India "please" ban Bitcoin!
There are already a couple of news around twitter about India banning Bitcoin and my title sounds a bit harsh, isn't it.
If you live in India sorry to hear that you might not be able to own and trade Bitcoin, but maybe is all just FUD after all.
However I have something in my mind when asking for India to ban Bitcoin, a bit of history. It's about China banning Bitcoin and its effect on the price.
If you remember, in September 2017 China announced that they are banning Bitcoin sometimes in the middle of September, two years ago, and it crashed to $2950 "in seconds". I remember that because it was the moment when I was close to buy a whole one, my forts one.
The things with the bank transfer didn't went well and I lost that chance. Just a day after and BTC started its bull run towards the $20,000, like that ban didn't even matter at all. Now India might trigger the same thing.
That's why I consider that this ban might be positive for Bitcoin, price wise, but not for Indians as Bitcoin holders and traders. Sorry again. For the moment though the market hasn't reacted to the news. It's nothing official after all.
What do you think, will Bitcoin be banned in India any soon or not?
Thanks for attention,
Adrian
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One thing is clear. This thing has been dragging for so long that I don't even remark the topic. It's true we don't live in India or we might be watching these news like hawks.