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Revival of Indian CryptoCurrency Trading - HODL

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@steemflow
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When I first came across HODL word, I took it as a mis-spelled word for HOLD. This is how my journey started on crypto sphere. (I can bet many still don't know the actual abbreviation of it). It didn't took me long either to understand the actual meaning which implies to "HOLD ON TO DEAR LIFE."*

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Crypto investment in India has always been looked as a short-term prospect. Investors likes to encash on the quick money through selling at a higher rate. However, I always look it for the longer run. And that is how I related HODL to HOLD (not for sale).

Being an Indian, there was always dark clouds and insecurity on Crypto trading, however in the month of March 2020, the Supreme Court (highest judiciary) of India , had removed all curbs on crypto trading. This allow many new investor and users on different Indian crypto trading exchanges. Now there is more awareness and public attention on crypto trading.

As per the news report on different national daily, **"Cryptocurrency exchange platform Wazir X saw trading volumes increase by 275%, while Unocoin confirm the customer signups increased by 200% just, ahead of the BTC halving*. This is a significant spike in number considering,there were so many curbs earlier.

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**BTC being the the most favourable crypto currency that many tech savvy users know. And now, it is being preferred investment in India ahead of traditional assets like equity or gold*.

2020 has already considered the most important year for Indian crypto enthusiasts because of the developments that have happened over the last few months. The point of my advice for the incoming new investors would be to *not purchase unreliable crypto assets for quick returns (there is no shortcut to stardom). For me Bitcoin is the safest option to start with and to keep it for longer duration say 3-4 years.

Indian Crypto market is in revival phase and every investor need to be more cautious on investing. Wild swings in prices of bitcoin is always expected. Earlier in the month of March BTC fell to $3,800(approx) However, its price increased steadily and ticking at $9,500 (approx) currently.

History suggests that only short-term investors have lost money on bitcoin. While keeping it for long term gives a healthy return.

It often said around the Bitcoin community ‘Hold on to dear life’, or HODL, to be cautious while making investments in bitcoin.

HODL & STAY INVESTED

Stay Home....Stay Safe !!

Namaste @steemflow