There are few cryptocurrencies like and of course which have been giving huge returns on investment, and as per the reports of the last few years, it easily beats all the ordinary or traditional types of investment.
With such benefits, it is now getting the attention of retail investors too, but the point is not all investors are successful with cryptocurrencies.

According to a poll by Financial Express showed that around 40.6% of investors accepted that cryptocurrencies seem to be risky investments, whereas 37.7% of investors stated that they do not understand the market.
Another 14.9% expressed that they will try to get quick profits and the remaining 6.9% went with option Works as a SIP.

This clearly states that many people do not understand what it means to invest in cryptocurrency.
CEO of cryptocurrency exchange Bitbns, Mr. Gaurav Dahake said that many people signed on during Bitcoin’s first rocket speed run during 2017–18, but around 90% were out in a very short period.

However, in March, the Supreme Court overturned the RBI circular in which financial institutions and banks were barred from conducting cryptocurrency, with many investors holding back.

Bitbns claims trading volume on a daily basis of around $50 million and features 75+ cryptocurrencies. And people can make investments in fiat.

Dahake further said that the same overall trade volume in a month which was before March 2020 is now occurring in a day. Interest levels in bitcoin are rising, but they will soon taper.

How to start investing in Cryptocurrency?

Many experts advised caution while starting investing in cryptocurrencies, SIP (Systematic Investment Plan) type of investment makes sense for most people.

In the past, people invested in a lump sum at various price points and were badly faced losses when bitcoin fell.
Other Investors who chose to go with ICOs (initial coin offerings) of other cryptos also lost their money around 95% of ICOs which were a rage in 2017 they didn’t materialize.

However, it is still a very beneficial investment option and it is beating mutual funds, bank fixed deposits, Sensex, and returns over a three-year horizon if one chooses the SIP route.

In countries like India, there are still several cryptocurrency exchanges such as UnoCoin, WazirX, Zebpay, BuyUcoin, CoinDCX, etc.

Experts also stated that the more exchanges the more users they will attract. But it is also observed that with only 900 odd Bitcoins being mined daily demand is increasing and so the price is increasing.

Bitcoin has a limited supply of 21 million of which around 18.5 million has already been mined, and one more problem is that a significant amount is lost forever due to the missing keys of wallets.

Due to the institutions investing in bitcoins, it is now under great ups and downs. Kshitij Purohit, lead currency and commodities at Capitalvia Global Research, said that Many multinational players have come into the market and are investing some of their customers’ money.

Hedge funds are also hedging their portfolios against inflation in bitcoin. Earlier, they used to hedge against inflation by making investments.

Funds are selling bullion and buying cryptocurrencies, which makes the future significantly faster. Bitcoin can consolidate between $ 30,000 to $ 35,000 in a short period for a month but will profit after that.

How much to invest in cryptocurrency?

It is an important question and people who have knowledge of this field suggest that “Do not focus on quick profit, yes you will earn short term gains. But, you should go for the medium to long term Investment.

You can check the three-year performance of cryptocurrencies, and it is very clear that you will not be at a loss if you choose to invest for a longer period.

You can take an example of Ethareum it is the biggest after Bitcoin, Ethereum works on a decentralized network, and whenever someone builds on the network, results in more use of ether, and makes Ethereum more tangible.

Dahake responded in this matter that “Actually, learning about crypto is not easy. In general, markets tend to value things based on perception.

Even with equity, while it is tangible, sometimes you cannot describe estimates. The biggest example here is Tesla”

So how much of a person’s portfolio should be invested in cryptocurrency?

Experts recommend filling around 25 to 30% of one’s portfolio with crypto investments for excellent returns. Extra 10 to 15% should be poured into valuable metals, particularly in silver, as there is heavy industrial demand.

They also suggested putting around 30 to 35% in equities and around 15% in debt capitals.
They also added that if anyone wants to invest in crypto then they must begin with Bitcoin (BTC), even if it is costly.

One more thing is that soon financial institutions will create a huge competition because they can’t afford to stay behind in the competition from these currencies, and then the cryptomarket will converge with investors.
Many experts believe that Bitcoin will easily cross $100,000 value per BTC in 2022, thus it is also possible that people will treat BTC like gold.

That’s it for today here. You should consider all the advice and suggestions that industry experts have provided and covered above. in cryptocurrencies like bitcoin you should focus on medium to long term investment and if you are looking for a profitable project and coin for investment then PowerCorp will be a great choice.

Tim Webb CEO of Powercorp says “The cryptocurrency market reached a trillion-dollar value and banks and financial houses are like dinosaurs and still slow to adopt the digital currency.

At PowerCorp, we are keeping everything simple. We tokenize your assets, which allows you to borrow against them. Our self-liquidating finance program makes access to cash fast and easy.

PowerCorp and its PowerCoin (PKON) require you to tap into your crypto price without selling it.! “
So don’t miss the opportunity and invest in CowerCorp now to experience the finance 3.0 revolution.

Originally published at https://in.investing.com.
Official Website: https://www.powercorp.us/