When the cryptocurrency first enters the online market it is not valued more. But, when the value of bitcoin increases richest people start investing in bitcoin. Those coins are bought and be sold only online using a digital wallet. The digital wallet is used to save the bitcoin. To buy or sell bitcoin every people need a standard and secure website to make their transactions successful. EV EatVerts the place where you can buy or sell bitcoin.
If you feel cryptocurrency has only less value at the moment don’t always don’t fix its value. The value of the currency will be changed according to the trader and investor. In the future, the value of the cryptocurrency will be at a peak level. If you want to invest in bitcoin first don’t believe any third party members who convince you to take more output from bitcoin. They all will try to get more from you but they cannot make you profit. Before entering into the bitcoin field get the complete details about the bitcoin. Without getting a basic knowledge about cryptocurrency you cannot survive or earn in online marketing.
Why in India cryptocurrency is banned?
In India, bitcoin is not banned but in April 2020 reserve bank of India has said that banks that are operating in India should not accept cryptocurrencies that means if you want to buy or sell bitcoin you are not allowed to use Indian debit and credit cards to buy cryptocurrencies. This is why many people are used to saying that it is illegal to buy or sell bitcoin in India. But in 2020 Indian Supreme Court has said the ban of RBI is unconstitutional. From 2020 every Indian citizen can able to buy or sell cryptocurrency by using their credit or debit cards. There is more than 8000 cryptocurrency comparing to share trading crypto value is extremely volatile. According to share trading if the company is good at their work their company will raise in the market and if the company got a negative review from their customer’s shares for a particular company will decrease. But cryptocurrency is completely different from share trading the value of the currency can be change every minute. Without any reason like due to a pandemic situation, the value has reduced like this kind of reason cannot reduce or increase the value of cryptocurrency.
How the share market is different from the cryptocurrency? or both are the same?
We all know that share trading is only at a limited period and time. But cryptocurrency is traded 24/7 every day in the week. In share trading, the rise in trade will not be more than 5 to 10 percent. But in cryptocurrency within a minute the value can rise to 500 or 1000 percent high. The common cons for crypto are it is not more than secures as share trading. And finally, the value is decided only by market capital and its supply. If the supply is more its value increases automatically.