Post
Topic
Board India
Re: Which of the following P2P exchange you trust?
by
Bitcoin Smith
on 17/12/2023, 07:25:27 UTC
Whereas we all are busy selling out Bitcoin rather than investing in it by buying more on Bisq.

If you have BTC, and now you need money then there is no harm in selling it and that is what money is supposed to be used for.

BTC has potential to grow, but if you don't feed yourself today, then there is no point of hoarding the food for the next month.

Considering the current transaction fees and congestion in the Bitcoin network it is better to avoid making any transaction. Those small investors who have been DCAing will be affected. Small businesses won't be able to sustain such transaction fees and will shift to another blockchain. Wherein the potential for it to grow and become more popular will be dented.

The congestion has been going on for the last 2 months and we all know it is temporary, and it will not affect the growth of BTC in any way, we are just less than a year ahead of halvening so there is good chance that BTC price will be doubled, so the holders are going to keep HODLing it. In India particularly there is no business that accept Bitcoin for payments, there used to be one restaurant but RBI shadowbanned it they went off so that part we don't need to worry about it now and the crypto investors in India will come clean only if government comes up with fair tax rates or else they are going to keep losing millions in revenue.