Post
Topic
Board Economics
Re: No need to panic sell after the Ban by RBI
by
richardsNY
on 08/04/2018, 20:14:51 UTC
It's only now after they announce the ban, not really an issue though people can still buy bitcoin without having a bank account.

Definitely, but it does inflict some level of damage on the crypto sphere there, and that's what RBI is betting on. I strongly hope that people for once start setting up local economies based on crypto only. It would show the government there that they can't keep deciding for people what they can and can't do. On the other hand, the majority of the people are very simple minded, and will likely not fight for their freedom, which is pretty sad. I see that with people around me as well, especially when they start talking about Bitcoin not offering any insurance because it isn't backed by the central bank, etc. It's very difficult to make them ditch that twisted way of thinking....