Highest return in cryptocurrency.

As of now, you have seen that highest return can be taken from the long-term of invested in the stock market only. But today I will tell you there is one more way to get the highest return in short time.

This is Nikunj from Technical Suvichar so let’s start.

What is Bitcoin and why it was developed?

Bitcoin is developed by Satoshi Nakamoto in 2009. Nobody knows that it is developed by organization, group of person.

Bitcoin was developed due to 2008 financial crisis due to bank error people have to supper huge lose and it was paid by the normal man and a taxpayer. So for how many years, we will be dependable on the banks. The founder says that we are making cryptocurrencies away from the banks and Government in the decentralized form. There will no interferer of the bank because if any mistake was done by the bank then whole economy slowdowns. Due to one person or any organization mistake, there will be no crash in the financial system.

Bitcoin is not a legal tender. Property and gold is not a legal tender in India then also it is legal. Like that bitcoin is also legal it can be traded and exchanged but cannot be used as a payment system.

Bitcoin Exchange in India.

If you want to buy or sell the bitcoin then you have to use the cryptocurrency exchange service.

Where bitcoins can be converted into your local currencies.  In India largest exchange service is ZEBPAY and world is Coin base both are very good exchange service most trustable and secure also. The benefit of this two is that you can trade in multiple currencies on this platform.

Bitcoin is Taxable?

Trading on the Bitcoin will be like that of other assets i.e short-term capital gain and long-term capital gain. By end of the year, the government will take a decision because they want to make a legal framework. There are countries where bitcoins are accepted. In the USA Bitcoin is regulated as a Stock. Japan Bitcoin is a legal tender you can pay for it. Germany you can buy a home out of bitcoins. In Switzerland, you can pay a tax. But there are certain countries which have not accepted the bitcoins like China they have All Bitcoins Exchange are banned but mining is still going on. Russia has a flip-flop policy sometimes they tell yes or no. By the end of the year like all other countries, there will be positive news for the Bitcoins.

Advantage

There is no central bank to control the bitcoin means there is no middleman while transferring the bitcoins therefor there will be minimum transaction fees. As it out of control from the bank and government agencies there will be no single entity to controls the value of the bitcoins.

On International payment there will be benefit many transaction charges, currency conversation charges, remittance fees extra charges to send money, in case of bitcoins there will be no such charges.

So we can say that we can say that bitcoin will be easier for international payments.

There is a blockchain technology it’s a financial sheet on which every trade exchange is saved in a cryptographically saved.

Bitcoin is a digital asset and decentralized currency. Assets mean it has some value for home, car, gold we can sell in the market and we get money. Bitcoin is also like that when you sell you will get the money but it’s not physical like your home or car you cannot touch it but it is virtual in soft copy format.You can use as a payment from one country to another country.Because it does not have any authority to regulate it is decentralized. Like other money rupees authorized by RBI Reserve Bank Of India and he decides the value and when to print the currencies.But Bitcoins does not have any authority and neither in future there will be an organization who will control the Bitcoins. Owner of the bitcoins holding decides the value and no one can say that by tomorrow Bitcoin will be demonetized.

Bitcoin started as an exchange and now it has become an investment for all of us. This invest is the virtual not actual. There is a lot of difference between the actual and virtual investment. As it is a virtual investment there is no calculation and predictability of going up and down, because of that now we totally rely on the blindfold move. There is no long-term value proposition exists.  

Every business and investment has an effect (influence) by which it grows and where there is no effect(influence) then it is called somewhat a Bitcoin.  

It is the highest risk and highest return investment. 

Nor anyone has a higher risk or higher return compared to the Bitcoin.

If any investment has daily up and down more than 30% in a single then it’s a high risk.

Investing in this will be highly risky and it will be blindfold move.

Disadvantage

Barbar, cobble, shopkeeper, businessman are buying bitcoin and in craziness one follow-on and nobody in this world how bitcoin is working and growing. If you cannot explain what is the bitcoin to your friends and relatives then how come you invest in it. It cannot be changed by effect (influence) that means it cannot grow.

I am not saying that one cannot invest in the Bitcoin but I want to explain that one can invest in the Bitcoin if he has an extra large sum of money which is not used anywhere, which can be though away and move without worry, because it can go up and down very high in short time.  The money which frequently goes up and down is not called investment but it is called the gambling.

We have heard the news many times Hackers can hack and eat your money if it is cryptocurrency.

There is not the third party in Bitcoin and in investment there is a bank intermediately.

Even bank can be a hack but there are a Govt and a third party by which money can be taken back.

If credit card, debit card money is gone to the wrong person then there is a third party bank which can reverse the transaction. But in the case of cryptocurrency, there is not the third party once the money is gone to another account cannot be taken back unless the opposite person wants to give back.

I am not going against the bitcoin but we have seen that many times hacking is done on a huge amount.There is no central body to or government agencies hence it cannot reversible.As it is the blindfold move when bitcoin is down then there is difficulty in cash out. There will no person available to purchase it. Where there is no computation, calculation prediction and the blind game cannot be invested your money. One should invest the money in Business and assets will give you highest gain.

Look around you all big person has invested their money in own business. They have not invested in Bitcoin. So if you really want to highest gain then invest in your business and stock market for long term.

Uploaded a video on this topic, can go to by just pressing the below link.

If you really want to invest then please consult your financial adviser.