What should we do ?

[fiulpro]

So we all know how Indian government is banning cryptocurrencies soon.

https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.html

Now nasscom is adding fuel to the war along with the Reserve bank of India suggesting that they didn't have anything to do with it makes worth a point
*They themselves think this is overboard and doesn't want to actually associate with it*

Earlier this week it was criticised by people all around the world also at the same time the committee was submitting the records rejecting any good involvement.

Nasscom is actually the Indian IT sector more like a non profit organization.

Earlier today there were websites suggesting how you should sell your coins so that you don't get jailed for long-term.

So , should you sell or hold onto bitcoins .?

All I know is if we all held onto our bitcoins , they won't be able to send each and every one of us to jail .. the supporters are actually a lot more than you could imagine.

I am holding onto my coins , what are you gonna do ?

[BitcoinGirl.Club]

I am holding onto my coins , what are you gonna do ?

I really do not know what is the reality there but honestly speaking if you hold your Bitcoin and stay anonymous then how in the earth anyone one will know?

So, if you believe in Bitcoin then hold. This stupid governments never want their citizens to be self controlled. They always want a cut and with their fiat shit they can have it easily. Fuck their fiat.

#HODLINDIA

May be you guys can use this hashtag to build an awareness. Just saying 🤪

[BrewMaster]

So we all know how Indian government is banning cryptocurrencies soon.

well i remember it was 2017 when people first started saying India is banning cryptocurrencies!
i also remember seeing articles as old as 2011 where they were saying China is banning bitcoin soon.
so far it is 2019 and none of them have ever banned bitcoin so i wouldn't jump into any conclusions.

should you sell or hold onto bitcoins .?

for most people this means selling because most people don't want to do something that their government consideres illegal even if it were wrong. many of Indians are holding though because they are aware of the corruption in their country and have chosen bitcoin as their exit plan not just a way to make money.
in the end the decision falls unto you alone.

[mk4]

Holding vs selling should be completely up to you. Just take note that when a ban actually does get implemented, you're going to have a hard time trying to sell your coins. You need to do it secretly with a person you trust that wouldn't snitch you out.

With that said, if you chose to hold your coins, store the funds on a non-custodial wallet. and if you can afford it, I'd definitely pay for a VPN service for my crypto-related activity on the web. While they might not ban the bitcoin-related websites, I definitely would use VPN just to be sure. Even if the government doesn't have proof that you hold bitcoin, they can know that you're still affiliated with bitcoin by using your internet data through your ISP.

[42K]

Its all about choices in this life. You have to power to choose whatever you want to do with your tokens in cryptocurrency business. Holding is as important as selling here but the most important thing depends on you. Whether to keep holding or selling your tokens.therefore, you need to make the right choice and take wise decision because decisions have great influence on our investment.

[minersday]

The government of India banning the use of cryptocurrencies has no specific influence on the entire crypto space and ecosystem and moreover, people can easily use cryptocurrencies even if the government ban the use of it publicly. People were using cryptocurrency (Bitcoin) for a while before even governments and other officials became aware of what cryptocurrency was. 

[tippytoes]

Holding vs selling should be completely up to you. Just take note that when a ban actually does get implemented, you're going to have a hard time trying to sell your coins. You need to do it secretly with a person you trust that wouldn't snitch you out.

With that said, if you chose to hold your coins, store the funds on a non-custodial wallet. and if you can afford it, I'd definitely pay for a VPN service for my crypto-related activity on the web. While they might not ban the bitcoin-related websites, I definitely would use VPN just to be sure. Even if the government doesn't have proof that you hold bitcoin, they can know that you're still affiliated with bitcoin by using your internet data through your ISP.

Yes, make sure your transactions are secure. Better be safe than sorry. But I guess, sooner or later, they will realize that banning the usage of bitcoin is not a wise decision. All the other parts of the world are accepting it, so what is so special with them that they are banning it? They will be left behind by this great invention in crypto.

[rodel caling]

So we all know how Indian government is banning cryptocurrencies soon.

https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.html

There's  have a lot of news indian government hate bitcoin and banned, well if of indian bitcoin holders knows the importance of bitcoin they keep it and hold, because there was a time that the leaders in india will become replace and in that way possible bitcoin become legal.
If not wrong before one of the most popular country banned bitcoin but now that country reopen and adopt bitcoin currency now that country treated bitcoin as real money.

[kaya11]

So we all know how Indian government is banning cryptocurrencies soon.

https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.html

Now nasscom is adding fuel to the war along with the Reserve bank of India suggesting that they didn't have anything to do with it makes worth a point
*They themselves think this is overboard and doesn't want to actually associate with it*

Earlier this week it was criticised by people all around the world also at the same time the committee was submitting the records rejecting any good involvement.

Nasscom is actually the Indian IT sector more like a non profit organization.

Earlier today there were websites suggesting how you should sell your coins so that you don't get jailed for long-term.

So , should you sell or hold onto bitcoins .?

All I know is if we all held onto our bitcoins , they won't be able to send each and every one of us to jail .. the supporters are actually a lot more than you could imagine.

I am holding onto my coins , what are you gonna do ?

If I were those guys at India who have bitcoins and are afraid of being jailed, I would just keep it a secrete and hold their coins unless the ban is lifted  if ever that may happen. No one would know that they have Bitcoin, it is anonymous and they could just withdraw it outside the country if they wanted too, a country that is legalizing Bitcoin and trading for it.

[rdluffy]

It's real sad and this ban is ridiculous, but if I were you I would sell, but fighting with another people to government liberate BTC

My liberty is worth more than anything, more than BTC and money, I would not risk, take care my friend

[dothebeats]

I believe in bitcoin, and if I were an Indian citizen being oppressed by the government, I'd still hold and trade with it even if the repercussions are severe. There are no finalizations whatsoever in the bill and only 'proposed' ban with no legal framework backing it yet, so legally and technically, I won't be jailed for anything yet. After receiving backlash from the global community based on what they have done, now they are trying to disassociate themselves with the people who proactively suggested to ban cryptocurrencies just so the people would still trust them. This is a shame from the Indian government, and NASSCOM are trying to keep the slate clean just so they can gain some form of relevance from the issue.

[Pffrt]

In the long run, India will legalize cryptocurrency. If you are only thinking of selling because of the ban, don't do it. No one will know if you have BTC or not.
In my local, we are facing the same issue, cryptocurrency is banned here. As a result, it's very much risky to buy/sell bitcoin. Although I barely sell BTC, if I do, I do with my own networks and chance of getting noticed by the authority is low.

[Darker45]

I have no personal knowledge of the actual situation in your country. What I have are little surface knowledge based on what I've read in online crypto magazines. From what I've read and understood so far, this situation in your country is very temporary. I think that sooner or later the stance of India regarding cryptocurrency is going to change in favor of people like you. What you are going to have is basically a policy which is influenced by certain personalities in your government who happen to be against or at least ignorant about crypto. The good thing is that these personalities are always replaced or could be enlightened.

Jail time is always included in government policies if only to provide teeth to them. As to whether they are actually meted, especially on crypto owners, is most unlikely for me. And so, if I were you, I would continue to HODL my Bitcoins. 

[ityandsyn]

So we all know how Indian government is banning cryptocurrencies soon.

https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.html

Now nasscom is adding fuel to the war along with the Reserve bank of India suggesting that they didn't have anything to do with it makes worth a point
*They themselves think this is overboard and doesn't want to actually associate with it*

Earlier this week it was criticised by people all around the world also at the same time the committee was submitting the records rejecting any good involvement.

Nasscom is actually the Indian IT sector more like a non profit organization.

Earlier today there were websites suggesting how you should sell your coins so that you don't get jailed for long-term.

So , should you sell or hold onto bitcoins .?

All I know is if we all held onto our bitcoins , they won't be able to send each and every one of us to jail .. the supporters are actually a lot more than you could imagine.

I am holding onto my coins , what are you gonna do ?

      My advice is to hold your bitcoin and wait for the time it will be settled down like what happened in China which they totally banned crypto currency but what happens now is the government itself promoting crypto currency .

[BlackFor3st]

I am not sure how the Indian government will be able to trace that you or any individual are still holding coins. Many will stay away for sure and sell their coins or crypto currency especially if they like to avoid any problems in the future and worse being jailed.

But the question here, is whether the Indian government have jailed already some individuals because of this reason? If not, I guess they will have difficulties in tracing those individuals who are still holding coins.

[libert19]

How exactly is nasscom adding to the fuel? I'm actually grateful that established body like nasscom is against banning of cryptocurrency.

Also, 'India is going to ban cryptos soon' — don't be so confident in your statement.

it's a draft and until it has passed, stop sweating over it.

[LGame]

The government of India banning the use of cryptocurrencies has no specific influence on the entire crypto space and ecosystem and moreover, people can easily use cryptocurrencies even if the government ban the use of it publicly. People were using cryptocurrency (Bitcoin) for a while before even governments and other officials became aware of what cryptocurrency was. 

Exactly. I believe that "India" is a government meaning word while "Crypto currencies" is non-governmental word.

[MonsterV]

I am not sure how the Indian government will be able to trace that you or any individual are still holding coins. Many will stay away for sure and sell their coins or crypto currency especially if they like to avoid any problems in the future and worse being jailed.

But the question here, is whether the Indian government have jailed already some individuals because of this reason? If not, I guess they will have difficulties in tracing those individuals who are still holding coins.

Maybe if they do not withdraw funds they cannot be tracked by the Indian government, the government has all the information from where their funds are obtained. If their funds are obtained from an crypto service or exchange, it means that the Indian government will suspect anyone involved in it. One of the right ways for me is to ask a friend from another country to withdraw our funds and then transfer them to our bank account, I think it can't be traced. Or better hold bitcoin for a long time and wait for the Indian government to remove the ban.

[pieppiep]

I would advise you to hold your bitcoin in secret places with the hardware wallet and wait for a good time to sell your bitcoin. You could still use bitcoin using a VPN connection in the future. And you don't have to tells other people if you have bitcoin in your home. Keep that secretly for you and even don't tell your family if you don't want. Soon, the Indian government will change their statement about bitcoin, and they will allow bitcoin if they realize the benefits of bitcoin to their people.

[bitsurfer2014]

This is somewhat a ridiculous plan by the Indian Government which is synonymous to banning the use of pirated movies and music which of course is very

difficult task to do! Even the U.S. Government recognizes it as a very difficult task to implement and only promotes it adoption over time.