India plans faster stock settlements to slow down crypto migration

pawanjain

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Quote from: TheUltraElite on May 09, 2024, 11:41:13 AM

Quote from: pawanjain on May 04, 2024, 12:04:50 PM

Not sure if crypto trading is actually a threat to stock traders since both are different asset classes.

Its like a Venn diagram, you got group A, group B and group A+B Grin

Quote

Moreover, I believe stock trading cannot be as good as crypto trading, at least any time soon.

Have been doing it longer than crypto. Wink

It can be profitable but if you want it to be steadily profitable you have to go long term similar to bitcoin.

Quote

The reason being that crypto trading happens 24x7 and has immediate settlement whereas stock trading runs only 5 days a week.
So crypto trading is better than stock trading but that doesn't mean it is threat to traders since the asset classes are very different.

The timing only makes crypto more risky, you cannot monitor crypto all through the night, but stocks you only see for half the day. It just the intrinsic properties of each market or asset type. It does not make one good or the other bad.

Makes sense. I have been trading crypto as well as stocks and I have been making losses in both of them Grin

After years of experience one thing I have learnt is patience. With patience, most of my trades these days are profitable.
I go with a simple strategy which is buy, hold until profitable and sell. At least, I am not making losses this way Sad

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: pawanjain on May 04, 2024, 12:04:50 PM

Not sure if crypto trading is actually a threat to stock traders since both are different asset classes.

Its like a Venn diagram, you got group A, group B and group A+B Grin

Quote

Moreover, I believe stock trading cannot be as good as crypto trading, at least any time soon.

Have been doing it longer than crypto. Wink

It can be profitable but if you want it to be steadily profitable you have to go long term similar to bitcoin.

Quote

The reason being that crypto trading happens 24x7 and has immediate settlement whereas stock trading runs only 5 days a week.
So crypto trading is better than stock trading but that doesn't mean it is threat to traders since the asset classes are very different.

The timing only makes crypto more risky, you cannot monitor crypto all through the night, but stocks you only see for half the day. It just the intrinsic properties of each market or asset type. It does not make one good or the other bad.

pawanjain

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Quote from: Bitcoin Smith on April 17, 2024, 09:58:39 AM

According to SEBI, transitioning to T+0 is essential for the Indian stock market to compete with cryptocurrencies.

Read full article here

What surprising to me is SEBI looks crypto trading is a threat to the traders in the stock market which itself is very wrong, these are completely different set of people and very rare that stock traders are into the crypto trading as well.

Moreover, when Indian government introduced 1% TDS(Tax Deduction at Source), day trading cryptos is no more profitable.

How do you guys see the move of SEBI?

Not sure if crypto trading is actually a threat to stock traders since both are different asset classes.
Moreover, I believe stock trading cannot be as good as crypto trading, at least any time soon.
The reason being that crypto trading happens 24x7 and has immediate settlement whereas stock trading runs only 5 days a week.
So crypto trading is better than stock trading but that doesn't mean it is threat to traders since the asset classes are very different.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Bitcoin Smith on April 23, 2024, 10:53:12 AM

So yourself a stock investor,do you think this T+1 and T+0 is going to make any difference in the people who are into trading stocks?

For the day traders yes, they might want to move with quick delivery. I am a long term holder for stocks too, reaping the dividends on every quarter and hence it does not matter much to me at this point.

However the government is putting up a very far spectrum simile, crypto in India is not that mainstream yet. Still anything they do good with crypto is good for me.

Bitcoin Smith

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Quote from: TheUltraElite on April 23, 2024, 10:01:40 AM

But mind you majority of the Indian population are ignorant about trading and let alone crypto, they dont even know how to invest in FD or precious metals. They are spending way more than what they earn, so loan sharking apps are more common. So crypto in my opinion is way less of a treat, maybe SEBI has other statistics to back it up though.

Stacking gold is part of Indian culture, and that too seen as storage of value for sure, but with the current earning dynamics in India the people can't afford to buy gold like they used to for that we need to thank the politicians since Independence. Roll Eyes

So yourself a stock investor,do you think this T+1 and T+0 is going to make any difference in the people who are into trading stocks?

TheUltraElite

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As an old school investor, I have assets of different classes including most traditional assets and the more recent being crypto that too most bitcoin. Indeed the delayed delivery of stocks is something that is a stark difference with the delivery or cryptocurrencies which is also instant. Delivery of Forex also takes T+2.

But mind you majority of the Indian population are ignorant about trading and let alone crypto, they dont even know how to invest in FD or precious metals. They are spending way more than what they earn, so loan sharking apps are more common. So crypto in my opinion is way less of a treat, maybe SEBI has other statistics to back it up though.

Even then, once they start investing they will go for altcoins --> get washed out and then move back to non-investing states.

Bitcoin Smith

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Quote from: pakhitheboss on April 18, 2024, 07:34:07 AM

The article is from a cryptocurrency perspective and it does not hold any weight if you check the background of the publishing house. She might have compared based on how far the Indian stock market is left behind when the whole world is admiring instant payment through UPI and the cryptocurrency industry has been thriving due to instant payment.

This is propaganda as I am certain you would have skipped watching the complete video since you are blindly following the article, with your replies. I have not watched the video but if possible can you decode the complete interview?

I watched again the video for the sake and She really not concerned about other stock markets of the world but it's mandatory to provide instantaneous settlements since alternatives like crypto market is instant and nowadays everything looks for instant results.

In the beginning she said, Indian stock market is already far ahead of most security exchanges with T+1 which will be rolled out by end of March 2024, and they are working on implementing T+0 settlement by the end of next year which she added.

You may ask Why it's essential to upgrade to T+0 when we are already far ahead with settlement and our security of Market mitigates any risk factor then she talked about Crypto and alternatives are instant and that's where we should Target.

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Quote from: Bitcoin Smith on April 18, 2024, 07:19:15 AM

Quote from: avikz on April 18, 2024, 12:32:47 AM

It's a wrong way of looking at it! India is not moving towards faster stock settlement to slow down crypto migration.

According to SEBI chairperson Bush, it is and the improvements are made with the intention of competing against crypto trades or atleast that's what see says in that video 1:30

I don't see stock market is affected in any way due to the crypto traders but that surprises me when government authorities think in that way, but the upgrade is welcomed for sure.

The article is from a cryptocurrency perspective and it does not hold any weight if you check the background of the publishing house. She might have compared based on how far the Indian stock market is left behind when the whole world is admiring instant payment through UPI and the cryptocurrency industry has been thriving due to instant payment.

This is propaganda as I am certain you would have skipped watching the complete video since you are blindly following the article, with your replies. I have not watched the video but if possible can you decode the complete interview?

Bitcoin Smith

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Quote from: avikz on April 18, 2024, 12:32:47 AM

It's a wrong way of looking at it! India is not moving towards faster stock settlement to slow down crypto migration.

According to SEBI chairperson Bush, it is and the improvements are made with the intention of competing against crypto trades or atleast that's what see says in that video 1:30

I don't see stock market is affected in any way due to the crypto traders but that surprises me when government authorities think in that way, but the upgrade is welcomed for sure.

Bureau

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It is a serious threat for the Indian stock market and I guess later on they might be working 24/7. Overall my opinion is that comparing the Indian stock market with the crypto market don't fit here. The crypto market is global and not saturated to a region. It works 24/7 and yes the withdrawal is fast as compared to Indian stock market. But both have different kind of customer base and both have their pros and cons.

SEBI is a governing body and what they are doing now should have been done long back. When I was going through the article I read that government adoption to blockchain technology is increasing while the outlook towards crypto is not that appreciating. I feel it is due to the reason that the government is helpless in controlling the crypto market while it knows the potential of blockchain.

avikz

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It's a wrong way of looking at it! India is not moving towards faster stock settlement to slow down crypto migration. India is doing it to be at per with the international standards! Countries like US and China has already started with such initiatives. Since India has a huge number of oversees clients, they are trying to increase their operating standard. I don't think it has anything to do with crypto adoption.

Crypto investors invest in crypto assets to earn profits. They do not really look for any competition with the stock market which is heavily regulated. Yes, the crypto tax is unreasonable for sure. But faster stock settlement has nothing to do with slowing down crypto adoption. The article from Cointelegraph looks like a clickbait one to be honest!

Bitcoin Smith

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According to SEBI, transitioning to T+0 is essential for the Indian stock market to compete with cryptocurrencies.

Read full article here

What surprising to me is SEBI looks crypto trading is a threat to the traders in the stock market which itself is very wrong, these are completely different set of people and very rare that stock traders are into the crypto trading as well.

Moreover, when Indian government introduced 1% TDS(Tax Deduction at Source), day trading cryptos is no more profitable.

How do you guys see the move of SEBI?

Topic: India plans faster stock settlements to slow down crypto migration (Read 164 times)