What do you think of India banning Bitcoin? even in Australia the Reserve Bank has attacked the Bitcoin and all cryptocurrencies investments.
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What do you think of India banning Bitcoin? even in Australia the Reserve Bank has attacked the Bitcoin and all cryptocurrencies investments.
Great question @cosmophobia
Do you have any opinion on that topic?
@crypto.piotr
Ever since Bitcoin fell there has been lots of articles written against Bitcoin and the Cryptocurrencies almost on a daily basis.
Yet despite these attacks the Cryptocurrencies has continued to defied the experts such as RBA Governor Philip Lowe, and many others. On top you have Sigal Mandelker that serves Under Secretary of the Treasury for Terrorism and Financial Intelligence. Sigal Mandelker that alleges that suicide bombers are using Cryptocurrencies to finance their terror against us.
So what do I think about investing in the Crypto Currencies? I have been in Steemit now for over a year and in that time I have invested in the Steem both here and on mine exchange and I have enjoyed it a lot.
I dont like trading but I prefer staking, buying the different currencies and keeping them for a long investment period of time. Because when you buy a currency it never stays the same and it might go down or up. If it go down I buy more the cheaper the better and I dont listen to the fear mongering about a bubble bursting or anything like that.
I also like currencies that give me passive income such as ont, vet,neo,pivx, all of them gives me passive income from the exchange that I use.
Finally I believe that everyone should invest in what ever Crypto Currency they prefer and taking a stake on them bulding it slowly and receiving passive income in return.
Reserve Bank governor Philip Lowe "bitcoin is a 'speculative mania"
Amazing comment @cosmophobia
Loved reading it. I seriously appreciate your time and effort.
Yours,
Piotr
@crypto.piotr
Thank you for your support I appreciate it a lot.
Hi @cosmophobia,
When i searched the net, I came to know that India banned Bitcon for two reasons, one being the transactions are "pseudonymous" and the second one being its prices are volatile. I agree with the second one, but the first reason confused me a lot.
@marvyinnovation
Thank you for reading my post and for commenting on it.