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Betterlife || The Diary Game || 04.12.2021|| Morning shift, Market Crash, Not Happy with Indian Government on crypto Bill, Got Axie scholarship, and those Gol-gappe

4 comments

hdnakum

2 years agoSteemit5 min read

Hey guys, A very Morning to all of you guys

How are you all?

I hope you are great

_{Made with Canva}

Morning

Today, I woke up at around 05:30 hrs, freshned up and then got ready for the second-morning shift. I left home and reach the office at 06:00 Hrs. In the morning shift, as I mentioned earlier, the first few hours we are free and no work until 0800 Hrs. At around 08:00 hrs, I left my lab and reach the canteen where I had a Mendu Wada for the breakfast. After breakfast, I reach the office again and Restart the usual testing.

After the work, when I check the marker condition, I was like wtf. it was a huge dip of around 20%. I believe it is a healthy dip and people should buy the dip if having extra money in thier beg. Bitcoin hits $42k lower.

The Fresh crash is may be due to

Volatile period for financial markets amid new Omicron Verient.
Stoke market is also down by 4% in this month.
leveraged buyers of Bitcoin were flushed out causing a fresh crash
$2.4 billion of crypto were liquidated yesterday

_{Fresh Crash Source}

I read some news about how the Indian government is going to regulate cryptocurrency unfortunately government have an intention to earn tax from the Indian investor by considering cryptocurrency as an asset. Really? I mean please grow up. It is all about heading toward web 3.0 not earning Tax.

Below listed things that crypto investors will not like about this bill if the bill once passed - Worst case scenario

You will be able to use only Indian shitty exchanges such as Coinswitchkuber, WazirX and CoindcDX.
All the private wallets will be banned, which means you won't be able to connect with any web 3.0 app - A huge blow
Indian government (SEBI) will keep an eye on every Indian exchange and will regulate them for a 30% tax deduction.
The Indian exchanges will not fight (as earlier, not with at least that same intensity) against the government for justice because most of the Indian investors use foreign exchanges and wallets, and will have to shift their assets to Indian exchanges, simple they will get more profit now, isn't it?
You will not be able to grab those initial 10x or 100x profits coins by buying such potential coins at the early ages of development.
You will not be able to earn passive income by yield farming or staking because it needs private wallets.
In the case of Steemit earning, You will have to cash out your earnings in Indian exchanges with a deduction of 30%. lol. That means if you earn 50 Steem from any post, 25 steem goes to steem power-up (#club), 7.5 goes to the government and you have a little 17.5 steem. And yes, whenever you power down, you will find the government at your door to take away a 30% cut.

_{A JOKE from Indian Government Source}

Headlines of every newspaper are this

The Indian government is not looking to ban cryptocurrencies, but to regulate them as ‘assets’.

I would say COMPLETELY BAN it instead of regulating it in this worst way considering as an ASSET, What a JOKE.

AfterNooN

By 14:00 hrs, I reach home from duty, I freshened up first and then had a Bhaji, Parotah, Curd and Buttermilk as lunch. After lunch, I hit the bad and just slept until 17:30 hrs. When I woke up, I went to a nearby shop to buy Puri and some paste for making Pani for Gol Gappe. When I came back I started playing Axie infinity. In the early morning, I had a message from one axie manager offering thier cute axies as scholarships. After a long conversation, I agreed on his term and conditions.

_{My Axie Team - On scholarship}

At around 20:00 hrs, we had dinner while watching Mahadev Serials from where we had left yesterday. It was a yummy gol-gappe and Dahi-puri. After dinner, We kept watching the Mahadv Serials.

_{Today's Dinner: Gol Gappe & Dahi Puri}

I log Axie infinity on mobile and started playing the remaining matches on mobile. The first day on axies is always tough to level up axies on adventure mode and earn 50 SLP. My wife kept watching Mahadev and I was playing Axies until 23:00. Hrs.

_{Feeling Today}