The recent crash in bitcoins has been due to the ban on Bitcoins by the RBI that is the authority controlling all the banks that run in India.
One should know that they have stopped us from converting cryptos into fiat.
Zebpay and other bitcoins wallets are fighting this decision already.
Due to the personal threat thatRBI seemed to face through bitcoins they made a decision that is right now affecting all the people who are involved in bitcoins already and trust me the number is not something that could easily be neglected.
With so much money invested by the individuals in this sector one needs to know that instead of encashing out holding and signing a petition for this cause will do more good.
Just running could prove detrimental for bitcoins .
One should remember the fact that it's Not China ! They are not living in a dictator's rule and for the sake of bitcoins they need to stand up against this decision.
Well, easy for you to say, but for the people who are in there even when not in a dictatorship-like ruling, still can get imprisonment or any of the sort if they try to break the laws of their country. And these people have families to feed and lives to live. for sure they will not exchange the free life without any records just to be able to invest and earn from cryptos when there are obviously a lot of ways to earn.
But on the other hand, I think a lot will really fight for it. I mean, if you think about the potential of this industry and being in it in its early days is something that would be such a waste if not taken advantage of. And let's face it, there is strength in numbers. If crypto supporters in that country decides to unit and fight for their beliefs as one, I think that they would really stand a chance. But then again, it would be a taxing long and unsure battle/fight. But whatever the case, I wish everyone in that country the best luck and that they do not get rid off their rights to do what they want.