. So l, we have to remember that how volatile bitcoin is.

It is assured that India is banning it? If it is right, than India is big country and many are doing its trading so fall down in price is possible. It may be a humor

 

[Josemendez]

Cryptocurrencies by their nature have been volatile, but the bans they have made in certain countries will not stop bitcoin from rising in price.

Well , if more countries bans Bitcoin ,then there will be a heavy change in the price of bitcoin because there will be a reduction in the trading volume.

 

[anil02]

Well , if more countries bans Bitcoin ,then there will be a heavy change in the price of bitcoin because there will be a reduction in the trading volume.

I think at present trading in crypto is not allowed in most of countries, most of peoples are doing illegal trading of it, so I think it will not affect its price if some countries will ban it

 

[Josemendez]

I think at present trading in crypto is not allowed in most of countries, most of peoples are doing illegal trading of it, so I think it will not affect its price if some countries will ban it

The ban if Implimented and enforce means that even websites will be given directives to block any ip from the countries where it is banned

 

[anil02]

The ban if Implimented and enforce means that even websites will be given directives to block any ip from the countries where it is banned

Who will give directives? I think dealing is crypto is not allowed in India but many peoples are doing it, even some broker also providing service to peoples.