Bitcoin till date, has never given us any loss whatever be the price we got in at. But the Indian exchanges are not making things easier but making them more difficult to trade crypto - taxation and KYC.
I agree with your point on Bitcoin and Indians are into crypto not because of Bitcoin they are here to make money fast. They think that crypto is the only option available after the share market to multiply their investment fast. By next year February, we will be hearing about regulations and we might hear more about taxation in this industry. I am not expecting much from this government but a strict regulation is going to come out from the parliament in the winter session.