Understanding Cryptocurrency: A complete guide for Indian investors

Are you curious about the craze around cryptocurrency in India? Despite warnings from the RBI, many Indians are diving into the crypto world. In this video, we explore what cryptocurrency is, how it works, and the merits and demerits of investing in it. Hear from Dhirendra Kumar about the speculative nature of crypto investments and learn the basics of starting your crypto journey. We'll also discuss the recent tax laws and the platforms where you can buy cryptocurrencies.
Stay informed and invest wisely!
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Key Points Covered:
- What drives the cryptocurrency craze in India?
- What is a cryptocurrency, and how does it work?
- How much can you invest, and who can invest in cryptocurrencies?
- Merits and demerits of cryptocurrencies
- Taxation on cryptocurrency in India
- How to start investing in cryptocurrencies
Expert Insight: Dhirendra Kumar shares his perspective on cryptocurrencies' speculative nature and why investors should be cautious.
#cryptocurrency #cryptoinvesting #bitcoin #blockchain #cryptoindia #digitalcurrency #investwisely #financialliteracy #cryptotaxinindia #investmentguide
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[@njexictfan]

Can you guys please tell me what is underlying the Indian rupee? Or US Dollar? Afaik there is no more gold backing required to print currency and governments around the world have been printing money like crazy. Whats backing these currencies apart from a promise done by the central bank. This all "there is no underlying" argument is pretty flawed. Anything which people believe in have value, just like paper notes.