The popularity of Bitcoin surges in the recent times, since the Bitcoins has brought whopping 200% 2020. It has captured the interest of the investor who are looking forward for alternative investment.
What is Bitcoin?
Bitcoin is a Crypto Currency ( Digital Currency ) The identity of the crater has never been revealed ( though Craig Wright Claims himself as a creator)
There are more than 2000 varieties of Crypto Currency as there currently.
You can buy Bitcoins in 2 ways – Buying & Mining
Buying Bitcoins is a simpler process, as you are buying it from someone who are booking profits and exiting. Mining is difficult process as you need to solve complex algorithms and mathematical calculations, with this you can get rewarded with small part of Bitcoin, which is virtually impossible as the creators will never allow individuals to mine it.
The current price of 1 Bitcoin is Rs.27.18 Lakhs as on 11th Jan 2021. As the Mining of Bitcoins has become complex, there is an artificial demand for Bitcoins in the recent times, which pushes its price upwards. What stoked the rally was the participation of larger institution than the retail participation. Unlike gold the supply of Bitcoins are shrinking.
Even though Bitcoins has offered highest return of 200% in 1 year, the retail and small investors should stay away from this high volatile investment because,
- There is no Regulator or Mechanism to govern Bitcoin.
- The clearing system of Bitcoin Exchange cannot guarantee Settlement
- While Supreme court in march 2020 has made it clear that the Bitcoins are no illegal, but there is no legitimate institutional framework to back this asset
- Bitcoins are high volatile investment as in 2017 ( as it fall from 18,000 to 3,200 – Free Fall Crash )
- Possible Cyber Threats and Security concerns with cyber criminals ( If it is stolen, it cannot be recovered )
- Limited Physical Use ( You need to convert Bitcoins to Currency and use it )
If you are retail and small-time investor, stick to your asset allocation to Mutual Funds, Direct Stocks and stay away from high volatile and high-risk investment like Crypto Currencies.
If you still wish to participate, limit your exposure to 5% of your Networth.
One call can change your finances forever – Reach out to me @ 9841058689
To invest in SIP & in Mutual Funds Click the link and start your investments instantly
http://www.assetplus.in/partner/sathishkumar
Sathish Kumar
Equity Fund Manager | Financial Consultant | Author
Whatsapp / Call – +919841058689
6 Reasons not to get tempted with Bitcoin
The popularity of Bitcoin surges in the recent times and It has captured the interest of the investor who are looking forward for alternative investment, click here to understand more on Bitcoins
To invest in SIP & in Mutual Funds Click the link and start your investments instantly
http://www.assetplus.in/partner/sathishkumar
Sathish Kumar
Equity Fund Manager | Financial Consultant | Author
Whatsapp / Call – +919841058689
Sathish is a Crorepathi Creator | Author | AMFI Registered Mutual Fund Distributor | Columnist | Youtuber
I have 22 years of experience in Financial Services, in which 15 Years of Experience in being associated with major banks and 7+Years of experience personally as founder of Creating Wealth Company
Still Dreaming How to Start Your Investment?
My First 1Cr Community is a platform for you to plan your First 1Cr and I will Guide you every week Saturday in Live Webinar Session
Visit My Website for more Information www.sathishspeaks.com
Join My First 1Cr Club Community www.webinar.sathishspeaks.com
Check out our Youtube Channel – https://www.youtube.com/@Sathish_Speaks_/featured
Contact us – 7810079946 #1crorecommunity #financialeducation #investingjourney #stockmarkettips #personalfinance #wealthbuilding #financialfreedom #investmentstrategies #moneymanagement #financecommunity #successjourney #millionairemindset #financialliteracy #moneymatters #smartinvesting #1croregoals #financialplanning #stockmarketindia #investoreducation #wealthcreation #financegoals #learntoinvest #financialinsights #mutualfund #savingstips #sathishspeaks #systematicinvestment #sip #investment #stockmarket #money
Kickstart your Investment Journey of 2025 from here🤝🏻
Check out Our New Course “Welcome to the World of Mutual Funds”🙌
You will Learn:
1.A-Z of Mutual Funds
2.SIP Techniques & Much More
You will get:
1.8 Chapters
2.Recorded Course
3.Lifetime Access
Actual Cost 4999/- and get it for 2499/-
For First 100 Registrations as Launch Offer Buy it at 1999/-
Use Code “SATHISHSPEAKS2025” Hurry Up Limited Period Offer Only!!!!
Click the below link to enroll to the course and Transform your
finances 👇
https://webinar.sathishspeaks.com/