Bitcoin falling down $654 in one day is not good for crypto at all

As soon as Bitcoin fell by $654 in the last 24, I remembered the statement of our country's Finance Minister Sitharaman. Sitharaman said that "India does not support cryptocurrency nor does it consider it a currency in any way". Personally, I am not surprised by such statements but by the thought that when it comes to the annual budget, the Indian government directly announces without any crypto body and guidelines that "30% tax will be levied on every crypto transaction." Every Indian will have to pay."

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Along with Bitcoin, a huge decline has also been recorded in ether, usd coin, ripple, cardano, stellar, cronos and polkadot. I had invested in the Indian app wazirx last year by buying some crypto and soon after investing, the price of bitcoin fell so badly that my dream of becoming rich broke like glass. Till now the crypto I bought has not been sold because it is not being sold even at 5% less than the price for which I bought it. I am eagerly waiting for crypto to rise.

At the same time, I am also wondering why the governments of other countries are only seeing that crypto should be banned. Governments are unable to see that people have made crypto their business and have become dependent on it at full time. People are not demanding jobs but are feeding themselves and their families with crypto. But despite the well-being of the citizens, governments are banning crypto in their countries, behind which they say that terrorist organizations are taking donations in the form of crypto and carrying out terrorist activities.

I am not against the policies of governments, I just want crypto to be looked at in a positive way and it should not be banned because many citizens are making their living and feeding their families with the help of crypto.