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[jparag777]

There was a lot of buzz and hype created when the first ever Bitcoin ATM was started in the city of Bangalore . But the enthusiasm proved to be short lived. The Bitcoin ATM was closed today and the persons who had started it were arrested by the police India has declared that trading of bitcoin is not legal in India. That lives us with the question of the reliability of bitcoins as an investment option . Is it worth the risk ?

 

[Wisdom01]

I think if its not acceptable in your country then its worth the risk I think , since if the government banned the use , a lot of users might lose a lot on crypto currency I think

 

[microunit]

yes , investing in cryptocurrency is surely worth it, though it would depend on the coin you are investing at and a matter of luck, some lower unknown coins sometimes have big price spikes

 

[SCAMEXPOSER]

I think if its not acceptable in your country then its worth the risk I think , since if the government banned the use , a lot of users might lose a lot on crypto currency I think

I find it difficult to believe it that trading Crypto in a country where it is ban is risky, I believe if you trade your coin online and exchange with exchange site to a currency your country accept for exchange then no problem.

 

[Wisdom01]

I find it difficult to believe it that trading Crypto in a country where it is ban is risky, I believe if you trade your coin online and exchange with exchange site to a currency your country accept for exchange then no problem.

What if some people aren't aware about the update and had large crypto in their wallet and the government issues out strict law's to those that make use of crypto currency

 

[KarthikP]

Yes sometimes it also depends on the luck. But usually due to the fluctuating natire of cryptocurrency, one can make profit by buying huge number of crypto at low price and selling all those at all time high price .

 

[SCAMEXPOSER]

What if some people aren't aware about the update and had large crypto in their wallet and the government issues out strict law's to those that make use of crypto currency

Government of countries where Crypto currencies are not legalized don't track people's wallet, if you have enough Crypto in your wallet, it becomes your responsibility to search on how to trade safely and solutions are available .

 

[Wisdom01]

Government of countries where Crypto currencies are not legalized don't track people's wallet, if you have enough Crypto in your wallet, it becomes your responsibility to search on how to trade safely and solutions are available .

Yeah government don't track people's wallet ,but what of those exchange sites that are under regulations of government bodies then what will be the outcome

 

[SCAMEXPOSER]

Yeah government don't track people's wallet ,but what of those exchange sites that are under regulations of government bodies then what will be the outcome

You don't get it, in countries where there is strict regulations exchangers don't exist, if you are in a country where Crypto is illegal and you have enough Crypto you could check online exchange site that will swap your Crypto for skrill, PayPal, Payeer , perfect money etc

 

[Reznov]

it's always an adventure and a risk at once, as crypto coins are volatile and has no stable value, you'd be too lucky if the price goes up, so you can get some decent profit, but the opposite if it goes down in periods that you don't expect

 

[SCAMEXPOSER]

Crypto currency trading is no doubt an adventure for people love trying out new things regardless the risk involved, the journey has favourable and interesting.

 

[Wisdom01]

You don't get it, in countries where there is strict regulations exchangers don't exist, if you are in a country where Crypto is illegal and you have enough Crypto you could check online exchange site that will swap your Crypto for skrill, PayPal, Payeer , perfect money etc

Alright thats why there are exchange sites already so the person can do the exchange he or she wants to do at his will even if crypto is illegal on his /her country

 

[Brain]

I believe, that the cryptocurrency has opened the door to a richer world for everyone, but not everyone uses it. Investing in cryptocurrency - its investing in your future.

Definitely it is about investing in ones future because crypto currency is future itself so it will be a world of good investing in it and maybe holding it for a while to make a better sale

 

[Balint098]

Plan your finance well, have multiple source of income. Invest only what you can afford to lose. And invest into multiple investment options to limit your risk.

 

[Wisdom01]

Definitely it is about investing in ones future because crypto currency is future itself so it will be a world of good investing in it and maybe holding it for a while to make a better sale

It's truly the future ,if it's not ,no one would even take a look or interior move in adopting it to earn more money , crypto have always been promising

 

[Fayiz]

There is no doubt crypto have good future In your country There is lot of exchanges are here helps to exchange our even if country have crypto ban .I think every country Will adopt crypto later because they help to get huge amount to government

 

[Wisdom01]

There is no doubt crypto have good future In your country There is lot of exchanges are here helps to exchange our even if country have crypto ban .I think every country Will adopt crypto later because they help to get huge amount to government

Some government knows the benefits attached to it , but not ready to adopt it more ,even if it will give them more revenue ,they want to control the money supply and power

 

[Brain]

It's truly the future ,if it's not ,no one would even take a look or interior move in adopting it to earn more money , crypto have always been promising

Exactly, it is one investment method that is really promising and the future of it is really bright and there' will be more people coming in to it in the future to make it progress better

 

[Wisdom01]

Exactly, it is one investment method that is really promising and the future of it is really bright and there' will be more people coming in to it in the future to make it progress better

When people get to see its usefulness ,they will actually value it more and place more interest so it could be adopted ,even if the government is not encouraging them

 

[a_jerobon]

I think that Bitcoin is worth the investment despite there being so many risks. This is because an individual can earn so well from investing there. The risks can be minimised once more security measure have been put in place.

 

[SCAMEXPOSER]

I think that Bitcoin is worth the investment despite there being so many risks. This is because an individual can earn so well from investing there. The risks can be minimised once more security measure have been put in place.

The risk in bitcoin and cryptocurrencies Investment can be well managed if one understands the dynamism of the market and he or she is not greedy.