While spending 10 lakhs at current levels keep following things in mind:
1) Bitcoins have already reached a very high price and thus do not expect returns like 10 times in an year. Double or triple income in next one year seems more realistic.
2) Prices are volatile and it has dropped to 30-405 in a day. At such, you need to be patient and never sell in panic as it will cause loss in trade.
3) Finally, if you want to make money in short term, it will be better to invest in alt coins.
Topic: if one wants to invest 10 lacs rupees in the current level (Read 329 times)
It depends how long you want to hold the coin.if you are day trader then you can do small profit .but i would recommend holding some potential coin they give very good profit at long term.you can also buy token below their respective ico price and hold for few months as their roadmap will be completed their price will spike.
Yes. you can go for it. Invest in bitcoin and expect about 20-30 lakhs in an year. In case, there is sudden decrease in price, withdraw asap even in loss.
Yes, people might be thinking this as a joke that Bitcoin will reach 25-30 Lakhs considering current stagnation but it is certain that Bitcoin will cross this bar within year. We have seen similar stagnation in May-July 2017 and Bitcoin boom 5x after that. Same gonna happen in 2018, after few weak months, Bitcoin gonna surge huge in Q3-Q4
Yes. you can go for it. Invest in bitcoin and expect about 20-30 lakhs in an year. In case, there is sudden decrease in price, withdraw asap even in loss.
The amount is nearly about 1 bitcoin and its huge ,personally i would not invest that much amount because i don't know exactly how market will go.loosing such a high value and bearing looses is not my cup of tea, i would also not recommend it ,you can that amount to invest somewhere else and invest a little in bitcoin so it would not pinch that when its price goes down.
some good medium to long term cryptos with moon potential even at the current levels are BTC, LTC, NEO, ADA, XMR, ZEC.
If you are for short term, go for highly researched ICO's. otherwise, just invest in top 10 altcoins and you will have long good way to go 
Uncertain because of how the futures market will impact the price.
There could be a lot of shorting which will drive the price down.
I'd rather buy ethereum or some solid altcoin and hold for a year instead.
There could be a lot of shorting which will drive the price down.
I'd rather buy ethereum or some solid altcoin and hold for a year instead.
The rate seems to be very high at present and would not advice to invest unless you yourself believe that the btc price would rise from here. Also investing such a huge amount at one go would not be advisable and always you can buy on dip some small amount of btc.
any advice ?
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