Cryptocurrency Market Crash: Is Ethereum a Good Buy Now?

In the last year, the cryptocurrency market has suffered a series of heavy blows from the Chinese government. The market took the hit like a warrior, but the combinations affected many cryptocurrency investors. Poor market performance in 2018 pales in comparison to its stellar thousand percent profits in 2017.

What happened?

Since 2013, the Chinese government has taken steps to regulate the cryptocurrency, but nothing compared to what was imposed in 2017 (See this article for a detailed analysis of the official statement issued by the Chinese government)

2017 was a significant year for the cryptocurrency market with all the attention and growth it has achieved. Extreme price volatility has forced the central bank to take more extreme measures, including a ban on initial coin offerings (ICOs) and restrictions on domestic cryptocurrency exchanges. Shortly afterwards, mines in China were forced to close, citing excessive electricity consumption. Many exchanges and factories moved abroad to evade regulation, but remained accessible to Chinese investors. However, they still have not managed to escape from the claws of the Chinese dragon.

In a recent series of government-led efforts to monitor and ban cryptocurrency trading among Chinese investors, China has expanded its Eagle Eye to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of conducting transactions with foreign cryptocurrencies and related activities are subject to measures ranging from limits on withdrawal limits to freezing accounts. There are even constant rumors among the Chinese community about more extreme measures that need to be imposed on foreign platforms that allow trade between Chinese investors.

“As for whether there will be further regulatory measures, we will have to wait for orders from the higher authorities. Excerpts from an interview with the team leader of the Chinese Public Information Security Supervision Agency at the Ministry of Public Security, February 28

WHY WHY WHY !?

Imagine that your child is investing his savings to invest in a digital product (in this case a cryptocurrency) that has no way to verify its authenticity and value. He or she may get lucky and get rich or lose everything when the crypto-bubble bursts. Now scale this up to millions of Chinese citizens and we are talking about billions of Chinese yuan.

The market is full of scams and pointless ICOs. (I’m sure you’ve heard news of people sending coins to random addresses with the promise of doubling their investments and ICOs that just don’t make sense). Many inexperienced investors are into this for the money and would be no less interested in the technology and innovation behind it. The value of many cryptocurrencies is derived from market speculation. During the crypto boom in 2017, participate in any ICO with a well-known advisor on board, a promising team or decent advertising and you are guaranteed at least 3 times your investment.

The lack of understanding of the company and the technology behind it, combined with the proliferation of ICOs, is a recipe for disaster. Central bank members report that almost 90% of ICOs are fraudulent or involve illegal fundraising. In my opinion, the Chinese government wants to ensure that the cryptocurrency remains “controllable” and is not too big to fail in the Chinese community. China is taking the right steps toward a safer, more regulated world of cryptocurrencies, albeit aggressive and controversial. In fact, it may be the best move the country has taken in decades.

Will China issue an ultimatum and make cryptocurrency illegal? I strongly doubt it, as it is quite pointless to do so. Currently, financial institutions are prohibited from holding any crypto assets, while individuals are allowed but not allowed to engage in any form of trading.

State cryptocurrency exchange?

At the annual “Two Sessions” (named because two major parties – the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPCC) participate in the forum, which takes place in the first week of March. to discuss the latest issues and make the necessary changes to the law.

Wang Pengjie, a member of the NPCC, is working on the prospects of a state-owned digital asset trading platform, as well as initiating blockchain and cryptocurrency education projects in China. However, the proposed platform will require a verified account to allow trading.

“With the establishment of related regulations and the cooperation of the People’s Bank of China (PBoC) and the China Securities Regulatory Commission (CSRC), a regulated and efficient cryptocurrency exchange platform will serve as an official way for companies to raise funds (through ICO) and investors to hold their digital assets and achieve capital appreciation. ”Excerpts from Wang Pengjie’s presentation during the two sessions.

The march to the blockchain nation

Governments and central banks around the world are struggling to cope with the growing popularity of cryptocurrencies; but one thing is for sure, everyone has embraced the blockchain.

Despite the repression against cryptocurrencies, the blockchain is gaining popularity and acceptance at various levels. The Chinese government supports blockchain initiatives and adopts technology. In fact, the People’s Bank of China (PBoC) is working on a digital currency and has made fraudulent transactions with some of the country’s commercial banks. It has not yet been confirmed whether the digital currency will be decentralized and will offer cryptocurrency features such as anonymity and immutability. It will not be a surprise if it turns out to be just a digital Chinese yuan, given that anonymity is the last thing China wants in its country. However, created as a close substitute for the Chinese yuan, the digital currency will be subject to existing monetary policies and laws.

Zhou Xiaochuan, Governor of the People’s Bank of China. Source: CNBC

“Many cryptocurrencies have seen explosive growth that could have a significant negative impact on consumers and retail investors. Interview with Zhou Xiaochuan on Friday, March 9.

In a media appearance on Friday, March 9, the governor of the People’s Bank of China, Zhou Xiaochuan, criticized cryptocurrency projects that used the crypto-boom to cash in and fuel market speculation. He also noted that the development of the digital currency is “technologically inevitable”

At the regional level, many Chinese cities are running blockchain initiatives to promote growth in their region. Hangzhou, known for being Alibaba’s headquarters, has announced blockchain technology as one of the city’s top priorities in 2018. The Chengdu local government has also been asked to build an incubation center to encourage the adoption of blockchain technology in financial services. of the city.

Local conglomerates such as Tencent and Alibaba have also partnered with blockchain companies or initiated projects themselves. Blockchain companies such as VeChain have also provided numerous partnerships with Chinese companies to improve the transparency of the supply chain in China.

All the evidence points to the fact that China works for a blockchain nation. China has always had an open mentality to emerging technologies such as mobile payments and artificial intelligence. From now on, there is no doubt that China will be the first country with an activated blockchain. Will we see the Chinese government back down and let its citizens trade again? Probably when the market is mature and less volatile, but definitely not in 2018.

The world is witnessing a phase of constant change in the economic representation of what money looks like.

Just as in the past, when value objects were used as a medium of exchange and then coins appeared and now fiscal accounts, the economic market is taking an irreversible turn towards cryptocurrency and the truth remains that whether you buy sooner or later, you should changed with the changing times.

The situation that every capitalist tries to avoid is having ordinary people who have as much control over their own finances as they do the capitalists. The first step to getting rich is to have control over your finances, which leads to making financial decisions that will increase your money by investing wisely.

UNITED TRADE CLUB is a conglomerate created with the main goal of making the benefits of the three main financial markets accessible to everyone; ensuring that people make real investment decisions for the first time that will benefit them, powered entirely by cryptocurrency. The combined trading club, with an army of experts who have spent years studying blockchain and the cryptocurrency market, has come up with a trading and profit initiative called TRADE-o-BOT. Trade-O-Bot is an automated robot trading system that is expertly designed to trade in the three major financial markets simultaneously for the greatest profit for investors, along with a team of trained professionals.

The United Trade Club was created for people who want financial freedom, enlightenment and knowledge of the new trend in the economic market compared to the crypto market. The user-friendly interface, affordable packages, the added benefits of being a user and the even more tempting bonuses of being a partner combine to ensure that everyone who becomes a part of it wins at the highest level and also learns beyond what any layman could know about the financial market.

United Trade Club is the best thing that can happen to cryptocurrency users and those who make transactions or even just save cryptocurrency because they trade for you and can make extra profits from just being a partner and to recommend others.

The team of professionals, consisting of experienced Blockchain developers who maintain the system at the top of the chain, businessmen, marketers, psychologists who are aware of the best way to transfer knowledge of complex Blockchain technology and a team of lawyers – All contribute for the safety and effectiveness of the platform and the activities involved.

Upgrades are constantly being introduced to keep up with the evolving technology of the blockchain platform and more research, away from any other team of experts.

United Trade Club accepts every entrepreneur, guerrilla, civil servant and worker interested in the financial market.

With all its steps, United Trade Club is the future of cryptocurrency-backed trading.

The cryptocurrency trading software package is an integrated system for managing all aspects of the cryptocurrency trading platform, such as all types of buying, selling, exchanging, lending, managing MLM and partners, converting, comparing live markets and analyzing and etc.

Important features to keep in mind:

Buy, sell and exchange: Nishue is an impressive trading management system that offers a smooth and secure methodology for your users to buy, sell and exchange cryptocurrencies effortlessly.

Credit system management: This system is completely convenient for mediation and has a system for managing the crypto credit service, such as creating offer management, support and moderation, etc.

Unique administrative module: Nishue contains a secure and advanced administrative module to control end-to-end your cryptocurrency exchange.

Separate customer profile: A separate user profile module that helps your users easily track and verify all open deposit or withdrawal orders, records, transactions, etc. with just one click.

Network Marketing and Partner Management: These marketing-ready automation tools make it easy to manage your partner commission, contribution history, and documents.

Market comparison and converter: Two additional systems are integrated for live crypto comparison, conversion and depth analysis.

How cryptocurrency trading software helps grow your crypto platform:

Coin Deposit and Withdrawal: The crypto merchant must maintain a huge deposit and withdrawal request on a daily basis. Trading software helps manage your business with its auto-tuning algorithm.

Coin Package and Loan Offer: Keep various coin and loan offer packages available to the customer. You can create, manage and advertise your offer using a well-designed package.

Level commission: If you follow the MLM strategy to reward your respective participants and are worried about setting their commission? Okay, he’s ready to automatically calculate their commission by level.

Risk notification and management: Every crypto trading platform needs to organize a push notification system to keep itself and its customer informed of many worrying issues, thus helping to eliminate the risk. In this case, the system design is completely perfect.

Multiple Payment Gateway: You can integrate your cryptocurrency, local currency, Payeer mobile banking system even as a payment method in this software to make your transaction seamless.

Daily, weekly and monthly ROI: Are you worried about maintaining ROI, as you said. This cryptocurrency trading management software can automatically calculate the return on investment, commission and more according to the instructions you provide.

Free responsive website: There must be an integrated fully responsive, SEO optimized dynamic website with our system and it is completely free. This will help you run your business without any problems.

Crypto comparison, conversion and depth analysis: Crypto live market capitalization and coin addition system is integrated for live crypto comparison, conversion and depth analysis

100% secure system: Trading software is designed with a security issue in mind. This cryptocurrency trading software includes a secure integer framework, two-factor authentication, and many other security systems.

The absolute package exclusively for spot cryptocurrency trading, which allows users to trade Bitcoin, Bitcoin Cash, Ethereum and Litecoin through Coinbase. Built on the same technology that powers Nishue software, it incorporates proven market-leading tools developed over 25 years to provide both professional and active cryptocurrency traders with a better experience than they currently have. is offered by other cryptocurrency trading solutions only.

Introduction: Invest in cryptocurrencies

The first cryptocurrency to emerge was bitcoin, which was built on Blockchain technology and was probably launched in 2009 by the mysterious man Satoshi Nakamoto. At the time of writing, 17 million bitcoins have been mined and it is estimated that a total of 21 million bitcoins can be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and Bitcoin hard forks such as Bitcoin Cash and Bitcoin Gold.

Consumers are advised not to invest all their money in one cryptocurrency and to try to avoid investing in the peak of the cryptocurrency bubble. It has been noticed that the price has suddenly dropped when it is on top of the crypto bubble. Because cryptocurrency is a volatile market, consumers must invest the amount they can afford to lose, as no government has control over cryptocurrency, as it is a decentralized cryptocurrency.

Steve Wozniak, co-founder of Apple, predicts that bitcoin is real gold and will dominate all currencies such as USD, EUR, INR and ASD in the future and will become a global currency in the coming years.

Why and why not invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to appear, and then about 1,600+ cryptocurrencies were released with some unique feature for each coin.

Some of the reasons I have experienced and would like to share are that cryptocurrencies are created on a decentralized platform – so users do not require a third party to transfer cryptocurrency from one destination to another, unlike fiat currency, where the user needs a platform such as Bank to transfer money from one account to another. Cryptocurrency built on very secure blockchain technology and almost zero chance of hacking and stealing your cryptocurrencies until you share your critical information.

You should always avoid buying cryptocurrencies at the highest point of a cryptocurrency bubble. Many of us buy cryptocurrencies at the top in the hopes of making quick money and falling victim to the noise of the bubble and losing money. It is better for consumers to do a lot of research before investing money. It is always a good idea to invest your money in several cryptocurrencies instead of one, as it has been observed that few cryptocurrencies grow more, some on average if other cryptocurrencies go into the red zone.

Cryptocurrencies for focusing

In 2014, bitcoin held 90% of the market and the remaining 10% of cryptocurrencies. In 2017, bitcoin still dominates the crypto market, but its share fell sharply from 90% to 38%, and altcoins such as Litecoin, Ethereum, Ripple grew rapidly and took over most of the market.

Bitcoin still dominates the cryptocurrency market, but it is not the only cryptocurrency you should keep in mind when investing in cryptocurrency. Some of the main cryptocurrencies to keep in mind:

bitcoin

Litecoin

pulsation

Ethereum

Throne

Civic

Great

Money

Where and how to buy cryptocurrencies?

While a few years ago it was not easy to buy cryptocurrencies, now consumers have many platforms available.

In 2015, India has two major bitcoin platforms, the Unocoin wallet and the Zebpay wallet, where consumers can buy and sell only bitcoin. Consumers should buy bitcoin only from a wallet, but not from another person. There was a price difference in the buying and selling rate and consumers had to pay some nominal fee to complete their transactions.

In 2017, the cryptocurrency industry grew tremendously and the price of bitcoin rose spontaneously, especially in the last six months of 2017, which forced consumers to look for alternatives to bitcoin and passed 14 lakhs on the Indian market.

Because Unodax and Zebpay are the two main platforms in India that dominated the market with 90% of the market share – which dealt only with bitcoin. This allows another organization to grow with other altcoins and even forces Unocoin and others to add more currencies to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies in addition to bitcoin trading at Unocoin. The difference between the two platforms was – Unocion provided immediate purchase and sale of bitcoins only, while in UnoDAX users can order any available cryptocurrency and if it matches the recipient, the order will be executed.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users must open an account in any of the exchanges by registering with an email ID and submitting KYC data. Once their account is verified, one can start trading coins of their choice.

Consumers need to research well before investing in any coins and not fall into the trap of a cryptocurrency bubble. Consumers need to research the reliability of the exchange, transparency, security features and much more.

All exchanges charge a nominal fee for each transaction. There are two types of fees – manufacturer’s fee and taker fee. In addition to the transaction fee, you must pay the transfer fee if you want to transfer your cryptocurrencies to another exchange or your personal wallet. Fees depend only on coins and exchanges, as different exchanges have a modulus of difference in the price of transferring coins.

Basic altcoins other than bitcoin

As mentioned above, bitcoin dominates the market with 38% market share, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Stock exchanges such as UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins such as Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many others. If one of the coins matches your portfolio, then you should buy it.

But you have to put the money in the market that you can afford to lose, because the cryptocurrency market is very volatile and no government has control over it.

When to buy?

There is no strict rule when to buy your favorite cryptocurrency. But market stability needs to be examined. You should not, except at the peak of the cryptocurrency bubble or when the price is constantly falling. The best time is always considered when the price is stable at a relatively low level for some time.

Cryptocurrency storage method

Before you buy a cryptocurrency, you need to understand how to keep your cryptocurrency safe.

In general, all exchanges provide storage space where you can store your coins safely. One does not have to share their user data, password, 2FA when holding cryptocurrency exchanges.

Paper wallet, hardware wallet, software wallet are some of the channels where one can store his cryptocurrency.

Paper wallet: The paper wallet is an offline cold storage method for storing your cryptocurrency. It prints your private and public key on a piece of paper where the QR code is also printed. One simply has to scan the QR code for one’s future transactions. Why is it safe? No need to worry about hacking your account or attacking malware. You just need to keep your piece of paper in a safe place in a locker and, if possible, keep two to three paper wallets under full control.

Hardware Wallet: A hardware wallet is a physical device where you store cryptocurrency securely. There are many forms of hardware wallet, but the most commonly used hardware wallet is USB. When keeping your cryptocurrency in a hardware wallet, you just have to keep in mind that you should not lose your hardware wallet, because once it is lost, you cannot retrieve your cryptocurrency.

A notorious incident in which a man dug 7000+ bitcoins and stored them in his hardware wallet and stored it with another hardware wallet. One day he threw away the hardware wallet in which he kept his cryptocurrency instead of damaged hardware and lost all his bitcoins.

What can be bought from cryptocurrencies in India?

Most people accept that buying and selling all kinds of cryptocurrencies is just an investment and getting a high return in the long and short term. Influential people and bitcoin investors believe that in the coming years bitcoin will dominate all fiat currencies and will be adopted as an international currency.

Dell is one of the largest e-commerce businesses that accept bitcoins as payment. Expedia and UNICEF are other examples.

In India, Sapna Book Mall accepted bitcoins as payment using the Unocoin merchant service. People booked movie tickets through BookMyShow or recharged their mobile phones using the Unocoin platform. According to the report, they have stopped the service, but plan to start again in the near future.

conclusion:

Cryptocurrency is one of the developing investment sectors and has given good returns on real estate, gold, stock markets, etc. in the past. You can buy cryptocurrency and keep it in the long run to get a good return or go in the short term for quick profits, as we have seen the growth of many 1000% + coins in the past. Because cryptocurrency is an unstable market and there is no government control over the industry. One must invest the amount in any cryptocurrency that one can afford to lose.

You can store your cryptocurrency in a hardware wallet, paper wallet, software wallet if you do not want to keep in the exchange where you trade.

Rich rewards often lead to great risks, and the same goes for the highly volatile cryptocurrency market. Uncertainty in 2020 worldwide has led to increased interest from the masses and large institutional investors in trading in cryptocurrencies, a class of assets of the new era. Increasing digitalisation, a flexible regulatory framework and lifting the Supreme Court’s ban on banks operating crypto-based companies have halted investment by more than 10 million Indians in the past year. Several major global cryptocurrency exchanges are actively exploring the Indian cryptocurrency market, which has shown continued growth in daily trading volume over the past year amid a sharp drop in prices as many investors looked to buy value. As the craze for cryptocurrencies continues, many new cryptocurrency exchanges have emerged in the country that allow buying, selling and trading, offering functionality through user-friendly applications. WazirX, India’s largest cryptocurrency trading platform, doubled its users from one million to two million between January and March 2021.

What drives the world’s largest crypto exchanges to the Indian market?

In 2019, the world’s largest cryptocurrency exchange in terms of trading volume, Binance acquired the Indian trading platform WazirX. Another cryptocurrency launch, Coin DCX, has secured investments from Seychelles-based BitMEX and San Francisco-based giant Coinbase. India’s crypto and blockchain start-ups have attracted $ 99.7 million in investment by June 15, 2021, to about $ 95.4 million in 2020. Over the past five years, global investment in the Indian crypto market has increased with an incredible 1487%.

Despite India’s vague policies, global investors are betting heavily on the country’s digital coin ecosystem due to various factors such as

• Technically understandable Indian population

The predominant population of 1.39 billion is young (average age between 28 and 29) and technology-savvy. While the older generation still prefers to invest in gold, real estate, patents or stocks, the newer ones accept high-risk cryptocurrency exchanges because they are more adaptable to them. India ranks 11th on the list of Chainalysis’s 2020 report on global cryptocurrency adoption, which shows the excitement of cryptocurrency among the Indian population. Nor can the government’s friendly attitude to cryptocurrency or the rumors surrounding cryptography shake young people’s confidence in the digital coin market.

India offers the cheapest internet in the world, where one gigabyte of mobile data costs around $ 0.26, while the global average is $ 8.53. Thus, almost half a billion users benefit from affordable Internet access, which increases India’s potential to become one of the world’s largest cryptocurrencies. According to SimilarWeb, the country is the second largest source of web traffic to the bitcoin trading platform peer-to-peer, Paxful. While the mainstream economy is still struggling with the “pandemic effect”, cryptocurrency is gaining momentum in the country as it provides the younger generation with a new and fast way to make money.

It is safe to say that cryptocurrency can become Indian millennials what gold is for their parents!

• Rise of fintech startups

The craze for cryptocurrencies has led to the emergence of many trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin and many others. These cryptocurrency exchange platforms are highly secure, multi-platform and allow instant transactions, providing a user-friendly interface for crypto enthusiasts to buy, sell or trade unlimited digital assets. Many of these platforms accept INR for purchases and trading fees of up to 0.1%, so simple, fast and secure platforms are a lucrative opportunity for both first-time investors and local retailers.

WazirX is one of the leading cryptocurrency exchange platforms with over 900,000 users, providing customers with opportunities for transactions with peers. CoinSwitch Kuber provides the best cryptocurrency exchange platform for Indians and is ideal for both beginners and casuals. Unocoin is one of the oldest cryptocurrency exchange platforms in India, representing over a million merchants through mobile applications. CoinDCX provides users with over 100 cryptocurrencies as an exchange option and even provides investors with insurance to cover losses in the event of a security breach. So global investors are looking at the many cryptocurrency exchange platforms in India to take advantage of the emerging market.

• Mixed government response

A bill banning virtual currency that would criminalize anyone involved in owning, issuing, digging, trading and transferring cryptocurrencies could be passed. However, Finance and Corporate Affairs Minister Nirmala Sitaraman allayed concerns among some investors, saying the government had no plans to ban the use of cryptocurrency altogether. In a statement to a leading British newspaper, the Deccan Herald, the finance minister said: “We are very clear that we are not closing all options. We will allow certain windows for people to experiment with blockchain, bitcoins or cryptocurrencies. “Obviously, the government is still researching the national security risks posed by cryptocurrencies before deciding on a total ban.

In March 2020, the Supreme Court overturned a central bank decision to ban financial institutions from trading cryptocurrencies, prompting investors to accumulate in the cryptocurrency market. Despite the continuing fear of a ban, transaction volumes continued to grow, and user registration and cash flows in the local cryptocurrency exchange were 30 times higher than a year ago. One of the oldest exchanges in India, Unocoin added 20,000 users in January and February 2021. The total volume of Zebpay on the day of February 2021 became equivalent to the volume generated throughout the month of February 2020. Responding to the cryptocurrency scenario in India, the Minister of Finance said in an interview with CNBC-TV18: “I can only give you a clue that we are not closing our minds, we are looking for ways in which experiments can take place in the digital world and cryptocurrency.”

Instead of standing aside, investors and stakeholders want to do their best to spread the digital coin ecosystem until the government introduces a ban on “private” cryptocurrency and declares a sovereign digital currency.

Is India moving towards financial inclusion with cryptocurrency?

Formerly considered a “boys’ club” due to the predominant involvement of the male population in the cryptocurrency market, the ever-increasing number of women investors and traders has led to more gender neutrality in the new and digital form of investment methods. Women used to stick to traditional investments, but now they are taking risks and entering India’s crypto space. After the Supreme Court clarified the legality of the “virtual currency”, the Indian platform for cryptocurrency, CoinSwitch witnessed an exponential 1000% increase in its female users. Although female investors still make up a small percentage of the crypto community, they create fierce competition in the Indian market. Women tend to save much more than their male counterparts, and more savings mean more investment diversity, such as high-return assets such as cryptocurrencies. In addition, women are more analytical and better at assessing risks before making the right investment choices, so they are more successful investors.

Increasing the mass institutional acceptance of cryptocurrencies

The uncertainty and panic caused by SARS-Covid 19 led to a liquidity crisis even before the economic crisis began. Many investors have turned their assets into money to protect their finances, leading to the collapse of bitcoin and altcoin prices. But despite cryptocurrencies crashing, it still managed to be the best-performing asset class for 2020. With the system’s increased vulnerability and loss of confidence in central bank policies and money in its current design, people have an increased appetite to digital currencies, which led to the recovery of cryptocurrency. Due to the stellar performance of the cryptocurrency in the midst of the global financial crisis, the upward trend has intensified interest in the virtual currency market in Asia and the rest of the world.

In addition, to fuel public demand for convenient and reliable transaction solutions, digital payment gateways such as PayPal have also shown support for cryptocurrencies that can enable consumers to hold, buy or sell virtual assets. Tesla CEO Elon Musk recently announced a $ 1.5 billion investment in the cryptocurrency market and that the power company will accept bitcoins from buyers, leading to an international jump in the price of bitcoin from $ 40,000 to $ 48,000 within every two days. Two of the world’s largest payment platforms, Visa and Mastercard, also support cryptocurrencies by introducing them as a means of making transactions. While Visa has already announced that it allows stable coin transactions in the Ethereum blockchain, Mastercard will start crypto transactions sometime in 2021.

What does the future hold for the cryptocurrency market in India?

The Indian cryptocurrency market is not immune to the terrible cryptocurrencies. Despite huge investments from global partners, local investors are still keeping their distance from crypto investments due to uncertainty about the legitimacy of India’s digital coin ecosystem and high market volatility. Although the cryptocurrency market has been booming since last year, Indians own less than 1% of the world’s bitcoin, creating a strategic disadvantage for the Indian economy. The Indian government plans to appoint a new panel to explore the possibility of regulating digital currencies in the country, as well as to focus on blockchain technology and propose it for technological improvements.

The ability of blockchain technology to provide a secure and unchanging infrastructure has been realized by various industries to instill transparency in transactions. For a country with more than 15 million cryptocurrency users, the commission’s new recommendation could be of great value in determining the future of cryptocurrency in India. However, stakeholders believe that technical and economic strength will make India a key player in the crypto and blockchain market. Gradually, cryptocurrency is gaining mass acceptance, which may lead to greater adoption of the digital currency.

According to another TechSci Research Report on “Cryptocurrency Market in India By supply (hardware and software), by process (extraction and transactions), by type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, others), by end user (banking, real estate, stock market and virtual currency) , By Region, Forecast and Opportunity, 2026 “, India’s cryptocurrency is expected to grow by a significant CAGR due to growing transparency requirements and reduced transaction costs. in India.

Cryptocurrency is getting better every day. It continues to increase your wealth, just like your viral posts on social media. An infectious financial instrument for a good portfolio and a catalyst for growth. One interesting fact is that there are more than 5,000 cryptocurrencies.

2021 was a fantastic year, but where do we go from here?

Let’s increase the situation here. Both Bitcoin and Ethereum have touched higher performance bars. Long-term investors rely on this. As you read this article, there may be more wonderful news about cryptocurrency. I will try to present here the future possibilities of cryptocurrency.

New provisions are currently in force. They are under the carpets. Measures have been taken to minimize the risk of cybercriminals. The goal is to make this investment a safe tool for people. For example: China announced in September that all cryptocurrency transactions were illegal. Clear regulations will remove all obstacles to make it safer to trade.

How will the new regulations affect investors?

The IRS will find it easier to track tax evasion. Investors can transparently record transactions. For example: recording capital gains or losses on crypto-assets will be easier. On the other hand, the price of cryptocurrencies will also be affected in the volatile market.

ETF approval – an important factor to consider

The Bitcoin ETF made its NYSE debut. This will help investors buy cryptocurrency from existing investment firms. Due to the growing demand, both the stock markets and the bond markets are coping with it. Let’s look at it from the investor’s point of view. Easier access to cryptocurrency assets helps people buy them without any problems. If you plan to invest in the Bitcoin ETF, remember that the risks are the same as any other cryptocurrency. You have to be willing to take the risk. Otherwise, it is useless to invest your money.

What does the Future bring?

Bitcoin is the best in the crypto market. It has the highest market capitalization rate. In November 2021, its price rose to $ 68,000. In October, the exchange rate was $ 60,000, while in July it was $ 30,000. There are large fluctuations in market prices. Experts suggest keeping the market risk for cryptocurrency below 5% in the portfolio. Speaking of short-term growth, people are hoping. Variability in bitcoin prices is a factor to consider. If you want to play for a long time, short-term results should not affect you.

Looking at it from an angle to increase your wealth is not a good solution. Stick to traditional investment instruments other than cryptocurrency. For example: if you want cryptocurrency as a retirement savings tool, it’s time to rethink your decision. Keep your investments small and diversify. This will reduce the risk factor. At the same time, you will have more time to think about cryptocurrency.

You need to spend your money wisely and then invest in cryptocurrency. One must assess the risk factor associated with it and make a decision. I hope this article helps you.

Although there were market adjustments in the cryptocurrency market in 2018, everyone agrees that the best is yet to come. There were many activities in the market that changed the tide for the better. With the right analysis and the right dose of optimism, anyone who has invested in the crypto market can earn millions from it. The cryptocurrency market is here to stay in the long run. Here in this article we give you five positive factors that can stimulate further innovation and market value of cryptocurrencies.

1. Innovation in scaling

Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it is not without problems. Its main obstacle is that it can only process six to seven transactions per second. By comparison, credit card transactions average several thousand per second. There is clearly room for improvement in the scaling of transactions. With the help of partner networks on top of blockchain technology, it is possible to increase the volume of transactions per second.

2. Legitimate ICOs

Although there are cryptocurrencies with a stable value on the market, newer coins are being created that are designed to serve a specific purpose. Coins like IOTA are designed to help the Internet of Things market exchange currencies for energy. Some coins address the issue of cybersecurity by providing encrypted digital vaults for storing money.

The new ICOs offer innovative solutions that disrupt the existing market and add value to transactions. They also gain market credibility with their easy-to-use exchanges and reliable backend operations. They innovate both in terms of technology in terms of the use of specialized hardware for mining and in terms of the financial market, giving more freedom and opportunities to investors in the stock market.

3. Clarity on regulation

In the current scenario, most governments are studying the impact of cryptocurrencies on society and how their benefits can be reaped for the community as a whole. We can expect that there may be reasonable conclusions based on the results of the research.

Few governments are already embarking on the path of legalizing and regulating crypto markets, like any other market. This will prevent ignorant retail investors from losing money and protect them from harm. It is expected that in 2018 the current regulations will appear, which stimulate the growth of cryptocurrencies. This will potentially pave the way for widespread acceptance in the future

4. Increase the application

There is a huge enthusiasm for the application of blockchain technology in almost every industry. Some startups offer innovative solutions such as digital wallets, cryptocurrency debit cards, etc. This will increase the number of traders who want to make transactions with cryptocurrencies, which in turn increases the number of users.

The reputation of crypto assets as a means of transactions will be strengthened as more people trust this system. Although some start-ups may not survive, they will make a positive contribution to overall market health by creating competition and innovation.

5. Investments from financial institutions

Many international banks are watching the cryptocurrency scene. This can lead to institutional investors entering the market. The inflow of significant institutional investments will fuel the next phase of growth in crypto markets. He has captured the imagination of many banks and financial institutions.

As surprises and bottlenecks around cryptocurrencies diminish, there will be more absorption from traditional investors. This will lead to much of the dynamism and liquidity so necessary for all growing financial markets. Cryptocurrency will become the de facto currency for transactions around the world.

The price of bitcoin skyrocketed in 2017. Coinbase, one of the world’s largest cryptocurrency exchanges, was in the right place at the right time to take advantage of rising interest rates. However, Coinbase is not interested in taking its cryptocurrencies for granted. To stay ahead in a much larger cryptocurrency market, the company is returning money to its master plan. By 2017, the company’s revenue was reported at $ 1 billion and more than $ 150 billion in assets were traded by 20 million customers.

The San Francisco-based Coinbase is known as the leading cryptocurrency trading platform in the United States and has consistently topped the CNBC Disruptor list in 2018 with continued success after failing to enter the list in the previous two years.

On its way to success, Coinbase has not left a stone unturned in the poaching of key executives on the New York Stock Exchange, Twitter, Facebook and LinkedIn. This year, the size of his full-time engineering team has doubled.

Earn.com was bought by Coinbase this April for $ 100 million. This platform allows users to send and receive digital currency while replying to mass market emails and performing micro tasks. The company is currently planning to bring in former venture capitalist Andreessen Horowitz, founder and CEO of Earns as its first chief technology officer.

According to current estimates, Coinbase was valued at about $ 8 billion when it went to buy Earn.Com. That figure is much higher than the $ 1.6 billion estimate estimated in the last round of venture capital funding in the summer of 2017.

Coinbase declined to comment on its estimate, despite having more than $ 225 million in funding from leading VCs, including Union Square Ventures, Andreessen Horowitz, and the New York Stock Exchange.

To meet the needs of institutional investors, the New York Stock Exchange plans to launch its own cryptocurrency exchange. Nasdaq, a rival to the NYSE, is also considering a similar move.

• Competition is coming

As competing organizations seek to bite out of Coinbase’s business, Coinbase is looking for other venture capital opportunities in an attempt to build a trench around the company.

Dan Dolev, a current Nomura analyst, said Square, a company run by Twitter CEO Jack Dorsey, could eat Coinbase’s stock business because it started trading cryptocurrencies in its Square Cash app in January.

According to Dolev’s estimates, the average trading fees of Coinbase were about 1.8% in 2017. Such high fees could direct consumers to other cheaper exchanges.

Coinbase seeks to become a one-stop shop for institutional investors while hedging its stock market business. To attract an investor in this class of white gloves, the company announced a fleet of new products. This class of investors have been particularly wary of immersing themselves in the volatile cryptocurrency market.

Coinbase Prime, The Coinbase Institutional Coverage Group, Coinbase Custody and Coinbase Markets are the products launched by the company.

Coinbase believes there are billions of dollars of institutional money that can be invested in digital currency. He already has $ 9 billion in custody of client assets.

Institutional investors are concerned about security, although they know that Coinbase has never been hacked like some other global cryptocurrency exchanges. Coinbase’s president and chief operating officer said the impetus for launching Coinbase’s trusteeship last November was a lack of a trusted custodian to protect their crypto assets.

• Wall Street is currently moving from Bashing Bit to Cryptocurrency Backer

According to the latest available data from Autonomous Next Wall Street, interest in cryptocurrency seems to be growing. There are currently 287 crypto hedge funds, while in 2016 there were only 20 cryptocurrency hedge funds. Goldman Sachs even opened a cryptocurrency trading office.

Coinbase also introduced Coinbase Ventures, which is an incubator fund for early-stage startups operating in the cryptocurrency and blockchain space. Coinbase Ventures has already raised $ 15 billion in additional investment. His first investment was announced in a startup called Compound, which allows a person to borrow or lend cryptocurrency while earning interest.

In early 2018, the company launched Coinbase Commerce, which allows merchants to accept major cryptocurrencies for payment. Another bitcoin startup was BitPlay, which recently raised $ 40 million in risky money. Last year, BitPlay processed more than $ 1 billion in bitcoin payments.

Proponents of blockchain technology believe that in the future cryptocurrency will be able to eliminate the need for central banking authorities. In the process, this will reduce costs and create a decentralized financial solution.

• Regulatory security remains intensive

To keep its access limited to four cryptocurrencies, Coinbase has drawn a lot of criticism. But they need to be careful while US regulators consider how to control certain uses of the technology.

For cryptocurrency exchanges such as Coinbase, the issue of concern is whether cryptocurrencies are securities that would be subject to the jurisdiction of the Securities and Exchange Commission. It is acknowledged that Coinbase is slowly adding new coins because the SEC announced in March that it would apply security laws to all cryptocurrency exchanges.

The Wall Street Journal reported that Coinbase met with SEC officials to register as a licensed broker and e-commerce site. In such a scenario, it will be easier for Coinbase to maintain more coins and also to comply with security regulations.

Cryptocurrency has been around for some time and there are many articles and articles on the basics of cryptocurrency. Cryptocurrency is not only thriving, but also opening up as a new and reliable opportunity for investors. The cryptocurrency market is still young, but mature enough to pour enough data to analyze and forecast trends. Although it is considered the most volatile market and huge gambling as an investment, it has already become predictable by some point, and bitcoin futures are proof of that. Many stock market concepts have already been applied to the crypto market with some tweaks and changes. This gives us another proof that many people perceive the cryptocurrency market every day and currently have more than 500 million investors. Although the total market capitalization of the crypto market is $ 286.14 billion, which is approximately 1/65 of the stock market at the time of writing, the market potential is very high, given the success, despite its age and the availability of already established financial markets. The reason for this is nothing but the fact that people have begun to believe in technology and products that support cryptocurrency. This also means that crypto technology has proven itself so much that companies have agreed to put their assets in the form of crypto coins or tokens. The concept of cryptocurrency became successful with the success of bitcoin. Bitcoin, once the only cryptocurrency, now contributes only 37.6% to the total cryptocurrency market. The reason is the emergence of new cryptocurrencies and the success of projects that support them. This does not mean that bitcoin has failed, in fact the market capitalization of bitcoin has increased, rather it shows that the crypto market has expanded as a whole.

These facts are enough to prove the success of cryptocurrencies and their market. And in fact, investing in Crypto Market is considered safe now, as some are investing as their retirement plan. Therefore, what we need are crypto market analysis tools. There are many such tools that allow you to analyze this market in a similar way to the stock market, providing similar indicators. Including market capitalization of coins, coin pursuit, cryptosis and investing. Although these indicators are simple, they provide important information about the crypto in question. For example, a high market capitalization indicates a strong project, a high 24-hour volume indicates high demand, and a circulating supply indicates the total amount of coins of this cryptocurrency in circulation. Another important indicator is the volatility of cryptocurrency. Volatility is how much the price of a cryptocurrency fluctuates. The crypto market is considered highly volatile, withdrawing money at some point can bring a lot of profit or make you pluck your hair. Therefore, what we are looking for is a cryptocurrency that is stable enough to give us time to make an informed decision. Currencies such as Bitcoin, Ethereum and Ethereum-classic (not specifically) are considered stable. Because they are stable, they must be strong enough not to become invalid or simply cease to exist on the market. These features make cryptocurrency reliable, and the most reliable cryptocurrencies are used as a form of liquidity.

As for the crypto market, volatility comes hand in hand, but also its most important feature, namely decentralization. The crypto market is decentralized, which means that a drop in the price of one crypto does not necessarily mean a downward trend in any other crypto. In this way it gives us the opportunity in the form of so-called mutual funds. This is a concept for managing a portfolio of cryptocurrencies in which you invest. The idea is to spread your investment across multiple cryptocurrencies so that you reduce the risk if a cryptocurrency starts to go bearish.

Similar to this concept is the concept of crypto market indices. Indices provide a standard starting point for the market as a whole. The idea is to choose the best currencies on the market and distribute the investment among them. These selected cryptocurrencies change if the index is dynamic in nature and takes into account only the leading currencies. For example, if an X falls to 11th position in the crypto market, the index reporting the first 10 currencies will no longer look at the X currency, but will rather look at the Y currency it has taken. its place. Some vendors such as cci30 and crypto20 have tokenized these Crypto indexes. While this may seem like a good idea to some, others oppose it due to the fact that there are some prerequisites for investing in these tokens, such as a minimum amount of investment required. While others, such as cryptoz, provide the methodology and value of the index, along with the components of the currency, so the investor is free to invest the amount he wants and choose not to invest in a cryptocurrency that is otherwise included in the index. In this way, the indices give you a choice to further smooth volatility and reduce the associated risk.

Conclusion

The cryptocurrency market may seem risky at first glance, and many may still be skeptical about its authenticity, but the maturity that this market has reached in its short period of existence is incredible and is sufficient proof of its authenticity. The biggest concern of investors is volatility, which was addressed in the form of indices.