Bitcoin prediction zebpay

MicroStrategy, a US-based software company, has poured hundreds of millions of dollars into the cryptocurrency in recent months. Anyone who pretends to know more than this is fooling himself or others. Long-term prediction is easy though.

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Bitcoin will continue to go up with periodic corrections. Investors should plan in years, not weeks," ZebPay said in a statement. By Sujata Sangwan 17th Dec Share on.

Bitcoin price hits an all-time high over $20K

Trending Now Trending Stories. The story of a startup born in the middle of a pandemic and how it got its first cheque from X. Unocoin was founded in and is the leading bitcoin exchange in India.

It is a relatively easy exchange platform, allowing users to buy cryptocurrency with any Indian bank account. However, with the banning proposal at hand, things might get challenging for Unocoin. WazirX follows the KYC norms, has a mobile application for both Android and iOS users and also claims to provide multiple hundred transactions per second. Outside of exchanges, P2P trading platforms enable bitcoin purchases in India, in spite of the bank bans.

Two important P2P marketplaces in India are:.

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Paxful is a peer to peer marketplace founded in that allows buyers and sellers to meet online and trade directly Bitcoin with each other. As a result, many Indians use Paxful due to ease of access and payment.

From $318K to $0: Bitcoin price predictions for 2021

There is also no fee for ht site itself, since the Bitcoin is traded at a premium. LocalBitcoins supports the most popular payment methods and allows individuals from different countries to purchase Bitcoin for their local currency. For the individual investor, gains from Bitcoin have to be declared as profit or capital gains in year-wise statements. As such the tax rates are subject to the holding period of the asset. Once an indexation benefit is applied and inflation is adjusted, the tax rate can go down further.

For a trader, bitcoin profits are treated as income from a business. As such, certain expenses related to business, office maintenance, such as buying a computer, internet expenses, office rent, administration cost, etc. However, if the turnover crosses Rs. For those who mine cryptocurrency, profits will not be treated as a capital asset.

As such, there is no capital gains tax. Most Indians trade and mine bitcoin to store them in digital web wallets instead of spending them to buy something.

bitcoin: Coronavirus: Impact on Bitcoin and its future, BFSI News, ET BFSI

Regardless several ventures have been in place to use Bitcoin for spending. Unocoin has been the most prominent in this sector.

In , it linked up with BookMyShow, an online cinema ticketing platform. This venture allowed customers to top up their accounts for movie tickets with Bitcoin. In a bid to fight corruption and terrorism, on November 8, , Prime Minister of India Narendra Modi shocked the nation by demonetizing Rs. Chaos was inevitable. This resulted in long queues at the ATMs and banks for weeks.

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There was not enough cash with the banks to dispense. People holding cash could deposit their money in the bank accounts or exchange for new Rs. What options do these people have? Let go all of their money? Well some of them did exactly that. Old notes were found floating in the river. While others turned to look for commodities to hedge the risk of an economic slowdown; some bought gold, some bought silver.