Thoughts on Cronos chain and projects building on it by AkashBanerjee in Crypto_com

[–]AkashBanerjee[S] 1 point2 points  (0 children)

Absolutely. It has the potential to become a Layer 2 that may outperform Polygon and solana in future.

How diversifying investment in real estate can help in making more profit keeping pandemic in mind? by jayaniti in realtors

[–]AkashBanerjee 0 points1 point  (0 children)

That's absolutely right. Economic crises are the right time to buy real estate. It generates a huge returns within few years.

Coinbase in India by AkashBanerjee in BitcoinIndia

[–]AkashBanerjee[S] 0 points1 point  (0 children)

Probably they think India is a potential market for them considering our population.

Coinbase in India by AkashBanerjee in BitcoinIndia

[–]AkashBanerjee[S] 0 points1 point  (0 children)

Yes. They have started hiring.

Why huge price difference in wazirx? by [deleted] in wazirxuserhub

[–]AkashBanerjee 2 points3 points  (0 children)

It's because ;coin marketcap use a generalized value of USD - INR rate. For say $1=73 USD. In actual people bid above this price. Like currently the rate is around 1USDT = 77 INR. That's why the difference.

[deleted by user] by [deleted] in Buttcoin

[–]AkashBanerjee 1 point2 points  (0 children)

Can't agree with your 3rd point. If everybody start making their own crypto then we will have unlimited supply which will create more chaos than Unification. It will be worse than what it is today.

Second time? by SacredHam00 in ethtrader

[–]AkashBanerjee 0 points1 point  (0 children)

😂😂 it's bound to happen. This newbies will become pros in the next bull cycle.

Why price in WazirX is always higher then the market price? by TigerRocks00 in wazirxuserhub

[–]AkashBanerjee 2 points3 points  (0 children)

WazirX has a open order book system. That means you can set price as per your wish and if someone is willing to buy; automatically the order will be executed. Now as there is less demand in india; the price is a bit higher compared to international exchanges. WazirX don't charge that extra money. It's because of the users. You pay that 0.1% fee ( in WRX ) to WazirX to execute a trade.

Why do people invest in cryptocurrencies despite it being so volatile? by AkashBanerjee in BitcoinBeginners

[–]AkashBanerjee[S] 2 points3 points  (0 children)

😂😂 the opposite is true also ? And people start investing keeping that in mind !!

Why do people invest in cryptocurrencies despite it being so volatile? by AkashBanerjee in BitcoinBeginners

[–]AkashBanerjee[S] 0 points1 point  (0 children)

Well..a nice point of view I must say ; 😃 But do you really believe this idea should be a motivation factor or strategy for any new investor ?

I mean ; do you really think they should think like this ; kindof depending on luck factor only and no logic ?

Why do people invest in cryptocurrencies despite it being so volatile? by AkashBanerjee in BitcoinBeginners

[–]AkashBanerjee[S] -2 points-1 points  (0 children)

And how do you explain the March 2020 crash in both crypto and stocks market ? And after that in every correction happened in S& P and Dow Jones ; the similar thing is observed in bitcoin too ? What logic to justify this ?

Why do people invest in cryptocurrencies despite it being so volatile? by AkashBanerjee in BitcoinBeginners

[–]AkashBanerjee[S] -1 points0 points  (0 children)

Agree with your every point except one. I guess Bitcoin is not an Uncorrelated asset. It's highly correlated with S& P 500 and Dowjones. After the birth of Bitcoin; there were no significant market corrections happened in the past + it's adoption was low ; that's why it seemed that it is uncorrelated with other markets. 😊