What should we do ?

[hridoyb]

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 ?

Most of the country ban bitcoin and add money laundering case who uses it. Bitcoin price never follows any rule so it prices up anytime and down. So the government tries to ban bitcoin because most of the governer thought that bitcoin use for crime and gambling as result crime increase day by day and people can hide their black money. When china bans cryptocurrency exchanger this time bitcoin price down so huge..I think one-day bitcoin will more popular and payment method and legal all over the world.

[Thefrolly]

There is really nothimg illegal about hodling bitcoin or other cryptocurrencies, and seeing that the transactions are usually anonymous, I think that you should go ahead and hodl your bitcoin. The governent are aiming to ban crypto without considering those who already have huge investments and interest for it, and I think that's just absurd. People should be allowed to make whatever choices they want to make with their money.

[Wexnident]

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 ?

Hold on to it of course. Try as they may, they'll never find me, unless I give up my location. Besides, even if India banned it, what could that do? It's not like all traders live in India. And neither would those people who live there give up and say I OWN BITCOIN when that happened. Holding coins isn't really a bad thing, I don't know why they waste resources in trying to group up the people whom own coins and put them into jail. They should just probably put those resources into proper use and jail people who are really supposed to go to jail like drug users, traders, etc, etc. Besides, there's a lot of other countries out there, India isn't the whole world.

[shoreno]

The majority of using bitcoin was on illegal things. It highly affects its reputation. It results as banning from some other countries because they are trying to prevent their country to become a victim of scam.
But it doesnt mean that their point of view to bitcoin wont change, as the time passes by, they will know what truly use of bitcoin.
Holding bitcoin is the best decision on this kind of situations.

that was before when btc is not popular .the use of it are mainly on the deepweb for buying illegal service and stuffs but now that btc have grown alot . btc is popular for investment in which people dont sold thier btc but they only hodl it  . the reputation of btc is now clean  so i dont like the point that they ban btc because of its bad history  .  they only ban btc for other reason but we cant do if thats what our government wants  , lets only hope that what  your saying is true that they might change thier minds in the future  .

[blckhawk]

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 ?

From reading the article and with some knowledge of the blockchain, its cryptographic nature makes it quite impossible to track who transacts on the platform. The government bans it because it's not regulated to their terms. What they want is for people to stick to a centralized system for easier tracking of your activities. But just to be sure, you could use premium VPNs to conceal your online activities, on top of the encryption blockchain provides. Also do note to pick trusted VPNs only as other cheap/free VPN might sell your data since it passes through their servers.

[dessyhodin97]

As for this issue,i do not really know what advice would be good, because it's under a probability.if you dont sell and the government bans, you lose your money, if you sell and the govt doesnt ban,then you're at a loss.  Advice though, follow up the news closely and if you see they aren't giving on what they are saying,sell

[rafajunior99]

I never thought if in my country banned cryptocurrency and withheld everything, because if it happened in my country, maybe I would keep it until it was really allowed with the country, or sell it secretly with cryptocurrency exchanges that are widely seen in other countries. this is my opinion of what happened to the country you mentioned.

[Moiyah]

If you hold your coins it is your own decision and if I am in your shoes I better do the same way, hold it for you don’t have any choice nevertheless. If you’re from India, I think the banning of cryptocurrencies in your country is already implemented, correct me if I am mistaken. Selling and purchasing coins in your country is strictly prohibited and it is really distressing why they decide to expelled the cryptocurrencies, it’s like closing more opportunity and advancement to your realm. Better to learn to wait to be legalized because Supreme Court of India filed for a petition for banning issue. However, your government maybe also has valid reason why they decide to ban altcoins like avoiding scammers.

[asus09]

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.

But have big effect for every country banned bitcoin, maybe India have small person using and active with cryptocurrency. We can't mind how China banned bitcoin will all over because China is greatest country have support bitcoin from an ICO until mining project, they have thousand mining of bitcoin project but have to close.

[gunhell16]

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?

No one will know that he is holding the bitcoin as long as he hold it on his wallet. but is that enough? unless he will travel outside India for him to sell the token.

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.

if you have the guts to hold and you believe that BItCOIN will be legal and will welcome again to India then this is the best investment in your life you will ever have.

#HODLINDIA

#HODLWORLD #HAVEFREEDOM #NOTODEBTWORLDWIDE

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

If the law is already signed and having such hashtag will put him in danger and might be a center of attraction!

[Upgate]

I would be hopeful that the government of India would have a changed mind as to banning cryptocurrency over there the  country has been part of cryptocurrency and this would cause a mass arrest if it happens

[Fredomago]

I never thought if in my country banned cryptocurrency and withheld everything, because if it happened in my country, maybe I would keep it until it was really allowed with the country, or sell it secretly with cryptocurrency exchanges that are widely seen in other countries. this is my opinion of what happened to the country you mentioned.

Probably for those who's been suppressed in terms of using crypto, they will find ways to continue using the system. After enjoying the benefits, taking the risk is worthy for people who already experienced the potential growth from this market. There's still open services online where you can continue dealing with your trading or investing with cryptocurrency or you can also use vpn to hide your activity. It's tough to decide, but if you understand the possible opportunities and benefits, it will be worth taking the risk.

[jarhed]

I never thought if in my country banned cryptocurrency and withheld everything, because if it happened in my country, maybe I would keep it until it was really allowed with the country, or sell it secretly with cryptocurrency exchanges that are widely seen in other countries. this is my opinion of what happened to the country you mentioned.

Probably for those who's been suppressed in terms of using crypto, they will find ways to continue using the system. After enjoying the benefits, taking the risk is worthy for people who already experienced the potential growth from this market. There's still open services online where you can continue dealing with your trading or investing with cryptocurrency or you can also use vpn to hide your activity. It's tough to decide, but if you understand the possible opportunities and benefits, it will be worth taking the risk.

I think that if the ban on cryptocurrencies continues in many countries, then its use will decrease very much. We are not happy with the drop in cryptocurrency prices anyway! And many have left the market over the past 2 years.

[Sebas.tian]

Basically this will be determine by the holder, the holder choose what to do with his or her coins. Haven said that; many years ago, there where rumors that the same India wanted to ban bitcoin and some other countries, but till date they haven't ban bitcoin. Am not seeing this ban happening in any where because, even the government have feel in love with digital currency, some countries have agreed to create own cryptocurrency for the citizens. If you are a resident in India, be calm and hold your coins.

[nankers]

It has been more than 2 months since this news circulated in India and nothing happened as reported. no one is jailed for bitcoin transactions. I think this news is just a speculation from the government to scare bitcoin holders in India. so my advice is if you remain confident with bitcoin, don't pay attention to this bad news

[angrybirdy]

It has been more than 2 months since this news circulated in India and nothing happened as reported. no one is jailed for bitcoin transactions. I think this news is just a speculation from the government to scare bitcoin holders in India. so my advice is if you remain confident with bitcoin, don't pay attention to this bad news

Manipulating bitcoin's price, it's normal.
The government wanted to hold cryptocurrency into their hands, announcing about banning bitcoin into their country then its price will drop, then they will make a move to become closer to their goal.

This looks like bad news, but we should keep holding onto our coins.

[TitanGEL]

If it is about the regulations then we can't help. There are governments who does not favor on regulations of cryptocurrencies because of its disadvantages. I'm lucky because my government is favor to bitcoin and they regulate it.

[doomistake]

One thing that you have to know is that cryptocurrency has come to stay, and if I were you, I would just ignore that and hold on to your bitcoin, there are many areas where you would need to use bitcoin, there might not be local exchanges that would change it to your country’s currency right now.

If you ignore this  and keep accumulating the bitcoin and it worth so much money in future, is it not for you to travel first to another country that uses dollars where you can get a local exchange to change your bitcoin to solar, and then look for an establishment in that country to invest your money to that would give you very legal reason when you start taking the money back to your country gradually to become one of the riches there lol.

Don’t sell, but just play very safe, this rule will only affect you changing your bitcoin through local exchanges.

Frankly, it is not that easy to calm your mind when your Government is starting to warn all of you or face the consequences, yes they should consider the plan of moving out of their country and live on countries which legalize cryptocurrency, but the adjustment that you will put on yourself will be a burden (I mean, you need to study other languages for example) of where you are planning to move.

The volatility of bitcoin is enough to shake your system to have second thoughts about moving out (if you don't have enough capital) in your wallet.

[pilot1970]

I think the best decision is to keep, because selling involves using a known intermediary and then they can ask you where did you get that money? And you're going to have to say it was the sale of Bitcoin, which can get you in trouble.

If there is a ban, perhaps it is best to keep or perhaps identify a way to sell or buy goods and services without compromising your privacy, the market is wide and that opportunity exists, but there are always risks.

[Oneandpure]

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 ?

Never hear any one want to ask you sell your bitcoin because they want to make you panic and sell your bitcoin, they know how to make you want to sell your bitcoin, they are giving bad information and make you worried to sell your bitcoin then they get chance to buy bitcoin with lower price, after you selling your bitcoin with lower price than back again to higher price and you just see what have you do with your bitcoin.