This is the question many will ask. I heard a news today that India has banned Bitcoins. What if other countries start to follow India's policy? Will that not affect the value Bitcoin has gained? Will it start to decline?
I have not invested in Bitcoins yet I was a fool not to. But reading stories like this ban really makes me think once again What if? Few more large countries like India start banning crypto currencies.
What do you guys think in this issue? I am not really a person who knows about these things.
Governments are extremely scared of cryptocurrencies because there is absolutely NO controlling it. It is a force of nature at this point. I thin that this is a theme that we will see more and more of, but it ultimately will not affect much.
India as of late has been passing a few strict anti-money-laundering laws. In my opinion, they should recognize and embrace crypto, not shun it. For example, the approach that Japan is taking.
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My concern is the amount of cryptocurrencies that are coming up. Anyone can make currencies? If any one can make dollars there would be no economy left to spend it on.
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Yes, anyone can make digital currency that has a little knowledge just like anyone can cut a piece of paper and put some pictures on it. The value comes from the consensus of people.
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