you are wrong in your assumption.

simply because this is not the first time Indians are facing a problem like this so they  are familiar with what they need to know and how to handle this situation. it is just you that looking at them from outside thinking it is strange!
additionally they have been warned by the Zebpay through their website, news, twitter and they received Emails from them warning them about it a long time ago and those who wanted to withdraw fiat have already done it and those who didn't want to, have kept it there to continue to trade.
and finally they can always withdraw cryptocurrencies that part is not closed.

based on your post history you are basically doing the same thing as the FUDsters but in the opposite direction and it is just as pointless as them repeating "bitcoin is dead" if you ask me! the effects will only be on some brainless newbies but they don't have any effect on the market. the price in the market moves on its own accord.

but yeah, bitcoin is on the rise. it is not a bull run by any means and it will take some time for it to turn into a bull run, initially the first resistance at $7k needs to be broken and some fears need to exit.

the problem and confusion comes from two things.
first is the fact that some people expect the price to always rise without ever coming down. but in any market prices go up AND down. at least for bitcoin the down part is smaller than the up part so the final result is always an overall rise. and we need these types of corrections to keep the market healthy. it sometimes gets out of hand and goes down a lot more than it should  like now and bitcoin becomes underpriced just like when it goes up a lot in a bubble and becomes overpriced.
second is the fact that there has been a lot of shitcoins that have been attacking bitcoin because they wanted a piece of this market so they created this illusion that they are taking the market from bitcoin whereas in reality they were just getting pumped and dumped.

the only usage that ethereum has is to use it for ICOs, that is by design and you can not change that. but at the same time this means if there are more ICOs then there is more hype and the price of ETH would rise but if the number of new ICOs starts to decrease and if finally with all the ICO bans around the world they stop to even exist then ETH price can fail and even fall down to zero because there is no more usage for it anymore.
add to that all the problems that this platform is experiencing like the $5-$6 fee that you currently have to pay for small transactions, then you see it doesn't have a good future.

if ETF and all that comes with it really goes through it can change this current trend and turn it into a big rise. and the market being ready for the rise at the moment will help that a lot so it can even be an easy transition but i still can not see a new ATH this year. we may see a big rise and above $10k again by the end of 2018 but to set a new ATH we still need a lot of fresh money to come in and that takes time. end of 2019 for a new ATH is a better guess in my opinion.

regulations will not solve that problem ever. it is not capable of doing it.
as long as the system is open source and free to use, there will be a lot of scammers who create shitty ICOs to scam others, and there will be lazy developers who want money who will create other type of shitty ICOs to scam people in a different way. in the end whether it is an obvious or non-obvious scam they are all doing the same.
the people (investors) themselves should be more careful and not invest in ANY ICO ever.

why did you bump this old topic then?
2 months ago nobody gave a shit what OP or the person OP is quoting said and nobody is giving a shit still. people are saying a lot of bullshit about bitcoin these days because they are desperate to get on board and buy bitcoin as cheap as possible before the take off starts.

that is only half the problem! and it concerns only a certain percentage of altcoins.
but the main problem which concerns all of them is the fact that the purpose for their creation has never been to solve anything real. for example we call them crypto "currencies" but none of them are "currencies". the developers never intended them to be currencies either. they wanted to make something that can generate a revenue for them so they focused all their energy on earning money. which is why the altcoins all suck!

in business world when your company or more specifically your product has failed, in order to get back in the competition and get back in the market and become relevant again you have to do things like this to fool the public opinion even for a short time.
in this case it was changing of the LOGO to change the looks of an otherwise broken and useless token to become relevant again. they have failed though, their token is still the same centralized useless thing that nobody will ever use for anything else than pump and dumps.

i specifically love rubbing it in the face of those who choose to be idiots instead of opening their minds in the long run. people are skeptical and that is ok but i will never understand those who just read a bullshit online and  believe that instead of the thing i am telling them.
i agree with your last statement more than anything else. when the market is like this and everyone has given up or are starting to give up and the FUD is at its highest, that is the best time to get in. as the experts say buy when everyone else is selling.

it is just because bitcoin stopped its downtrend and is now reversing upwards going back to normal as everyone is now accumulating more bitcoin to get ready for the upcoming bitcoin price rise.

where was i? lets see the same place that i always am! buying more bitcoin, earning more bitcoin, trading shitcoins in their pump and dumps and shitcoins that have dead cat bounce all to earn more profit on my bitcoins.
you may have stopped earning profit just because you were bag holding altcoins with big names but the profit from big pumps in other altcoins has not stopped.

people who really believe bitcoin is a fraud or a ponzi scheme will never talk about it, they just stay away and never touch it but those who believe bitcoin is a valuable thing which they want to have more of it will always try to scare others from staying away from it so that they can buy more of it and accumulate a larger share in this limited supply currency.
it is funny when  you look back and see that all of them are still around and for years they have been saying the same FUD like a broken record!

although OP has a very good point here but i generally disagree with any kind of restriction where you just limit yourself to certain coins in this altcoin market. in my opinion every coin has an equal potential of rising because they all are subjects of pumps and nothing else.

this means you have to look for not-yet-pumped altcoins instead of sticking to some names and holding on tight while missing on all the profit that is taking place all around you.

trading is risky of course, but trading bitcoin is riskier because the market is small and that sometimes makes it unpredictable, then trading altcoins is a thousand times riskier because their markets are not only small but they are all manipulated.
so for instance when you want to get involved with trading altcoins you are not only taking the risks of "trading" but also taking the risks of "pump and dumps".
in other words all the things you said here are good and correct but they are almost useless when trading altcoins. there is no TA, no analysis whatsoever in most of them and all of them are manipulated. so you have to un-learn everything you know and start learning how to deal with pump and dumps and how to make profit from them.

you got a couple of things wrong.
1. the bear market happens and will happen in the future also. it happens in every market out there not just bitcoin.
2. a long bear market as some people love to see is most probably not going to happen this time but i disagree with your reasoning. it doesn't have anything to do with the supply it is mostly the demand and since the market is now a lot bigger than before and also because the demand is increasing faster the bear market can be a lot shorter too.
3. there is no way of telling the number of lost bitcoins. it may be 0.1% or it may be 20% or higher. it is all a guess. and again the important thing is the demand. and speaking of demand and guesses, the analysts say less than 0.1% of the world population is involved with bitcoin. that means we still have a LONG way to go.

well if you think this is a game and people are just bag holding and betraying things (which doesn't even make any sense) then feel free to  leave. nobody is holding you down and forcing you to continue to buy bitcoin and hold bitcoin with a gun to your head. sell your small amount of bitcoin and get out. we would be glad to buy it from you and add it to our stash.

it depends on how it is going to be used.
last time someone came out and claimed to be Satoshi we found out that he planned on scamming people. i am talking about Craig who is the biggest scammer so far. they always do this, they use the publicity they gain to make money from.

there really isn't any kind of limit to how much you can profit from investing in altcoins. it can be from losing 100% of your investment and going down to 0 up to millions of dollars!

it depends on a bunch of things. starting with your experience in trading and in knowing how altcoin market works conversely the pump and dumps. if you have no experience and want to randomly buy based on what others tell you and what they hype up then you will end up losing a lot of money.
then it also depends on how much you are willing to invest and take risks. obviously you can't become a millionaire investing $1 but you will be taking a much bigger risk investing a higher amount.

there is a lot of different rumors around. they were even saying Facebook is buying Coinbase

you should never pay attention to rumors, they are just guesswork and usually are published as a click-bait when the news sites run out of things to say.


- banning the ads had nothing to do with bitcoin. the reason was because of thousands of scams that has been happening in these ads most of which were ETH ICOs.
- creating a new 'crypto' currency by facebook again has nothing to do with bitcoin and it won't prove anything about whether they are for or against bitcoin. they would be creating an altcoin for their own benefit like the 1700+ coins that exist out there.

this price is either the bottom or very close to the bottom which means it is the time to accumulate bitcoin and that means entry for whales and every other wise investor who wants to get ready for the upcoming rally.

i don't know what you call it "pre" entry since they are already in and buying more. it is not like whales wait for the rise to enter. they enter at the bottom and the rest (usually the weak hands who FOMO buy) enter after the rise starts.