Tuesday, July 2, 2019
TIME: 10:02 am IST
DAILY CRYPTO CURRENCY REPORT
Today, I am not giving the technical levels (U can use technical levels of 1st July). News flow will be the key. Gold bugs want crypto currencies to crash and move into inertia. No doubt I am also a gold bull BUT I also make sure that our clients invest in crypto currencies in nations where it is possible. Resident Indians will go to jail if they are caught trading in crypto currencies or caught mining bitcoins.
Bitcoins, libra and other crypto currencies are here to stay. I expect more and more mergers and acquisitions (M&A) activity among crypto currency companies so that they are able to survive the future competition from facebook’s Libra/digital currency. Some of the crypto currencies will fade.
Before you trade and invest in crypto curerncies, please understand the technology behind it and also have little understanding of price discovery. Do not just go by the momentum and hype or word of mouth and starting trading to make a quick buck.
Insignia Consultants and its team have not invested OR traded in crypto currencies as it is illegal to trade in India.
Before Investing or trading in crypto currencies: Crypto currencies are unregulated investment or unregulated trading instruments. Risks are the highest among all investment class.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals, crypto currencies and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
Further disclaimer (read very carefully)
Trading of Bitcoins is illegal in my country India. The above report is not meant for resident Indians and Indian corporates. It is meant for traders or corporates in nations where bitcoin and other crypto currencies have got legal validity. Insignia Consultants and it employees are not responsible for illegal trading of crpto currencies and/or nations where crypto currencies do not have legal validity. Insignia Consultants does not advise on any investment strategy which is illegal nor does not it recommend people to trade in anything which is illegal to a nation. The above views are just technical views.
NOTES TO THE ABOVE REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN US DOLLARS UNLESS OTHERWISE SPECIFIED
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