Bitcoin investing, Is it worth it in 2021?

The bitcoin market is thriving all around the world due to its good returns, As we all know today bitcoin is the first and most popular cryptocurrency in the world.

If we look at a few years back, People were not aware of the bitcoin market and it seemed to be tough and complicated work to hold the digital currency. 

Now, the people's thinking and scenario of digital currency have been developed. There are many ways are available for people to invest in bitcoins or to earn bitcoins. You can invest in them or you can also use it as a mode of exchange, bitcoin cannot be controlled by any form of government or banks because it is a digital currency and every individual owns its currency.

The digital currency market has changed and the value of bitcoins is at the top, after bitcoins popularity and its a higher value. Many investors are looking forward to investing in bitcoins and want to get good returns from them.

Other than Bitcoin there are thousands of cryptocurrencies are available in the market, read the post of  5 Best cryptocurrency to invest

Like Elon Musk, the world's second-richest person is focusing on making use of cryptocurrency more effortless for the people.

In India, buying or investing in bitcoins has become legal after the official announcement from the government. There was a ban on cryptocurrency exchanges between 2018-2020, after the ban, the popularity of bitcoins is increasing.

The government of India like the rest of the world are deeply studying the concept of cryptocurrencies and checking if that people are at risk of frauds or scams, Due to its lots of good factors for the people in India, like lack of interference from the banking system, universal recognition, and easy access and use.

Investing in cryptocurrencies or buying or selling bitcoins is still considered a huge risk.

There are some probable reasons why it is considered a risk-taking work.

- Prone to illegal activities and frauds: The government role in the bitcoins market is low and many people use this as an advantage to frauds people and perform illegal activities without the fear of getting caught by the officials or the government. 

-Legality issue of cryptocurrencies: No one can say with surety that bitcoins are legal or illegal, Investors who are interested in bitcoins market are confused about the legal status of cryptocurrencies because who knows if government again imposes a ban on digital currencies in the future. 

-Lack of safety: The bitcoins payments are made virtually without any authorization of central agency that controls and regulates such transactions. The cryptocurrencies market is different from the share market because in the share market for the payments like this government always make sure that the transactions are safe and government can intervene to investigate if anything happens wrong to the investors.

-Volatility of Bitcoin: The bitcoin market is extremely volatile and volatility of bitcoins made it so risky market for the investors, bitcoins pricing are more volatile than the stocks because of its unpredictable ups and downs. 

In India, after the ban many people have started buying or selling and investing in bitcoins and enjoying the good returns.

If you are a beginner in the bitcoins market then you should start with the basic mining of bitcoins, there are couple of ways are available to mine or earn bitcoin.

-CoinTiply.com websites: It is website to earn bitcoin as a reward, earning bitcoins from cointiply is a slow process but with dedication you can earn a good amount of bitcoin from this website.

-Gemini: Gemini.com is a free and popular platform to invest in digital currencies, It is easy and safe to use for its customers.

-Coinbase: If you are looking to invest in cryptocurrencies with USD, then coinbase is the most popular sites where you can invest in crypto directly with USD, you can earn rewards and tokens by completing your daily tasks on coinbase. 

-Crypto.com: Crypto.com is the most popular site for crypto exchanges, this website provides offers for US-based customers, crypto.com is a amazing site for you if you are from the United States.

-Kraken: Kraken has a great collection of coins and tokens for its investors, you can trade in DOGE on this platform. Kraken is not easy to use, it requires good knowledge about the market.

For beginners, Mining can be a slow process to earn bitcoin but in the future, it will help you to establish yourself in the bitcoins market because the competition is high in the bitcoins market.

There are over 110 million owners of bitcoins in the world, which means that 1.3% of the population use bitcoins for investing and trading. Even in India, after the government lifts a ban on digital currencies, 93% of respondents invest in cryptocurrencies, 90% of investors and traders are holding bitcoins, and 44% holding ethereum.

The future of cryptocurrencies in India is bright, the founder of WazirX Nischal Shetty has given a statement related to the future of digital currencies "We’ve seen our Prime Minister talk positively about blockchain, and I’m positive that he’ll ensure the Indian youth doesn’t stay behind in this global phenomenon"

I hope this information will be helpful for you.

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