Crypto Gud or a negative news is a nightmare for crypto traders. Even a small fud or news can lead bitcoin to loose 100$ in its price. People outside India may not be aware about the upcoming hearing on Baning Bitcoin. Imagine India Ban Bitcoin, now what will happen. Exactly! Price of not only Bitcoin but also alt coins will bleed. Lost of trust they people will sell their coin at loss. But wait only noobs will do that.
Listen what experienced trader will do. He will wait for you that you sell at loss and then he will Buy your coins at a great price. NOW you will say why he will Buy bitcoin as it is getting banned in a such a big crypto country India.
As I Said Don't worry see what will Happen.
First Indian Government has never make such statement that they are Banning Bitcoin. Even there are rumors that government is not in mood to Ban cryptocurrency at all. On Budget day, our finance minister Arun Jaitley Said ' We will acquire the Block hain technology'.
Then what is going to happen on 5th July. Government has warned the banking sector to stop working with crypto exchange based on India like Zebpay. 5th July is the deadline for that warning.
So don't worry there will be a big dip in But coin but only in India. You will not see the affect of this on coin market cap Price.
I will explain more things in my coming articles so stay tuned and Follow me if you found my article good and useful.