a mis interpretation lead bitcoin fell near 2000$ for couple of minute in india.
finance minister of india Mr. Arun jaitly said that bitcoin is not a legal tender and few people misunderstand it as bitcoin is illegal. and this hoax was spread around the country which created a panic sell, and this panic sell created a price drop to 210000, approax $3000.
no doubt bitcoin is only by the people, they have made it to go so huge and if anything happens to it, it will only because of the people.
This is the nature of crypto. A small rumour can spark major changes in prices!
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Did you sell any of yours due to the misunderstanding?
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nope i am holding all my stake but i had some in form of INR and have place that in order to 3,00,000 INR :p . hoping soon bitcoin will moon.
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