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Topic: What should we do ? (Read 688 times)

legendary
Activity: 1526
Merit: 1179
October 25, 2019, 05:41:00 AM
#68
If you do not want to go to jail, you must obey the law of your government.
You sound like someone who would snitch on a neighbour for potentially not having paid any tax or whatever.... what people do isn't your problem and you shouldn't just think that what the government's law tells you that it is justified to obey.

A lot of laws are beyond ridiculous IMHO, and I find it encouraging to see people try to avoid them. If you want to turn yourself into a slave of the system, then by all means, go ahead and feed them your hard earned money.

Bitcoin empowers people and that's what I like about it.... for the first time there is a convenient way for people to not be the suckers they have always been. It's just fear that makes a lot people obey the law, not because they love the government.
sr. member
Activity: 1120
Merit: 255
October 25, 2019, 04:05:44 AM
#67
India has one of the biggest market for Bitcoin in the same level as that of China but its present leadership seems to be not enamored to cryptocurrency and is planning for a total ban instead of a strict regulation. Let's hope that cooler and better heads prevail on this issue as it can be a disgrace to see India go in the way of China.

I think there is a chance of seeing good growth by next years. There is a lot of positive news on btc. It is clear that BTC is interesting for investors. Platforms for attracting capital from big investors are opening. If you are going to hold on for a long time then you will eventually win. exactly no one will tell you when it will be to the moon. just be patient and keep accumulating BTC. but right now the bitcoin price its a crazy volatile, means you can get some profits and holding it's not a best idea, I recommend trading if you are professional.
hero member
Activity: 1273
Merit: 507
October 25, 2019, 04:05:32 AM
#66
If you do not want to go to jail, you must obey the law of your government. But to my knowledge no one knows if you have a hidden wealth because bitcoin is anonymous. And even if you do not follow the rules of your country, you will not be caught by the authorities.
full member
Activity: 416
Merit: 100
October 25, 2019, 12:08:10 AM
#65
just wait,do nothing
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
October 25, 2019, 12:04:04 AM
#64
Been reading about this a few months back or maybe a year ago, I thought this issue is done or had been resolved. In regards to selling or holding, I guess people from India have no choice, if it is illegal then they should abode, not unless you'll try to hide or get jailed if you got caught. Let's hope that the Indian government will reconsider this and try to consider or even review what convenience and opportunities can crypto bring.
sr. member
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
October 24, 2019, 11:56:51 PM
#63
I don't think you need to do anything hard for you to do, let the government do it because we all know that no bitcoin circulation can control or even the government will not be able to, just follow the flow because I am sure one day bitcoin will be able to be Thank to many people including the government.
hero member
Activity: 1190
Merit: 511
October 20, 2019, 12:14:21 PM
#62
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.
They are spreading fud just to decrease the price of bitcoin, they are trying to manipulate the market to have an opportunity to buy. in that case they may be able to buy lots of bitcoin, they wanted to control the flow of the market and make it work under their palms.
The best way for now is to hold our crypto, dont ever sell it to counter their tricks.

Sad that they are manipulating the price that are causing panic to people, but we cannot blame them as this is their strategy for them to be able to accumulate more Bitcoin at cheap price. And after they bought BTC, they will spread good news that will cause the price wise  and people will start to panic buy again.
sr. member
Activity: 1260
Merit: 315
www.Artemis.co
October 20, 2019, 11:57:49 AM
#61
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.
They are spreading fud just to decrease the price of bitcoin, they are trying to manipulate the market to have an opportunity to buy. in that case they may be able to buy lots of bitcoin, they wanted to control the flow of the market and make it work under their palms.
The best way for now is to hold our crypto, dont ever sell it to counter their tricks.
sr. member
Activity: 2114
Merit: 309
October 20, 2019, 11:46:32 AM
#60
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.
newbie
Activity: 14
Merit: 0
October 20, 2019, 11:33:21 AM
#59
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.
hero member
Activity: 1400
Merit: 571
October 20, 2019, 11:24:39 AM
#58
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.
sr. member
Activity: 1036
Merit: 281
October 20, 2019, 10:50:54 AM
#57
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.
sr. member
Activity: 1022
Merit: 277
★Bitvest.io★ Play Plinko or Invest!
October 20, 2019, 08:30:30 AM
#56
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.
full member
Activity: 634
Merit: 118
Bounty Hunter Indonesia
October 20, 2019, 07:54:55 AM
#55
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
full member
Activity: 2184
Merit: 184
Hire Bitcointalk Camp. Manager @ r7promotions.com
October 20, 2019, 07:01:35 AM
#54
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.
sr. member
Activity: 672
Merit: 254
October 20, 2019, 06:39:24 AM
#53
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.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
October 03, 2019, 11:41:20 AM
#52
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.
member
Activity: 560
Merit: 14
October 03, 2019, 11:37:27 AM
#51
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
hero member
Activity: 1904
Merit: 541
October 03, 2019, 11:24:26 AM
#50
Quote
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.

Quote
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.

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#HODLINDIA
#HODLWORLD #HAVEFREEDOM #NOTODEBTWORLDWIDE

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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!
sr. member
Activity: 1344
Merit: 270
October 03, 2019, 11:04:24 AM
#49
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.

Quote
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.
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