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Fiat currency or Cryptocurrency?
Fiat Currency A fiat currency is managed by the central bank of the respective country. It is a government-issued currency such as the U.S. dollar, Rupees are fiat currencies. Based on the trade value set by people, the central bank decides the value of a fiat currency. This currency has no value without the authorization of the central bank. Over the last few decades, this currency is being used as a medium of exchange for an alternative commodity. This currency is not redeemable in gold or silver. Cryptocurrency A cryptocurrency is a form of payment that can be exchanged online for goods and services. It uses encryption to verify its…
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Know what are the crypto trading mistakes and how to avoid them
The cryptocurrency market is keen to watch you of any mistakes. Your carelessness can put you into a big financial crisis in your life. As a beginner, you should understand this well and avoid any further mistakes in the investment procedure. Your mistakes in a short period can get you into a state that you cannot trade on cryptocurrencies again. You should consider yourself fortunate to trade on cryptocurrency. But your mistake can lead to misfortune at any time. Your hard-earned money will see a face-up if you this mind game of mining. A right decision can take you into a heavenly experience and a wrong decision can dump you…
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Cryptocurrencies in news today
Cryptocurrency is in news for the last few months and the most attractive cryptocurrencies are, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE). This is extremely hard to say which is better for you since they are not equal. They have their Pros and Cons and the investment should solely depend on your financial situation. It is a must to think before any investment in these cryptocurrencies and above all, it is also important to know if you need this type of investment as it is a high-risk matter. Moreover, we cannot predict if it is going to succeed in the long run. If you have made up…
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How hard are Investors facing issues in India for Cryptocurrencies?
Investors are keen about the investments in cryptocurrencies these days and in India, people rushing to invest in it like never before. Although it shows you big dreams, this could be dangerous too. As per blockchain data analysis, last April (2020), the investment in cryptocurrencies was $923 million, and this year it rises to $6.6 billion (Rs. 49,189 crores)! This might rise constantly as Indians are more attracted to cryptocurrencies these days. Due to the past Indian cryptocurrency market, this would be problematic. But Indians are celebrating this global investment without any stringent guidelines from the government. How popular is cryptocurrency in India? Back in April 2018, the central bank…
