What are your misconceptions about cryptocurrencies?
@Avikrdas (51)
June 2, 2019 6:20am CST
Dear members,
Even though I am not on a mission to promote cryptocurrencies, but I have seen a lot of people are carrying a lot of misconceptions about it.
Examples,
1. Converting crypto to cash is a huge task and takes a lot of money
2. Crypto is illegal
and so on.
I won't say all of them are true but I will try to provide a clear explanation if you have any questions on cryptos. Please go ahead and ask!
2 people like this
5 responses
@AKRao24 (27424)
• India
2 Jun 19
@Avikrdas , There are millions of articles about crypto currencies and i have been doing a lot of studies on the currency and find it no good on exiting currency.
Please read this:
https://www.vox.com/conversations/2018/4/11/17206018/bitcoin-blockchain-cryptocurrency-weaver
@psanasangma (7288)
• India
3 Jun 19
First question is Do my country allow to invest.. Is it legal ?
@Avikrdas (51)
•
3 Jun 19
Bitcoin is not a legal tender in Indian. However, the government is working on a framework to regulate cryptos in India and the drafting of that framework is still ongoing. We expect to hear few things about it during the upcoming budget session.
