Topic: What should we do ? - page 2. (Read 702 times)
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.
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.
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
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. 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 ?
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.
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 .
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. 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 ?
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.
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. 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 ?
Guys, I’m sure that no one can forbid the inhabitants of India to use cryptocurrency, especially trade on cryptocurrency exchanges and earn good income. The fact is that even if there is a ban at the legislative level, then with the help of certain software everyone will be able to use foreign resources for trade. Of course, it will be necessary to cash out cryptocurrency into fiat funds in other ways, so as not to attract the attention of the government. But using Bitcoin or another cryptocurrency as a means of payment will be prohibited. And as I understand it, almost all Indian citizens who work in the cryptocurrency market are trying to earn income in order to become financially independent, and not in order to use cryptocurrency to buy goods or pay their bills.
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.
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.
World has never changed in a day.So must keep this words in our mind.Bitcoin was the ruler of digital crypto currencies and still it is developing than the previous times.So we should be patient and be with bitcoin to get the success and improve our economic situation.we should remember that"where there is a will,there is a way."
So , should you sell or hold onto bitcoins .?
When governments put tough laws on something, breaking this law can have severe implications for the lives of those who break the law. Let's suppose that in India they pass a law that says anyone with bitcoin will be sentenced to 10 years in prison. Are you ready for pass 10 years in prison? Do you feel confident that someone in this world will help you get out of jail?
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 ..
And how the hell do you know if a lot of people in india are holding bitcoin or not? People will be afraid of being arrested
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 ?
All I have heard is that many committees, groups of people, politicians, bankers and whosoever talking about banning crypto in India.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 ?
They have been talking about banning crypto in India since years now but I have seen a real ban yet or even an official announcement on this regard from a trusted source.
I don't know why people keep bothering about such FUDs. I have been a hodler since years without worrying about such FUDs because I know what I am doing is not illegal.
The money I earn is from my hardwork and not from by selling drugs or guns on the darkweb. People have to be optimistic about the new developing technology instead of listening to some person you don't know telling you what to do.
Why would governmente jail people for holding crypto? Would they jail people for holding any fiat currency, precious metals or for bartering goods? This can only happen in full-blown dictatorship... I honestly would rather go to jail. My conscience does not feel bad about Bitcoin.
I think this is just a proposed bill but I wonder what is the development of this. Short sighted people behind the government positions are the one thinking that cryptocurrency is a bad thing for a country. They are the unknowledgeable pretending to be a wise one.
No society that depends solely on central government will be free of oppression, lawlessness, harmful secrecy and possibly destruction
I think this one is universal, either we are living in a central or decentralized environment, there is always people who bully and opress others. It also happen in the people behind the development of cryptocurrency.
Yes, definitely holding is one the best option and then leaving the country is another choice. But the latter will be difficult. It's just sad to hear that India, with it's young and dynamic IT sector will suddenly go to full extend to ban crypto in general. No one wants to go to jail here, but if our friends in that country is willing to take the risk, then so be it.
Well it is their decision to take the risk and we cannot do anything about it. The sad part of this is the banning of crypto, they are missing a huge tool for their country's development.
This was discussed quite few times already, I am not sure if the proposal passed or not but I had read in some social media sites like Facebook that there is a 90-day grace period for hodlers to exit out their crypto coins. To answer OP's question, I think it'd be better to hold it for now. It's not like it will be an instant travel to the jail room would happen at the time the proposal passes.
Yes, definitely holding is one the best option and then leaving the country is another choice. But the latter will be difficult. It's just sad to hear that India, with it's young and dynamic IT sector will suddenly go to full extend to ban crypto in general. No one wants to go to jail here, but if our friends in that country is willing to take the risk, then so be it.
I am not a citizen of India but I rather see it disappointing that they fail to see the potential of bitcoin and the positive effects it may bring to their country, community and economy. But we cannot blame the government since they are not yet ready with this kind of innovation in finance. Though for bitcoin users and holders in India the only thing they can do is to either hold their bitcoin in their cold wallets or if they hold a huge amount of bitcoin they can migrate to a bitcoin friendly country.
Due to the management issue and security factors, the Indian government is taking quite safe steps towards Bitcoin and other cryptocurrencies and, therefore, for now, if you have BTC hodl it and situations will change soon.
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.
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.
Well, I think Indian government are really ridiculous, remember, in the previous year they confiscated gold from their citizen. I think the government is only up to enriching themselves disregarding its citizens hardwork in acquiring these assets. Lucky I am not from that country, and the one I am living is friendly to bitcoin so I guess, it does not concern me much about what OP is telling us.
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 ?
Well, depends on the situation, as long as there is no immediate need for money, I will keep on holding my Bitcoin.
Not all proposed legislation will be effectively realized and while its not too late yet, maybe the whole Indian crypto-community would spearhead a
movement forming a coalition to appeal its cause for the purpose of stopping that proposal by the Government to take into effect so that hopefully, the
Indian Government will reconsider it plans about it.
If the Indian government have finally banned crypto transactions,then it's not a reason to sell immediately your coins.Hold them still in a secret way.This banning of cryptos might still be change in the next years to come.IMO,the government has only lacked the great awareness about crypto and so they will regret it later.movement forming a coalition to appeal its cause for the purpose of stopping that proposal by the Government to take into effect so that hopefully, the
Indian Government will reconsider it plans about it.
It could be the case since some Governments are quite hesitant to adopt this emerging technology but sooner or later they will eventually embraced it
and yes, hodling their coin would be the wise thing to do and they should not panic and do things that they might regret later. Imho.
Not all proposed legislation will be effectively realized and while its not too late yet, maybe the whole Indian crypto-community would spearhead a
movement forming a coalition to appeal its cause for the purpose of stopping that proposal by the Government to take into effect so that hopefully, the
Indian Government will reconsider it plans about it.
movement forming a coalition to appeal its cause for the purpose of stopping that proposal by the Government to take into effect so that hopefully, the
Indian Government will reconsider it plans about it.
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