Post
Topic
Board Bitcoin Discussion
Re: Indian Govt thinks Bitcoin is a ponzi scheme
by
LUCKMCFLY
on 08/05/2019, 04:06:52 UTC
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

Well this is something that we must always face in day to day, the FUD that is done from a government, is something normal as they attack the Bitcoin, they are already saying that it is a Ponzi scheme? Well, I think they should read at least the Whitepaper and everything Blockchain technology has with it.

It can also be a strategy for people in India to sell their bitcoin and the government or specialized people buy them, so they can accumulate much more money.

This type of strategy should not be ruled out that they can use it, because many are realizing that bitcoin can continue to increase almost $ 50k in the near future. Although I wonder, how can you get an idea like that? will it be that they are not clear about what a Ponzi system is? or that they are just small enthusiasts who do not know how to manage technology and who are learning in that way? good everything is possible, in the crypto world everything, absolutely everything can happen, nothing is exempt that does not happen. Crypto is like life itself.