I like the optimism in the statement from Sohail Merchant, CEO of PocketBits. It's a good exchange from the feedback I've received, and they've had a good run so far. At times like these it's important that crypto-exchanges communicate with their users irrespective of the size of their operations. As a cryptocurrency user from India, I'm glad exchange owners are communicating with end users.
It gives confidence to everyone associated with this industry.
Cryptocurrencies are here to stay and central bankers can't do much other than thwart attempts and slow down the process of adoption.
However, policies of banksters will always have an ill effect. They can cause a massive FUD and panic sell as we've seen time and again in India. Mostly surrounding RBI's illogical, unethical and unilateral ban on banks rendering services to crypto-exchanges.
Steemit users from India, please don't sell your Steem in haste and exit this platform. We may have a few dark days ahead but hopefully on 3rd July there will be some positive news as Supreme Court's vacation bench admits IAMAI's petition.
Please keep yourself informed with the correct information from the right sources. Don't let any misinformation guide you in your decisions.
I'm aware that deep down inside many crypto traders and Steemit users from India are worried about government policies, falling prices and FUD. Please know that you are not alone in this!
Readers from India don't give up hope on cryptocurrencies just yet. It's a long road and there will be many obstacles like the ones we're facing today. That's the nature of an industry that's revolutionary and is forcing change on archaic systems in place today.
Until then, sit tight with your tokens if you can afford to.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Let's Watch This Fun Video From International Steem Meetup #1—Malaysia
- Why You Should Vote For @firepower As Witness—Witness Campaign Post From India!
- Steem.Chat Contest #31
