This dump is made for us to buy more and I can still hold my Bitcoins in my private wallet. You even can not take it from my cold dead hands

Simply put, Bitcoin being attacked means that it signifies how important Bitcoin is to people who feel threatened. Therefore I agree if this brings a positive value where we can collect more Bitcoins at a cheaper discount. Besides the number of our holdings, of course, when else can we buy Bitcoin at times such as the correction that is happening now. The problem of decreasing price value in the portfolio does not mean it will disappear forever, because the number of Bitcoins in the wallet never decreases. This is only a temporary value so what are you waiting for. Buy the dip.

I never thought it would be possible to restrict the use of personal wallets.
FUD is made by people who do it on purpose. when the market falls then there is a great opportunity to enter again at a lower price.
I never worry and still keep my BTC in my wallet. and no one will ever stop me, or anyone else from doing the same.

I dont think people are fool bringing bitcoin down 15k in several hours there maybe some truth behind it.

Overall you are a citizen of a country and as a responsible citizen you have to follow rules implemented there.

But not allowing to own private keys is not a normal statement, it's better to ban crypto instead.

If it become true, Its like you can work/invest in crypto but we will own the private keys.



  

The price fell very rapidly, so the reason must be very particular, and not merely volatility. So let's look at the news. CNBC is ridiculously tying the drop to Omicron, even though Omicron is clearly not a big enough deal, has not reason to affect Bitcoin, and is only a variant of concern that was also announced almost two weeks ago, whereas a drop was swift and happened today. Bloomberg does something very similar, but also mentions a general tendency of unstable financial markets, and a potential clue about Singapore. I couldn't find anything more, but I believe that for a quick drop like this, there must have been a direct event (news, probably) that caused it. What's that about private wallets? I didn't see anything about it online but this sounds like FUD that could potentially result in a drop like this.

Yeah, me too, I thought the drop was due to the seriousness of the new Covid-19 variant that gripping Europe and Africa and not to these 'you can't hold your private wallet' FUD.

Anyhow, I try to do a search about it: https://www.reddit.com/r/CryptoIndia/comments/r7y34v/so_apparently_private_wallets_are_gonna_get_banned/

But still for bitcoin holders, this doesn't make any sense at all.

if someone was 5steps up and then now 4 steps up.. did they fall down, or take a step down

dont think of a dip as a fall/crash. think of it as a discount period or settling back nearer to value instead of premium

no one should fear discounts.
would you really cry if your cars gas price got cheaper, knowing in the end it will go premium price again

Where do you see this kind of FUD. I believe only newbie will gonna believe on this kind of news and also crypto market is not shallow that can be affected by useless FUD. The real reason why Bitcoin started to turn bearish is because of the new threat of Pandemic. Global market is crashing non stop due to panic of new pandemic outbreak. This new variant "omicron" is making people panic because we all witness how devastating the first covid 19 outbreak on global market. Everything will fine once there's a new vaccine develop to counter this new variant.

Another fud? or just make up stories? maybe this is one of the reason but I don;t think this create a huge effect on the bitcoin price, maybe the huge reason is many people got afraid for the dump itself nothing else more so hopefully we can see the storm became calm since if this still exist then maybe the other adopters will think twice if they adopt bitcoin or not since the volatility is so high and that is bad for certain adopters especially if they don't know how to counteract on the dumping market.

It's unbelievable that anyone can believe such nonsense at all - and let's start again to reconsider whether someone can forbid me or you to have Bitcoin in your full non-custodial private wallet?




How about this? If you are interested in something more about it, I suggest you visit the WO board and find out a little more.