Post
Topic
Board Speculation
Re: India just BANNED Bitcoin? Will BTC now crash?
by
Hazir
on 02/02/2018, 18:23:59 UTC
I think there is a misundertanding here. Do they ban it totally or just for illegal purpose?

It is just speculations that has been used today to manipulate the market and I'm sad that they succeeded to do that. Their main objective was to cause retail traders to do panic selling. I hope you didn't!
India didn't ban bitcoin, all they wanted to do is curb illegal use of Bitcoin and other cryptocurrencies by imposing some sort of regulations.
But as always the news was twisted and changed by the mainstream media, and someone who really wanted to crash the market succeeded.
The price will recover slowly as the people will realize that the Indian ban is nothing but fake news and one big hoax. Be patient.