Union Budget 2018: The government of India does not consider cyrpto-currencies as legitimate, but it will explore the use of block chain technologies, according to the Finance Minister Arun Jaitely. Government all over the world is showing no mercy to cryptocoins. The Government does not consider cyrpto-currencies as legitimate but will explore the use of blockchain technologies, said Finance Minister Arun Jaitley during his Union Budget 2018. "All crypto currencies, which include bitcoins, are illegal and the government will take all measures to eliminate their use" - Arun Jaitely This statement had a huge impact on Indian crypto market which has a 11% share in World Crypto market. Bitcoin which was trading before the Budget at $10,983 in India is now trading at $9,100 on Indian exchange Zebpay. But i don't think it will put an end to crypto coins in India. The government will come up with some regulations to tackle illegal transactions and tax evasi...
Cryptocurrency market crashed drastically during this week leaving investors in fear. The crash was due to the news of cryptocurrency Ban in South Korea which is one of the largest market of Cryptos. Subsequent to this there was a panic in market which led to a crash of Major Crypto's drastically. Many investor's thought this was the end of digital currency but this was not the Case. According to me those premium currencies were selling at a discounted prices for Big whales to come in and then the rise of dark knight happened. It was followed by a huge boom in the market. Ripple rose by almost 50% in 24 , followed by Omg - 35% and others as well. So the question is " Is it safe to invest now?Will there be an another crash?" I would say No. The market wont crash since many positive news are about to come soon. Like Russia may legalize crypto in Feb, Coinbase may add new currencies which will lead to a boom in the market, Japan's Biggest Bank is going to launch its own cryptocoin, and there are many companies and banks like amazon, western union and other Internet service providers who are likely to adopt block chain Technology. There will never be a ban but the gov may bring regulations in the market to control tax evasion. So you can invest in crypto with no fear. I would suggest you to buy in Dips and sell when the market is Bullish. Since the market is just recovering from the crash you can still take advantage of the Dip and make some money.
Where to Invest?
I would suggest you to invest in XRP, OMG, TRX, STELLAR, ETH CLASSIC to make quick money. Since Bitcoin is at its peak it may take time for the rise in price whereas the other currencies are available at a really low price. Further Cryptos like xrp is being tested by money gram and other Banks so a possible hike is expected. I have personally invested in Omg and xrp.
Disclaimer:
"Don't invest the money that you cant afford to Lose". We donot not guarantee any hikes or trends in the market. These are just predictions on the recent market trends and news. Invest at your own risk.
Where to Invest?
I would suggest you to invest in XRP, OMG, TRX, STELLAR, ETH CLASSIC to make quick money. Since Bitcoin is at its peak it may take time for the rise in price whereas the other currencies are available at a really low price. Further Cryptos like xrp is being tested by money gram and other Banks so a possible hike is expected. I have personally invested in Omg and xrp.
Disclaimer:
"Don't invest the money that you cant afford to Lose". We donot not guarantee any hikes or trends in the market. These are just predictions on the recent market trends and news. Invest at your own risk.
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