Truthful information comes from india

[maiduytrinh]

Fictitious market information comes from India

  Asked by Finance Minister Arun Jaitley, read:

"The government does not recognize cryptocurrency as a legitimate tender or penny and will take all measures to eliminate the use of this cryptographic asset to finance illegal activities or as part of the payment system. "

However, this was blown up: "Arun Jaitley has just killed the cryptocurrency party of India," by a Quartz article on the subject.

Although he just wanted to address the issue of eliminating the use of the act
  unreasonable cryptocurrency

[Divyanshu2710]

yes Arun Jaitley has not banned the cryptocurrrency actually but has declared that it wont be used as any means of payment but it has drastically affected bitcoin in India.
The price in India went down to $9000 per piece. It was a major fall in bitcoin.

[Rabblerah112]

Fictitious market information comes from India

  Asked by Finance Minister Arun Jaitley, read:

"The government does not recognize cryptocurrency as a legitimate tender or penny and will take all measures to eliminate the use of this cryptographic asset to finance illegal activities or as part of the payment system. "

However, this was blown up: "Arun Jaitley has just killed the cryptocurrency party of India," by a Quartz article on the subject.

Although he just wanted to address the issue of eliminating the use of the act
  unreasonable cryptocurrency

Yes, this and the Tether situation is why were seeing so much FUD.  Just more irrationality.  Market will recover soon.

[GeviraBrooks]

Does not sound so truthful, I would say it sounds like standard new , nothing more nothing less.

[Hellobx]

Although he didn't really want to ban the bitcoin, but want to crack down on illegal crime, but almost all the shit media propaganda India to ban bitcoin, so this leads to the market began to panic.

[Hazir]

Once more we are drowned in the market crash, which was caused by one wrongly interpreted sentence. This is the power of psychology and mob mentality in practice.
The number of newbies who invested money in BTC since the last December is really high, the problem is that they are not accustomed to bitcoin extreme volatility.
They think that the price will stay on the level and never go down again - this is the reason we have soo huge allergic reaction of the people.

[ladydark]

Fictitious market information comes from India

  Asked by Finance Minister Arun Jaitley, read:

"The government does not recognize cryptocurrency as a legitimate tender or penny and will take all measures to eliminate the use of this cryptographic asset to finance illegal activities or as part of the payment system. "

However, this was blown up: "Arun Jaitley has just killed the cryptocurrency party of India," by a Quartz article on the subject.

Although he just wanted to address the issue of eliminating the use of the act
  unreasonable cryptocurrency

Yes his statement was totally misunderstood and FUD spreaders enjoyed yet another successful raid with this issue damaging the bitcoin price much.It clearly shows that media could twist a news creating a panic situation in the market.

Already bitcoin price suffered and this Indian issue just added fuel to the fire contributing to the fall of bitcoin price.Indian government actually had no idea of banning bitcoin.It was just discussing about what could be done in cryptocurrencies as it clearly know that bitcoin could not be banned.It might soon regulate bitcoin to earn additional tax on it.

[wiser]

People need to get used to volatility, because it's not going away. But I know how it is when it's your first time. If you haven't experienced the Bitcoin market going up and down a few times, and especially if you bought closer to the high, it can be frightening to watch it go down and down and down... and wonder if it will ever recover. It will. About an hour after you sell out!

[YzzyGo]

Fictitious market information comes from India

  Asked by Finance Minister Arun Jaitley, read:

"The government does not recognize cryptocurrency as a legitimate tender or penny and will take all measures to eliminate the use of this cryptographic asset to finance illegal activities or as part of the payment system. "

However, this was blown up: "Arun Jaitley has just killed the cryptocurrency party of India," by a Quartz article on the subject.

Although he just wanted to address the issue of eliminating the use of the act
  unreasonable cryptocurrency

True. They just concentrate on the words crypto this and crypto that and totally lose the main reason for this statement. Cryptocurrency is not recognized by their gov't as tender BUT they recognize it as an asset which can be used for trading. Or illegal activities at that. So if by the article they assumed that Arun "killed the cryptocurrency party of India", they already assumed that said party only uses it for illegal activities.

[zulu99]

I am so tired of all this fud. Well meaning officials from different countries should just stop talking. Coz bad actors like banks and investment groups have an interest in taking down crypto so they blow everything up to crisis when some news comes out. The newspapers are not helping either.

[monkeydominicorobin]

Fictitious market information comes from India

  Asked by Finance Minister Arun Jaitley, read:

"The government does not recognize cryptocurrency as a legitimate tender or penny and will take all measures to eliminate the use of this cryptographic asset to finance illegal activities or as part of the payment system. "

However, this was blown up: "Arun Jaitley has just killed the cryptocurrency party of India," by a Quartz article on the subject.

Although he just wanted to address the issue of eliminating the use of the act
  unreasonable cryptocurrency

Governments who are not supporting Bitcoin will just exploit to drive its market price down so that they can buy it a much lower price per unit. And the ignorant market players will just fall for their stupid traps every single time. Falling for their FAKE NEWS.

[Rulelies]

It's not only India that has said it does not recognize cryptocurrency. Nigerian government has also said that. But come to think of it, the developed countries of this world have not come out to criticize cryptocurrency. Many ICOs in Europe keep popping up. Therefore, I am not bothered about what India or Nigeria says. Those countries don't really have a say on global issues.

[wisdomcn]

Well I say that Satoshi Nakamoto have invented something that have exposed that the operation that government of nations have placed open it's citizens. I think Satoshi did not like what he or she passed through which might have lead the invention of blockchain. 

[sann111]

Arun Jaitley wants guys in India to go rape little babies instead of invest in bitcoin.

[Coins and Hardwork]

I am so tired of all this fud. Well meaning officials from different countries should just stop talking. Coz bad actors like banks and investment groups have an interest in taking down crypto so they blow everything up to crisis when some news comes out. The newspapers are not helping either.

Well media and the government are really a bad combination, even Media itself is something we must really be careful about. I thought even if people read this they will not be affected since there are a lot of people who are saying "HODL" since the price pumps at $19K but I think they are just talks.