The Perdurable Opinion

As Bitcoin dropped below $30,000/- for the first time in about 5 months, I think it's time that we address the elephant in the room. Since we are unable to understand the concept of cryptocurrencies as a whole we are losing the money. The loss is not a loss till you sell. You are affixing the loss by selling it at a lower rate than your highest earning. Before we begin I think it is important to mention I am not a financial planner/advisor, so nothing in this article suggests any particular crypto. WHY IS BITCOIN UNDERPERFORMING? Since there is not much to presently do but to stare at our screen while our portfolios bleed and so does our soul, I felt like bringing before you a little bit of theoretical analysis on bitcoin performance. Bitcoin has performed well everytime the traders have been able to hold onto its support line. The reason it is important for us to understand the concept of Bitcoin is that the buyers are the ones which make the coins a stronger asset the...

The recent crypto pop and drop did make a lot of hype among the Indian youngsters to get into the blockchain world, but the shadow of RBI and its affiliated banks seems to be raining on the parade. Before we go into the depth of whether crypto is good or bad for people and the country, it is important to state that this blog is not providing any financial advice and it is always better to consult an advisor before investing. In Internet and Mobile Association of India v. Reserve Bank of India, the Hon'ble Supreme Court of India vide its judgment dated 4th of May, 2020, noted that cryptocurrency is capable of being accepted as valid payment for the purchase of goods and services, and payment systems can be regulated by the RBI. So where is the agitation?  x As of late, few major banking institutions have stopped transactions with the Exchange platforms causing a FUD in the market. The Apex Court though has clearly quashed the RBI circular by the aforesaid judgment yet these banking ...

It is always fun to earn quick bucks in a matter of days which the crypto market seems to be promising but t o be a true investor one needs to always fight for the long run . Thus by investing one's hard-earned money one feels agitated when the wave of FUD instilled by the big institutions shakes the foundation. It is important to remember that while ten thousand dollars worth of investment might seem like a huge deal to most retail investors like us, it is not even comparable to the billions of dollars that these institutions are investing in the same assets. What is then necessary for us to do to remain in the crypto market? It is more important to find the right strategy and understand how to diversify the portfolio so that when the market crashes like we experienced, we can still get stability in our portfolio.  Here we are going to suggest one of hundred strategies one may adopt while investing in crypto. Before we begin, it is important to know that I am not a financial advi...