What's the use? I am not generally a negative person. But after the imposition of 30% tax on crypto transaction, I became very negative about the future of cryptocurrency in India.
yeah..
and the cycle isn't running.
for a currency to become usable it has to be accepted more.
nobody is using it here because no one is getting paid in it.
no one is getting paid in it because there is no profit for employers to use it as payment.
most hodlers including me r using it as store of value or as investment to sell it and make profit one day
but other than that there is no movement..
i don't spend it because a. there is no where to spend it and ..
b. it is hard to buy again so let's not spend it at all.
its hit a fuggin road block!