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Is it beneficial to invest in Crypto?

25 May 2021

Since the increase in the popularity of cryptocurrencies and the decrease in the price of the same; is it wise to invest in crypto now? Do you think it has a future?

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9 Replies

Sravan Reddy G (CA) (618 Points)
Replied 25 May 2021

Https://www.caclubindia.com/articles/details.asp?mod_id=44805

my article

1 Like

Prachi Bansal (3124 Points)
Replied 26 May 2021

Thanks for the article recommendation. It was quite helpful for me to understand

Akshay Poriya ((artical assistant)) (313 Points)
Replied 11 June 2021

cryptocurrency is the virtual currency , it can not liquied into the real money , there are so tending to invest in bitcoin but as per my recommendation it is far better invest in stock market rather than bitcoin or any crypto currency. so many counties banned bitcoin so invest in such areas which are safe and rewarding .

Prachi Bansal (3124 Points)
Replied 13 June 2021

but many countries or companies I heard are also taking payments in the form of crypto. And people say the value of crypto may grow massive in the future

Akshay Poriya ((artical assistant)) (313 Points)
Replied 13 June 2021

it is all depending upon your risk taking ability and indepth knowledge as a i heard tesla global company taking partial payment of car in the terms of bitcoin, as per my personal openion not to invest in such a things which are not providing safety securites and satisfaction of your hard money,

Prachi Bansal (3124 Points)
Replied 15 June 2021

Even I heard about tesla accepting payment as a form of bitcoin. It is a tricky market though

dohm flame (2 Points)
Replied 01 November 2021

Yes, yes, yes and yes again! I advise you to explore the cryptocurrency market, bitcoin device and bitcoin tumbler as soon as possible in order to invest safely.

SMIFS LIMITED (35 Points)
Replied 02 November 2021

I think it is still too early to say anything in regards to Crypto, but I am optimistic about it. i think Crypto does serve a function which is to transact with other people without having the Government look through your transactions and finances. At the same time the Crypto space is becoming crowded as more and more cryptos are joining in. The asset is also very volatile. I would suggest you to go in for the long term and only have a small weightage to the crypto. Only go for the established ones and not those stupid meme coins.