Crypto currency

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Deal Lieutenant
popeyemask
What are the top 3 investment ideas in crypto...
Which one is good platform to trade in India..
Any person who would like to share his/her experience....
What you think about crypto for long term let's say 5-8 years ...
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Deal Cadet Deal Cadet
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@EndOfHistory What will happen, if we will not file ITR or cannot display crypto assets during file ITR?
Deal Subedar Deal Subedar
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@newpost You are paying TDS, to take that back you have to file a return.
If you don't file, the Department already knows about your transactions (coz of TDS) and will send you a notice
Deal Cadet Deal Cadet
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Wazirx, CoinDCX, Coinswitch good in India

5- 8 years outlook may not work so much in crypto - A narrative or tech in 2023-24 may be superseded by the end of 2025 and your investment as of todays date may just remain flat post that [ Except ETH BTC and some large cap of top 10 Market cap coins or other good coins ] 
Investing in BTC & ETH is safe as compared to other coins if you don't know much about this ecosystem

Get in bear market - forget you have bought - sell in bull market - repeat - is what data/chart would also suggests if you look at glance for past 6-10 years

A coin at 50$ in 2021 when BTC was 69K$ can get plummeted to 1-5$ during bear market and may never rise to 50$ even if BTC goes past 69k$ in future - if better things have been built and available in this time -  hence 5-10 year outlook may not work

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Pro DealBaba Pro DealBaba
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India mai toh mushkil hai crypto ka I guess

Deal Subedar Deal Subedar
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30% tax in India on profits, no set-off allowed.

So, I suggest it is better to avoid crypto trading unless some relaxations are offered by govt.

Presently, our central bank believes crypto trading is Sin.

Deal Cadet Deal Cadet
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What is 30% tax and how to pay it? But in Indian exchanges, only 1% TDS is deducted. There is no 30% tax in crypto selling still.
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Deal Subedar Deal Subedar
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considering your question, Binance was a good platform till now, suspended by government till some guidelines are met with,  . So, Wait for it to come back.

other options are WazirX,coindcx

Deal Subedar Deal Subedar
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i use coinswitch app for crypto

Deal Cadet Deal Cadet
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Wazirx, CoinDCX, Coinswitch good in India

5- 8 years outlook may not work so much in crypto - A narrative or tech in 2023-24 may be superseded by the end of 2025 and your investment as of todays date may just remain flat post that [ Except ETH BTC and some large cap of top 10 Market cap coins or other good coins ] 
Investing in BTC & ETH is safe as compared to other coins if you don't know much about this ecosystem

Get in bear market - forget you have bought - sell in bull market - repeat - is what data/chart would also suggests if you look at glance for past 6-10 years

A coin at 50$ in 2021 when BTC was 69K$ can get plummeted to 1-5$ during bear market and may never rise to 50$ even if BTC goes past 69k$ in future - if better things have been built and available in this time -  hence 5-10 year outlook may not work

Deal Lieutenant Deal Lieutenant
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