I am from India (aka Bharat) and these recent remarks from our Govt. are very strange and contradictory! I will clarify what I mean:

Strange because our finance minister said "... will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of payment." Well the cash is also used to do 'illegitimate activities' and so does the internet so does it mean we try to choke their utility! Here clearly our people in Govt. (generally very poor in tech understanding) don't have the grasp of the utility of cryptocurrencies. 

Contradictory because in Nov, 2016 our Govt. had famously taken away the Rs 500 and 1000 currency note circulation from market on a short notice and later encouraged use of Digital transactions, and till today they are tying to encourage cashless transactions and cryptocurrency facilitate that exactly then why such mixed signals! Also people of Bharat pay over 1 billion USD in taxes while trading in cryptos which is a decent amount for 'taxman'. 

These kind of statements and selective reporting from foolish 'mainstream media'  is creating unwanted FUD in our country and it is having domino effect at global markets.

I am glad there are some persons, like you Ivan, with some influence that is setting everyone straight! Too much FUD and panic selling has been going on. Hopefully some people catch things like this before it's too late and just hold on for the ride.

![IMG_3022 2.JPG](https://steemitimages.com/DQmXBsuGgw8GZ4GaNEnsqCYzeRRr1iEzhi2WnwtdF2pqZ95/IMG_3022%202.JPG)

Get to work on some of those faucets. The amount awarded is linked to #BTC. So the payouts are ALOT better now. I just posted several links to things I am doing to stay green.

don't worry guys.  This is just part of the crypto ride.   Hang on to your wallets and the most important thing -- DON'T SELL

I have resolved Not to sell my BTC, the crash might just be momentarily and a rebound is possible. BTC will certainly come back. I'd rather buy the dip than sell the dip.

The crash means I can finally buy more before it climbs back up...

I think the bottom is near 0. How is steem or ethereum not way better than bitcoin?

Thanks for the quality take on what is going on. I am  thrilled I took profit before Christmas and bought everyone nice gifts. I can re-buy that BTC soon and at less than half the price. The entire market does not always follow BTC, remember the "flash crash?" I think a State actor could attain 51% hashpower if it really wanted to do that, think Amazon and how they get huge money from the US Government. My question, and you probably know @ivanli , could they pull a double-spend and break the whole thing?

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Great video, a lot covered!

The unfortunate truth about Richard Heart and money others in this space is that they are professional trolls. I'm just happy to see that you have not turned to the dark side yet Ivan ;)