Is Bitcoin Safe To Invest In India: Do you know that in our country India which have 1.3 billion population but only 18-30 million are doing investments in like stocks, Liquid funds, Cryptocurrency and in many other investment options available there which is low but the numbers of inventors in Indian is growing day by day very rapidly. Out of these investment options these days you might hear about Bitcoins. Do you know what is bitcoin? or Is bitcoin safe to invest in in India?
Is Bitcoin Safe To Invest In India
Let’s take a look at Bitcoin Basically Bitcoin is a cryptocurrency or you can also say that bitcoin is a digital currency that was discovered in January 2009.
Do you know, Bitcoin is the world’s oldest and the biggest digital asset now?
Price of Bitcoin to know is bitcoin safe to invest in India and profitable
The day when bitcoin was first introduced in this world or you can say in the investment market then the value of 1 Bitcoin is 0$ yes ZERO INR. And after 2 years on February 9 of 2011, this coin hit the price of 1$ for the first time in the investment market. But but but can you believe this when bitcoin hits 1$ for the first time and now today in 2021 almost after 10 years the current price of 1 Bitcoin in Indian Rupees is more than 26 Lakhs INR.
If you want to check the current price of Bitcoin in any currency them click here. Yes, this is called bitcoin the world’s oldest and the biggest digital asset. If you will put your money in the bank for making interest yearly then you can get only like 6-7.5 % profit, if you will put your money in stocks like Tata, Reliance and many others stocks then you can make profit like 20-30% profit but if you will put your money in bitcoins then you can make profit like even 80% to 800% yearly but there is a risk.
Is investing in bitcoin is Risky?
Yes, of course investing in bitcoin is way riskier than stocks or liquid funds. On one hand, if you can make a 200% profit in a month then on other hand you may have to face some losses sometimes big or sometimes small money loss.
Is bitcoin safe to invest in india?
After reading a few statements from the Indian government now it seems like our Indian government doesn’t support cryptocurrency that much but currently it’s now banned in India so you can make a profit by investing in bitcoin in India.
How to invest in Bitcoin in India?
If you want to invest in Bitcoin from India with INR then you can use Coinswitch App available on Playstore. Easy to use and allow you to start your Investment with only 100 INR.
My opinion on Is bitcoin safe to invest in india?
The look is you want to do investment for short time then you should have to try bitcoin once or if you want to do longtime investment then I will suggest you invest in Stock Market (less Risky)