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Latest BITCOIN BANS!! Potential Price Impact?? ๐Ÿ˜จ



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– TIMESTAMPS –
0:00 Intro
2:07 India Ban
5:12 Nigeria Ban
9:03 Chinese language Expertise
11:58 Affect in India
14:19 Affect in Nigeria
16:53 Affect on Value
18:53 Closing Ideas

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โ–บ India Ban Defined:
โ–บ India Black Market:
โ–บ Nigeria Adoption:
โ–บ Messari Report:
โ–บ Legality of Crypto:
โ–บ Crypto Adoption in Africa:

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๐Ÿ‡ฎ๐Ÿ‡ณ The India Ban ๐Ÿ‡ฎ๐Ÿ‡ณ

The primary function of the invoice could be to ban anybody from holding their “non-public” cryptocurrencies. The primary objective of this invoice was to pave the best way for the creation of an official digital forex that’s issued by the Reserve Financial institution of India.

The Indian Authorities needs to outlaw its residents from holding their very own cryptocurrency in order that the RBI can concern their very own Central Financial institution Digital Foreign money.

This ban is just not taking place in a single day. The federal government has given cryptocurrency traders a “transition interval” of three to six months the place they’ll liquidate their present cryptocurrency holdings.

Maybe the most certainly route will likely be for them to utterly limit the change of fiat to crypto and vice versa. They might prohibit the cryptocurrency exchanges from providing their companies.

๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria Ban ๐Ÿ‡ณ๐Ÿ‡ฌ

Nigeria has confronted quite a lot of bitcoin adoption over the previous few years. This was the principle rationale behind the transfer by the Central Financial institution of Nigeria to ban banks from coping with cryptocurrency exchanges.

Not like the Indian ban, this one was extra instant. The Central Financial institution issued an easy directive that banks needed to shut any accounts of these people who have been interacting with cryptocurrency

Regardless of how abrupt the ban was, it seems to be much less extreme as that of the Indian ban.

๐Ÿ‡จ๐Ÿ‡ณ The Chiense Expertise ๐Ÿ‡จ๐Ÿ‡ณ

Regardless of this “ban”, China is likely one of the most crypto loopy nations on the market. It is also the epicenter of a few of the most well-known crypto exchanges, VC companies and Miners.

It’s also fairly shocking that that is taking place in China, which has a few of the strongest web safety protocols on the market.

China was in a position to proceed regardless of the ban because of customers transferring to OTC buying and selling.

I ought to level out that the ban was just like the one which was applied in Nigeria. Particularly, the PBoC prohibited banks from coping with exchanges and different companies that present a bridge between fiat and crypto.

Chinese language crypto dealing simply moved away from the centralised crypto exchanges to those Peer to Peer sellers. Chinese language residents can simply as simply purchase crypto by means of these native sellers or if they need.

๐Ÿ“ˆ Affect on Value ๐Ÿ“ˆ

There will likely be little or no impression on the worth of Bitcoin. On the subject of use within the nation, it is just likley to extend adoption.

Therefore, those that maintain Bitcoin in these nations are going to treasure it extra. They’re holding a uncommon worldwide asset that they’ll retailer on a chunk of paper – very onerous for the governments to grab.

The primary unfavourable worth impression that this has on the Bitcoin markets is the FUD that surrounds it. Proper after the RBI introduced the ban, the Mainstream media pumped out articles

Additional proof that you want to see that that is all FUD is the lengthy historical past of the Bitcoin worth with the China “bans”. You’ve a interval of worth volatility the place the market digests the FUD.

That preliminary Chinese language Ban got here in September of 2017 when Bitcoin was value about $4,000.

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who is just not a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any explicit final result.

#Bitcoin #Ban #crypto #India #Nigeria #china #regulation

Source: Coin Bureau

45 Responses

  1. Do we really believe that if the information is out there, people will suddenly become wealthier than before? It's not like the information is hidden for those who chase excellence. Majority will always remain the same.That's life and if there is a will, there is a way.

  2. I have been watching some videos and I was thinking about investing in bitcoin or forex, but still don't know where to start from, any recommendation?

  3. In a few months or no time people we definitely be kicking themselves regret for missing the opportunity to buy bitcoin or invest in any cryptocurrency they known such as BITCOIN LITECOIN ETHEREUM TETHER DOGECOIN CARDONA XRP BINANCE COINS

  4. Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.

  5. Forex and cryptocurrency is the order of the day in the modern world so rather than storing it, venture into investments that could bolster your financial status.
    But before going into it you would need the formal supervision of a very professional and trustworthy broker, I would advice you work with Mrs vivian lopez

  6. lets do an experiment ban crypto currency for a year and lets see if GPU market stabilizes
    probably gonna get stable in a month xD
    and electricity consumption gonna be lower
    sounds like crypto currency causes more problems then it solves but hey humans are best and exploiting and being dumb its in our nature

  7. This is a Nice video…. So inspiring but do anyone knows about expert Mrs Lisa. Mrs Lisa is legit and her method works like magic I keep on earning every single week with her new strategy

  8. The argument now is that due to the sudden pump and considering indicators such as the RSI, a sudden dump as much as 50% should be anticipated and this is prompting a lot of people to sell their assets now (BTC and ETH) with an intention to buy back at lower prices. BTC and ETH RSIโ€™s at both 89% shows over-bought so this theory is actually logical but like Kouroush AK said, RSI is not a good indicator when it comes to measuring โ€œparabolic uptrends.โ€ Instead, it works fairly well in determining movements in ranging markets. I have been focused on accumulating more btc instead by trading and with signals from Mrs Hana. I was able to trade with less than 1 btc, and increased my portfolio to over 4 btc in just a few weeks. Hanaโ€™s email (h a n a m i s a k i 1 2 6 @ g m a i l. c o m) and W hats App group (+1 920 374 3150) provides some of the best insights I have been exposed to in crypto trading.

  9. comprehensive, liked and subscribed. i think, the economic would likely using bitcoin still running within the peers after banned. the negotiation still continue bargain between peers.

  10. And that my friends is where "Hedera Hashgraph" comes in, :-)Hbars:-) the only company that is playing ball with all the regulators, while all other cryptos linger in the shadows constantly announcing "we are so decentralized we deserve to be the next world currency. the government just says "NO" the price dumps. people buy Hbars before they become too costly.

  11. I have been making over 300% profit from my bitcoin investment every week since my Colleague Introduced me to expert Mrs Tracy who now trades for me while I receive the profit

  12. India bans? Insignificant market only 0.005 to 0.001% of market. Even their gov't really outright ban, those who want to continue trade the market could simply bypass with VPN.

  13. Banning crypto currency on paper sounds feasable, however it is actually not possible to enforce such a ban. It's an empty threat that is not enforceable. Since it is not a tangible item it will put the country in question banking system in the dark ages, the legal infostructure wil only show lack of control and the backwards mentality of the attempt to do so.

  14. I love this video
    I'm a Nigerian citizen
    And I still trade Bitcoin
    The government can't stop me ๐Ÿ˜‚๐Ÿ˜‚

    They are wasting their time ๐Ÿคž๐Ÿ‘Œ๐Ÿ‘Œ

  15. I do see in the near future every country doing this. For example: USA, UK, China and Europe. I feel like they'll make it illegal or impose a high tax or something which makes BTC or any other cryptocurrencies unappealing. They will then all result in themselves making there own crypto using block chain technology.

    Oh well, that's just my prediction.

  16. I'm an Indian based in Berlin,
    It a shame that government has created anti-crypto environment in a country that's known for it's tremendous ability to fulfill IT and technology demands. Tech giants like Google, Microsoft and many are run by Indian CEOs, despite such a potential there are not enough Blockchain projects or exchanges in India. That's a shame. The new government is trying to play a pseudo dictatorship but our strong constitution (Rule Book) is protecting people's freedom. They have robbed the nation and trashed the economy. No wonder if India loses its significance in global trade contribution. Bitcoin can save India in some ways.

  17. Sweetheart thank you. I look to you for sound advice and I want to thank you for all your research and diligence that has allowed me a bit of my own personal success story and truely from the ashes. I know your not a professional but your doing the homework and showing us the real picture. Your the best

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