Re: Indian Govt thinks Bitcoin is a ponzi scheme

Quote from: olamidey on May 03, 2019, 04:57:40 PM

Quote from: SwayStar123 on April 28, 2019, 11:05:57 AM

Its quite sad, I have been using bitcoin for 3 years now but because of the crash, bitcoin has been labeled a ponzi scheme and there are plans to ban it in india Sad

https://coingape.com/indian-lawmakers-call-ban-bitcoin-cryptocurrency/
https://www.ccn.com/why-indias-bitcoin-ban-could-disappear-after-march-29-hearing

edit: Im Indian

See, it's not only in Indian that governments want to banned Bitcoin, lots of others countries are all battling the same despite the fact that a good number of their young people are deeply in to Cryptocurrency trading and mining. It may be difficult for them to understand bitcoin that cant be controlled, regulated being a universal currency and the fact that it goes up and down. Really it's a night mare for bank transactions with bitcoin or crypto as it's narratives

Considering most of the surveys and forms, we came to an conclusion that majority of the young peoples are getting into the cryptocurrency markets to earn a living and start their own business into.

Youngsters are the future of country and if the youngsters themselves are getting involved into the decentralized transactions that means that the future for that country may start rising in the decentralized field which won't be tolerated by the governments of most of the popular countries and hence they are here stopping the growth of the decentralized markets.

But for us, we at least know that the cryptocurrency markets is going to have a blast in the coming future so that we can strongly stay with the decentralized markets.