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Posts published in “Bitcoin Trading”

I asked an Experienced Trader to grow $100 Bitcoin 10 times, lost it in hours

At one point the trading balance $100 in BTC was down to $30 then up to $120 and eventually ZERO, all within Seven hours. Trading is easy. You try to buy an asset at a price and then wait for the price to go up and sell it. That’s the expectation. There is a possibility that the price will tank instead of going up and you stand to lose money.…

SC Clears Ground for Crypto Trading in India. My Word of Caution: Stick with Bitcoin

Today was indeed a monumental day for the crypto community in India as Supreme Court squashed the 2018 RBI circular as it fails the Test of Proportionality. This circular had prevented crypto exchanges from opening bank accounts to accept or make customer deposits. Reeling under this pressure a number of exchanges had shut their shop as they couldn’t accept deposits from their customers who wanted to buy/sell cryptocurrency. Now, following the SC order, we should witness a sea of new crypto exchanges come up in India that would allow direct…

Trading Bitcoin on Ethereum Network with the “Wrapped Bitcoin” Project

A project to bring Bitcoin to Ethereum Ecosystem launched officially on January 30. The Wrapped Bitcoin (WBTC), an ERC20 token backed by bitcoin (BTC) reserves has started trading on several exchange and decentralised lending platforms. Stable coins backed by fiat currencies is on a rise this year. Some of them are ERC20 tokens and help grow the decentralised trading market on the Ethereum blockchain. Now we have a Bitcoin backed ERC20…

How to Buy Bitcoin With Paytm In India in 2020

PayTM, India’s widely used Digital Wallet-turned-bank boasts about 200 million active users on the app. With numbers as staggering as those, no wonder PayTM is providing payment services to all kinds of Business. Now, you can even buy Bitcoins using PayTM. No, you cannot buy it directly from the app, although that doesn’t seem like an impossible scenario in future. There are few websites from where you can purchase Bitcoins and pay…