Thread by @seriousfunnyguy

Thread about Crypto myths & investment in India #TimeForCrypto 👇

While the government is still planning to bring regulations on it, Crypto trading is legal in India. So you can buy and sell cryptocurrencies without any question of legality.

It is a highly volatile market.

If you look historically at the price of bitcoin, there have been a number of occasions where it’s really spiked and then comes crashing down really quickly. So it’s better to start with a small amount, do research, learn about it.

Every single currency in the world...

are inflationary and they are controlled by governments.
Because the supply of bitcoin is limited and it is controlled by computer code, people argue that it is the greatest protector of purchasing power.

Bitcoin has taken some big steps toward going mainstream.

In October, global payments giant PayPal started permitting its customers to buy and sell cryptocurrencies from their accounts. A number of tech companies, including @jack’s Square have begun holding Bitcoin.

And in August, Fidelity Investments, the asset management firm...

with $3.3 trillion in assets, announced the launch of its first Bitcoin mutual fund.

With availability of platforms like @B21Official one can easily invest in cryptocurrencies without worrying much. You can start investing with a small amount of $25 or Rs. 2000 #TimeForCrypto