What are the cons of investing in cryptocurrency in India?

  • Volatility – I had experienced it myself, crypto’s are most volatile asset . They can increase by 100% one day but also can fall 90% on the other
  • New coin – There are many crypto’s just developed as meme coins where even developers don’t ascertain its use. So before investing read atleast white paper
  • New listing – Avoid investing in new listing on exchanges until you are ascertain about the coin. As many coins are listed at exorbitant prices to value due to demand supply gap

I will suggest you to invest in crypto only after ascertaining risks associated and bearing the risks of even capital loss like you invest in equity. Also invest in SIP mode in coins like bitcoin and etherum they are good quality crypto currency. Open an account and start investing in crypto

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