But beyond that, there is no underlying basis on what price should they be traded. Retail investors should definitely avoid such high risk bets as if mistimed they can lose substantial parts of their capital," says Raghvendra Nath, Managing Director, Ladderup Wealth Management. While there are no clear fundamentals driving the price movement of bitcoin, regulation is another limitation, say the independent financial advisors.
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Demand and Supply drive the price. That's all. There is no underlying asset for bitcoin.
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So the valuation is fictitious. While the current trend in the price movement might be luring for investors, IFAs advise to avoid getting greedy and invest in real assets to avoid big losses in the short term. At least the power of compounding can ensure that the retail investors' wealth grows over long term," says Nath. Click here to read the Mint ePaper Mint is now on Telegram.
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Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image. Enter the amount bitcoin price in indian rupees to be converted in the box to the left of Bitcoin. Simply keep this site open and see the live Bitcoin price in the browser tab.
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- Bitcoin (BTC) and Indian rupee (INR) Year 2021 Exchange Rate History. Source: FCR.
See how many bitcoins you can buy. Enter an amount on the right-hand input field, to see the equivalent amount in Bitcoin on the left Get all information on the Bitcoin to Indian Rupee Exchange Rate including Charts, News and Realtime Price.
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The BTC conversion factor has 15 significant digits. The page provides data about today's value of one bitcoin in Indian Rupees. Convert Send Charts Alerts.
1 BTC to INR (1 Bitcoin to Indian Rupee) Exchange Calculator
XBT — Bitcoin. We use midmarket rates These are derived from the mid-point between the "buy" and "sell" transactional rates from global currency markets.
They are not transactional rates. Learn more. INR — Indian Rupee. Xe Currency Charts With this convenient tool you can review market history and analyse rate trends for any currency pair.
Bitcoin INR (BTC-INR)
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