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Rahul Kohali's Blog – February 2021 Archive (12)

How to Buy Litecoin (LTC) in India 2021 - Beginners Guide

Litecoin (LTC) ranks as the 8th most-traded cryptocurrency in the world. It is a decentralized money, free from censorship and open to all. It helps you with sending low cost private, secure, borderless payments to anyone.

In India, you can buy Litecoin in India easily on PCEX Member. The current value of Litecoin is USD170.18. Its market capitalization stands at $11,319,004,041 as of February 26, 2021. The Litecoin…

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Added by Rahul Kohali on February 27, 2021 at 2:33am — No Comments

Taxation of Cryptocurrencies in India

The growing volume and value of cryptocurrency transactions across trading exchanges are grappling the attention of the legislative bodies and tax authorities in India. With taxation, the governments can achieve three major goals. First, regulate the cryptocurrency market in the larger interest of the public. Second, stop money laundering and illegal use of the asset. And, third, generate revenue from the trade in the form of income tax and GST.

Limitations of Income Tax…

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Added by Rahul Kohali on February 25, 2021 at 1:11am — No Comments

A Beginners Guide to How to Buy Bitcoin cash in India 2021

BCH is a popular cryptocurrency along with Bitcoin (BTC) and Ethereum (ETH) to trade in India in 2021. If you are a beginner to bch, here is a brief overview of the cryptocurrency, before you delve into its trading.

How to Buy BCH in INR?

If you want to buy and sell BCH and make a profit, PCEX Member has got you covered! This is a pioneer cryptocurrency exchange in India that allows you to…

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Added by Rahul Kohali on February 24, 2021 at 5:00am — No Comments

Reasons Why Bitcoin Could Double Your Money In 2021

The price of no other assets in the world has increased as fast as that of Bitcoin (BTC). From USD10,764 in September 2020 to 48,840 on February 17, 2021 – its value quadrupled in just 5 months. If you are a crypto investor or one who is planning to do so, the statistical presentation of the value of Bitcoin over the period October 2013-February 17, 2021 might interest you.

Here are grounds that bitcoin could double your money in 2021.

#1. Growing adoption of…

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Added by Rahul Kohali on February 22, 2021 at 12:44am — 4 Comments

A Beginners Guide to How to Buy Dash in India 2021

Dash (DASH) is a popular cryptocurrency along with Bitcoin (BTC) and Ethereum (ETH) to trade in India in 2021. If you are a beginner to DASH, here is a brief overview of the cryptocurrency, before you delve into its trading.

Dash is a brainchild of two software developers, namely, Evan Duffield and Kyle Hagan. The project was originally called XCoin, but was renamed as Darkcoin two weeks later before rebranding again to Dash in March 2015 in an effort to positively change its…

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Added by Rahul Kohali on February 19, 2021 at 2:10am — No Comments

Top Exchanges to Buy Ethereum in India

Citing the Ethereum (ETH) price changes over the past two years from Feb 2019 to January 2021 (almost 10X), anyone would be interested to invest in this cryptocurrency. By the time of writing this post, Ethereum was being traded at $1398.65.

Ethereum (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. However, considering its lower price than Bitcoin (USD36,609.40), it’s a wise call to invest in Ethereum.…

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Added by Rahul Kohali on February 17, 2021 at 5:41am — No Comments

What is the Future of Bitcoin in India?

With the passage of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 on January 29, 2021 in the lower house of the parliament, i.e., Lok Sabha, investors in India might be quite uncertain about their move. What is the destiny of Bitcoin in India? PCEX Member, a leading cryptocurrency exchange in India, explains it and tries to answer many unanswered questions.

What does the bill say?

“To create a facilitative framework for the creation of the…

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Added by Rahul Kohali on February 16, 2021 at 7:22am — No Comments

Investing in Bitcoin - Reasons to Invest in Bitcoin in India 2021

What is the best cryptocurrency to invest in India? Today, if you ask this question to even a school kid, Bitcoin (BTC) is most likely to be their answer!

In fact, 2021 has been the year, when Indians are most informed about the benefits of investing in cryptocurrency. Concurrently, it’s the year, when bitcoin has reached its record height.

PCEX Member, provides a round-up of the reasons.

Strong Positioning

Bitcoin’s dominance is noticeable across all crypto trading…

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Added by Rahul Kohali on February 15, 2021 at 2:47am — No Comments

Top Cryptocurrencies to Trade in 2021

With the likes of Elon Musk endorsing and embracing cryptocurrency, the year 2021 is all set to become a milestone for the cryptocurrency trade. If you are wondering what currency to buy and sell, here is a sneak peek of the popular cryptocurrencies comprising insightful and actionable data about their rank, dominance, market worth, and growth.

Bitcoin (BTC)

Global Rank#1

Out of the total market capitalization of cryptocurrency, 63.80% is dominated by Bitcoin (BTC),…

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Added by Rahul Kohali on February 10, 2021 at 3:19am — No Comments

How Does Bitcoin's Price Increase?

From USD Zero in January 2014 to USD 37,937 on February 04, 2021 – Bitcoin’s price has increased exponentially, particularly after the worldwide lockdown conditions triggered by COVID-19. See the Bitcoin’s price surge after August 2020.

Leaving behind the few exceptions between November 2018 to February 2019, the growth trend has remained consistent. Its growth remained unaffected due to international factors like the US-China tension and Brexit. Even the Covid-19 pandemic couldn’t…

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Added by Rahul Kohali on February 5, 2021 at 2:26am — No Comments

A Beginner’s Guide to Day Trading Cryptocurrency

What is Day Trading?

Day trading concludes on the same day. Profit or loss – no matter what’s in the store, but the report card comes on the same trading day. It’s similar to a 20-20 cricket match where you don’t have much time to think and plan. In fact, it demands prior planning and strategy making.

Sometimes, this strategy is also referred to as intraday trading. The goal of day traders is to use intraday trading strategies to benefit from the intraday price changes of the…

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Added by Rahul Kohali on February 2, 2021 at 2:07am — No Comments

A Guide to Hedge Using Futures Contract

Futures trading is itself a hedging exercise that existed since time immemorial. When terms like the stock market or similar were in oblivion, buyers used to lock-in the price of an asset by making an advance payment to sellers. Likewise, sellers with speculation of sluggishness in the future market, tend to make a contract before the produce or asset was ready to be sold. So, in a way both the buyers and sellers want some sort of protection or hedge against an anticipated economic…

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Added by Rahul Kohali on February 1, 2021 at 1:09am — No Comments

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