Should India go for cryptocurrency amid of pandemic or at another time?
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Should India go for cryptocurrency amid of pandemic or at another time?

April 25, 2021
MarketingMindsKnowledge

Should India go for cryptocurrency amid of pandemic or at another time?

Cryptocurrency is digital money. That means, there are no physical transactions or bills, everything is digital, and nothing is in a physical mode. IT uses that technology to let users can make secure payments without through a bank. They run on blockchain technology. It is a digital record of transactions. One of the famous examples of Blockchain is Bitcoin. Blockchain is used for recording transactions made with Cryptocurrencies, such as Bitcoin, Litecoin, and Dogecoin, and has many other applications. Each transaction added to a blockchain is validated by millions of computers on the Internet.

 

 

Why?

India has the stock market BSE(Bombay Stock Exchange), and NSE(National Stock Exchange) and many Indians invest in Nifty-Fifty, Sensex, and other stocks. Indians invest in Indian stocks then why not in crypto? Indias can invest in crypto and you too.

See, cryptocurrency is a worldwide currency and people invest in it worldwide. It is that money you can earn in any other country. So, that way the asset of other countries you can bring to India.

 

When?

There is a line of great investors “Get greedy when the market is down, and move slowly when the market is up”. You can invest that way or you can invest at the tip of your senior investor or big businessmen.

For example, Elon Musk one of the richest men in the world tweeted a tweet “Invest in Dogecoin(It is a cryptocurrency like bitcoin)”. Before that tweet, the dogecoin rate is 4.23 INR per coin but after a couple of weeks tweet dogecoin starts increasing and within a month it reaches 36.6934 INR means which increases by almost 900%. Can u believe it?

That’s the magic of Elon Musk or dogecoin or miracle with investors of dogecoin.

 

Ways of investing

Their ways of investing in India are online apps like Coinswitch, WazirX, Nexo or Others available in PlaysStore.

*This is not a promoted post.

 

Cryptocurrencies

There are many cryptocurrencies other than Bitcoin. Bitcoin is one of the famous cryptos because of its consistently increasing rate but not only.

Bitcoin, Ethereum, Dogecoin, Metal, Ripple, Status, tera, Uniswap, or many others Crypto where you can invest in crypto by your INR.

If you have any crypto-related queries put them down in the comment box. I’ll solve it.

Thanks for reading