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Bitcoin Vs Mutual Funds: What Is Better To Invest In?

Bitcoin Vs Mutual Funds: What Is Better To Invest In?

Home Blog Mutual Funds Basics Mutual Funds vs X Bitcoin vs Mutual Funds: What is Better to Invest in? Bitcoin vs Mutual Funds: What is Better to Invest in? Create free account to start investing in mutual funds Cryptocurrencies also known as digital currency are known as lines of computer code that hold monetary value. Governments have no control over the creation of cryptocurrencies, which is what initially made them so popular. Most cryptocurrencies begin with a market cap in mind, which means that their production will decrease over time thus, ideally, making any particular coin more valuable in the future. Bitcoin was the first cryptocurrency ever invented in 2009 by a developer named Satoshi Nakamoto. Other coins created post it are called altcoins and are named as Ethereum, Litecoin, Peercoin, Feathercoin. Bitcoin can be stored on a persons computer hardware that is offline and this is referred to as cold storage. The currency can also be stored online which is referred to as hot storage (the risk is high of being stolen). Mutual funds work in a way as investment vehicles where many investors pool in their money and this money then is invested into various financial instruments such as stocks, shares of companies, bonds and debt instruments which will generate more wealth depending on the market situations. Mutual funds are managed by fund manager as to where the money needs to be invested and what will bring more profits. Certain regulations by the government to come into the picture when returns need to be taxed and there are various sections which govern these regulations. How to Invest in Bitcoin and Mutual Funds? There are 2 ways to make investments in bitcoins Buy BTC(Bitcoin) and hold them until you make profit and simply sell them. This can be done throug Continue reading >>

India Warns On Bitcoin As Investors Rush In

India Warns On Bitcoin As Investors Rush In

India warns on Bitcoin as investors rush in These are external links and will open in a new window The digital currency Bitcoin is rallying at phenomenal speed, leaving many high and others dry in markets around the world. But why are prices higher in India than elsewhere? The BBC's Devina Gupta explains. While the Bitcoin bull run has been welcomed by many, financial regulators in emerging economies are still trying to find a way to understand it. The central bank of China has shut down Bitcoin exchanges in the country. Indonesia and Bangladesh have banned its use as a payment tool. In India the government has made it clear that, while it doesn't recognise Bitcoin as "legal tender" like paper money, there are no guidelines on Bitcoin trading. In the absence of any specific legal framework, online Bitcoin trading platforms are operating freely, even as the Indian central bank is getting jittery. It has issued its third warning this week, cautioning "users, holders and traders of virtual currencies including Bitcoin" of "economic, financial, operational, legal, consumer protection and security-related risks". Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices. There are at least 11 Indian Bitcoin trading platforms online which claim that about 30,000 customers are actively trading at any given point of time. With a simple click, an investor can open an account and choose whether to purchase an entire Bitcoin or a fraction to trade with. There are two key traits of Bitcoin: it is digital and it is seen as an alternative currency. Unlike the notes or coins in your pocket, it largely exists online. Secondly, Bitcoin is not printed by governments or traditional banks. A small but growing n Continue reading >>

'don't Invest In Bitcoin' Warns Indian Central Bank Despite Surge In Cryptocurrency Value

'don't Invest In Bitcoin' Warns Indian Central Bank Despite Surge In Cryptocurrency Value

Bitcoin could be OVERTAKEN by ethereum, say experts Despite the advice retail investors in the country are rapidly putting their money into Bitcoin, with demand for the currency in India so high it costs 20 per cent more than international prices. There are at least 11 Bitcoin trading platforms in the country with around 30,000 customers around the world actively trading at any given point. The bank has issued three warnings since 2013 about the risks of the cyber money. Last month 26milion disappeared from the Bitcoin exchange Tether. Everything you need to know about bitcoin In a statement the exchange said: We discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker. $30,950,010 was removed from the Tether Treasury wallet on November 19, 2017 and sent to an unauthorised bitcoin address. They added that it would not be possible to redeem any of the stolen tokens. However, hacking is not the only concern those working in the finance sector have about bitcoin. Experts have also advised not to trade in the mysterious online currency due to concerns its rapid growth in value will not last. Nicholas Gregory, CEO of the cryptocurrency business enabler, CommerceBlock, has argued Bitcoin is in a bubble. Continue reading >>

How To Buy Bitcoins In India: A Simple Diy Approach To Bitcoin Investment

How To Buy Bitcoins In India: A Simple Diy Approach To Bitcoin Investment

How to buy Bitcoins in India? If you have asked this question, wondered how to invest in Bitcoins with INR, here is a simple DIY approach. This is not a recommendation to buy bitcoins and I do not hold any. The reason I am writing this is that the bitcoin and cryptocurrency community is filled with unsavoury pump and dump characters who can easily fool and misguide new investors.So I think it is is better for interested new investors to DIY their bitcoinbuying. How to buy Bitcoins in India: 1 who should buy or invest? First of all, this post is not a recommendation to buy bitcoins. I do not hold any and do not intend to. I have written this with inputs from a student at IIT, Madras who values her anonymity. Second of all, I would strongly discourage anyone above the age of 35 to fool around with their hard earned money at this stage in their life. Younger Indians have the youth, and the time to play with Bitcoin. Are you suffering from a fear of missing out? As I have explained here, there is no need for that: If Bitcoin becomes expensive and popular in future, should I buy some now?! (it has become expensive since I wrote that, but that does not matter). How to buy Bitcoins in India: 2 Buy for the right reasons The reason I read about bitcoins and write about it as often as I can is that I desire to learn new technology. Otherwise, the world will bulldoze us aside. One does not need to buy to learn, but if you must invest, then do so because you wish to understand the technology and think it can change the way you operate. Do not buy because of fear, do not buy because of greed. It can blind you. How to buy Bitcoins in India: 3 Small capital, small dreams If you wish to buy bitcoins do so with money that you can afford to lose completely. Put some money and leave it a Continue reading >>

The Risks And Thrill Of Investing In Bitcoins In India

The Risks And Thrill Of Investing In Bitcoins In India

The bitcoin bubble may well get much larger until there is clarity on its use as a currency. On Tuesday, the Reserve Bank of India (RBI) issued its third warning about trading in virtual currencies such as bitcoin. On Wednesday, the price of one bitcoin hit a new high of $12,000 in the US. Not that anyone expected RBIs warnings to cause a dent in appetite for bitcoins. China went much further and banned cryptocurrency exchanges earlier this year, but trading moved to over-the-counter platforms, and the ban caused only a temporary blip in the bitcoin rally. The irony is that the more bitcoin rallies, the more people it draws into the rally, regardless of the fact that heavyweights such as investor Warren Buffett and Nobel laureate Robert Shiller have called it a bubble. Supporters of virtual currencies are betting that they will ultimately be accepted as alternative currencies, making them immensely valuable, especially since supply of the currency is limited by design. The bitcoin bubble may well get much larger until there is clarity on its use as a currency. For now, multiple hacks, thefts and scams havent taken away anything from the charm of trading in bitcoins. The number of new users is doubling every three-four months on Indian trading platforms. In fact, in India, the rush for bitcoins has outpaced supply by a wide margin. As a result, there is a mark-up of around 15-20% to the international price; the price of one bitcoin hovered around Rs9 lakh on the Coinsecure platform on Wednesday at the time of writing. Given the stupendous rise in the price of bitcoin this yearit was at less than $1,000 at the start of the yeareven staunch supporters now use the following caveat, Only invest money you can afford to lose. In other words, risks associated with this form of Continue reading >>

Bitcoin Investments New Attraction For Indians, Say Experts

Bitcoin Investments New Attraction For Indians, Say Experts

Bitcoin investments new attraction for Indians, say experts Acquiring bitcoins is hassle-free as several market places called "bitcoin exchanges" allow people to buy or sell it using different currencies. NEW DELHI: Experts involved or associated with the Bitcoin industry, maintain that it has emerged as a new attraction for Indians who are keen to augment their wealth, notwithstanding calls issued by the Supreme Court to the Reserve Bank of India (RBI) to put in place effective regulatory mechanisms to prevent money laundering in any form. Commenting on the thriving bitcoin scene in India, Zebpay co-founder Sandeep Goenka said, "Investing in bitcoin has emerged as a significant trend in the past few months. We have enabled Indians to buy an international asset in a large scale and help them contribute to increase in wealth." According to Goenka and others involved in this industry, the key benefits that most Indians see are as follows: According to leading crypto-currency exchanges in India, crypto-currency is gaining popularity, primarily as a financial asset. Many bitcoin startups in India believe remittances are a huge potential market for them Bitcoin transactions are more economical than digital transfers. Bitcoin allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties. Despite an 8.9 percent drop in 2016, India has retained its position as a top receiver of bitcoin-related remittances worldwide, as per a World Bank report. EthXpay co-founder Subharansh Rai said, "Bitcoin makes payments fast and inexpensive. Payment portals, like banks, levy transaction charges on beneficiaries. With bitcoin, there are no overhead costs or extra charges, making it a more appealing form of payment as workers ge Continue reading >>

How To Invest In Bitcoin In India | Bitcoin Investment Using Zebpay

How To Invest In Bitcoin In India | Bitcoin Investment Using Zebpay

How to Invest in Bitcoin in India | Bitcoin Investment using ZebPay 2 Comments on How to Invest in Bitcoin in India | Bitcoin Investment using ZebPay Bitcoin ! Bitcoin ! Bitcoin ! Now it seems like the whole world is crazy for Bitcoins. And the reason is obvious, i.e sudden growth in Bitcoin prices. In one month Bitcoin prices has been doubled and touched 18000 USD mark from previous months 9000 USD mark. Means the person who have invested 9000 USD in Bitcoin just received 100% profit. Its insane isnt it? India is one of the biggest investment and consumer market, So undoubtedly she cant lag behind in the crazy Bitcoin race. Google reported that How to Invest in Bitcoin in India is trending in all over India, means millions of Indians are giving their interest to know how to invest in Bitcoin. Lot of people are asking in thousands of forums Is Bitcoin India legal ? , How to transfer Bitcoin to Indian bank account, etc. So is there any legal process to invest Bitcoin in India? Answer is Yes. There are several wallets by using which you can invest in Bitcoin India. ZebPay, UnoCoin, Luno, Coin Secure etc. How to Invest in Bitcoin in India / Bitcoin Investment using ZebPay As I told there are several Bitcoin wallets that allow Bitcoin transaction under RBI guidelines, but among all, the most popular is ZebPay. Its totally secure and follow all the Bitcoin India RBI guidelines. To get started follow the below steps. Download their Android /iOS app and signup using your mobile phone number Verify your Aadhaar Card, Pan Card followed by your Bank account The verification takes Maximum 2 business days. Once verified you can start your Bitcoin transaction To purchase Bitcoins you need to deposit some amount to your ZebPay Wallet You can deposit using IMPS/ RTGS/ NEFT from your Continue reading >>

Planning To Invest In Bitcoin? Here's Why You Need To Be Careful

Planning To Invest In Bitcoin? Here's Why You Need To Be Careful

Jyoti Gupta, 30, is a homemaker. She used to work as a real estate agent until slowdown hit the industry. While she was struggling to make ends meet, Bitcoins caught her fancy. Given the digital currency's speculative nature, she earned good returns in a short period. "I have made good money over the past one year. I will continue to invest in Bitcoin," she says. Many people in India have started buying and selling crypto currencies, a digital currency where encryption techniques are used to regulate the generation of units and verify transfer of funds. These operate independently of a central bank. India has over one million Bitcoin users; the country accounts for almost 10 per cent trading in volume terms. According to a recent report by PHDCCI, combined trading volumes in India could be in the range of Rs 200-250 crore per month. Trading in crypto, or virtual, currencies has surged due to extraordinary returns. For example, Bitcoin, the oldest and the most popular virtual currency, has given 30 times returns over the past four years. The value of the currency surged from $100 in June 2013 to $3,025 in June 2017. Similarly, Ripple, a crypto currency based on inter-bank settlements, has given 200 per cent returns over the past three months ended July 31. The other reason for such an increase in volumes is the low returns given by other asset classes such as real estate, fixed deposits and gold. While awareness about Bitcoin and altcoins (virtual currencies other than Bitcoin) has been rising, for investors, there are several concerns that they should be aware about. For example, Bitcoins are not backed by any tangible asset but sheer demand. Unlike other investments, there is no underlying asset; its value is measured by just demand and supply. Moreover, there is a lo Continue reading >>

Afraid To Invest In Bitcoin? Unocoins Sip Plan Might Help

Afraid To Invest In Bitcoin? Unocoins Sip Plan Might Help

Afraid to invest in bitcoin? Unocoins SIP plan might help Youve heard of investing in mutual funds via systematic investment plans. Heres how you can do an SIP in bitcoins. Once a subject ofscepticism because of being decentralised and independent of any central authority, the cryptocurrency bitcoin has gained more acceptance by governments and people alike. Despite the growing talk surrounding the digital currency, it still remains a mystery for many and the volatility in its price does not make it a lucrative investment. Bangalore-based startup bitcoin trading platform, Unocoin, launched itsfull-featured mobile bitcoin app, with 24/7 access to real-time bitcoin market prices and instantaneous trading transactions on November 28. Whats even better is it also provides asystematic investment plan (SIP) to buy bitcoins. As is known, SIPs are a conservative way to make any investment, compared to investing in one go. The feature, accessible through the app as well on Unocoins website, can be used to average out the price volatility of bitcoin, similar to how it can be used to buy mutual fund units. Using the apps wallet, one can start with as less as Rs 50 per interval. This feature helps with financial discipline by averaging out your cost and thereby reducing risk and resulting in generating better returns, Sathvik Vishwanath, CEO and Co-Founder of Unocoin, told Moneycontrol in an interview. Theinvestment method holds the potential to spark a majorinterest rush in the cryptic currency, not least because the governments demonetisation drive has triggered a hunt for alternative, safer currencies and asset classes. Since the cash ban, demand for bitcoins surged through the roof. Vishwanath says the currency attracted a highest of 35 percent premium. With the recent rally i Continue reading >>

4 Powerful Bitcoin Investing Tips In India: Investment Strategy That You Mustfollow

4 Powerful Bitcoin Investing Tips In India: Investment Strategy That You Mustfollow

4 powerful Bitcoin investing tips in India: Investment strategy that you mustfollow 4 powerful Bitcoin investing tips in India: Investment strategy that you mustfollow With the increasing reliance on the Internet, Bitcoin is gradually, yet assuredly, gaining the interest of a number of investors. A lack of awareness about technology and the functionalities of digital currencies increases the risk of being duped by scams and third-party companies. Aadhaar card status: To crack down against annoying calls, website launched; 1,000 emails received in just 3 hrs Bitcoin is the digital cryptocurrency that you may have been hearing about since years, but may not have invested in one yet. Youll be surprised to know that even though it was introduced way back in 2009, less than 1% of global population is familiar with Bitcoin and its working. As mentioned earlier, Bitcoin was introduced in 2009 by an unknown person or group with a pseudonym Satoshi Nakamoto. It is a digital decentralised currency protected with layers of encryption and can be used to merchandise through a peer-to-peer network. Like gold, it needs to be mined. However, it is much more scarce, portable, durable, divisible and storable. These properties make it one of the ideal forms of money imaginable. With the increasing reliance on the Internet, this virtual currency is gradually, yet assuredly, gaining the interest of a number of investors. Investment in Bitcoin serves as an excellent opportunity to delve into a completely new asset class. In the current scenario, people are now much more inclined to invest in Bitcoin as the potential return rate is much higher than in other assets like real estate, gold etc. That being said, here are 4 things you must know before you invest in Bitcoin: There is an upper cap Continue reading >>

How To Start Investing In Bitcoins The Beginners Guide

How To Start Investing In Bitcoins The Beginners Guide

The best time to plant a tree was 20 years ago. The second best time is now. This advice in an old Chinese proverb is most apt for the users planning to invest in Bitcoins. If you are someone who has heard about Bitcoin , irrespective of when, but have never invested in it, NOW is the right time. Bitcoin, a digital decentralized currency based on Blockchain, is going places. Once you know how Bitcoin works, it is a no-brainer to understand that Bitcoin is here to stay. If we try to understand the technology and its underlying principles, it is right to say that the price will keep rising over the years to come. One of the major reasons for the claim is the finite amount of Bitcoins, making it a great store of value (only 21 millions Bitcoins) and viral adoption around the globe. If you are ready and excited to purchase Bitcoins, this guide will help you get started with Bitcoin investment. Treat this as a blueprint for Bitcoin investments. Do customize it according to your current financial situation that suits your needs. Here is what you need to start investing in Bitcoins: These two are must-haves to get started with. Under no circumstances should you miss the understanding of the correct website and a safe wallet, or you might fall prey to some MLM (Multi-level Marketing) or scam, resulting in losses. What you need to understand is Bitcoin is like keeping money with you. Unlike USD, INR or other currencies that you keep in the bank, Bitcoin is different. And you are responsible for buying, selling and securely storing it. I have talked about these in my earlier guide here. For now, lets discuss point #1 and #2. In the coming days, I will also talk about the amount of money you should invest in Bitcoin. What do you need to start investing in Bitcoins? #1 Exchange fr Continue reading >>

The Bitcoin Boom Is Drawing Indian Investors Like Never Before Quartz

The Bitcoin Boom Is Drawing Indian Investors Like Never Before Quartz

Even conservative Indian investors cant seem to resist the bitcoin price boom. As the value of the cryptocurrency breached the $11,000 per bitcoin mark on Nov. 29effectively doubling within a single monthvirtual currency exchanges in the country say that the number of registrations to buy bitcoins has jumped. This, despite the murmurs that Indias central bank could potentially declare bitcoin and its ilk illegal in India. It took us about three years to gather one lakh (100,000) registered customers and in last one month itself we have seen about 2 lakh (200,000) customers registering with us, said Sathvik Vishwanath, co-founder and CEO of Unocoin, a bitcoin exchange. The obvious trigger is the price: On Nov. 01, the price of a bitcoin in India was Rs459,047 ($7,124), which sharply moved up to Rs860,049 by Nov. 29. Its a similar story at other cryptocurrency exchanges in the country. The extent of interest in bitcoins is at unprecedented levels, said Sandeep Goenka, co-founder of Zebpay, a bitcoin exchange. Every time prices increase, investors who were sitting on the fence and were skeptical do enter the ecosystem. Zebpay says that lately it has been adding between 300,000 and 400,000 users every month on its exchange, compared to about 150,000 users in June and July. This time it almost feels like mainstream adoption, something I have never experienced before, because now we are seeing interest coming in from even the conservative investors, Goenka added. An inexperienced bitcoin investor typically starts by investing smaller amounts, between Rs500 and Rs1,000, say experts. In comparison, seasoned investors are betting between Rs2 lakh and Rs5 lakh in bitcoin. And these investors are not just limited to metros, but are also coming from smaller towns nationwide. How l Continue reading >>

India Warns Against Investing In Crypto Cash Like Bitcoin, Compares Them To Ponzi Schemes

India Warns Against Investing In Crypto Cash Like Bitcoin, Compares Them To Ponzi Schemes

Notice: unserialize(): Error at offset 3144143 of 7750601 bytes in _dmemcache_get_pieces() (line 340 of /var/www/html/releases/20180327012553/www/sites/all/modules/contrib/memcache/dmemcache.inc). India warns against investing in crypto cash like bitcoin, compares them to Ponzi schemes Despite a boom in trade that has seen prices soar, cryptocurrencies "don't have intrinsic value and are not backed by any kind of assets," the Indian finance ministry said in a statement. PHOTO: EPA-EFE NEW DELHI (AFP) - India warned on Friday (Dec 29) against investing in cryptocurrencies including bitcoin, likening them to "Ponzi schemes", as it became the latest country to urge caution. Despite a boom in trade that has seen prices soar, cryptocurrencies "don't have intrinsic value and are not backed by any kind of assets," the Indian finance ministry said in a statement. "There is a real and heightened risk of investment bubble of the type seen in Ponzi schemes which can result in sudden and prolonged crash," it said. Bitcoin prices plunged by almost 40 per cent from its record high of US$19,500 this month as investors cashed out following the wildly volatile currency's stratospheric rise. Analysts and governments have repeatedly warned about a bubble that could burst at any moment as investors, many inexperienced, piled into the currency. India's government said consumers needed to be "extremely cautious as to avoid getting trapped in such Ponzi schemes". Its warning came a day after South Korea, a hotbed for cryptocurrency trading, said it would ban anonymous trading of virtual currencies. On Tuesday Israel announced a move to ban trading in cryptocurrency-based companies on the Tel Aviv market until it can regulate transactions involving digital coins. The vice-president of the Eur Continue reading >>

How This Delhi Dude Invested 6.3 Lakh In Bitcoin And Made 90 Lakh In Less Than A Year

How This Delhi Dude Invested 6.3 Lakh In Bitcoin And Made 90 Lakh In Less Than A Year

How this Delhi dude invested 6.3 lakh in Bitcoin and made 90 lakh in less than a year The incredible success story of a guy who bought Bitcoin with his bonus Youve probably already readabout Bitcoins meteoric rise over the years . In fact, thats all anyone can talk about today. But if you regret not having invested a mere 386 in bitcoin way back in 2010 (in which case youd be swimming in cash right now), its never too late to invest in the promising cryptocurrency. Case in point, a Delhi manwho invested a total amount of 6.3 lakh in Bitcoin atthe beginning of 2017. Less than a year later, the gentleman who has chosen to remain anonymous, has made close to a crore! I had heard of Bitcoin back in 2009 but I only ended up investing in it earlier this year, he told us over the phone.Except for the fact that I could end up losing all the money I would invest, I had no apprehensions as such, he jokes, Either my investment would be zero or I would become rich. So, after receiving his annual bonus in late 2016, this MD of a German multinational firmdecided to invest in something hednever consideredbefore: Bitcoin. I had no idea what Bitcoin was or how it could be bought, he says.After some research I discovered I could either mine them or buy them. Mining today tends to be tad difficult and more expensive.So I decided to just buy Bitcoin instead attrading exchanges such as Unocoin, Zebpay etc. When I finally ended up buying my first Bitcoin, it was already end of January 2017 and one Bitcoin was trading at about65,000. He reveals that he purchased nine bitcoins in total. I must confessthe investment was a bit of an impulsive purchase. The first Bitcoin cost me about65,000 and when I saw the rate increasing, after I bought another five unitsfollowed by three more. I made these Continue reading >>

How To Buy And Sell Bitcoins? Are Bitcoins Legal In India?

How To Buy And Sell Bitcoins? Are Bitcoins Legal In India?

How to buy and sell bitcoins? Are bitcoins legal in India? Karan Dhar Last Updated:December 19, 2017 |16:58 IST With a 300 per cent increase in its value in just one year, Bitcoins could well be the kind of investment you may be looking for. However, in spite of all the curiosity, many of us have wondered if it is safe to buy, store and sell bitcoins in India. In the news recently for being the only payment method to pay ransoms to WannaCry attackers, Bitcoins can be used for a host of other things. And countries such as Japan and South Korea are leading the way. One of Japan's biggest electronics retailers, Bic Camera, began accepting bitcoin at two stores in Tokyo last month. Another Japanese firm, Recruit Lifestyle announced it will add bitcoin acceptance to its mobile point of sale tool AirRegi, which is used in 260,000 merchant and restaurant locations across Japan. Unlike paper currencies, Bitcoins cannot be minted, they can only be mined. There are only 21 million bitcoins that have been created. At present, only 16.8 million or 80 per cent of all the bitcoins have been mined. You can look for various digital currency exchanges to buy bitcoin. You can purchase Bitcoins with a credit card. Coinbase.com and Coindesk.com are the most popular exchanges. They also offer tutorials on digital currencies. In India, you can purchase Bitcoin from Zebpay exchange. Zebpay has Android and iPhone app which lets you link your bank account for quick transfers. You can buy Bitcoins by making a payment to Zebpay's bank account. You can also withdraw the money to your bank account, and track data on Bitcoin valuation in the country. There is a KYC requirement and you need to verify your ID by simply clicking a photo of your PAN card. Unocoin, another India-based exchange, lets you Continue reading >>

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