In my country India , there has been a long discussion related to cryptocurrency and regulations that government wants to bring in. Whenever there are these information people panic and exit the market by selling their crypto's.
Media plays a big role here as they circulate false information and creates FUD that leads to panic and when people are in panic they just sell.
I have friends who asked me what to do , now cryptocurrency will be banned and i told them that just hold them to your crypto's. I am happy that my friends didn't panic and they didn't sold their crypto's.
Now why am i writing this blog today ? It is because the winter session of parliament in my country is over and there was no discussion about the cryptocurrency and regulations related to it.
Now that means nothing will happen until the next parliament session that is almost after one and half month from now. So people who believed the media and other articles that says cryptocurrency will get banned and those who sold believing on these sources are panic sellers.
So these sellers have faced a huge loss by getting trapped in the fud created by different sources.
Now the next session of parliament will be the budget session and there is no official announcement yet that any crypto regulation bill be discussed on that session as it is totally focused on budget.
Anyways what i would still say is that never panic and never believe on external sources , wait for the official announcement and then decide what you want to do.
Thats all for this blog , Thank You...!!!