Indian Government is to Ban Crypto???

Good morning my loves!!! How are you all doing today? are you okay? I'm sorry for being away for 2 complete days as I already told you all that my Mom visited me after 2 complete years and I'm so happy seeing her and devoted my entire time for her. I did not even touch my laptop mobile or any social media for these days and also attended a wedding reception with her... she brought a lot of candy, snacks and food items which is exactly Moms do despite telling her not to bring any weight while traveling as she was traveling alone. She was so excited to see her grand daughter and my girl did not leave her and moved like her shadow in the house. Seeing their affection towards each other made my heart warm :)) Grand parents love is the best isn't it?? here are some pics I took with my Ma..

MOVING ON.....Biggggg News from Indian Government !!!!!!!!!!!!!!!!!!!!!!!!!

Indian government has published a bulletin in it's Parliament to ban all private crypto currencies in India and to release it's own coin in the market which the Reserve bank of India itself can regulate. This is in simple terms means to ban all private cryptos from Indian market. And they have announced this in a statement saying "a discussion and decision would be made on this in the coming Winter session of Parliament". And, as and when this news has been released, it spread like a freaking wild fire in media and obviously has reached the twitter creating massive panic on investors and crypto holders/traders. It immediately started trending and some people are asking people not to panic, some people are giving "what is wise thing to do now" tweets and some people are "Panic selling"

What is Panic selling:

As I have explained time and time again that Indian government is and always has been very slow in adapting the financial markets even though we have brilliant economists and officials in our government. Ever since the attraction started towards Bitcoin, Indian government has never retired from warning it's investors to be careful and never to invest massive amounts of money in the crypto. And after reading some tweets, I have realized from few people that Indian government has been releasing such "Ban" news/rumors very often, like once in 8 or 9 months and "not so serious" investors always get panic attacks because of this. I mean, if you are a pro-trader and all, you know how the markets and government work and you always try to hold your investment intact until the situation gets better. However, this "Crypto Ban" news created a massive panic and so many hundreds of people are trying to "Sell off" their Bitcoin or Ethereum or other forms of crypto to avoid getting huge loss in the future which is a wrong thing to do...so wrong that you might regret so hard later... because Government clearly said they are banning only "Private crypto" and Bitcoin is not.. a simple search in google can tell you this

So, what even is the point of "Panic selling" or getting heart breaking when Bitcoin, Ethereum, BCH etc are actually public block chains and are safe?? I saw the tweet "Crypto ban" and I was shocked for a sec but quickly went online to read the details and phewwww, our BCH is safe lol... Indian government has always been afraid of crypto being falling in wrong hands and be used for wrong decisions like hiring assassins or to pay for bureaucratic malpractices etc because you can literally cannot track transactions that are paid through private unregulated crypto through dark web. Hence the ban is understandable right?

So before anyone who is worried about their public block chain currencies like Bitcon, BCH etc., please read the below and literally stop "Panic selling" because YOU WILL REGRET losing your assets in future and that's for sure :))

I hope this post is timley for people to make wiser decisions and all hail to our safest BCH,... this is a blessing for us all...

That's all for now ya'll.. stay safe and a massive shout out to my sponsors below, ya'll cool

yours Bloggingly

@Theblackdoll