Cryptocurrency: Is it safe should I invest, current market analysis, Future of Crypto (all explained)

Cryptocurrency first this term “Cryptocurrency” splits “Crypto” means “Virtual” or “Digital” and “currency” as you alll know currency means a mean of exchange which has some value and you can do trade with it ‘or’ you can exchange some goods with it.

 Is cryptocurrency ban in India :

No, Cryptocurrency is totally legal in India. As it was banned by Supreme Court of India before but now it is totally legal and Govt. is not going to ban it suddenly they also know that people have invested their life saving in crypto. In fact Govt. is planning to launch it’s own cryptocurrency.

Is Cryptocurrency Risky??

Yes, before investing you should know it clearly crypto market is very volatile and much much riskier than Stock Market or investing in Communities or bond, etc.

Cryptocurrency is volatile market because of it has no time limit just like stock market from 10:00 am to 3:00 pm. Since trade is going on in multiple thousands times of fraction of second and 24 hours a day continuous.

Crypto market is as risky as your all invested value in Cryptocurrency can be zero with your invested amount and profit. But obvious huge profit comes by taking huge risks.

As you have step foot in Crypto world you should know one thing that here, you have to keep much patience and mentally be prepare that you will lose your money. Always invest a small amount of your asset / savings since i mentioned earlier that it’s volatile market.

My OPINIONS on Cryptocurrency!!

• Yes crypto market is highly volatile. Have patience and be hard hearted during investment.
• According to me you should practice with small amount for at-least 1-2 months.
• You should invest small amount of your savings which if lost doesn’t put burdun on you. Yaa I know that a small amount of money if lost it also feels but take it with a pinch of salt.
• Since volatile market as soon as your money increases it may be decrease much faster than it.
• Never take loan/rent to invest in crypto.

Two types of investing in Crypto??

Yaa their is two type of investing in crypto according to me which I have personally tested.

Type First :

Take a well named cryptocurrency which is strong enough to sustain years such as Bitcoin , Ethereum etc etc. which has a strong market value and put a amount of money and sit back for long term like 6 months or for a whole year or two. You will definitely get returns but it will much less than second one but here you will definitely get the return.

Type Second :

This type is for risk takers here you have to be much much strong hearted and it’s very risky. It will look like a gambling but here’s a small difference which make it much different from gambling. In gambling you predict according to situation and here you calculate with the present fact’s , data and charts.

Here you have to calculate and predict any crypto that may go high with approx ten percent of current value or according to you and crypto which have been crashed strongly buy it because it’s a great deal for profit. Now here two things will occur either you lose a little or either you gain much much profit in short time period.

As soon as your “X” amount invested grow above 8-10% pull out your “X” amount only and sit back fearlessly since your invested amount have been recovered. Now let your profit grow it will provide 8-10% of your amount and now value increases on your profit amount.

Here don’t be greedy that why to pull out your money let it grow more….

Note down this “In crypto market as soon as the value of crypto goes up multiple time of it decreases”

My Personal Experience :

I am not any financial advisor but in few months i have tried much things in crypto market and not by just researching i lost most money gained more but firstly you should have your own trust on your crypto by this you will be hard heated and you will manage panic of market crash.

Second type of investing is my favourite or you can say I want to learn more in crypto field and second one helps me.

Once I invested some amount and it grew and I sell with 11% profit. I feel much happy as my first crypto earning it was but on next day i felt i sold it in hurry because if i have hold it just 11 more hours it would have been grow upto 57% .

And Once I invested and my portfolio of that crypto have been in 47% in negative you can sell here in panic as you losted almost half your money. But I have faith on my money and I hold on approx 13-14 days it has given 13% return.

Overall I have made a profit of approx 18-20% in my portfolio but since I learn many things not just by research and knowledge I invest money and then try so I losted some of them too… Then also I am in profit and I believe my current portfolio will give me approx 30-50% of return in approx one and half month.

NOTE : Not a financial adviser  ||  I have just discussed my opinions and experiences of Crypto Market  ||  YOUR MONEY , YOUR INVESTING

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