Should cryptocurrency be banned in a country with a population of 240 million? - page 3.

This is the kind of panic the government creates ones they see that people have found out about the importance of bitcoin and they are taking advantage of it and this is usually at the cost of reduce usage of the country’s legal tender. I don’t know but just maybe they would have found out that it has affected their local banks and they want to just restrict it.

Quote from: petulino on June 06, 2023, 01:22:44 PM

After this news, many traders are selling their crypto currency and Bitcoin and withdrawing their money from the exchange by converting their money to stable currency, and in the current situation, traders are selling crypto currencies and bit coins at a loss. this is because everyone is afraid of what will happen to their assets if the government bans access to the exchanges.

I myself have decided that I will not sell my Bitcoin but I have transferred my Bitcoin to my hard wallet where I believe my Bitcoin are safe, because I think that Bitcoin is a great choice for investment, here my capital is safer and more profitable than in a bank.Despite the ban, I will hold Bitcoin because Bitcoin is the best investment.

This the major problem with many people without proper bitcoin knowledge. They fall for every FUD created by government and rush into panic sales of their funds. No amount of government banning of cryptocurrency can make you lose your crypto funds store on self custodian wallets. The only fear is those on exchanges that are probably regulated by the government or generally on centralized exchanges.
Using the hardware wallet for the storage is the best but if the amount to store isn’t that much, you can simply use a self custodian wallet like electrum that offers both cold and hot wallet storage

Topic: Should cryptocurrency be banned in a country with a population of 240 million? - page 3. (Read 355 times)