Crypto Currency Investment: The attraction of investors to cryptocurrencies is increasing rapidly all over the world. It has increased the capital of the investors tremendously in a short span of time. A year ago, this bitcoin was at a price of Rs 8.66 lakh, which has increased to Rs 47.1 lakh, that is, within a year, bitcoin has given a return of about 436 percent to investors. In such a situation, many investors have been attracted to invest in cryptocurrencies like bitcoin. Although the price of bitcoin is very high, many investors are avoiding investing money in it.
In such a situation, investors have an opportunity to invest money in other cryptocurrencies as well which have given great returns. For example, talking about Ethereum, it has given more than 900 percent returns to investors in a year, that is, more than bitcoin and it is also cheaper. A year ago it was at a price of Rs 27.92 thousand, which has now increased to Rs 2.84 lakh.
Investment in Crypto Currencies: Stepwise Process of Investing in BitCoin, It is also important to know about these three charges
These are the 7 big cryptocurrencies by market cap
These are the important risks of investing in crypto
Before investing in crypto, the risk associated with it should also be understood. The figures given above are based on past returns and cannot be said with certainty about future returns. Investing in crypto is very risky, that is, if you can get bumper profits in it, then the capital can also decrease rapidly accordingly. As cryptocurrencies like Ethereum have increased investors’ capital by more than 400 percent this year in 2021, cryptocurrencies like Dogecoin have reduced their capital by more than 5100 percent. Apart from this, the biggest risk associated with investing in crypto is regarding its regulation. There is no regulator to regulate it.
(Disclaimer: This story is for informational purposes only and Financial Express Online does not take any responsibility. Investing in cryptocurrencies is very risky, so please consult your advisor before investing.)
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