Crypto Regulations, Legal Tender and uncertainity and future associated with it.!!
News, yes news of regulations of cryptocurrencies across the globe plays a significant role in this digital era. Developing countries have started discussing lately on cryptocurrencies yes of course on blockchain technology. I am from India where comments and opinions in different communities , blogs, forums in different media are being seen for last year with respect to cryptocurrency regulations. Some times news got published as ban of cryptocurrencies while sometime it says, " will not be accepted as legal tender" . But unfortunately a very few rare individuals understand the facts. In other words it is totally a manipulation. whenever there is a news here about cryptocurrencies, complete manipulation is being often seen in the price of cryptocurrencies in the local exchanges here in India and those who invest few bucks form their hard earned money in crypto get worried and dump their valuable assets at very low price.
Everybody knows there is a certain future behind cryptocurrencies yet such a bright future probability cant attract common peoples attention . Companies, industries come and go making people fool by showing attractive compensation plan , and most interestingly people get trapped in such scams and after getting scammed they started blaming mainstream because those scammers always promote their business by the name of mainstream, like Bitcoin. It is really very unfortunate.
The same thing happens when govt plays tricks to demotivate people by saying cryptocurrencies as bubbles. Sometimes people get the news of crypto regulations which are actually clever tricks of investors. Those people who are often in loss always again invest in ATH ( all time high) period of all market. People get trapped in FOMO( fear of missing out) .
At last I would like to suggest those new comers not to get panic in news. Because a news always looks to be very effective in this respects thereby manipulating the common people. So request you all those small investors to follow all market trends and then only take decision.
Thank you