It is my strong hope and wish that the price recover and pump very soon, this can be achieved when Investors put in huge amount of money into the market, we are yet to see people buying the dip to the extent that the market will pump heavily and give hope to investors whose portfolios are bleeding red at the moment. Investing.now is an opportunity in my opinion
I wouldn't know if you are also aware that recently India government also recieved palliative measures in crypto-currency to combat the continuous increase in the Corona virus cases in the country?.
cryptocrunchapp.com
I am not much aware of the ways the government is encouraging people into crypto currency activities. Can you just give some examples there? I am not very informed about this field and in the beginners phase of trying to collect information and understand it. Whatever little I have collected, it seems that government fears illegal secret transactions, money laundering and tax evasion. And none of these seem good to economy of any country.
It is better to be gradual when it comes to trading or investing into cryptocurrency because of the volatile nature and when you take it gradually you will discover that we make gains reasonably and also manage losses in case. As regards RBI being concern that crypto could be a threat to the economy they could have their reasons it is also worth giving a shot I'm finding ways to regulate them so that they don't have that they're calling me as you can see that the government of India is encouraging people into cryptocurrency activity.
I guess this judgement of supreme court came few years back perhaps in 2018 if I am not wrong. But still the controversies stay there. RBI and other financial institutions fear that it might be a threat to economy as they fear that there would be money laundering and this might bring more damage than good. I am just a person who is trying to understand crypto currency and crypto market. But then I keep picking things in bits and pieces from here and there.
The laws are not very clear and straight. And the future of cryptocurrency still hangs in balance here in India. So I have always avoided it. But I came to know of an Indian on another forum and he has made decent earnings through investment in these cryptocurrencies. I have asked some queries from him and hope they are clarified. He has claimed to make a profit of 15% in December through investment in few coins. I think the trading was legalised by SC in 2018 but then RBI has some opposition against it fearing that it might damage fiat currency and the economy. Things are not clear and I fail to understand the intricacies involved.
Well,to me it depend on the individual ideal and mind to take risk.
investment in crypto is not safe. I am earning these with using some sites. but earning is not too much. I think trading in crypto is also not valid in India. So we never thing to invest in it. In last December I exchange satoshi with FC. If you are interested in making investment in crypto than first you must be check law and rules of India
If you look at the way cryptocurrency fluctuate I think 5 years will be too long except the person wants to make a very huge amount of profit but to be on a safe side if you buy cryptocurrency coins and you made at least 100% and above it is better you trade off and wait for a dip because at least one or two times in a year the market always going to dip.
Sorry for the late reply, it's just that I hardly come online these days. Why not this is the best time to invest, do that now the price is down but you need to be patient once you Have invested and too don't you all your earnings to buy bitcoin
Cryptocurrencies are tradable assets they are bought and sold every seconds and that is why you see exchange platforms trading 24 hours in a day so there are times people dump their coins especially those holding it in large quantity or volume which the price will drop and people who has history of most of these coins see it as an opportunity to buy because more investors will be encouraged to buy at lower price and sell at higher
You are absolutely right bro, and another thing is that don't invest all that you got in it, for I have fallen a victim before
You have not prove the source of your information that you have just said, bitcoins is a digital currency and it is a future currencies of the world,if I have money I'll still invest as much as I can in cryptocurrency like bitcoins and bnb,all these things are just something that happened always in the cryptosystem and it's not something to be worried about.
