Slider Widget

Header Ads

How can invest in Bitcoin in India ? What is Bitcoins


Bitcoins was Launched as a currency in the year 2009 with the price of 20 paisa per Bitcoin. It was founded by a person named Satoshi Nakamoto. But no one knows where is that person and will he actually exist. Uponsome researches on the internet I found that Satoshi Nakamoto was not a person, actuallyit is a group of 4 companies nameSamsung,ToshibaNakamichi andMotorola.In India the price of Bitcoin is Rs 192889 per Bitcoin. But it is fluctuate due to demand andsupply. If demand rises the price of bitcoin rises but if demand decreases the price of bitcoin decreases. As paisa is smallest unit of Rupee same as the smallest unit of bitcoin is Satoshi. One Bitcoin has 100000000 Satoshis.

HOW BITCOINS WORK?


Bitcoin is not tied to a bank or government and allows users to spend money anonymously. The coins are created by users who 'mine' them by lending computing power to verify other users' transactions.They receive bitcoins in exchange. The coins also can be bought and sold on exchanges with US dollars and other currencies.

WHY ARE BITCOINS POPULAR?


Bitcoins are basically lines of computer code that are digitally signed each time they travel from one owner to the next. Transactions can be made anonymously, making the currency popular with libertarians as well as tech enthusiasts, speculators and criminals.

WHO IS USING BITCOIN?


Some businesses have jumped on the bitcoin bandwagon amid a flurry of media coverage. Overstock.com accepts payments in bitcoin, for example. The currency has become popular enough that more than 300,000 daily transactions have been occurring recently, according to bitcoin wallet site blockchain.info. A year ago, activity was closer to 230,000 transactions per day.

IS IT REALLY ANONYMOUS?


Yes, to a point. Transactions and accounts can betraced, but the account owners aren't necessarily known. However, investigators might be able to track down the owners when bitcoins are converted to regular currency.For now, the three accounts tied to the ransomware attack appear untouched -- and it'll be difficult for perpetrators to cash in anytime soon without getting traced.


Is it safe to invest in Bitcoin ?


Investment in any crypto currency is neither risk free. But if you have some knowledge about it then you can earn a very good profit from it. I self earn Rs 4000 per day from it sometimes.It all depends on your knowledge. If you think that in future bitcoins price will rise then you should invest in them. But if your prediction becomes wrong then you can bear a great loss..So how you can know that is it right time to invest in bitcoin. I will tell you.. The current average price of bitcoin is nearly rs 180000 to 182000 ( only for 1-2 days). So if you find the price is lower then 180000 then you should buy it. If the price is more then 182000 then you should wait for its price fall.(Note:- the above price is for short term profit means you can earn 1000-2000 rs in 3-4 days if you follow above price range)but if you want profit for long term then you can invest any time. Because some of its experts told that in 2020 its price will be go far of rs 300000.

How To invest Bitcoins in India?


Their are many wallets and Websites through which you can purchase and invest in them. But many of them are Fake and fraud. Some according to me the best & trusted wallet for bitcoin transaction is Zebpay wallet. Below are the steps to invest in them…

1.Download And Install Zebpay app from Here

2.Open app and enter your Mobile No. and verify it with Otp.

3. After that Click on setup account pin and enter a 4 digits pin.

4. Now enter your name& Email address.

5. Now your wallet is open but you need to verify your account for gaining your wallet address. for this Go to verification section in menu.

6. Their enter your name and submit PAN & Bank details.

7.Firstly Go to menu and click on Free Bitcoins.

8.And their enter promo code asREF27128776(For getting free rs 100 bitcoins)

9.Now click on+sign at bottom right and click on Account > Deposit.

Their enter the amount you want to add into your account. ( You can’t purchase bitcoins directly, you need to add the required amount first into the wallet then proceed further)After add amount click on + Sign again and click on buy and sell.Their enter the amount of bitcoin you want to purchase.

How to gain profit from Bitcoin?


Lets assume i purchase bitcoin at the rate of rs190692 per bitcoin and its selling price is 185998 per bitcoin (remember this difference between buying and selling price is varies per wallet… it is the price through which these wallet companies makes profit).But after some days due to increasing demand its selling price rose by rs 100000.Means now i can sell my 1 bitcoin at the rate of 285998. So i purchase the bitcoin at rs190692 when its selling price was 185998 but now the selling price was 285998… that’s way i make profit of rs 100000. Similarly you can get loss if situation is vice versa.

Post a Comment

2 Comments

  1. Are you thinking about investing in Bitcoin?
    Then you need to read the information contained in this report.
    There is a paradigm shift coming that is going to make Bitcoin look like old news.
    Something so new and transformative that it may revolutionize the global economy.
    Yes, Bitcoin is STILL an incredible opportunity.
    But it’s just the beginning.
    These new coins could deliver even bigger gains and profit.
    Follow the link below to learn how.
    https://cryptocrusher.net?45164c4c

    ReplyDelete
  2. Are you thinking about investing in Bitcoin?
    Then you need to read the information contained in this report.
    There is a paradigm shift coming that is going to make Bitcoin look like old news.
    Something so new and transformative that it may revolutionize the global economy.
    Yes, Bitcoin is STILL an incredible opportunity.
    But it’s just the beginning.
    These new coins could deliver even bigger gains and profit.
    Follow the link below to learn how.
    https://cryptocrusher.net?45164c4c

    ReplyDelete

Comment Here Your Valuable 'Feedback' of This Post