INDIAN FUD is FAKE - There was no reason to panic

[wolf one]

There are so many rumors that I need someone like you to destroy rumors. I was surprised and skeptical about the ban on bitcoin in India, but many people have believed such rumors.

[prehisto]

Ok, now this is becoming clear. It is not a question about is it fake or not but question of interpretation.
 https://cointelegraph.com/news/india-bitcoin-prices-drop-as-media-misinterprets-govts-regulation-speech

Media is fast to grab any peace of information regarding bans of crypto because it gets so much traffic. Unfortunately it could have a quite a impact on market , especially when the makes is so fragile.

[askmecrypto]

Ok, now this is becoming clear. It is not a question about is it fake or not but question of interpretation.
 https://cointelegraph.com/news/india-bitcoin-prices-drop-as-media-misinterprets-govts-regulation-speech

Media is fast to grab any peace of information regarding bans of crypto because it gets so much traffic. Unfortunately it could have a quite a impact on market , especially when the makes is so fragile.

this is happening every single time. remember the chinese FUD? Later venezuella.

Investors need to become mature and come over these fake scammy news. Instead of trusting the Media they must do their research before panic selling.

[keykey1]

There are so many rumors that I need someone like you to destroy rumors. I was surprised and skeptical about the ban on bitcoin in India, but many people have believed such rumors.

Indian authorities and mass media had to provide more clear information about these things. They could foresee that the panic could start and who knows how many guys got a great depression? Anyhow, good that it was not a ban.

[Flor1982]

This India government ban of cryptocurrency has been all over the internet just to cause panic in the crypto world. This FUD has lured weak hands to sell at loss. The FUD has no grand and it was just meant to buy tokens very cheap from weak hands.

In my own understanding India just wont recognize the digital currencies but they did not ban it meaning it will be an opportunity of people in India to join Bitcoin and enjoy the benefits of earning without tax therefore they should not wasting time specially now that altcoins and Bitcoin are cheaper to purchase for an investments.

[BTCwin1]

Indeed, India's FUD is fake, but the market has not stopped falling.
Investors across the market are starting to panic, and I think the bear market in cryptocurrency markets has come.

[Shtamm_oval]

Well, rightly he said that as long as we forbid simply calculates them, and then they will already forbid withdrawal of money with a crypto-currency and tax will be charged. So all in due course, not immediately so hack from the shoulder.

[mautenisis]

Today, Indian Finance Minister has issued a statement:

The government does not consider cryptocurrencies legal tender or coin, and will take all measures to curb the use of these crypto-assets in financing illegitimate activities or any part of payment systems.

There is no statement about banning cryptocurrency in INDIA at all.
Read over that again...

'financing illegitimate activities' - This may include drugs/prostitution/terrorism/etc


On the contrary, the statement was continued as

the government will instead encourage blockchain technology in traditional payment systems

Thus, illustrating that the Indian government does indeed see the value behind cryptocurrency, if not as legal tender.

So, a shout out to all new comers specially from south asia, stop panicking and get matured over FUD.



PS: Leave a merit if my post helped you in any way. 

This FUD has started the previous bloodsheds,people and most of the big investors panicked too,thats why most of the investment in bitcoin's market came out in just a day,people are scared of losing a lot of money thats why their weak hands triggered them to sell in panic whoch worsen the whole situation of the market,lets hope the market will recover few weeks from now.

[sjbi]

No need to panic at all. It is only about news sensitization that is affecting the crypto market. What India is trying to do is prevent cryprocurrency trading from engaging in illegal activities and money laundering, but it is not trying to ban it at all. Regulation will make the crypto market even stronger. 

[ColdZerk]

Remember the situations with China, when they banned ICO 
BTC price also dropped down.
All these news are not significant, whales use it for market`s manipulation.

[Guryon_master]

With this I wonder the reason behind if it is absolutely truth.
What if the news is intentionally made just to create panic by those who have great to invest to take advantage the response of the weak hand. Is it possible? I think yes.

[carlowell]

This India government ban of cryptocurrency has been all over the internet just to cause panic in the crypto world. This FUD has lured weak hands to sell at loss. The FUD has no grand and it was just meant to buy tokens very cheap from weak hands.

Authorities in India never mentioned that they're going to ban every blockchain related things in their country but they just announced that they're going to close watch the flow of cryptocurrencies that which nobody will ever use it for illegal purposes or any terror funding. That's how supposedly countries should be addressed to their citizens because it was notably reported before that ISIS and other terrorist groups are being funded by Bitcoin.

[sycaburatan]

Today, Indian Finance Minister has issued a statement:

The government does not consider cryptocurrencies legal tender or coin, and will take all measures to curb the use of these crypto-assets in financing illegitimate activities or any part of payment systems.

There is no statement about banning cryptocurrency in INDIA at all.
Read over that again...

'financing illegitimate activities' - This may include drugs/prostitution/terrorism/etc


On the contrary, the statement was continued as

the government will instead encourage blockchain technology in traditional payment systems

Thus, illustrating that the Indian government does indeed see the value behind cryptocurrency, if not as legal tender.

So, a shout out to all new comers specially from south asia, stop panicking and get matured over FUD.



PS: Leave a merit if my post helped you in any way. 

There is no doubt most of these FUDs came from the big players and i am not talking about some group of whales but the financial institutions like CME and Wallstreet which are allegedly trying to put their money slowly in our market by making some panic and buying more cheap coins from the panic sellers.

[eye-con]

Remember the situations with China, when they banned ICO 
BTC price also dropped down.
All these news are not significant, whales use it for market`s manipulation.

true, they are just trying to manipulate the price of bitcoin, chinese government did it once, so why would people dont figure it out that those FUD are just for manipulation of bitcoin’s price.

[sedahan13]

So many party was make FUD to manipulate the price of Bitcoin and other cryptocurrency, they only want get cheap price of crypto. I hope in the future cryptocurrency community will be bigger so the volume increasing and the price will be more stabil.

[saicoolguy]

the media is total bullshit,they dont know what they are talking.
india never banned bitcoin or any other crypto,arun jaitley just told it is still not considered as a legal tender.because blockchain technology is new and there is complete reason for him to say so.
media people misunderstood and released news as india is banning bitcoin which inturn caused FUD and panic sells..lrts hodl the bitcoin.it make no sense to sell it now.

[zanezane]

Remember the situations with China, when they banned ICO 
BTC price also dropped down.
All these news are not significant, whales use it for market`s manipulation.

true, they are just trying to manipulate the price of bitcoin, chinese government did it once, so why would people dont figure it out that those FUD are just for manipulation of bitcoin’s price.

They're definitely noobs in the market that's why they can't filter what's fud or not and they easily swayed by all of these and in return they panic sell worrying about their investment especially when they bought in peak price.
And it seems fuds are beginning to calm down and we should expect a big bounce in the market, sooner not later.

[askmecrypto]

Remember the situations with China, when they banned ICO 
BTC price also dropped down.
All these news are not significant, whales use it for market`s manipulation.

true, they are just trying to manipulate the price of bitcoin, chinese government did it once, so why would people dont figure it out that those FUD are just for manipulation of bitcoin’s price.

They're definitely noobs in the market that's why they can't filter what's fud or not and they easily swayed by all of these and in return they panic sell worrying about their investment especially when they bought in peak price.
And it seems fuds are beginning to calm down and we should expect a big bounce in the market, sooner not later.

Such are the times when money moves from weak hands to strong hands and make them even stronger.
The immaturity of investors is their fall, they are new, they rely on paid media, they invest more then there limits and panic sell, they fall in losses..
The market is getting matured slowly and the investors too, its not far that such news and media will have 0 impact over market.

[europesss]

India is not the main market of cryptoes. So I don't think the market will be affected too much by the FUD.
I will show you some merits ,it's very hard to change the rank now.

[yselacreyo3]

Unfortunately many just see the news above and let themselves be carried away by any distorted news, and can not to the source or worry about. Investigate, and taking into account the volatility of the market happens what happened, what we should do is to claim these media misinformation and take the networks to denounce them today we have much more voice than before, when we desentralize the economy we will have more, we fight every day by let this work