Crypto Investing: Keep these things in mind before investing in BitCoin, experts gave special tips to investors through webinar

Crypto Investing: Keep these things in mind before investing in BitCoin, experts gave special tips to investors through webinar

Crypto Investing: Keep these things in mind before investing in BitCoin, experts gave special tips to investors through webinar

Crypto Investing: There is still policy uncertainty regarding cryptocurrencies like Bitcoin, but the attractiveness of investing in it remains.  In such a situation, it is important to consider some things regarding investment. The Financial

Crypto Investing: Keep these things in mind before investing in BitCoin, experts gave special tips to investors through webinar

Crypto Investing: There is still policy uncertainty regarding cryptocurrencies like Bitcoin, but the attractiveness of investing in it remains.  In such a situation, it is important to consider some things regarding investment.

 Managing Crypto currency What should investors do in a volatile market amid policy uncertainty

Crypto Investing: There is still policy uncertainty regarding cryptocurrencies like Bitcoin, but the attractiveness of investing in it remains.  In such a situation, it is important to consider some things regarding investment.

Crypto Investing: There is still policy uncertainty regarding cryptocurrencies like Bitcoin, but the attractiveness of investing in it remains.  In such a situation, it is important to consider some things about investment, such as how much should be kept in your portfolio.

To answer questions related to investing in crypto,

conducted a ‘Manage Your Money’ webinar on December 22 on the topic ‘Crypto as an asset class’ in which experts suggested that investors should share crypto in their portfolio in the current situation.  Maximum 5-10 percent should be kept.  He advised investors to invest in crypto only at the risk of losing the entire money.

Experts said that the situation on investment in crypto will become more clear after the government policy comes.  The Modi government was about to bring a bill regarding cryptocurrencies in the winter session itself, but according to recent reports, the government may bring a bill in the upcoming budget session to regulate cryptocurrencies and crypto exchanges. Advice on investing after crypto policy comes

On the question of inclusion of cryptocurrencies in the portfolio, IIFL Deputy Vice President and Strategy Head Yash Upadhyay said that if the Government of India and market regulator SEBI starts regulating it, then investors must invest in crypto as an asset class.  According to Yash, 5-10 percent of the portfolio should be crypto.

 Keep these things in mind before investing

According to Yash, one should consider blue chip crypto assets while investing in crypto for the first time.  Their market cap is high i.e. when investors sell their crypto holdings, they will easily get its customers.

Investors should not make crypto buying and selling decisions based on the advice of social media like Reddit, Twitter and other influencers.

According to Minal Thukral, Executive Vice President (Growth & Strategy), CoinDCX, one should find the answer before investing as to why to invest in crypto.  If you want to invest immediately for profit, then the possibility of loss increases.  Minal advises investors to invest in crypto for a long time and start with 2-5 percent capital initially and then invest regularly.

 Choose a trusted exchange to invest in crypto,

according to Meenal, trusted exchanges list a coin on their platform only after due diligence, which reduces the risk of investors.

Investors should also look at the range of tokens available in the crypto asset.  As with many crypto assets like bitcoin, the supply is limited but Dogecoin has no maximum limit.

Apart from the coin supply, investors should also consider its credibility and its founders before investing.

What is the future of crypto?

According to experts, at present, nothing can be said clearly about the future of the crypto market.  According to Yash, crypto can become stronger in the long term.  However, he has advised investors to avoid investing too much capital in crypto for now and also look at options like SIP (Systematic Investment Plan).  According to Minal, investing through SIP will also help in reducing the risk associated with huge fluctuations in the price of crypto.

 Where to hold cryptocurrency?

According to Minal, if you want to invest in cryptocurrencies for a long time, then you should look at the hardware assets to store your crypto assets.  However, if you are investing for short term or small capital then a reliable exchange would be a better option.

According to Minal, if the portfolio is small, then there is no need to move crypto assets from exchange wallet to hardware wallet as there is a fixed fee involved in this transfer.  However, if the capital invested in crypto is high then it is better to transfer it.

According to Meenal, the transaction charge for transfer from one wallet to another is fixed.

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