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Is bitcoin a good investment option in India_WazirX

If you are a beginner in the crypto world and you have no idea about bitcoin investment. Check this presentation that is all about is bitcoin a good investment option in India. Learn more at https://wazirx.com/

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Is bitcoin a good investment option in India_WazirX

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  1. Is bitcoin a good investment option in India?

  2. Introduction of bitcoi • Bitcoin debuted in 2008 and was launched by Satoshi Nakamoto in 2009. In addition, It is the first and the best cryptocurrency introduced all over the world. It has its own blockchain network and is not intervened by central authorities.

  3. Advantages of bitcoin investment • Liquidity-  Because of the increased establishment of worldwide trading sites, and crypto exchanges, bitcoin is the most widely used liquid financial asset in the economy. • Minimal trading- Bitcoin trading does not require any certificate or licenses like any other stock exchange and banking investments. It includes a very simple process that is easy and quickly adaptable.  • No inflation effect- The inflation risk is minimal or rather zero in the case of cryptocurrencies. Due to its infinite blockchain network, digital currencies are resilient to lose their value during inflation.

  4. Disadvantages of bitcoin investment • Fear of fraud or getting hacked- Online hacking and scamming is very prominent in bitcoin trading. Since all the transactions are done through websites or mobile apps the chances of getting hammered are more than fiat currency. • Limited security-  Currently, there are not enough controls in the bitcoin industry. There is no government interference which makes it vulnerable to experience misconduct. Also, it is not taxed and the government is less aware of its functions and work process.

  5. Is bitcoin a good investment- conclusion • There is no clear yes or no for it. Take it as a risk to reward instrument. Do your homework and search for the most evident and suitable crypto exchanges in India like Wazirx, Unocoin, Zebpay etc. These companies provide the best quality services and are popular for their work in providing a great crypto trading experience to their customers.

  6. Thank You

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