Bitcoin rally now seems to be almost over and so does the enthusiasm of government to regulate crypto-markets. The delay in government’s stance on crypto has instilled a fear among Indians who now stand to lose large investments, if the government decides against crypto currency markets.
India got its very own exchange in 2015, since then the exponential returns have over powered the ambiguous warning of the government. From RBI warnings & Finance Minister Statements to RBI research on inclusion of crypto currency in Indian banking system, has baffled Indians to trade or not to trade in crypto markets in India.
The indecisive government is not entirely up to blame but the ignorant investors also count, who fail to understand the underlying Blockchain Technology that powers Bitcoin. It is essentially a token which can be transferred to another party, in a private and secure manner. These token are awarded to people who keep the Blockchain up and running. And Bitcoin is one such token, which has gained monetary value due to its paramount importance. This delusive notion that assumes Bitcoin as a Coin has done more harm than good.
Speculative trading is yet another profound factor which adds to the fear of Bitcoin trading. To make it even more interesting, media adds fuel to fire, swinging markets from green to red & red to green in single shot.
The speculation, mystery of Bitcoin and ambiguous government regulations are what define Bitcoin trading in India !
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