traders are a new breed of enthusiasts flocking to the cryptocurrency boom in India. As soon as cryptocurrencies surfaced, they were lapped up by people globally. He hopes that the Finance Ministry will provide clarity, as they are the ones who have to take a consolidated view on cryptocurrencies. Write to us:, or connect with. In short, they are passionate about what they do and it shows. We entered the market on August 2, just a day after the fork, and in a span of two hours I was able to double my investment, he says. Choudhury, after understanding how cryptocurrencies and blockchain work, made the switch to cryptocurrencies trading and began with a few initial coin offer (ICO) investments. The volatility in cryptocurrencies in recent weeks has only excited the trader in him, says Choudhury. Day-in and day-out this is how Choudhury starts his day, which seldom ends until late night on most weekdays. Accel Partners is an early investor in Flipkart.
We've got you covered. But a shoulder injury this June marked his entry into crypto currency trading. Not just Bitcoins but Ether, Dash, Z Cash, Monero, says cryptocurrency expert Sunil Aggarwal. Subscribe to FactorDaily, our daily brief keeps thousands of readers ahead of the curve. Suresh has been dabbling in Bitcoin and Ether as a mining investment since 2015. One account for all of the world's top exchanges.
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I decided to short trade them and I was able to make money. This was around the boom time when Ether prices progressed from 200 to 400, says Suresh. The Reserve Bank of India had given a deadline to banks to snap ties with entities that deal with cryptocurrencies. NEW: Click here to get positive news on WhatsApp! Disclosure: FactorDaily is owned by SourceCode Media, which counts Accel Partners, Blume Ventures and Vijay Shekhar Sharma among its investors. Crypto exchanges in India have been sending emails or uploading notifications on their websites to alert users that they may soon be unable to cash out. Thats the routine of Chandan Choudhury, 33, financial analyst and trader now full time cryptocurrency analyst and day trader.
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