Cryptocurrency vs INDIA

Hello visitor,
Greetings from Kunal
Now talking about the most trending financial topic nowadays i.e. "Cryptocurrency".
If you are NOT familiar with the term "Cryptocurrency", go through this link. 

Mostly, when we think about cryptocurrencies, the common thinking goes like"I have already missed bitcoin but I will purchase etherium, ripple or stellar at dirt cheap and will make loads of money."
BUT, wait, there's more to the picture except huge profits and sky hiking values. Before you  invest blindly into some new flashy currency to start up in this micro share market, you must be familiar with the all the aspects of it.and that's what you're gonna get to know in this bite size article.

One should also be familiar with the security and the blockchains used.
Also which coin to buy and the right time for buying also have great significance.
Now our main discussion point is Cryptocurrency in India:   In India,the seen in unclear about crypto but still a major portion in India had invested  in Bitcoin and are also getting benefitted(Yes coz they are short term buyers i.e. purchase at low and now selling at high)
So according to me and sources, we can take a chance by buying crypto in India as it is not illegal or banned so the rumors claiming that bitcoin or cryptos have been banned in India are fake.

Also we should consider our Finance Minister Mr. Jaitley's statement about cryptocurrencies.
Here's the link for it.

Check out this video for the Government's latest bill about chitfunds and unauthorised transactions

Here are the things to be cleared or examined before buying a cryptocurrency:-

1. Confirm that the crypto is legal or not.

2. Now check well that it is legal in your country(currently i will consider INDIA).

3. Don't invest blindly,see the trends,charts(the graph of up and down datewise).

4. Always buy from a trusted exchange site like Zebpay,Coininfo,Unocoin(Zebpay is most trusted).
 


                                                              CONCLUSION

Now it doesn't mean that we should not invest in cryptos, infact I am also planning to buy some "STELLAR LUMENS". 
Invest in it but be careful and the main thing is investing according to the charts and trends.
Also before purchasing please read RBI's guidelines and confirm that it is safe to buy and then go! go! go!.
If you have any kind of doubt,feel free to comment below.

Thanks for reading