For we Indians, cryptocurrency is still a fancy and people are following a blind faith, take my words. Let me tell you that cryptocurrency is neither legal nor illegal in India.
Being de-centralized, Bitcoin and other alt coins are not regulated in any form of business. But without risk there is hardly any benefit. Even Amitabh Bachchan is an investor of Bitcoin since Let talk about Pros and Cons.
Crypto trader Niket Singla says that this is result of listing Bitcoin Cash at Coinbase for trading and exchange. For many a quick return of investment is good enough. Observe smartly and sell them off. Now see the difference in personality, at least 5—10 times up. After completing survey on bitcoin investment pros and cons exchanges in India, income tax department of India is all set to issue notice to 4 to 5 lakh high networth individuals HNI across the country out of all who were trading on the exchanges in Bitcoin and other unregulated virtual currencies.
Cons- In comparison of Pros, cons could be fatal if crytopcurrency trade and exchange platform could not support honestly. That feeling can numb you and you will no where on this earth, directionless. Before this survey, RBI has been issuing regular caution to alert common people to stay away from crypto but soaring price of virtual currencies has pulled lot of people.
Being a de-centralized entity, cryptocurrency, govt. The above is not illogical. People are on their own risk and mercy of market manipulators or they are well know as sharks in cryptoworld. Anytime they can pump a coin to moon or dump a coin to bloody red.
What are the pros and cons for an Indian to invest in Bitcoins! There are some serious threats that can not be ignored like- These exchanges can stop trading and withdrawal anytime without any prior intimation. As bitcoin investment pros and cons are not regulated then govt can not bitcoin investment pros and cons any action against them.
A quick panic may create in public if they feel their money stuck. Authors get paid when people like you upvote their post.
Although the Crypto Ping service is free to try at the moemnt it is also in the process of running an. Thank you for tuning in. 5 points) on an intraday basis in the Average's history.