Bitcoin Forum
October 23, 2018, 10:59:55 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: India Crash Crypto Market  (Read 37 times)
Doozle
Newbie
*
Offline Offline

Activity: 17
Merit: 2


View Profile
February 02, 2018, 01:55:36 AM
 #1

There is so much FUD going on around the world regarding cryptocurrencies. South Korea, Tether subpoenas and so much more.

However, It is India's turn to continue the FUD.

The news story on what happened is on https://revoltmedia.org/india-finance-minister-causes-crypto-prices-to-drop/

The Indian Finance Minister talked about his viewpoints on cryptocurrency.

He basically said he wants to crack down on "illegitimate activities" this might mean more government regulation.

It is becoming a recent trend for governments to increase regulations on cryptocurrency.
1540292395
Hero Member
*
Offline Offline

Posts: 1540292395

View Profile Personal Message (Offline)

Ignore
1540292395
Reply with quote  #2

1540292395
Report to moderator
1540292395
Hero Member
*
Offline Offline

Posts: 1540292395

View Profile Personal Message (Offline)

Ignore
1540292395
Reply with quote  #2

1540292395
Report to moderator
1540292395
Hero Member
*
Offline Offline

Posts: 1540292395

View Profile Personal Message (Offline)

Ignore
1540292395
Reply with quote  #2

1540292395
Report to moderator
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540292395
Hero Member
*
Offline Offline

Posts: 1540292395

View Profile Personal Message (Offline)

Ignore
1540292395
Reply with quote  #2

1540292395
Report to moderator
1540292395
Hero Member
*
Offline Offline

Posts: 1540292395

View Profile Personal Message (Offline)

Ignore
1540292395
Reply with quote  #2

1540292395
Report to moderator
electricblueeyes
Jr. Member
*
Offline Offline

Activity: 33
Merit: 1


View Profile
February 02, 2018, 02:21:52 AM
 #2

There is so much negative press atm its not surprising crypto is diving. Tether, The Nem heist, India, China etc etc. What crypto needs right now is some good press.
Sithara007
Legendary
*
Offline Offline

Activity: 1232
Merit: 1013


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
February 02, 2018, 05:59:03 AM
 #3

Being an Indian resident, I am not surprised. The finance minister (Arun Jaitley) has proven himself to be a retard over the past few years. He claims to be having educational degrees from well known institutions, but I really doubt that as his IQ is around 60. Yesterday he presented a budget in which he showered freebies on the slum dwellers and farmers, while increased the taxes for the salaried class.

FinalFury
Newbie
*
Offline Offline

Activity: 59
Merit: 0


View Profile
February 02, 2018, 06:10:27 AM
 #4

Maybe that could help push the price lower, but obviously it's not the resent for what's been going on in the last few days. Unless it's coordinated process.
Roachgo04
Newbie
*
Offline Offline

Activity: 68
Merit: 0


View Profile
February 05, 2018, 12:31:48 PM
 #5

There is so much FUD going on around the world regarding cryptocurrencies. South Korea, Tether subpoenas and so much more.

However, It is India's turn to continue the FUD.

The news story on what happened is on https://revoltmedia.org/india-finance-minister-causes-crypto-prices-to-drop/

The Indian Finance Minister talked about his viewpoints on cryptocurrency.

He basically said he wants to crack down on "illegitimate activities" this might mean more government regulation.

It is becoming a recent trend for governments to increase regulations on cryptocurrency.


This are the factors we have to consider in investing in cryptocurrencies. This is the reality, that the government will try all there power to have control to the crypts. We just need to deal with that make certain adjustment and wait for the things to normalized again. It a process of evolving that until it reach to a normal state.
Yamidee
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile
February 05, 2018, 01:30:31 PM
 #6

Indeed the current fuss with all the FUD is making market going crazy and is influencing heavily the general public opinion and I believe there is more yet to come. What is the agenda behind can be just a pure speculation but somebody is having a great interest in spreading this kind of news, since this is not anymore a single case FUD but it looks more like a well-organized process.
campbell.box
Newbie
*
Offline Offline

Activity: 110
Merit: 0


View Profile
February 05, 2018, 02:03:11 PM
 #7

The market is collapsing recently, not only in India but also in Korea and China!

Hope to recover soon!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!