Hi steemians!!!!
As we all know lately the price of Bitcoin is falling day by day and Bitcoin has falled to all time low from 2017 July which is 4000 $ . The current price of Bitcoin is around 6200$ and the price is improving a bit. So the question is whether the Bitcoin is going to recover or not . From current status we might think that the Bitcoin is improving but on 5th of July 2018 there might a situation that Indian government decides to ban Bitcoin and we might see a huge downfall in the price of Bitcoin . So will Bitcoin be dead?
.
India is a developing country and it lacks behind other developed countries . If the India government decides to ban Bitcoin it will indeed lead to progression of the country and any government doesn't want there system to fail . So there is a very small chance that Indian government completely bans bitcoins.
My thoughts on this are that most of Bitcoin holders are outside India and the price of Bitcoin may be affected does to ban in India but the effect will last only for fews days . The Bitcoin will slowly but surely arise again and we hope it touches it's all time high till end of 2018 .
